Data as of Oct 28, 2026.
SPY vs VEA: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPY returned +13.6% to VEA's +17.1%; 0% of their weight is in the same names.
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Net assets: $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust, and $231.6bn on Sep 30, 2026 for Vanguard FTSE Developed Markets ETF.
Pair scorecard
VEA costs 0.06 points a year less; their one-year returns differ by 3.5 points; SPY is 3.5 times larger.
| Measure | SPY | VEA |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.6% | +17.1% |
| Drawdown | ||
| Below its high | 4.4%, high on Aug 25, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 Index | FTSE Developed All Cap ex US Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.03% |
| Net assets, as of Sep 30, 2026 | $809.2bn | $231.6bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 38.1% | 13.6% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Aug 3, 2007 to Oct 23, 2026 · 1,003 weekly returnsSPY returned more: +651.8% to +160.9%. SPY swung slightly less: 18.2% to 19.5%. SPY fell slightly less at its worst: −54.6% to −59.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPY | VEA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +651.8% | +160.9% | SPY | Price change plus distributions, reinvested. |
| Annualized | +11.0% | +5.1% | SPY | Total return as a yearly rate. |
| Price return | +428.5% | +46.4% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.2% | 19.5% | SPY (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.8% | 14.2% | SPY (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −54.6% | −59.0% | SPY (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.59 | 0.28 | SPY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.83 | 0.38 | SPY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.20 | 0.09 | SPY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,003 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPY and VEA hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
SPY and VEA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPY and VEA do different jobs. What does each one do in a portfolio?
- What each follows. SPY follows S&P 500 Index and VEA follows FTSE Developed All Cap ex US Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPY returned +13.6% and VEA +17.1% with distributions reinvested, a gap of 3.5 points.
Data as of Oct 28, 2026.
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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%.
VEA
VEA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,906 positions, with the top ten at 13.6%. It sat 4.4% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SPY or VEA?
- In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and VEA +17.1%.
- Which is cheaper, SPY or VEA?
- VEA is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, SPY against VEA, data as of Oct 28, 2026. https://etfiq.com/compare/any/spy-vs-vea
ETFIQ. (Oct 28, 2026). SPY against VEA. Retrieved from https://etfiq.com/compare/any/spy-vs-vea
[SPY against VEA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spy-vs-vea)
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