SPYX vs VOO
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF vs Vanguard S&P 500 ETF
Which is better, SPYX or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. SPYX led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 39.3%.
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 | SPYX | VOO |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $2.8B | $997.4B |
| Dividend Yield | 0.84% | 1.04% |
| Holdings | 493 | 509 |
| YTD Return | +11.76% | +12.50%Best |
| 1Y Return | +16.60% | +17.58%Best |
| 3Y Return (annualized) | +21.15% | +21.27%Best |
| 5Y Return (annualized) | +12.34% | +12.95%Best |
| Volatility (annualized) | 15.2% | 15.1%Best |
| Max Drawdown | -33.2%Best | -34.3% |
| $10,000 over 5 years | $17,893 | $18,384Best |
| Top 10 Weight | 39.3% | 36.4%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 30, 2015 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Dec 1, 2015 to Sep 11, 2026 (10.8 years).
SPYX 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 10.8 years both funds cover.
SPYX vs VOO Performance
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) 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 SPYX returned +16.60% while VOO returned +17.58%. Year to date, SPYX is up 11.76% versus a gain of 12.50% for VOO.
Over three years, SPYX compounded at +21.15% per year against +21.27% for VOO; over five years the annualized figures are +12.34% and +12.95% respectively. Across the full 11-year window we track, SPYX has the edge at +13.57% annualized vs +13.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPYX has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 15.1% 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 -33.2% for SPYX 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 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPYX charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, SPYX currently yields 0.84% against 1.04% for VOO.
Holdings Overlap
98.6% of SPYX's money is in holdings VOO also owns. 95.2% of VOO's money is in holdings SPYX also owns.
Most of SPYX is already inside VOO. Owning both mostly buys the same companies twice.
477 positions in common, counted across the 490 positions we hold weights for in SPYX and 505 in VOO, against full books of 493 and 509.
What only one of them owns
Our book lists 22 positions for VOO that do not appear in our book for SPYX (4.4% of the fund), and 5 for SPYX that do not appear in VOO (1.1%).
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 SPYX | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 7.51% | 0.47% |
| AAPLApple, Inc | 7.06% | 6.59% | 0.47% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.69% | 4.30% | 1.39% |
| AMZNAmazon.Com Inc | 4.22% | 3.62% | 0.60% |
| GOOGLAlphabet A Usd 0.001 | 3.44% | 3.25% | 0.19% |
| AVGOBroadcom Inc | 3.08% | 2.77% | 0.31% |
| GOOGAlphabet Inc | 2.76% | 2.59% | 0.17% |
| METAMeta Platforms, Inc. | 2.01% | 1.92% | 0.09% |
| MUMicron Technology, Inc. | 1.56% | 2.02% | 0.46% |
| TSLATesla Inc | 1.43% | 1.84% | 0.41% |
98.6% of SPYX 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, SPYX or VOO?
SPYX has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, SPYX or VOO?
Over the past year SPYX returned +16.60% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), SPYX annualized +13.57% vs +13.54% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYX or VOO?
SPYX has been the more volatile fund at 15.2% annualized versus 15.1% for VOO. Worst drawdown: SPYX -33.2% vs VOO -34.3%.
Should I hold both SPYX and VOO?
SPYX and VOO have a monthly-return correlation of 1.00, 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 SPYX and VOO?
98.6% of SPYX's money is in holdings VOO also owns. 95.2% of VOO's is in holdings SPYX also owns. They hold 477 positions in common, counted across the 490 positions we hold weights for in SPYX and 505 in VOO.
Which pays a higher dividend, SPYX or VOO?
SPYX yields 0.84% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than SPYX?
VOO has a lower expense ratio. SPYX led over the full window, VOO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 1.00. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 39.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.