SPYI vs VTI
NEOS S&P 500 High Income ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPYI or VTI?
Nearly the same fund. VTI costs less.
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.0%.
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 | SPYI | VTI |
|---|---|---|
| Expense Ratio | 0.68% | 0.03%Best |
| AUM | $11.7B | $666.9B |
| Dividend Yield | 11.81% | 1.03% |
| Holdings | 509 | 3,543 |
| YTD Return | +1.16% | +11.53%Best |
| 1Y Return | +4.71% | +15.74%Best |
| 3Y Return (annualized) | +12.46% | +20.67%Best |
| 5Y Return (annualized) | - | +11.59% |
| Volatility (annualized) | 10.4%Best | 14.5% |
| Max Drawdown | -16.5%Best | -19.3% |
| $10,000 over 4 years | $15,961 | $19,572Best |
| Top 10 Weight | 38.0% | 33.3%Best |
| Fund Family | NEOS | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 29, 2022 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Aug 30, 2022 to Sep 15, 2026 (4 years).
SPYI 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 4 years both funds cover.
SPYI vs VTI Performance
NEOS S&P 500 High Income ETF (SPYI) is an ETF from NEOS and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPYI returned +4.71% while VTI returned +15.74%. Year to date, SPYI is up 1.16% versus a gain of 11.53% for VTI.
Over three years, SPYI compounded at +12.46% per year against +20.67% for VTI. Across the full 4-year window we track, VTI has the edge at +18.28% annualized vs +12.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 10.4% for SPYI. 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 -16.5% for SPYI and -19.3% 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYI charges 0.68% per year while VTI charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, SPYI currently yields 11.81% against 1.03% for VTI.
Holdings Overlap
99.5% of SPYI's money is in holdings VTI also owns. 87.8% of VTI's money is in holdings SPYI also owns.
Most of SPYI is already inside VTI. Owning both mostly buys the same companies twice.
486 positions in common, counted across the 494 positions we hold weights for in SPYI and 3,463 in VTI, against full books of 509 and 3,543.
What only one of them owns
Our book lists 669 positions for VTI that do not appear in our book for SPYI (9.8% of the fund), and 5 for SPYI that do not appear in VTI (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 SPYI | Weight in VTI | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.10% | 6.40% | 1.70% |
| AAPLApple, Inc | 7.06% | 6.29% | 0.77% |
| MSFTMicrosoft Corp | 5.69% | 4.79% | 0.90% |
| AMZNAmazon.Com Inc | 3.86% | 3.65% | 0.21% |
| GOOGLAlphabet Inc,class A | 3.02% | 2.90% | 0.12% |
| AVGOBroadcom Inc | 2.66% | 2.56% | 0.10% |
| GOOGAlphabet Inc | 2.41% | 2.31% | 0.10% |
| METAMeta Platforms Inc | 1.92% | 1.70% | 0.22% |
| MUMicron Technology, Inc. | 1.66% | 1.29% | 0.37% |
| TSLATesla Inc | 1.57% | 1.22% | 0.35% |
99.5% of SPYI 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, SPYI or VTI?
SPYI has an expense ratio of 0.68% while VTI charges 0.03%. VTI is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, SPYI or VTI?
Over the past year SPYI returned +4.71% vs +15.74% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), SPYI annualized +12.40% vs +18.28% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYI or VTI?
VTI has been the more volatile fund at 14.5% annualized versus 10.4% for SPYI. Worst drawdown: SPYI -16.5% vs VTI -19.3%.
Should I hold both SPYI and VTI?
SPYI and VTI have a monthly-return correlation of 0.97, 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 SPYI and VTI?
99.5% of SPYI's money is in holdings VTI also owns. 87.8% of VTI's is in holdings SPYI also owns. They hold 486 positions in common, counted across the 494 positions we hold weights for in SPYI and 3,463 in VTI.
Which pays a higher dividend, SPYI or VTI?
SPYI yields 11.81% while VTI yields 1.03%, so SPYI currently pays the higher dividend yield.
Is VTI better than SPYI?
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.