SPY vs VCHY
State Street SPDR S&P 500 ETF Trust vs Vanguard US High-Yield Corporate Bond Index ETF
Quick Verdict
VCHY has a lower expense ratio. VCHY offers more diversification with 1,079 holdings.
Side-by-Side Comparison
| Metric | SPY | VCHY | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.05% | |
| AUM | $821.1B | $38M | |
| Dividend Yield | 1.01% | 0.50% | |
| Holdings | 505 | 1,079 | |
| YTD Return | +12.93% | -0.23% | |
| 1Y Return | +20.62% | - | |
| 3Y Return (annualized) | +22.00% | - | |
| 5Y Return (annualized) | +13.33% | - | |
| Volatility (annualized) | 15.3% | - | |
| Max Drawdown | -56.5% | -1.2% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Fixed Income | |
| Inception | Jan 22, 1993 | May 19, 2026 |
SPY vs VCHY Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Vanguard US High-Yield Corporate Bond Index ETF (VCHY) is a ETF from Vanguard (US). Year to date, SPY is up 12.93% versus a loss of 0.23% for VCHY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -56.5% for SPY and -1.2% for VCHY. 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 VCHY charges 0.05%. On a $10,000 position that is $9 vs $5 annually, a gap of $4 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.50% for VCHY.
Holdings Overlap
SPY and VCHY share 0 holdings out of 1583 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or VCHY?
SPY has an expense ratio of 0.09% while VCHY charges 0.05%. VCHY is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
What is the holdings overlap between SPY and VCHY?
SPY and VCHY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1583 unique securities.
Which pays a higher dividend, SPY or VCHY?
SPY yields 1.01% while VCHY yields 0.50%, so SPY currently pays the higher dividend yield.
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