Data as of Oct 28, 2026.
SPYG vs VLUE: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPYG returned +12.2% to VLUE's +54.7%; 5% of their weight is in the same names.
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Net assets: $55.9bn on Oct 27, 2026 for State Street SPDR Portfolio S&P 500 Growth ETF, and $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.
Pair scorecard
SPYG costs 0.11 points a year less; their one-year returns differ by 42.5 points; SPYG is 6.0 times larger.
| Measure | SPYG | VLUE |
|---|---|---|
| Return | ||
| Total return, 1 year | +12.2% | +54.7% |
| Drawdown | ||
| Below its high | 4.1%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 Growth Index | MSCI USA Enhanced Value Index |
| Cost and size | ||
| Expense ratio | 0.04% | 0.15% |
| Net assets, as of Oct 27, 2026 | $55.9bn | $9.3bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 59.6% | 42.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 26, 2013 to Oct 23, 2026 · 704 weekly returnsEach against its own benchmark: SPYG against IVW, Oct 13, 2000 to Oct 23, 2026; VLUE against MLRG, Apr 26, 2013 to Oct 23, 2026.
SPYG returned more: +667.3% to +429.0%. SPYG swung slightly less: 17.8% to 18.3%. SPYG fell less at its worst: −31.9% to −37.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SPYG | VLUE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +667.3% | +429.0% | SPYG | Price change plus distributions, reinvested. |
| Annualized | +16.2% | +13.1% | SPYG | Total return as a yearly rate. |
| Price return | +554.3% | +280.4% | SPYG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.8% | 18.3% | SPYG (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.0% | 12.7% | SPYG (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.9% | −37.5% | SPYG | Deepest fall from a high to the low after it. |
| Upside capture | 104.2% | 96.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 103.2% | 98.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.05 | 1.00 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.92 | 0.79 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.83 | 0.66 | SPYG | Return above Treasury bills per unit of volatility. |
| Sortino | 1.23 | 0.95 | SPYG | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.074 | 0.121 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.51 | 0.35 | SPYG | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVW | MLRG | The ETF each fund is measured against. | |
| Alpha | −1.1% a year | −0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −1.00 | −0.07 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.2% to +1.1% | −4.7% to +4.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.11 | −0.01 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 5.6% | 8.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 704 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPYG and VLUE hold 5% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
5% in common
Only in one fund ↓
Side by side
SPYG and VLUE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPYG and VLUE do different jobs. What does each one do in a portfolio?
- What each follows. SPYG follows S&P 500 Growth Index and VLUE follows MSCI USA Enhanced Value Index.
- Holdings in common. 5% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SPYG returned +12.2% and VLUE +54.7% with distributions reinvested, a gap of 42.5 points.
Data as of Oct 28, 2026.
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SPYG
SPYG tracks the S&P 500 Growth. Over the year to Oct 28, 2026 it returned +12.2% with distributions reinvested, against +12.1% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% 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 152 positions, with the top ten at 59.6%. It sat 4.1% below its high of Oct 6, 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, SPYG or VLUE?
- In the year to Oct 28, 2026, with distributions reinvested, SPYG returned +12.2% and VLUE +54.7%.
- Which is cheaper, SPYG or VLUE?
- SPYG is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SPYG against VLUE, data as of Oct 28, 2026. https://etfiq.com/compare/any/spyg-vs-vlue
ETFIQ. (Oct 28, 2026). SPYG against VLUE. Retrieved from https://etfiq.com/compare/any/spyg-vs-vlue
[SPYG against VLUE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/spyg-vs-vlue)
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