SPYD vs VOO
State Street SPDR Portfolio S&P 500 High Dividend ETF vs Vanguard S&P 500 ETF
Which is better, SPYD or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. SPYD is less concentrated, with 15.0% of the fund in its ten largest positions against 37.6%.
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 | SPYD | VOO |
|---|---|---|
| Expense Ratio | 0.07% | 0.03%Best |
| AUM | $7.1B | $1.0T |
| Dividend Yield | 4.09% | 1.04% |
| Holdings | 165 | 506 |
| YTD Return | +8.45% | +14.88%Best |
| 1Y Return | +10.41% | +17.30%Best |
| 3Y Return (annualized) | +14.57% | +23.04%Best |
| 5Y Return (annualized) | +7.43% | +13.97%Best |
| Volatility (annualized) | 17.9% | 15.0%Best |
| Max Drawdown | -47.3% | -34.3%Best |
| $10,000 over 5 years | $14,310 | $19,229Best |
| Top 10 Weight | 15.0%Best | 37.6% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 21, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 22, 2015 to Oct 9, 2026 (11 years).
SPYD vs VOO 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 11 years both funds cover.
SPYD vs VOO Performance
State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SPYD returned +10.41% while VOO returned +17.30%. Year to date, SPYD is up 8.45% versus a gain of 14.88% for VOO.
Over three years, SPYD compounded at +14.57% per year against +23.04% for VOO; over five years the annualized figures are +7.43% and +13.97% respectively. Across the full 11-year window we track, VOO has the edge at +13.79% annualized vs +6.28%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYD has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.0% for VOO. 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 -47.3% for SPYD and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPYD charges 0.07% per year while VOO charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, SPYD currently yields 4.09% against 1.04% for VOO.
Holdings Overlap
95.8% of SPYD's money is in holdings VOO also owns. 6.0% of VOO's money is in holdings SPYD also owns.
Most of SPYD is already inside VOO. Owning both mostly buys the same companies twice.
76 positions in common, counted across the 80 positions we hold weights for in SPYD and 494 in VOO, against full books of 165 and 506.
What only one of them owns
Our book lists 411 positions for VOO that do not appear in our book for SPYD (93.2% of the fund), and 3 for SPYD that do not appear in VOO (2.6%).
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 SPYD | Weight in VOO | Difference |
|---|---|---|---|
| CVXChevron Corp | 1.43% | 0.57% | 0.86% |
| HPQHP Inc | 1.82% | 0.04% | 1.78% |
| ACNAccenture Plc | 1.69% | 0.16% | 1.53% |
| VZVerizon Communications Inc Vz | 1.47% | 0.30% | 1.17% |
| TAT&T Inc | 1.45% | 0.25% | 1.20% |
| PFEPfizer Inc | 1.44% | 0.22% | 1.22% |
| MDTMedtronic Plc Ordinary Shares | 1.43% | 0.17% | 1.26% |
| PEPPepsico Inc. | 1.29% | 0.30% | 0.99% |
| BMYBristol-Myers Squibb Co. | 1.35% | 0.21% | 1.14% |
| TGTTARGET CORP | 1.45% | 0.10% | 1.35% |
95.8% of SPYD is already inside VOO.
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, SPYD or VOO?
SPYD has an expense ratio of 0.07% while VOO charges 0.03%. VOO is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, SPYD or VOO?
Over the past year SPYD returned +10.41% vs +17.30% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), SPYD annualized +6.28% vs +13.79% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYD or VOO?
SPYD has been the more volatile fund at 17.9% annualized versus 15.0% for VOO. Worst drawdown: SPYD -47.3% vs VOO -34.3%.
Should I hold both SPYD and VOO?
SPYD and VOO have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPYD and VOO?
95.8% of SPYD's money is in holdings VOO also owns. 6.0% of VOO's is in holdings SPYD also owns. They hold 76 positions in common, counted across the 80 positions we hold weights for in SPYD and 494 in VOO.
Which pays a higher dividend, SPYD or VOO?
SPYD yields 4.09% while VOO yields 1.04%, so SPYD currently pays the higher dividend yield.
Is VOO better than SPYD?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. SPYD is less concentrated, with 15.0% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.