Which returned more over the last year, SPY or SPYD?

In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and SPYD +15.3%.

Which is cheaper, SPY or SPYD?

SPYD is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do SPY and SPYD overlap with the S&P 500?

By their latest filed holdings, 100% of SPY and 99% of SPYD by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

SPY vs SPYD: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPY returned +13.6% to SPYD's +15.3%; 6% of their weight is in the same names.

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Net assets on Oct 27, 2026: $814.8bn for SPDR S&P 500 ETF Trust and $7.5bn for State Street SPDR Portfolio S&P 500 High Dividend ETF.

SPY on its own →SPYD on its own →

At a glance

+13.6%

SPY total return, 1 year

+15.3%

SPYD total return, 1 year

0.09%

SPY expense ratio

0.07%

SPYD expense ratio

Pair scorecard

SPYD costs 0.02 points a year less; their one-year returns differ by 1.7 points; SPY is far larger, $814.8bn against $7.5bn.

SPY vs SPYD: Differences, Returns & Fees
Measure	SPY	SPYD
Return
Measure	SPY	SPYD
Total return, 1 year	+13.6%	+15.3%
Drawdown
Measure	SPY	SPYD
Below its high		4.1%, high on Aug 24, 2026
Benchmark
Measure	SPY	SPYD
What it tracks	S&P 500 Index	S&P 500 High Dividend Index
Cost and size
Measure	SPY	SPYD
Expense ratio	0.09%	0.07%
Net assets, as of Oct 27, 2026	$814.8bn	$7.5bn
Holdings
Measure	SPY	SPYD
Holdings in common	6%
Top ten holdings, share of the fund	38.1%	16.1%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Oct 30, 2015 to Oct 23, 2026 · 573 weekly returns

SPY SPYD

Return

Total return edge SPY +337.5% +168.7%

Annualized edge SPY +14.3% +9.4%

Price return edge SPY +265.5% +61.3%

Risk

Volatility edge SPY 16.8% 19.6%

Max drawdown edge SPY −31.8% −43.0%

Risk-adjusted

Sharpe edge SPY 0.75 0.44

Sortino edge SPY 1.07 0.62

Calmar edge SPY 0.45 0.22

Reading

SPY returned more: +337.5% to +168.7%. SPY swung less: 16.8% to 19.6%. SPY fell less at its worst: −31.8% to −43.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SPY vs SPYD: Differences, Returns & Fees
Measure	SPY	SPYD	Edge	How it is measured
Return
Total return	+337.5%	+168.7%	SPY	Price change plus distributions, reinvested.
Annualized	+14.3%	+9.4%	SPY	Total return as a yearly rate.
Price return	+265.5%	+61.3%	SPY	Price change alone, distributions left out.
Risk
Volatility	16.8%	19.6%	SPY	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	11.7%	13.8%	SPY	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−31.8%	−43.0%	SPY	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.75	0.44	SPY	Return above Treasury bills per unit of volatility.
Sortino	1.07	0.62	SPY	Return above Treasury bills per unit of downside deviation.
Calmar	0.45	0.22	SPY	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 573 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, SPY and SPYD hold 6% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first SPY SPYD

CHEVRON CORP 0.68% 1.54%

PEPSICO INC 0.27% 1.28%

VERIZON COMMUNICATIONS INC 0.27% 1.29%

PFIZER INC 0.26% 1.56%

ACCENTURE PLC CL A 0.22% 2.18%

AT+T INC 0.22% 1.18%

BRISTOL MYERS SQUIBB CO 0.19% 1.32%

ALTRIA GROUP INC 0.18% 1.32%

MEDTRONIC PLC 0.17% 1.49%

DUKE ENERGY CORP 0.15% 1.27%

US BANCORP 0.14% 1.21%

BLACKSTONE INC 0.13% 1.24%

Only in one fund ↓

Only in SPY

NVIDIA CORP 7.92%

APPLE INC 7.61%

MICROSOFT CORP 5.93%

AMAZON.COM INC 3.73%

ALPHABET INC CL A 2.83%

BROADCOM INC 2.45%

ALPHABET INC CL C 2.26%

META PLATFORMS INC CLASS A 2.06%

Only in SPYD

S+P500 EMINI FUT DEC26 0.00%

Check overlap with more funds →

Side by side

SPY SPDR S&P 500 ETF Trust SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF

Where it sits Stock ETF Stock ETF

Issuer State Street State Street

What it is Tracks the S&P 500 Tracks the S&P 500 High Dividend

Total return, 1 year +13.6% +15.3%

Its benchmark over the same days +13.7% (VOO) not measured

Gap to its benchmark −0.1 pts vs VOO not measured

Expense ratio 0.09% 0.07%

Already in the S&P 500 99.8% 99.3%

Holdings 504 79

Net assets, as of Oct 27, 2026 $814.8bn $7.5bn

SPY and SPYD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-4F41B67C0C

SPY and SPYD do different jobs. What does each one do in a portfolio?

What each follows. SPY follows S&P 500 Index and SPYD follows S&P 500 High Dividend Index.
Holdings in common. 6% of the weight is in the same securities (holdings dated Oct 27, 2026).
Number of holdings. SPY holds 504 positions and SPYD holds 79.

Data as of Oct 28, 2026.

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About each fund

SPY

SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.

SPYD

SPYD tracks the S&P 500 High Dividend. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 16.1%. It sat 4.1% below its high of Aug 24, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SPY or SPYD?: In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and SPYD +15.3%.
Which is cheaper, SPY or SPYD?: SPYD is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPY and SPYD overlap with the S&P 500?: By their latest filed holdings, 100% of SPY and 99% of SPYD by weight is stocks the S&P 500 already holds.

Other comparisons

SPY vs SPYV CGDV vs SPY SPY vs VTV SPY vs VLUE IVV vs SPYD SPYD vs VTI SPYD vs VOO SPYD vs SPYM

Where to next

SPY on its own →SPYD on its own →Hold both: look the portfolio through →Rankings →SPY dividend history →SPY holdings →SPYD dividend history →SPYD holdings →Standards and sources →

Sources and dates

SPY filings on SEC EDGAR ↗

State Street website ↗

SPYD filings on SEC EDGAR ↗

SPYD prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SPY against SPYD, data as of Oct 28, 2026. https://etfiq.com/compare/any/spy-vs-spyd

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.