SPYG vs VOO
State Street SPDR Portfolio S&P 500 Growth ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPYG delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | SPYG | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $55.7B | $997.4B | |
| Dividend Yield | 0.49% | 1.08% | |
| Holdings | 149 | 509 | |
| YTD Return | +12.90% | +12.68% | |
| 1Y Return | +23.38% | +21.87% | |
| 3Y Return (annualized) | +26.50% | +22.06% | |
| 5Y Return (annualized) | +13.24% | +12.95% | |
| Volatility (annualized) | 17.7% | 14.1% | |
| Max Drawdown | -69.7% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2000 | Sep 7, 2010 |
SPYG vs VOO Performance
State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPYG returned +23.38% while VOO returned +21.87%. Year to date, SPYG is up 12.90% versus a gain of 12.68% for VOO.
Over three years, SPYG compounded at +26.50% per year against +22.06% for VOO; over five years the annualized figures are +13.24% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +6.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYG has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 14.1% 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 -69.7% for SPYG and -34.3% for VOO. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYG charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, SPYG currently yields 0.49% against 1.08% for VOO.
Holdings Overlap
SPYG and VOO share 144 holdings out of 509 unique holdings combined, representing a 65.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SPYG or VOO?
SPYG has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SPYG or VOO?
Over the past year SPYG returned +23.38% vs +21.87% for VOO, so SPYG leads on 1-year performance. Over the longest common window we track (16 years), SPYG annualized +6.56% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, SPYG or VOO?
SPYG has been the more volatile fund at 17.7% annualized versus 14.1% for VOO. Worst drawdown: SPYG -69.7% vs VOO -34.3%.
Should I hold both SPYG and VOO?
SPYG and VOO have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPYG and VOO?
SPYG and VOO share 144 common holdings with a 65.8% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, SPYG or VOO?
SPYG yields 0.49% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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