Data as of Oct 28, 2026.
SPY vs VTV: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPY returned +13.6% to VTV's +23.5%; 42% 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 $184.2bn on Sep 30, 2026 for Vanguard Morningstar Value ETF.
Pair scorecard
VTV costs 0.06 points a year less; their one-year returns differ by 9.9 points; SPY is 4.4 times larger.
| Measure | SPY | VTV |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.6% | +23.5% |
| Benchmark | ||
| What it tracks | S&P 500 Index | Morningstar US Large Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.03% |
| Net assets, as of Sep 30, 2026 | $809.2bn | $184.2bn |
| Holdings | ||
| Holdings in common | 42% | |
| Top ten holdings, share of the fund | 38.1% | 23.6% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returnsSPY returned more: +906.1% to +716.5%. SPY and VTV swung about the same: 17.2% and 17.2%. SPY fell slightly less at its worst: −54.6% to −59.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPY | VTV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +906.1% | +716.5% | SPY | Price change plus distributions, reinvested. |
| Annualized | +10.7% | +9.7% | SPY (slight) | Total return as a yearly rate. |
| Price return | +564.0% | +353.0% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.2% | 17.2% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.2% | 12.2% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −54.6% | −59.1% | SPY (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.57 | 0.52 | SPY (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.81 | 0.73 | SPY (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.20 | 0.16 | SPY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPY and VTV hold 42% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
42% in common
Only in one fund ↓
Side by side
SPY and VTV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPY and VTV do different jobs. What does each one do in a portfolio?
- What each follows. SPY follows S&P 500 Index and VTV follows Morningstar US Large Cap Value Index.
- Holdings in common. 42% 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 VTV +23.5% with distributions reinvested, a gap of 9.9 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%.
VTV
VTV tracks an index of US value. Over the year to Oct 28, 2026 it returned +23.5% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 300 positions, with the top ten at 23.6%.
Questions people ask
- Which returned more over the last year, SPY or VTV?
- In the year to Oct 28, 2026, with distributions reinvested, SPY returned +13.6% and VTV +23.5%.
- Which is cheaper, SPY or VTV?
- VTV 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.
Cite this pageCitation, APA and Markdown
ETFIQ, SPY against VTV, data as of Oct 28, 2026. https://etfiq.com/compare/any/spy-vs-vtv
ETFIQ. (Oct 28, 2026). SPY against VTV. Retrieved from https://etfiq.com/compare/any/spy-vs-vtv
[SPY against VTV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spy-vs-vtv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.