SPYV vs VOO
State Street SPDR Portfolio S&P 500 Value ETF vs Vanguard S&P 500 ETF
Which is better, SPYV or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 37.6%.
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 | SPYV | VOO |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $36.6B | $997.4B |
| Dividend Yield | 1.65% | 1.04% |
| Holdings | 440 | 509 |
| YTD Return | +9.95% | +13.31%Best |
| 1Y Return | +14.60% | +17.07%Best |
| 3Y Return (annualized) | +15.96% | +22.72%Best |
| 5Y Return (annualized) | +11.32% | +13.19%Best |
| Volatility (annualized) | 14.4% | 14.1%Best |
| Max Drawdown | -37.5% | -34.3%Best |
| $10,000 over 5 years | $17,095 | $18,580Best |
| Top 10 Weight | 23.7%Best | 37.6% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 25, 2000 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 23, 2026 (16 years).
SPYV 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 16 years both funds cover.
SPYV vs VOO Performance
State Street SPDR Portfolio S&P 500 Value ETF (SPYV) 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 SPYV returned +14.60% while VOO returned +17.07%. Year to date, SPYV is up 9.95% versus a gain of 13.31% for VOO.
Over three years, SPYV compounded at +15.96% per year against +22.72% for VOO; over five years the annualized figures are +11.32% and +13.19% respectively. Across the full 16-year window we track, VOO has the edge at +13.43% annualized vs +10.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 14.4% 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 -37.5% for SPYV 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 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 1.65% against 1.04% for VOO.
Holdings Overlap
96.6% of SPYV's money is in holdings VOO also owns. 60.0% of VOO's money is in holdings SPYV also owns.
Most of SPYV is already inside VOO. Owning both mostly buys the same companies twice.
419 positions in common, counted across the 439 positions we hold weights for in SPYV and 494 in VOO, against full books of 440 and 509.
What only one of them owns
Our book lists 72 positions for VOO that do not appear in our book for SPYV (39.3% of the fund), and 16 for SPYV that do not appear in VOO (2.4%).
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 SPYV | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.94% | 7.05% | 0.89% |
| AMZNAmazon.Com Inc | 3.90% | 4.13% | 0.23% |
| XOMExxon Mobil Corp. | 2.27% | 1.00% | 1.27% |
| TSLATesla Inc | 1.27% | 1.36% | 0.09% |
| JPMJpmorgan Chase | 1.01% | 1.46% | 0.45% |
| WMTWalmart, Inc. | 1.54% | 0.76% | 0.78% |
| INTCIntel Corporation | 1.46% | 0.66% | 0.80% |
| COSTCostco Wholesale Corp. | 1.39% | 0.66% | 0.73% |
| CVXChevron Corp | 1.31% | 0.57% | 0.74% |
| VVisa Inc Class A | 0.93% | 0.93% | 0.00% |
96.6% of SPYV 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, SPYV or VOO?
SPYV has an expense ratio of 0.04% while VOO charges 0.03%. VOO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SPYV or VOO?
Over the past year SPYV returned +14.60% vs +17.07% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), SPYV annualized +10.19% vs +13.43% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYV or VOO?
SPYV has been the more volatile fund at 14.4% annualized versus 14.1% for VOO. Worst drawdown: SPYV -37.5% 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. 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 SPYV and VOO?
96.6% of SPYV's money is in holdings VOO also owns. 60.0% of VOO's is in holdings SPYV also owns. They hold 419 positions in common, counted across the 439 positions we hold weights for in SPYV and 494 in VOO.
Which pays a higher dividend, SPYV or VOO?
SPYV yields 1.65% while VOO yields 1.04%, so SPYV currently pays the higher dividend yield.
Is VOO better than SPYV?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.