SPY vs VXUS
State Street SPDR S&P 500 ETF Trust vs Vanguard Total International Stock ETF
Which is better, SPY or VXUS?
Each has led over a different period.
VXUS has a lower expense ratio. SPY led over 3Y, 5Y and the full window, VXUS over 1Y.
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 | VXUS |
|---|---|---|
| Expense Ratio | 0.09% | 0.05%Best |
| AUM | $804.7B | $158.1B |
| Dividend Yield | 0.98% | 2.51% |
| Holdings | 505 | 8,747 |
| YTD Return | +12.47% | +14.48%Best |
| 1Y Return | +17.51% | +22.28%Best |
| 3Y Return (annualized) | +21.18%Best | +20.00% |
| 5Y Return (annualized) | +12.88%Best | +8.91% |
| Volatility (annualized) | 14.2%Best | 15.0% |
| Max Drawdown | -34.1%Best | -39.9% |
| $10,000 over 5 years | $18,327Best | $15,323 |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 22, 1993 | Jan 26, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 28, 2011 to Sep 11, 2026 (15.6 years).
SPY vs VXUS 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 15.6 years both funds cover.
SPY vs VXUS Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Vanguard Total International Stock ETF (VXUS) is an ETF from Vanguard (US). Over the past year SPY returned +17.51% while VXUS returned +22.28%. Year to date, SPY is up 12.47% versus a gain of 14.48% for VXUS.
Over three years, SPY compounded at +21.18% per year against +20.00% for VXUS; over five years the annualized figures are +12.88% and +8.91% respectively. Across the full 16-year window we track, SPY has the edge at +12.67% annualized vs +4.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VXUS has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.2% 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 -34.1% for SPY and -39.9% for VXUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPY charges 0.09% per year while VXUS 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 0.98% against 2.51% for VXUS.
Holdings Overlap
At least 0.6% of SPY's money is in holdings VXUS also owns.
Stated as a floor: for VXUS, our book for it covers 87.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
5 positions in common, counted across the 504 positions we hold weights for in SPY and 8,091 in VXUS, against full books of 505 and 8,747.
You are not choosing between two funds in isolation.
Whichever of SPY and VXUS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or VXUS?
SPY has an expense ratio of 0.09% while VXUS charges 0.05%. VXUS is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, SPY or VXUS?
Over the past year SPY returned +17.51% vs +22.28% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), SPY annualized +12.67% vs +4.82% for VXUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or VXUS?
VXUS has been the more volatile fund at 15.0% annualized versus 14.2% for SPY. Worst drawdown: SPY -34.1% vs VXUS -39.9%.
Should I hold both SPY and VXUS?
SPY and VXUS have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPY or VXUS?
SPY yields 0.98% while VXUS yields 2.51%, so VXUS currently pays the higher dividend yield.
Is VXUS better than SPY?
VXUS has a lower expense ratio. SPY led over 3Y, 5Y and the full window, VXUS over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.