SSPY vs VOO
Stratified LargeCap Index ETF vs Vanguard S&P 500 ETF
Which is better, SSPY or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. SSPY is less concentrated, with 8.7% of the fund in its ten largest positions against 36.4%.
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 | SSPY | VOO |
|---|---|---|
| Expense Ratio | 0.45% | 0.03%Best |
| AUM | $131M | $997.4B |
| Dividend Yield | 1.20% | 1.04% |
| Holdings | 507 | 509 |
| YTD Return | +13.15%Best | +12.50% |
| 1Y Return | +15.88% | +17.58%Best |
| 3Y Return (annualized) | +14.61% | +21.27%Best |
| 5Y Return (annualized) | +9.18% | +12.95%Best |
| Volatility (annualized) | 16.9% | 16.3%Best |
| Max Drawdown | -36.7% | -34.3%Best |
| $10,000 over 5 years | $15,514 | $18,384Best |
| Top 10 Weight | 8.7%Best | 36.4% |
| Fund Family | Syntax Stratified | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jan 2, 2019 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Jan 4, 2019 to Sep 11, 2026 (7.7 years).
SSPY 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 7.7 years both funds cover.
SSPY vs VOO Performance
Stratified LargeCap Index ETF (SSPY) is an ETF from Syntax Stratified and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year SSPY returned +15.88% while VOO returned +17.58%. Year to date, SSPY is up 13.15% versus a gain of 12.50% for VOO.
Over three years, SSPY compounded at +14.61% per year against +21.27% for VOO; over five years the annualized figures are +9.18% and +12.95% respectively. Across the full 8-year window we track, VOO has the edge at +16.69% annualized vs +13.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SSPY has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.3% 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 -36.7% for SSPY 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SSPY charges 0.45% per year while VOO charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, SSPY currently yields 1.20% against 1.04% for VOO.
Holdings Overlap
97.7% of SSPY's money is in holdings VOO also owns. 99.4% of VOO's money is in holdings SSPY also owns.
Most of VOO is already inside SSPY. Owning both mostly buys the same companies twice.
The two holdings books were reported 49 days apart, SSPY as of Aug 18, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
496 positions in common, counted across the 505 positions we hold weights for in SSPY and 505 in VOO, against full books of 507 and 509.
What only one of them owns
Our book lists 5 positions for VOO that do not appear in our book for SSPY (0.3% of the fund), and 4 for SSPY 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 SSPY | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.12% | 7.51% | 7.39% |
| AAPLApple, Inc | 0.53% | 6.59% | 6.06% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 1.24% | 4.30% | 3.06% |
| AMZNAmazon.Com Inc | 0.26% | 3.62% | 3.36% |
| GOOGLAlphabet A Usd 0.001 | 0.32% | 3.25% | 2.93% |
| AVGOBroadcom Inc | 0.33% | 2.77% | 2.44% |
| GOOGAlphabet Inc | 0.32% | 2.59% | 2.27% |
| METAMeta Platforms, Inc. | 0.64% | 1.92% | 1.28% |
| TSLATesla Inc | 0.31% | 1.84% | 1.53% |
| MUMicron Technology, Inc. | 0.11% | 2.02% | 1.91% |
99.4% of VOO is already inside SSPY.
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, SSPY or VOO?
SSPY has an expense ratio of 0.45% while VOO charges 0.03%. VOO is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, SSPY or VOO?
Over the past year SSPY returned +15.88% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), SSPY annualized +13.59% vs +16.69% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SSPY or VOO?
SSPY has been the more volatile fund at 16.9% annualized versus 16.3% for VOO. Worst drawdown: SSPY -36.7% vs VOO -34.3%.
Should I hold both SSPY and VOO?
SSPY and VOO have a monthly-return correlation of 0.93, 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 SSPY and VOO?
99.4% of VOO's money is in holdings SSPY also owns. 99.4% of VOO's is in holdings SSPY also owns. They hold 496 positions in common, counted across the 505 positions we hold weights for in SSPY and 505 in VOO.
Which pays a higher dividend, SSPY or VOO?
SSPY yields 1.20% while VOO yields 1.04%, so SSPY currently pays the higher dividend yield.
Is VOO better than SSPY?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. SSPY is less concentrated, with 8.7% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.