SPY vs VCR
State Street SPDR S&P 500 ETF Trust vs Vanguard Consumer Discretionary ETF
Which is better, SPY or VCR?
Large Cap Blend against Large Cap Growth.
SPY led over 1Y, 3Y and 5Y, VCR over the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 55.7%.
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 | VCR |
|---|---|---|
| Expense Ratio | 0.09%Tie | 0.09%Tie |
| AUM | $804.7B | $6.6B |
| Dividend Yield | 0.98% | 0.73% |
| Holdings | 505 | 356 |
| YTD Return | +12.19%Best | -2.93% |
| 1Y Return | +18.53%Best | -2.74% |
| 3Y Return (annualized) | +20.88%Best | +10.23% |
| 5Y Return (annualized) | +12.69%Best | +4.35% |
| Volatility (annualized) | 14.6%Best | 19.6% |
| Max Drawdown | -56.5%Best | -62.7% |
| $10,000 over 5 years | $18,173Best | $12,373 |
| Top 10 Weight | 38.0%Best | 55.7% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jan 22, 1993 | Jan 26, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 9, 2026 (22.6 years).
SPY vs VCR 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 covers the 22.6 years both funds cover.
SPY vs VCR Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Vanguard Consumer Discretionary ETF (VCR) is an ETF from Vanguard (US). Over the past year SPY returned +18.53% while VCR returned -2.74%. Year to date, SPY is up 12.19% versus a loss of 2.93% for VCR.
Over three years, SPY compounded at +20.88% per year against +10.23% for VCR; over five years the annualized figures are +12.69% and +4.35% respectively. Across the full 23-year window we track, VCR has the edge at +9.74% annualized vs +9.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VCR has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 14.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -62.7% for VCR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPY charges 0.09% per year while VCR charges 0.09%. On a $10,000 position that is $9 vs $9 annually. On income, SPY currently yields 0.98% against 0.73% for VCR.
Holdings Overlap
9.3% of SPY's money is in holdings VCR also owns. 75.8% of VCR's money is in holdings SPY also owns.
Most of VCR is already inside SPY. Owning both mostly buys the same companies twice.
47 positions in common, counted across the 504 positions we hold weights for in SPY and 278 in VCR, against full books of 505 and 356.
What only one of them owns
Our book lists 228 positions for VCR that do not appear in our book for SPY (23.6% of the fund), and 449 for SPY that do not appear in VCR (90.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in VCR | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 4.08% | 19.73% | 15.65% |
| TSLATesla Motors Inc | 1.38% | 17.26% | 15.88% |
| HDHome Depot Inc/The | 0.52% | 5.13% | 4.61% |
| MCDMcdonald'S Corp | 0.29% | 2.83% | 2.54% |
| TJXTjx Cos., Inc. | 0.26% | 2.49% | 2.23% |
| BKNGPriceline.com, Inc. | 0.23% | 2.13% | 1.90% |
| LOWLowes Cos., Inc. | 0.18% | 1.83% | 1.65% |
| SBUXStarbucks Corp | 0.18% | 1.74% | 1.56% |
| MARMarriott International, Inc. | 0.11% | 1.28% | 1.17% |
| RCLRoyal Caribbean Cruises | 0.12% | 1.25% | 1.13% |
75.8% of VCR is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or VCR?
SPY has an expense ratio of 0.09% while VCR charges 0.09%. At the precision these are quoted to, they cost the same.
Which performed better, SPY or VCR?
Over the past year SPY returned +18.53% vs -2.74% for VCR, so SPY leads on 1-year performance. Over the longest common window we track (23 years), SPY annualized +9.15% vs +9.74% for VCR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or VCR?
VCR has been the more volatile fund at 19.6% annualized versus 14.6% for SPY. Worst drawdown: SPY -56.5% vs VCR -62.7%.
Should I hold both SPY and VCR?
SPY and VCR have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPY and VCR?
75.8% of VCR's money is in holdings SPY also owns. 75.8% of VCR's is in holdings SPY also owns. They hold 47 positions in common, counted across the 504 positions we hold weights for in SPY and 278 in VCR.
Which pays a higher dividend, SPY or VCR?
SPY yields 0.98% while VCR yields 0.73%, so SPY currently pays the higher dividend yield.
Is VCR better than SPY?
SPY led over 1Y, 3Y and 5Y, VCR over the full window. The two have moved almost in lockstep, correlation 0.91. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 55.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.