SPYV vs VOO
State Street SPDR Portfolio S&P 500 Value 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 509 holdings.
Side-by-Side Comparison
| Metric | SPYV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $36.8B | $997.4B | |
| Dividend Yield | 1.69% | 1.08% | |
| Holdings | 440 | 509 | |
| YTD Return | +12.20% | +12.63% | |
| 1Y Return | +18.75% | +20.89% | |
| 3Y Return (annualized) | +15.67% | +21.06% | |
| 5Y Return (annualized) | +11.36% | +12.62% | |
| Volatility (annualized) | 25.1% | 14.1% | |
| Max Drawdown | -60.4% | -34.3% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2000 | Sep 7, 2010 |
SPYV vs VOO Performance
State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is a ETF from State Street Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPYV returned +18.75% while VOO returned +20.89%. Year to date, SPYV is up 12.20% versus a gain of 12.63% for VOO.
Over three years, SPYV compounded at +15.67% per year against +21.06% for VOO; over five years the annualized figures are +11.36% and +12.62% respectively. Across the full 16-year window we track, VOO has the edge at +13.44% annualized vs +8.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 25.1% compared with 14.1% 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 -60.4% for SPYV 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYV charges 0.04% per year while VOO charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, SPYV currently yields 1.69% against 1.08% for VOO.
Holdings Overlap
SPYV and VOO share 428 holdings out of 516 unique holdings combined, representing a 57.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, SPYV or VOO?
SPYV has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SPYV or VOO?
Over the past year SPYV returned +18.75% vs +20.89% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPYV annualized +8.63% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, SPYV or VOO?
SPYV has been the more volatile fund at 25.1% annualized versus 14.1% for VOO. Worst drawdown: SPYV -60.4% vs VOO -34.3%.
Should I hold both SPYV and VOO?
SPYV and VOO have a monthly-return correlation of 0.93, 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 SPYV and VOO?
SPYV and VOO share 428 common holdings with a 57.5% weight overlap. Combined, they hold 516 unique securities.
Which pays a higher dividend, SPYV or VOO?
SPYV yields 1.69% while VOO yields 1.08%, so SPYV currently pays the higher dividend yield.
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