Data as of Oct 28, 2026.
SPYD vs VLUE: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPYD returned +15.3% to VLUE's +54.7%; 18% of their weight is in the same names.
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Net assets: $7.5bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 High Dividend ETF, and $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.
Pair scorecard
SPYD costs 0.08 points a year less; their one-year returns differ by 39.4 points; VLUE is 1.2 times larger.
| Measure | SPYD | VLUE |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.3% | +54.7% |
| Drawdown | ||
| Below its high | 4.1%, high on Aug 24, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 High Dividend Index | MSCI USA Enhanced Value Index |
| Cost and size | ||
| Expense ratio | 0.07% | 0.15% |
| Net assets, as of Oct 27, 2026 | $7.5bn | $9.3bn |
| Holdings | ||
| Holdings in common | 18% | |
| Top ten holdings, share of the fund | 16.1% | 42.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 30, 2015 to Oct 23, 2026 · 573 weekly returnsVLUE returned more: +298.3% to +168.7%. SPYD and VLUE swung about the same: 19.6% and 19.5%. VLUE fell less at its worst: −37.5% to −43.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPYD | VLUE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +168.7% | +298.3% | VLUE | Price change plus distributions, reinvested. |
| Annualized | +9.4% | +13.4% | VLUE | Total return as a yearly rate. |
| Price return | +61.3% | +200.3% | VLUE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.6% | 19.5% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 13.6% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −43.0% | −37.5% | VLUE | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.62 | VLUE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.89 | VLUE | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.36 | VLUE | 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, SPYD and VLUE hold 18% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
18% in common
Only in one fund ↓
Side by side
SPYD and VLUE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPYD and VLUE are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SPYD follows S&P 500 High Dividend Index and VLUE follows MSCI USA Enhanced Value Index.
- Holdings in common. 18% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPYD returned +15.3% and VLUE +54.7% with distributions reinvested, a gap of 39.4 points.
Data as of Oct 28, 2026.
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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.
VLUE
VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 42.8%.
Questions people ask
- Which returned more over the last year, SPYD or VLUE?
- In the year to Oct 28, 2026, with distributions reinvested, SPYD returned +15.3% and VLUE +54.7%.
- Which is cheaper, SPYD or VLUE?
- SPYD is cheaper, by 0.08 percentage points a year. That is about $8 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, SPYD against VLUE, data as of Oct 28, 2026. https://etfiq.com/compare/any/spyd-vs-vlue
ETFIQ. (Oct 28, 2026). SPYD against VLUE. Retrieved from https://etfiq.com/compare/any/spyd-vs-vlue
[SPYD against VLUE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spyd-vs-vlue)
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