SPYG vs VOO
State Street SPDR Portfolio S&P 500 Growth ETF vs Vanguard S&P 500 ETF
Which is better, SPYG or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. SPYG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 59.4%.
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 | SPYG | VOO |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $53.9B | $997.4B |
| Dividend Yield | 0.48% | 1.04% |
| Holdings | 149 | 509 |
| YTD Return | +13.28%Best | +12.50% |
| 1Y Return | +17.87%Best | +17.58% |
| 3Y Return (annualized) | +25.89%Best | +21.27% |
| 5Y Return (annualized) | +13.27%Best | +12.95% |
| Volatility (annualized) | 15.5% | 14.1%Best |
| Max Drawdown | -32.7%Best | -34.3% |
| $10,000 over 5 years | $18,646Best | $18,384 |
| Top 10 Weight | 59.4% | 36.4%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Sep 25, 2000 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
SPYG 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 16 years both funds cover.
SPYG vs VOO Performance
State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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 SPYG returned +17.87% while VOO returned +17.58%. Year to date, SPYG is up 13.28% versus a gain of 12.50% for VOO.
Over three years, SPYG compounded at +25.89% per year against +21.27% for VOO; over five years the annualized figures are +13.27% and +12.95% respectively. Across the full 16-year window we track, SPYG has the edge at +15.73% annualized vs +13.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYG has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -32.7% for SPYG 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 0.96. 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 0.48% against 1.04% for VOO.
Holdings Overlap
99.5% of SPYG's money is in holdings VOO also owns. 67.4% of VOO's money is in holdings SPYG also owns.
Most of SPYG is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 62 days apart, SPYG as of Aug 31, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
144 positions in common, counted across the 149 positions we hold weights for in SPYG and 505 in VOO, against full books of 149 and 509.
What only one of them owns
Our book lists 352 positions for VOO that do not appear in our book for SPYG (32.0% of the fund), and 5 for SPYG that do not appear in VOO (0.3%).
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 SPYG | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 14.85% | 7.51% | 7.34% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 10.47% | 4.30% | 6.17% |
| AAPLApple, Inc | 6.46% | 6.59% | 0.13% |
| GOOGLAlphabet A Usd 0.001 | 5.53% | 3.25% | 2.28% |
| AVGOBroadcom Inc | 4.87% | 2.77% | 2.10% |
| AMZNAmazon.Com Inc | 3.74% | 3.62% | 0.12% |
| GOOGAlphabet Inc | 4.40% | 2.59% | 1.81% |
| METAMeta Platforms, Inc. | 3.49% | 1.92% | 1.57% |
| MUMicron Technology, Inc. | 3.00% | 2.02% | 0.98% |
| LLYEli Lilly & Co. | 2.54% | 1.47% | 1.07% |
99.5% of SPYG 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, SPYG or VOO?
SPYG has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SPYG or VOO?
Over the past year SPYG returned +17.87% vs +17.58% for VOO, so SPYG leads on 1-year performance. Over the longest common window we track (16 years), SPYG annualized +15.73% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYG or VOO?
SPYG has been the more volatile fund at 15.5% annualized versus 14.1% for VOO. Worst drawdown: SPYG -32.7% 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. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between SPYG and VOO?
99.5% of SPYG's money is in holdings VOO also owns. 67.4% of VOO's is in holdings SPYG also owns. They hold 144 positions in common, counted across the 149 positions we hold weights for in SPYG and 505 in VOO.
Which pays a higher dividend, SPYG or VOO?
SPYG yields 0.48% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SPYG?
VOO has a lower expense ratio. SPYG led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 59.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.