SPYM vs VOO
State Street SPDR Portfolio S&P 500 ETF vs Vanguard S&P 500 ETF
Which is better, SPYM or VOO?
Nearly the same fund. SPYM costs less.
SPYM has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 37.6% 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 | SPYM | VOO |
|---|---|---|
| Expense Ratio | 0.02%Best | 0.03% |
| AUM | $168.9B | $997.4B |
| Dividend Yield | 1.01% | 1.04% |
| Holdings | 508 | 509 |
| YTD Return | +11.69% | +11.98%Best |
| 1Y Return | +16.18% | +16.45%Best |
| 3Y Return (annualized) | +21.10% | +21.19%Best |
| 5Y Return (annualized) | +12.90% | +12.95%Best |
| Volatility (annualized) | 14.8% | 14.6%Best |
| Max Drawdown | -34.3%Tie | -34.3%Tie |
| $10,000 over 5 years | $18,343 | $18,384Best |
| Top 10 Weight | 38.0% | 37.6%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2005 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Feb 18, 2014 to Sep 14, 2026 (12.6 years).
SPYM 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 12.6 years both funds cover.
SPYM vs VOO Performance
State Street SPDR Portfolio S&P 500 ETF (SPYM) 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 SPYM returned +16.18% while VOO returned +16.45%. Year to date, SPYM is up 11.69% versus a gain of 11.98% for VOO.
Over three years, SPYM compounded at +21.10% per year against +21.19% for VOO; over five years the annualized figures are +12.90% and +12.95% respectively. Across the full 13-year window we track, VOO has the edge at +12.66% annualized vs +12.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYM has been the more volatile fund, with annualized monthly volatility of 14.8% compared with 14.6% 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 -34.3% for SPYM 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYM charges 0.02% per year while VOO charges 0.03%. On a $10,000 position that is $2 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, SPYM currently yields 1.01% against 1.04% for VOO.
Holdings Overlap
98.3% of SPYM's money is in holdings VOO also owns. 98.3% of VOO's money is in holdings SPYM also owns.
Most of SPYM is already inside VOO. Owning both mostly buys the same companies twice.
485 positions in common, counted across the 505 positions we hold weights for in SPYM and 494 in VOO, against full books of 508 and 509.
What only one of them owns
Our book lists 6 positions for VOO that do not appear in our book for SPYM (1.1% of the fund), and 16 for SPYM that do not appear in VOO (1.4%).
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 SPYM | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.71% | 7.55% | 0.16% |
| AAPLApple, Inc | 6.83% | 7.05% | 0.22% |
| MSFTMicrosoft Corp | 5.50% | 5.36% | 0.14% |
| AMZNAmazon.Com Inc | 4.08% | 4.13% | 0.05% |
| GOOGLAlphabet Inc,class A | 3.33% | 3.24% | 0.09% |
| AVGOBroadcom Inc | 2.97% | 2.86% | 0.11% |
| GOOGAlphabet Inc | 2.66% | 2.62% | 0.04% |
| METAMeta Platforms Inc | 1.94% | 1.90% | 0.04% |
| MUMicron Technology, Inc. | 1.51% | 1.44% | 0.07% |
| JPMJpmorgan Chase | 1.44% | 1.46% | 0.02% |
98.3% of SPYM 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, SPYM or VOO?
SPYM has an expense ratio of 0.02% while VOO charges 0.03%. SPYM is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SPYM or VOO?
Over the past year SPYM returned +16.18% vs +16.45% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (13 years), SPYM annualized +12.56% vs +12.66% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYM or VOO?
SPYM has been the more volatile fund at 14.8% annualized versus 14.6% for VOO. Worst drawdown: SPYM -34.3% vs VOO -34.3%.
Should I hold both SPYM and VOO?
SPYM and VOO 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 SPYM and VOO?
98.3% of SPYM's money is in holdings VOO also owns. 98.3% of VOO's is in holdings SPYM also owns. They hold 485 positions in common, counted across the 505 positions we hold weights for in SPYM and 494 in VOO.
Which pays a higher dividend, SPYM or VOO?
SPYM yields 1.01% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SPYM?
SPYM has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 37.6% 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.