SPY vs VOO Our Pick
SPDR S&P 500 ETF Trust vs Vanguard S&P 500 ETF
Buy SPY if…
- •You're an options trader
Buy VOO if…
- •You like lower fees and fewer taxes
SPY
VOO
Type
ETF
ETF
Issuer
State Street
Vanguard
Holdings
99
503
Index
S&P 500
S&P 500
AUM
$701B
$823B
Inception
1993
2010
Key Metrics
Expense Ratio
0.10%
0.03%
Dividend Yield
+1.09%
+1.15%
Daily Liquidity
81.26M
7.42M
Risk (β)
1.00
1.00
Cost Calculator
$
%
SPY Fees
$0
VOO Fees
$0
Annualized Returns
YTD
+17.60%
+17.68%
1 Year
+14.28%
+14.33%
3 Years
+20.40%
+20.49%
5 Years
+14.79%
+14.87%
10 Years
+14.48%
+14.56%
Top 10 Holdings
NVIDIA Corporation
7.54%
NVIDIA Corporation
8.46%
Apple Inc
7.06%
Apple Inc
6.87%
Microsoft Corporation
6.19%
Microsoft Corporation
6.59%
Amazon.com Inc
3.81%
Amazon.com Inc
4.06%
Broadcom Inc
3.21%
Broadcom Inc
2.98%
Alphabet Inc Class A
3.19%
Alphabet Inc Class A
2.80%
Alphabet Inc Class C
2.56%
Meta Platforms Inc.
2.41%
Meta Platforms Inc.
2.36%
Alphabet Inc Class C
2.25%
Tesla Inc
2.05%
Tesla Inc
2.19%
Berkshire Hathaway Inc
1.61%
Berkshire Hathaway Inc
1.50%
Related Comparisons
Traders vs Savers
SPY and VOO are basically twins—they both track the exact same S&P 500 index with virtually identical holdings and performance.
The real difference comes down to two things: cost and structure. VOO charges just 0.03% in fees while SPY charges 0.09%—that's three times more expensive.
SPY is also structured as a unit investment trust, which means it can't automatically reinvest dividends or do some other efficiency tricks that VOO can, making VOO slightly more tax-efficient too.
The one area where SPY wins is liquidity—which matters especially if you're an options trader. SPY has an extensive and incredibly liquid options market—way more weekly, monthly, and quarterly options contracts than VOO, plus it's the deepest options market of any ETF.
Jan Klosowski
Read blog →
Sector Breakdown
SPY
VOO