SPY vs VDV
State Street SPDR S&P 500 ETF Trust vs Vanguard Developed Markets ex-US Value Index ETF
Which is better, SPY or VDV?
Large Cap Blend against Large Cap Value.
VDV has a lower expense ratio. VDV is less concentrated, with 15.9% of the fund in its ten largest positions against 38.2%.
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
| Metric | SPY | VDV |
|---|---|---|
| Expense Ratio | 0.09% | 0.08%Best |
| AUM | $823.2B | $46M |
| Dividend Yield | 0.99% | 1.46% |
| Holdings | 1,515 | 759 |
| YTD Return | +13.53%Best | +0.57% |
| 1Y Return | +17.47% | - |
| 3Y Return (annualized) | +22.36% | - |
| 5Y Return (annualized) | +13.21% | - |
| Top 10 Weight | 38.2% | 15.9%Best |
| Fund Family | State Street Investment Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 22, 1993 | Mar 31, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
SPY vs VDV 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 VDV Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and Vanguard Developed Markets ex-US Value Index ETF (VDV) is an ETF from Vanguard (US). Year to date, SPY is up 13.53% versus a gain of 0.57% for VDV.
Past performance does not guarantee future results.
Fees and Cost Over Time
SPY charges 0.09% per year while VDV 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 1.46% for VDV.
Holdings Overlap
We hold position weights for 504 holdings in SPY and 759 in VDV, totalling 99.8% and 97.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 504 positions we hold weights for in SPY and 759 in VDV, against full books of 1,515 and 759.
What only one of them owns
Our book lists 23 positions for VDV that do not appear in our book for SPY (6.0% of the fund), and 496 for SPY that do not appear in VDV (99.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SPY and VDV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or VDV?
SPY has an expense ratio of 0.09% while VDV charges 0.08%. VDV is the cheaper option, by $1 a year on a $10,000 investment.
Which pays a higher dividend, SPY or VDV?
SPY yields 0.99% while VDV yields 1.46%, so VDV currently pays the higher dividend yield.
Is VDV better than SPY?
VDV has a lower expense ratio. VDV is less concentrated, with 15.9% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.