SPY vs VBCF

Quick Verdict

VBCF has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: VBCFHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricSPYVBCFWinner
Expense Ratio0.09%0.08%
AUM$789.1B$38M
Dividend Yield1.01%0.50%
Holdings505375
YTD Return+13.79%+1.13%
1Y Return+23.66%-
3Y Return (annualized)+21.40%-
5Y Return (annualized)+13.37%-
Volatility (annualized)15.3%-
Max Drawdown-56.5%-1.9%
Fund FamilyState Street Investment ManagementVanguard (US)
CategoryEquityFixed Income
InceptionJan 22, 1993Mar 10, 2026

SPY vs VBCF Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) is a ETF from Vanguard (US). Year to date, SPY is up 13.79% versus a gain of 1.13% for VBCF.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -56.5% for SPY and -1.9% for VBCF. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

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 1.01% against 0.50% for VBCF.

Holdings Overlap

0.4%overlap

SPY and VBCF share 1 holdings out of 852 unique holdings combined, representing a 0.4% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in SPYWeight in VBCFDifference
GE0.61%0.40%0.21%

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. On a $10,000 investment, that is $1 per year of difference.

What is the holdings overlap between SPY and VBCF?

SPY and VBCF share 1 common holdings with a 0.4% weight overlap. Combined, they hold 852 unique securities.

Which pays a higher dividend, SPY or VBCF?

SPY yields 1.01% while VBCF yields 0.50%, so SPY currently pays the higher dividend yield.

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