SPYV vs VTI
State Street SPDR Portfolio S&P 500 Value ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | SPYV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.03% | |
| AUM | $36.8B | $666.9B | |
| Dividend Yield | 1.69% | 1.07% | |
| Holdings | 440 | 3,543 | |
| YTD Return | +12.41% | +13.14% | |
| 1Y Return | +20.03% | +22.35% | |
| 3Y Return (annualized) | +16.38% | +21.83% | |
| 5Y Return (annualized) | +11.63% | +12.01% | |
| Volatility (annualized) | 25.1% | 15.3% | |
| Max Drawdown | -60.4% | -56.6% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 25, 2000 | May 24, 2001 |
SPYV vs VTI Performance
State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is a ETF from State Street Investment Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPYV returned +20.03% while VTI returned +22.35%. Year to date, SPYV is up 12.41% versus a gain of 13.14% for VTI.
Over three years, SPYV compounded at +16.38% per year against +21.83% for VTI; over five years the annualized figures are +11.63% and +12.01% respectively. Across the full 25-year window we track, SPYV has the edge at +8.65% annualized vs +8.09%. 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 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.69% against 1.07% for VTI.
Holdings Overlap
SPYV and VTI share 399 holdings out of 2827 unique holdings combined, representing a 50.3% weight overlap.
High overlap means holding both may not provide much additional diversification.
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. On a $10,000 investment, that is $1 per year of difference.
Which performed better, SPYV or VTI?
Over the past year SPYV returned +20.03% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (25 years), SPYV annualized +8.65% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, SPYV or VTI?
SPYV has been the more volatile fund at 25.1% 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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPYV and VTI?
SPYV and VTI share 399 common holdings with a 50.3% weight overlap. Combined, they hold 2827 unique securities.
Which pays a higher dividend, SPYV or VTI?
SPYV yields 1.69% while VTI yields 1.07%, so SPYV currently pays the higher dividend yield.
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