SPY vs VTWV
State Street SPDR S&P 500 ETF Trust vs Vanguard Russell 2000 Value ETF
Quick Verdict
VTWV has a lower expense ratio. VTWV delivered stronger 1-year returns. VTWV offers more diversification with 1249 holdings.
Side-by-Side Comparison
| Metric | SPY | VTWV | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.06% | |
| AUM | $789.1B | $1.3B | |
| Dividend Yield | 1.01% | 2.07% | |
| Holdings | 505 | 1,432 | |
| YTD Return | +14.47% | +25.21% | |
| 1Y Return | +21.96% | +36.28% | |
| 3Y Return (annualized) | +21.70% | +18.05% | |
| 5Y Return (annualized) | +13.30% | +9.37% | |
| Volatility (annualized) | 15.3% | 19.5% | |
| Max Drawdown | -56.5% | -47.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Sep 20, 2010 |
SPY vs VTWV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Vanguard Russell 2000 Value ETF (VTWV) is a ETF from Vanguard (US). Over the past year SPY returned +21.96% while VTWV returned +36.28%. Year to date, SPY is up 14.47% versus a gain of 25.21% for VTWV.
Over three years, SPY compounded at +21.70% per year against +18.05% for VTWV; over five years the annualized figures are +13.30% and +9.37% respectively. Across the full 16-year window we track, VTWV has the edge at +9.67% annualized vs +8.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTWV has been the more volatile fund, with annualized monthly volatility of 19.5% compared with 15.3% 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 -47.3% for VTWV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while VTWV charges 0.06%. On a $10,000 position that is $9 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 2.07% for VTWV.
Holdings Overlap
SPY and VTWV share 4 holdings out of 1748 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or VTWV?
SPY has an expense ratio of 0.09% while VTWV charges 0.06%. VTWV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, SPY or VTWV?
Over the past year SPY returned +21.96% vs +36.28% for VTWV, so VTWV leads on 1-year performance. Over the longest common window we track (16 years), SPY annualized +8.87% vs +9.67% for VTWV. Past performance does not guarantee future results.
Which is riskier, SPY or VTWV?
VTWV has been the more volatile fund at 19.5% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs VTWV -47.3%.
Should I hold both SPY and VTWV?
SPY and VTWV have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and VTWV?
SPY and VTWV share 4 common holdings with a 0.1% weight overlap. Combined, they hold 1748 unique securities.
Which pays a higher dividend, SPY or VTWV?
SPY yields 1.01% while VTWV yields 2.07%, so VTWV currently pays the higher dividend yield.
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