SPYD vs VTI
State Street SPDR Portfolio S&P 500 High Dividend ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPYD or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. VTI 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 33.3%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.07% | 0.03%Best |
| AUM | $7.1B | $690.1B |
| Dividend Yield | 4.09% | 1.03% |
| Holdings | 165 | 3,524 |
| YTD Return | +8.45% | +14.54%Best |
| 1Y Return | +10.41% | +16.83%Best |
| 3Y Return (annualized) | +14.57% | +22.56%Best |
| 5Y Return (annualized) | +7.43% | +12.76%Best |
| Volatility (annualized) | 17.9% | 15.4%Best |
| Max Drawdown | -47.3% | -35.0%Best |
| $10,000 over 5 years | $14,310 | $18,230Best |
| Top 10 Weight | 15.0%Best | 33.3% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 21, 2015 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Oct 22, 2015 to Oct 9, 2026 (11 years).
SPYD vs VTI 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 VTI Performance
State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an ETF from State Street Investment Management and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPYD returned +10.41% while VTI returned +16.83%. Year to date, SPYD is up 8.45% versus a gain of 14.54% for VTI.
Over three years, SPYD compounded at +14.57% per year against +22.56% for VTI; over five years the annualized figures are +7.43% and +12.76% respectively. Across the full 11-year window we track, VTI has the edge at +13.29% 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 15.4% for VTI. 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPYD charges 0.07% per year while VTI 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 1.03% for VTI.
Holdings Overlap
95.8% of SPYD's money is in holdings VTI also owns. 5.3% of VTI's money is in holdings SPYD also owns.
Most of SPYD is already inside VTI. Owning both mostly buys the same companies twice.
76 positions in common, counted across the 80 positions we hold weights for in SPYD and 3,463 in VTI, against full books of 165 and 3,524.
What only one of them owns
Our book lists 1,074 positions for VTI that do not appear in our book for SPYD (92.2% of the fund), and 3 for SPYD that do not appear in VTI (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 VTI | Difference |
|---|---|---|---|
| CVXChevron Corp | 1.43% | 0.52% | 0.91% |
| HPQHP Inc | 1.82% | 0.03% | 1.79% |
| ACNAccenture Plc | 1.69% | 0.14% | 1.55% |
| VZVerizon Communications Inc Vz | 1.47% | 0.24% | 1.23% |
| TAT&T Inc | 1.45% | 0.22% | 1.23% |
| PFEPfizer Inc | 1.44% | 0.20% | 1.24% |
| MDTMedtronic Plc Ordinary Shares | 1.43% | 0.15% | 1.28% |
| PEPPepsico Inc. | 1.29% | 0.26% | 1.03% |
| TGTTARGET CORP | 1.45% | 0.09% | 1.36% |
| BMYBristol-Myers Squibb Co. | 1.35% | 0.18% | 1.17% |
95.8% of SPYD is already inside VTI.
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 VTI?
SPYD has an expense ratio of 0.07% while VTI charges 0.03%. VTI is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, SPYD or VTI?
Over the past year SPYD returned +10.41% vs +16.83% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (11 years), SPYD annualized +6.28% vs +13.29% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYD or VTI?
SPYD has been the more volatile fund at 17.9% annualized versus 15.4% for VTI. Worst drawdown: SPYD -47.3% vs VTI -35.0%.
Should I hold both SPYD and VTI?
SPYD and VTI have a monthly-return correlation of 0.78, 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 VTI?
95.8% of SPYD's money is in holdings VTI also owns. 5.3% of VTI'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 3,463 in VTI.
Which pays a higher dividend, SPYD or VTI?
SPYD yields 4.09% while VTI yields 1.03%, so SPYD currently pays the higher dividend yield.
Is VTI better than SPYD?
VTI has a lower expense ratio. VTI 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 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.