SPY vs VBCI

SPY vs VBCI

Which is better, SPY or VBCI?

Large Cap Blend against Long Term Mid Quality.

VBCI has a lower expense ratio.

Lower Fees: VBCI

MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.

Side-by-Side Comparison

MetricSPYVBCI
Expense Ratio0.09%0.08%Best
AUM$823.2B$14M
Dividend Yield0.99%2.27%
Holdings1,515750
YTD Return+13.53%Best-1.84%
1Y Return+17.47%-
3Y Return (annualized)+22.36%-
5Y Return (annualized)+13.21%-
Fund FamilyState Street Investment ManagementVanguard (US)
CategoryEquityFixed Income
StyleLarge Cap BlendLong Term Mid Quality
InceptionJan 22, 1993Mar 10, 2026

Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.

SPY vs VBCI growth

Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.

SPY vs VBCI Performance

State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Vanguard Target Maturity 2035 Corporate Bond ETF (VBCI) is an ETF from Vanguard (US). Year to date, SPY is up 13.53% versus a loss of 1.84% for VBCI.

Past performance does not guarantee future results.

Fees and Cost Over Time

SPY charges 0.09% per year while VBCI charges 0.08%. On a $10,000 position that is $9 vs $8 annually, a gap of $1 per year that compounds over a long holding period. On income, SPY currently yields 0.99% against 2.27% for VBCI.

Holdings Overlap

SPY already in VBCI35.4%

At least 35.4% of SPY's money is in holdings VBCI also owns.

Stated as a floor: for VBCI, our book for it covers 69.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.

The two portfolios partly overlap.

68 positions in common, counted across the 504 positions we hold weights for in SPY and 267 in VBCI, against full books of 1,515 and 750.

Top Shared Holdings

StockWeight in SPYWeight in VBCIDifference
AAPLApple, Inc7.45%0.25%7.20%
MSFTMicrosoft Corp5.71%0.26%5.45%
AMZNAmazon.Com Inc3.78%0.89%2.89%
METAMeta Platforms Inc2.22%1.66%0.56%
AVGOBroadcom Inc2.48%0.73%1.75%
JPMJpmorgan Chase1.43%0.94%0.49%
BACBank Of America Corp.0.59%0.97%0.38%
VVisa Inc Class A0.95%0.38%0.57%
JNJJohnson & Johnson - Common0.98%0.30%0.68%
ORCLOracle Corp - Common0.37%0.83%0.46%

35.4% of SPY is already inside VBCI.

You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.

SPYVBCI

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Frequently Asked Questions

Which is cheaper, SPY or VBCI?

SPY has an expense ratio of 0.09% while VBCI charges 0.08%. VBCI is the cheaper option, by $1 a year on a $10,000 investment.

What is the holdings overlap between SPY and VBCI?

At least 35.4% of SPY's money is in holdings VBCI also owns. Our book for VBCI is partial, so the real figure is this or higher. They hold 68 positions in common, counted across the 504 positions we hold weights for in SPY and 267 in VBCI.

Which pays a higher dividend, SPY or VBCI?

SPY yields 0.99% while VBCI yields 2.27%, so VBCI currently pays the higher dividend yield.

Is VBCI better than SPY?

VBCI has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.