SPYX vs VYM
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF vs Vanguard High Dividend Yield ETF
Which is better, SPYX or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. SPYX led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 39.1%.
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 | SPYX | VYM |
|---|---|---|
| Expense Ratio | 0.20% | 0.04%Best |
| AUM | $2.8B | $81.6B |
| Dividend Yield | 0.84% | 2.22% |
| Holdings | 493 | 613 |
| YTD Return | +11.63%Best | +11.35% |
| 1Y Return | +15.67%Best | +15.34% |
| 3Y Return (annualized) | +21.25%Best | +17.22% |
| 5Y Return (annualized) | +12.86%Best | +12.30% |
| Volatility (annualized) | 15.2% | 13.9%Best |
| Max Drawdown | -33.2%Best | -35.7% |
| $10,000 over 5 years | $18,311Best | $17,861 |
| Top 10 Weight | 39.1% | 26.1%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 30, 2015 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Dec 1, 2015 to Sep 18, 2026 (10.8 years).
SPYX 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 10.8 years both funds cover.
SPYX vs VYM Performance
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) 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 SPYX returned +15.67% while VYM returned +15.34%. Year to date, SPYX is up 11.63% versus a gain of 11.35% for VYM.
Over three years, SPYX compounded at +21.25% per year against +17.22% for VYM; over five years the annualized figures are +12.86% and +12.30% respectively. Across the full 11-year window we track, SPYX has the edge at +13.53% annualized vs +9.71%.
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 13.9% 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 -33.2% for SPYX and -35.7% 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPYX charges 0.20% per year while VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, SPYX currently yields 0.84% against 2.22% for VYM.
Holdings Overlap
32.4% of SPYX's money is in holdings VYM also owns. 83.2% of VYM's money is in holdings SPYX also owns.
Most of VYM is already inside SPYX. Owning both mostly buys the same companies twice.
239 positions in common, counted across the 489 positions we hold weights for in SPYX and 557 in VYM, against full books of 493 and 613.
What only one of them owns
Our book lists 291 positions for VYM that do not appear in our book for SPYX (14.6% of the fund), and 244 for SPYX that do not appear in VYM (67.2%).
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 VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.74% | 7.35% | 4.61% |
| JPMJpmorgan Chase | 1.49% | 3.82% | 2.33% |
| JNJJohnson & Johnson - Common | 1.00% | 2.51% | 1.51% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.68% | 1.86% | 1.18% |
| ABBVAbbvie Inc. | 0.71% | 1.80% | 1.09% |
| UNHUnitedhealth Group, Inc. | 0.55% | 1.52% | 0.97% |
| CATCaterpillar, Inc. | 0.57% | 1.50% | 0.93% |
| KOCoca Cola Co. | 0.54% | 1.38% | 0.84% |
| PGProcter & Gamble Company | 0.53% | 1.37% | 0.84% |
| MRKMerck & Company Inc | 0.57% | 1.31% | 0.74% |
83.2% of VYM is already inside SPYX.
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 VYM?
SPYX has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, SPYX or VYM?
Over the past year SPYX returned +15.67% vs +15.34% for VYM, so SPYX leads on 1-year performance. Over the longest common window we track (11 years), SPYX annualized +13.53% vs +9.71% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPYX or VYM?
SPYX has been the more volatile fund at 15.2% annualized versus 13.9% for VYM. Worst drawdown: SPYX -33.2% vs VYM -35.7%.
Should I hold both SPYX and VYM?
SPYX and VYM have a monthly-return correlation of 0.87, 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 SPYX and VYM?
83.2% of VYM's money is in holdings SPYX also owns. 83.2% of VYM's is in holdings SPYX also owns. They hold 239 positions in common, counted across the 489 positions we hold weights for in SPYX and 557 in VYM.
Which pays a higher dividend, SPYX or VYM?
SPYX yields 0.84% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than SPYX?
VYM has a lower expense ratio. SPYX led over 1Y, 3Y, 5Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 39.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.