Data as of Oct 28, 2026.

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SPYG vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPYG returned +12.2% to VOO's +13.7%; 68% 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 $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

At a glance
+12.2%
SPYG total return, 1 year
+13.7%
VOO total return, 1 year
0.04%
SPYG expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 0.01 points a year less; their one-year returns differ by 1.5 points; VOO is 17.7 times larger.

SPYG vs VOO: Differences, Returns & Fees
MeasureSPYGVOO
Return
Total return, 1 year+12.2%+13.7%
Drawdown
Below its high4.1%, high on Oct 6, 2026
Benchmark
What it tracksS&P 500 Growth IndexS&P 500 Index
Cost and size
Expense ratio0.04%0.03%
Net assets, as of Sep 30, 2026$56.6bn$1.0tn
Holdings
Holdings in common68%
Top ten holdings, share of the fund59.6%39.1%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
SPYG VOO
Return
Total return edge SPYG +1,058.0% +804.0%
Annualized edge SPYG +16.4% +14.6%
Price return edge SPYG +848.5% +575.9%
Risk
Volatility edge VOO (slight) 17.5% 15.9%
Max drawdown edge Tie −31.9% −31.8%
Downside capture 103.2% 99.9%
Beta 1.05 1.00
Risk-adjusted
Sharpe edge SPYG (slight) 0.86 0.84
Sortino edge SPYG (slight) 1.29 1.22
Treynor 0.074 0.134
Calmar edge SPYG 0.51 0.46
Against the benchmark
Alpha −1.1% a year 0.0% a year
Alpha t-stat −1.00 0.51
Information ratio −0.11 0.02
Tracking error 5.6% 0.4%

Each against its own benchmark: SPYG against IVW, Oct 13, 2000 to Oct 23, 2026; VOO against IVV, Sep 17, 2010 to Oct 23, 2026.

Reading

SPYG returned more: +1,058.0% to +804.0%. VOO swung slightly less: 15.9% to 17.5%. SPYG and VOO fell about the same at their worst: −31.9% and −31.8%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: SPYG vs VOO: Differences, Returns & Fees
MeasureSPYGVOOEdgeHow it is measured
Return
Total return+1,058.0%+804.0%SPYGPrice change plus distributions, reinvested.
Annualized+16.4%+14.6%SPYGTotal return as a yearly rate.
Price return+848.5%+575.9%SPYGPrice change alone, distributions left out.
Risk
Volatility17.5%15.9%VOO (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation11.7%10.9%VOO (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−31.9%−31.8%TieDeepest fall from a high to the low after it.
Upside capture104.2%99.8%Share of its benchmark's rise caught in the weeks it rose.
Downside capture103.2%99.9%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.051.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.921.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.860.84SPYG (slight)Return above Treasury bills per unit of volatility.
Sortino1.291.22SPYG (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.0740.134Return above Treasury bills per unit of beta.
Calmar0.510.46SPYGAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkIVWIVVThe ETF each fund is measured against.
Alpha−1.1% a year0.0% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat−1.000.51Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−3.2% to +1.1%−0.1% to +0.2%Includes zeroThe 95% range for the yearly alpha.
Information ratio−0.110.02Return against its benchmark per unit of tracking error.
Tracking error5.6%0.4%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

68%

By the books each fund has filed, SPYG and VOO hold 68% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

68% in common

Positions both hold · largest shared weight first SPYG VOO
NVIDIA CORP 14.61% 8.40%
APPLE INC 7.01% 7.39%
MICROSOFT CORP 10.93% 5.79%
AMAZON.COM INC 3.65% 3.72%
ALPHABET INC CL A 5.21% 3.07%
BROADCOM INC 4.51% 2.54%
ALPHABET INC CL C 4.17% 2.46%
META PLATFORMS INC CLASS A 3.79% 2.43%
MICRON TECHNOLOGY INC 2.90% 1.83%
TESLA INC 1.97% 1.52%
ADVANCED MICRO DEVICES 2.53% 1.52%
BERKSHIRE HATHAWAY INC CL B 2.80% 1.41%
Only in one fund ↓
Only in SPYG
TWILIO INC A 0.11%
Only in VOO
ExxonMobil Holdings Corp 1.02%
Intel Corp 0.91%
Walmart Inc 0.70%
Costco Wholesale Corp 0.61%
Chevron Corp 0.61%
Merck & Co Inc 0.55%
Bank of America Corp 0.54%
Procter & Gamble Co 0.51%
Check overlap with more funds →

Side by side

SPYG State Street SPDR Portfolio S&P 500 Growth ETF VOO Vanguard S&P 500 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P 500 Growth Tracks the S&P 500
Total return, 1 year +12.2% +13.7%
Its benchmark over the same days +12.1% (IVW) +13.7% (IVV)
Gap to its benchmark +0.1 pts vs IVW 0.0 pts vs IVV
Expense ratio 0.04% 0.03%
Already in the S&P 500 100.0% 99.7%
Holdings 152 507
Net assets, SPYG as of Oct 27, 2026 and VOO as of Sep 30, 2026 $55.9bn $1.0tn

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

Client brief · page 1 of 2 Report BR-96BA7B3E0D

SPYG and VOO do different jobs. What does each one do in a portfolio?

  1. What each follows. SPYG follows S&P 500 Growth Index and VOO follows S&P 500 Index.
  2. Number of holdings. SPYG holds 152 positions and VOO holds 507.
  3. Size. SPYG has $56.6bn in net assets and VOO $1.0tn (net assets, as of Sep 30, 2026); VOO is 17.7 times larger.

Data as of Oct 28, 2026.

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About each fund
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.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, SPYG or VOO?
In the year to Oct 28, 2026, with distributions reinvested, SPYG returned +12.2% and VOO +13.7%.
Which is cheaper, SPYG or VOO?
VOO is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPYG and VOO overlap with the S&P 500?
By their latest filed holdings, 100% of SPYG and 100% of VOO by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, SPYG against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/spyg-vs-voo

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