SPYV vs VYM
State Street SPDR Portfolio S&P 500 Value ETF vs Vanguard High Dividend Yield ETF
Which is better, SPYV or VYM?
Each has led over a different period.
SPYV led over 1Y, VYM over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 26.1%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.04%Tie | 0.04%Tie |
| AUM | $36.6B | $81.6B |
| Dividend Yield | 1.65% | 2.22% |
| Holdings | 440 | 613 |
| YTD Return | +9.95% | +10.23%Best |
| 1Y Return | +14.60%Best | +14.28% |
| 3Y Return (annualized) | +15.96% | +17.50%Best |
| 5Y Return (annualized) | +11.32% | +11.60%Best |
| Volatility (annualized) | 15.6% | 14.6%Best |
| Max Drawdown | -60.4% | -58.8%Best |
| $10,000 over 5 years | $17,095 | $17,311Best |
| Top 10 Weight | 23.7%Best | 26.1% |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 25, 2000 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Nov 16, 2006 to Sep 23, 2026 (19.9 years).
SPYV vs VYM 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 19.9 years both funds cover.
SPYV vs VYM Performance
State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an ETF from State Street Investment Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year SPYV returned +14.60% while VYM returned +14.28%. Year to date, SPYV is up 9.95% versus a gain of 10.23% for VYM.
Over three years, SPYV compounded at +15.96% per year against +17.50% for VYM; over five years the annualized figures are +11.32% and +11.60% respectively. Across the full 20-year window we track, VYM has the edge at +6.76% annualized vs +6.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYV has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.6% for VYM. 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 -58.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. 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 VYM charges 0.04%. On a $10,000 position that is $4 vs $4 annually. On income, SPYV currently yields 1.65% against 2.22% for VYM.
Holdings Overlap
55.0% of SPYV's money is in holdings VYM also owns. 79.1% of VYM's money is in holdings SPYV also owns.
Most of VYM is already inside SPYV. Owning both mostly buys the same companies twice.
241 positions in common, counted across the 439 positions we hold weights for in SPYV and 557 in VYM, against full books of 440 and 613.
What only one of them owns
Our book lists 289 positions for VYM that do not appear in our book for SPYV (18.6% of the fund), and 193 for SPYV that do not appear in VYM (44.3%).
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 VYM | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 2.27% | 2.63% | 0.36% |
| JPMJpmorgan Chase | 1.01% | 3.82% | 2.81% |
| JNJJohnson & Johnson - Common | 0.89% | 2.51% | 1.62% |
| CVXChevron Corp | 1.31% | 1.48% | 0.17% |
| UNHUnitedhealth Group, Inc. | 1.20% | 1.52% | 0.32% |
| ABBVAbbvie Inc. | 0.82% | 1.80% | 0.98% |
| MRKMerck & Company Inc | 1.23% | 1.31% | 0.08% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.68% | 1.86% | 1.18% |
| PGProcter & Gamble Company | 1.13% | 1.37% | 0.24% |
| HDHome Depot Inc/The | 1.06% | 1.34% | 0.28% |
79.1% of VYM is already inside SPYV.
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 VYM?
SPYV has an expense ratio of 0.04% while VYM charges 0.04%. At the precision these are quoted to, they cost the same.
Which performed better, SPYV or VYM?
Over the past year SPYV returned +14.60% vs +14.28% for VYM, so SPYV leads on 1-year performance. Over the longest common window we track (20 years), SPYV annualized +6.34% vs +6.76% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYV or VYM?
SPYV has been the more volatile fund at 15.6% annualized versus 14.6% for VYM. Worst drawdown: SPYV -60.4% vs VYM -58.8%.
Should I hold both SPYV and VYM?
SPYV and VYM have a monthly-return correlation of 0.97, 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 VYM?
79.1% of VYM's money is in holdings SPYV also owns. 79.1% of VYM's is in holdings SPYV also owns. They hold 241 positions in common, counted across the 439 positions we hold weights for in SPYV and 557 in VYM.
Which pays a higher dividend, SPYV or VYM?
SPYV yields 1.65% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPYV?
SPYV led over 1Y, VYM over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.97. SPYV is less concentrated, with 23.7% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.