SPY vs VBCF
State Street SPDR S&P 500 ETF Trust vs Vanguard Target Maturity 2032 Corporate Bond ETF
Which is better, SPY or VBCF?
VBCF costs less.
VBCF has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | VBCF |
|---|---|---|
| Expense Ratio | 0.09% | 0.08%Best |
| AUM | $804.7B | $43M |
| Dividend Yield | 0.98% | 1.28% |
| Holdings | 505 | 376 |
| YTD Return | +12.09%Best | -0.24% |
| 1Y Return | +16.29% | - |
| 3Y Return (annualized) | +21.20% | - |
| 5Y Return (annualized) | +13.37% | - |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | - |
| Inception | Jan 22, 1993 | Mar 10, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
SPY vs VBCF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPY vs VBCF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) is an ETF from Vanguard (US). Year to date, SPY is up 12.09% versus a loss of 0.24% for VBCF.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while VBCF charges 0.08%. On a $10,000 position that is $9 vs $8 annually, a gap of $1 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 1.28% for VBCF.
Holdings Overlap
At least 33.3% of SPY's money is in holdings VBCF also owns.
Stated as a floor: for VBCF, our book for it covers 28.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
76 positions in common, counted across the 504 positions we hold weights for in SPY and 94 in VBCF, against full books of 505 and 376.
Top Shared Holdings
| Stock | Weight in SPY | Weight in VBCF | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.26% | 0.35% | 6.91% |
| AMZNAmazon.Com Inc | 3.79% | 0.69% | 3.10% |
| AVGOBroadcom Inc | 2.66% | 0.54% | 2.12% |
| METAMeta Platforms Inc | 1.93% | 0.98% | 0.95% |
| JPMJpmorgan Chase | 1.45% | 1.03% | 0.42% |
| BACBank Of America Corp. | 0.62% | 1.39% | 0.77% |
| MUMicron Technology, Inc. | 1.60% | 0.24% | 1.36% |
| CCitigroup Inc. | 0.34% | 1.07% | 0.73% |
| JNJJohnson & Johnson - Common | 0.99% | 0.31% | 0.68% |
| VZVerizon Communic | 0.32% | 0.97% | 0.65% |
33.3% of SPY is already inside VBCF.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, SPY or VBCF?
SPY has an expense ratio of 0.09% while VBCF charges 0.08%. VBCF is the cheaper option, by $1 a year on a $10,000 investment.
What is the holdings overlap between SPY and VBCF?
At least 33.3% of SPY's money is in holdings VBCF also owns. Our book for VBCF is partial, so the real figure is this or higher. They hold 76 positions in common, counted across the 504 positions we hold weights for in SPY and 94 in VBCF.
Which pays a higher dividend, SPY or VBCF?
SPY yields 0.98% while VBCF yields 1.28%, so VBCF currently pays the higher dividend yield.
Is VBCF better than SPY?
VBCF has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.