SPYG vs VYM
State Street SPDR Portfolio S&P 500 Growth ETF vs Vanguard High Dividend Yield ETF
Which is better, SPYG or VYM?
Large Cap Growth against Large Cap Value.
SPYG led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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 | VYM |
|---|---|---|
| Expense Ratio | 0.04%Tie | 0.04%Tie |
| AUM | $53.9B | $81.6B |
| Dividend Yield | 0.48% | 2.22% |
| Holdings | 149 | 613 |
| YTD Return | +14.08%Best | +11.35% |
| 1Y Return | +17.42%Best | +15.34% |
| 3Y Return (annualized) | +26.35%Best | +17.22% |
| 5Y Return (annualized) | +13.99%Best | +12.30% |
| Volatility (annualized) | 16.6% | 14.6%Best |
| Max Drawdown | -51.9%Best | -58.8% |
| $10,000 over 5 years | $19,246Best | $17,861 |
| Top 10 Weight | 59.4% | 26.1%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Sep 25, 2000 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 18, 2026 (19.8 years).
SPYG vs VYM 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 19.8 years both funds cover.
SPYG vs VYM Performance
State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an ETF from State Street Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPYG returned +17.42% while VYM returned +15.34%. Year to date, SPYG is up 14.08% versus a gain of 11.35% for VYM.
Over three years, SPYG compounded at +26.35% per year against +17.22% for VYM; over five years the annualized figures are +13.99% and +12.30% respectively. Across the full 20-year window we track, SPYG has the edge at +12.02% annualized vs +6.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYG has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 14.6% for VYM. 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 -51.9% for SPYG and -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPYG charges 0.04% per year while VYM charges 0.04%. On a $10,000 position that is $4 vs $4 annually. On income, SPYG currently yields 0.48% against 2.22% for VYM.
Holdings Overlap
16.0% of SPYG's money is in holdings VYM also owns. 33.0% of VYM's money is in holdings SPYG also owns.
The two portfolios partly overlap.
41 positions in common, counted across the 149 positions we hold weights for in SPYG and 557 in VYM, against full books of 149 and 613.
What only one of them owns
Our book lists 487 positions for VYM that do not appear in our book for SPYG (64.1% of the fund), and 107 for SPYG that do not appear in VYM (83.9%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 4.87% | 7.35% | 2.48% |
| JPMJpmorgan Chase | 1.80% | 3.82% | 2.02% |
| JNJJohnson & Johnson - Common | 1.05% | 2.51% | 1.46% |
| CATCaterpillar, Inc. | 1.02% | 1.50% | 0.48% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.64% | 1.86% | 1.22% |
| ABBVAbbvie Inc. | 0.58% | 1.80% | 1.22% |
| KOCoca Cola Co. | 0.40% | 1.38% | 0.98% |
| GSGoldman Sachs Group Inc/The | 0.54% | 1.13% | 0.59% |
| PMPhilip Morris International Inc. | 0.45% | 1.21% | 0.76% |
| MSMorgan Stanley | 0.43% | 0.96% | 0.53% |
33.0% of VYM is already inside SPYG.
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 VYM?
SPYG has an expense ratio of 0.04% while VYM charges 0.04%. At the precision these are quoted to, they cost the same.
Which performed better, SPYG or VYM?
Over the past year SPYG returned +17.42% vs +15.34% for VYM, so SPYG leads on 1-year performance. Over the longest common window we track (20 years), SPYG annualized +12.02% vs +6.82% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYG or VYM?
SPYG has been the more volatile fund at 16.6% annualized versus 14.6% for VYM. Worst drawdown: SPYG -51.9% vs VYM -58.8%.
Should I hold both SPYG and VYM?
SPYG and VYM have a monthly-return correlation of 0.80, 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 SPYG and VYM?
33.0% of VYM's money is in holdings SPYG also owns. 33.0% of VYM's is in holdings SPYG also owns. They hold 41 positions in common, counted across the 149 positions we hold weights for in SPYG and 557 in VYM.
Which pays a higher dividend, SPYG or VYM?
SPYG yields 0.48% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPYG?
SPYG led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% 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.