SPYG vs VOOG
State Street SPDR Portfolio S&P 500 Growth ETF vs Vanguard S&P 500 Growth ETF
Which is better, SPYG or VOOG?
Nearly the same fund. SPYG costs less.
SPYG has a lower expense ratio. SPYG led over 1Y, 5Y and the full window, VOOG over 3Y. The two have moved almost in lockstep, correlation 1.00. VOOG is less concentrated, with 60.1% of the fund in its ten largest positions against 60.2%.
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 | VOOG |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.07% |
| AUM | $51.7B | $26.6B |
| Dividend Yield | 0.50% | 0.47% |
| Holdings | 306 | 163 |
| YTD Return | +9.25%Best | +9.21% |
| 1Y Return | +8.85%Best | +8.81% |
| 3Y Return (annualized) | +24.53% | +24.57%Best |
| 5Y Return (annualized) | +11.38%Best | +11.37% |
| Volatility (annualized) | 15.5% | 15.4%Best |
| Max Drawdown | -32.7%Tie | -32.7%Tie |
| $10,000 over 5 years | $17,141Best | $17,133 |
| Top 10 Weight | 60.2% | 60.1%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 25, 2000 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Nov 11, 2026 (16.2 years).
SPYG vs VOOG 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 16.2 years both funds cover.
SPYG vs VOOG Performance
State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an ETF from State Street Investment Management and Vanguard S&P 500 Growth ETF (VOOG) is an ETF from Vanguard (US). Over the past year SPYG returned +8.85% while VOOG returned +8.81%. Year to date, SPYG is up 9.25% versus a gain of 9.21% for VOOG.
Over three years, SPYG compounded at +24.53% per year against +24.57% for VOOG; over five years the annualized figures are +11.38% and +11.37% respectively. Across the full 16-year window we track, SPYG has the edge at +15.29% annualized vs +15.25%.
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 15.4% for VOOG. 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 -32.7% for VOOG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. 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 VOOG charges 0.07%. On a $10,000 position that is $4 vs $7 annually, a gap of $3 per year that compounds over a long holding period. On income, SPYG currently yields 0.50% against 0.47% for VOOG.
Holdings Overlap
99.8% of SPYG's money is in holdings VOOG also owns. 99.7% of VOOG's money is in holdings SPYG also owns.
Most of SPYG is already inside VOOG. Owning both mostly buys the same companies twice.
150 positions in common, counted across the 153 positions we hold weights for in SPYG and 153 in VOOG, against full books of 306 and 163.
What only one of them owns
Our book lists 1 positions for VOOG that do not appear in our book for SPYG (0.0% of the fund), and 3 for SPYG that do not appear in VOOG (0.2%).
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 VOOG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.58% | 14.99% | 0.41% |
| MSFTMicrosoft Corp | 10.79% | 10.33% | 0.46% |
| AAPLApple Inc | 6.81% | 6.59% | 0.22% |
| GOOGLAlphabet Inc | 5.55% | 5.48% | 0.07% |
| AVGOBroadcom Inc | 4.48% | 4.53% | 0.05% |
| GOOGAlphabet Inc. C | 4.45% | 4.39% | 0.06% |
| METAMeta Platforms Inc | 4.43% | 4.34% | 0.09% |
| AMZNAmazon.Com Inc | 3.60% | 3.52% | 0.08% |
| MUMicron Technology, Inc. | 2.81% | 3.26% | 0.45% |
| AMDAdvanced Micro Devices Inc | 2.54% | 2.71% | 0.17% |
99.8% of SPYG is already inside VOOG.
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 VOOG?
SPYG has an expense ratio of 0.04% while VOOG charges 0.07%. SPYG is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, SPYG or VOOG?
Over the past year SPYG returned +8.85% vs +8.81% for VOOG, so SPYG leads on 1-year performance. Over the longest common window we track (16 years), SPYG annualized +15.29% vs +15.25% for VOOG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYG or VOOG?
SPYG has been the more volatile fund at 15.5% annualized versus 15.4% for VOOG. Worst drawdown: SPYG -32.7% vs VOOG -32.7%.
Should I hold both SPYG and VOOG?
SPYG and VOOG have a monthly-return correlation of 1.00, 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 VOOG?
99.8% of SPYG's money is in holdings VOOG also owns. 99.7% of VOOG's is in holdings SPYG also owns. They hold 150 positions in common, counted across the 153 positions we hold weights for in SPYG and 153 in VOOG.
Which pays a higher dividend, SPYG or VOOG?
SPYG yields 0.50% while VOOG yields 0.47%, so SPYG currently pays the higher dividend yield.
Is VOOG better than SPYG?
SPYG has a lower expense ratio. SPYG led over 1Y, 5Y and the full window, VOOG over 3Y. The two have moved almost in lockstep, correlation 1.00. VOOG is less concentrated, with 60.1% of the fund in its ten largest positions against 60.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.