SPYV vs VTI
State Street SPDR Portfolio S&P 500 Value ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, SPYV or VTI?
Large Cap Value against Large Cap Blend.
VTI has a lower expense ratio. SPYV led over 1Y and the full window, VTI over 3Y and 5Y. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 33.3%.
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 | VTI |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $36.6B | $666.9B |
| Dividend Yield | 1.65% | 1.03% |
| Holdings | 440 | 3,543 |
| YTD Return | +10.09% | +11.06%Best |
| 1Y Return | +15.96%Best | +15.41% |
| 3Y Return (annualized) | +14.97% | +20.48%Best |
| 5Y Return (annualized) | +11.36% | +11.52%Best |
| Volatility (annualized) | 25.3% | 15.3%Best |
| Max Drawdown | -60.4% | -56.6%Best |
| $10,000 over 5 years | $17,126 | $17,249Best |
| Top 10 Weight | 23.7%Best | 33.3% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 25, 2000 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: May 31, 2001 to Sep 16, 2026 (25.3 years).
SPYV 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 25.3 years both funds cover.
SPYV vs VTI Performance
State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an ETF from State Street Investment Management and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year SPYV returned +15.96% while VTI returned +15.41%. Year to date, SPYV is up 10.09% versus a gain of 11.06% for VTI.
Over three years, SPYV compounded at +14.97% per year against +20.48% for VTI; over five years the annualized figures are +11.36% and +11.52% respectively. Across the full 25-year window we track, SPYV has the edge at +8.72% annualized vs +7.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 25.3% compared with 15.3% for VTI. 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 -56.6% 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 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SPYV charges 0.04% per year while VTI 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 1.03% for VTI.
Holdings Overlap
97.2% of SPYV's money is in holdings VTI also owns. 53.8% of VTI's money is in holdings SPYV also owns.
Most of SPYV is already inside VTI. Owning both mostly buys the same companies twice.
429 positions in common, counted across the 439 positions we hold weights for in SPYV and 3,463 in VTI, against full books of 440 and 3,543.
What only one of them owns
Our book lists 726 positions for VTI that do not appear in our book for SPYV (43.8% of the fund), and 6 for SPYV that do not appear in VTI (1.8%).
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 VTI | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.94% | 6.29% | 1.65% |
| AMZNAmazon.Com Inc | 3.90% | 3.65% | 0.25% |
| XOMExxon Mobil Corp. | 2.27% | 0.89% | 1.38% |
| TSLATesla Inc | 1.27% | 1.22% | 0.05% |
| JPMJpmorgan Chase | 1.01% | 1.31% | 0.30% |
| WMTWalmart, Inc. | 1.54% | 0.68% | 0.86% |
| COSTCostco Wholesale Corp. | 1.39% | 0.59% | 0.80% |
| INTCIntel Corporation | 1.46% | 0.50% | 0.96% |
| CVXChevron Corp | 1.31% | 0.52% | 0.79% |
| VVisa Inc Class A | 0.93% | 0.83% | 0.10% |
97.2% of SPYV 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, SPYV or VTI?
SPYV has an expense ratio of 0.04% while VTI charges 0.03%. VTI is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, SPYV or VTI?
Over the past year SPYV returned +15.96% vs +15.41% for VTI, so SPYV leads on 1-year performance. Over the longest common window we track (25 years), SPYV annualized +8.72% vs +7.99% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYV or VTI?
SPYV has been the more volatile fund at 25.3% annualized versus 15.3% for VTI. Worst drawdown: SPYV -60.4% vs VTI -56.6%.
Should I hold both SPYV and VTI?
SPYV and VTI have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPYV and VTI?
97.2% of SPYV's money is in holdings VTI also owns. 53.8% of VTI's is in holdings SPYV also owns. They hold 429 positions in common, counted across the 439 positions we hold weights for in SPYV and 3,463 in VTI.
Which pays a higher dividend, SPYV or VTI?
SPYV yields 1.65% while VTI yields 1.03%, so SPYV currently pays the higher dividend yield.
Is VTI better than SPYV?
VTI has a lower expense ratio. SPYV led over 1Y and the full window, VTI over 3Y and 5Y. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.