SPY vs VBCF
State Street SPDR S&P 500 ETF Trust vs Vanguard Target Maturity 2032 Corporate Bond ETF
Quick Verdict
VBCF has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | VBCF | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.08% | |
| AUM | $821.1B | $40M | |
| Dividend Yield | 1.01% | 0.89% | |
| Holdings | 505 | 375 | |
| YTD Return | +13.47% | +1.65% | |
| 1Y Return | +20.57% | - | |
| 3Y Return (annualized) | +21.83% | - | |
| 5Y Return (annualized) | +12.88% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -1.9% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | Mar 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 13.47% versus a gain of 1.65% 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 0.89% for VBCF.
Holdings Overlap
SPY and VBCF share 86 holdings out of 544 unique holdings combined, representing a 15.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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 86 common holdings with a 15.8% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, SPY or VBCF?
SPY yields 1.01% while VBCF yields 0.89%, so SPY currently pays the higher dividend yield.
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