SPYT vs VOO
Defiance S&P 500 Income Target ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPYT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.92% | 0.03% | |
| AUM | $154M | $979.0B | |
| Dividend Yield | 20.10% | 1.09% | |
| Holdings | 5 | 509 | |
| YTD Return | +10.72% | +13.72% | |
| 1Y Return | +16.24% | +21.63% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 11.0% | 14.1% | |
| Max Drawdown | -18.3% | -34.3% | |
| Fund Family | Defiance ETFs, LLC | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 7, 2024 | Sep 7, 2010 |
SPYT vs VOO Performance
Defiance S&P 500 Income Target ETF (SPYT) is a ETF from Defiance ETFs, LLC and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPYT returned +16.24% while VOO returned +21.63%. Year to date, SPYT is up 10.72% versus a gain of 13.72% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 11.0% for SPYT. 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 -18.3% for SPYT and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYT charges 0.92% per year while VOO charges 0.03%. On a $10,000 position that is $92 vs $3 annually, a gap of $89 per year that compounds over a long holding period. On income, SPYT currently yields 20.10% against 1.09% for VOO.
Holdings Overlap
SPYT and VOO share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPYT or VOO?
SPYT has an expense ratio of 0.92% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, SPYT or VOO?
Over the past year SPYT returned +16.24% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), SPYT annualized +15.14% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, SPYT or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.0% for SPYT. Worst drawdown: SPYT -18.3% vs VOO -34.3%.
Should I hold both SPYT and VOO?
SPYT and VOO have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPYT and VOO?
SPYT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, SPYT or VOO?
SPYT yields 20.10% while VOO yields 1.09%, so SPYT currently pays the higher dividend yield.
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