SPY vs VDG

SPY vs VDG
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Quick Verdict

VDG has a lower expense ratio. VDG offers more diversification with 634 holdings.

Lower Fees: VDGHigher Returns: TiedMore Diversified: VDG

Side-by-Side Comparison

MetricSPYVDGWinner
Expense Ratio0.09%0.08%
AUM$821.1B$33M
Dividend Yield1.01%0.32%
Holdings505634
YTD Return+12.22%+8.42%
1Y Return+20.83%-
3Y Return (annualized)+21.70%-
5Y Return (annualized)+12.98%-
Volatility (annualized)15.3%-
Max Drawdown-56.5%-6.4%
Fund FamilyState Street Investment ManagementVanguard (US)
CategoryEquityEquity
InceptionJan 22, 1993Mar 31, 2026

SPY vs VDG Performance

State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Vanguard Developed Markets ex-US Growth Index ETF (VDG) is a ETF from Vanguard (US). Year to date, SPY is up 12.22% versus a gain of 8.42% for VDG.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -56.5% for SPY and -6.4% for VDG. 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 VDG 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 0.32% for VDG.

Holdings Overlap

0.1%overlap

SPY and VDG share 2 holdings out of 1115 unique holdings combined, representing a 0.1% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in SPYWeight in VDGDifference
ORCL0.37%0.01%0.36%
BK0.16%0.04%0.12%

Frequently Asked Questions

Which is cheaper, SPY or VDG?

SPY has an expense ratio of 0.09% while VDG charges 0.08%. VDG is the cheaper option. On a $10,000 investment, that is $1 per year of difference.

What is the holdings overlap between SPY and VDG?

SPY and VDG share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1115 unique securities.

Which pays a higher dividend, SPY or VDG?

SPY yields 1.01% while VDG yields 0.32%, so SPY currently pays the higher dividend yield.

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See what your portfolio actually owns
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