SPYG vs SPYV: Head-to-Head Comparison
SPYG vs SPYV: SPDR Portfolio S&P 500 Growth ETF has an expense ratio of 0.04% while SPDR Portfolio S&P 500 Value ETF charges 0.04%. SPYG holds 230 securities vs SPYV's 440. 5-year returns: 17.50% vs 9.50%.
Last updated: April 2026
Growth vs Value
Quick Verdict
SPYV edges out SPYG with a stronger Beginner Suitability Score (9 vs 8.5). It offers better overall characteristics for new investors.
Side-by-Side Comparison
| Metric | SPYG | SPYV |
|---|---|---|
| Expense Ratio | 0.04% | 0.04% |
| AUM | $25.0B | $20.0B |
| Dividend Yield | 0.70% | 2.20% |
| Holdings | 230 | 440 |
| 1-Year Return | 28.00% | 11.00% |
| 5-Year Return (Ann.) | 17.50% | 9.50% |
| 10-Year Return (Ann.) | 15.50% | 9.00% |
| Beta | 1.12 | 0.89 |
| P/E Ratio | 33.5 | 17.0 |
SPYG 5-year annualized return is 17.50% compared to SPYV's 9.50%. Over 10 years, SPYG returned 15.50% vs SPYV's 9.00%.
View data table
| Period | SPYG Return | SPYV Return |
|---|---|---|
| YTD | 3.50% | 2.70% |
| 1 Year | 28.00% | 11.00% |
| 3 Year | 11.50% | 8.50% |
| 5 Year | 17.50% | 9.50% |
| 10 Year | 15.50% | 9.00% |
Key Differences Between SPYG and SPYV
SPYG (SPDR Portfolio S&P 500 Growth ETF) is a us large-cap growth fund managed by State Street. SPYG tracks the S&P 500 Growth Index, offering exposure to the growth-oriented half of the S&P 500 at an ultra-low expense ratio of just 0.04%. It selects stocks based on sales growth, earnings growth relative to price, and price momentum. For cost-conscious growth investors, SPYG delivers nearly identical exposure to pricier alternatives at a fraction of the cost.
SPYV (SPDR Portfolio S&P 500 Value ETF) is a us large-cap value fund managed by State Street. SPYV tracks the S&P 500 Value Index, which selects value-oriented stocks from the S&P 500 based on book value, earnings, and sales ratios relative to price. At just 0.04% in fees, it is one of the cheapest ways to get pure large-cap value exposure. The fund favors financially stable, established companies that trade at reasonable valuations relative to their fundamentals.
The most notable differences are in fees (0.04% vs 0.04%), number of holdings (230 vs 440), and 5-year returns (17.50% vs 9.50%).
SPYG vs SPYV multi-factor comparison: SPYG has a 0.04% expense ratio, 17.50% 5-year return, 230 holdings, 1.12 beta, and 0.70% yield. SPYV has 0.04% expense ratio, 9.50% 5-year return, 440 holdings, 0.89 beta, and 2.20% yield.
View data table
| Metric | SPYG | SPYV |
|---|---|---|
| Expense Ratio | 0.04% | 0.04% |
| 5-Year Return | 17.50% | 9.50% |
| Holdings | 230 | 440 |
| Beta | 1.12 | 0.89 |
| Dividend Yield | 0.70% | 2.20% |
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Holdings Overlap Analysis
0%
Holdings Overlap
SPYG and SPYV share only 0% of their top holdings. These funds are quite different, making them complementary choices if you want broader market coverage.
SPYG and SPYV share 0% of their top holdings (low overlap). SPYG has 230 total holdings and SPYV has 440.
View data table
| Metric | SPYG | SPYV |
|---|---|---|
| Overlap | 0% | 0% |
| Unique Holdings | 100% | 100% |
| Total Holdings | 230 | 440 |
Cost Comparison Over Time
If you invest $10,000 and hold for 20 years (assuming 8% annual returns):
SPYG
Fee cost: $344
SPYV
Fee cost: $344
Over 20 years, the fee difference amounts to $0 on a $10,000 investment. The cost difference is negligible — choose based on other factors.
On a $10,000 investment over 20 years at 8% return, SPYG (0.04% fee) grows to $46,266 while SPYV (0.04% fee) grows to $46,266. The fee difference costs $0.
View data table
| Year | SPYG Value | SPYV Value |
|---|---|---|
| 0 | $10,000 | $10,000 |
| 5 | $14,666 | $14,666 |
| 10 | $21,509 | $21,509 |
| 15 | $31,546 | $31,546 |
| 20 | $46,266 | $46,266 |
Which One Should a Beginner Choose?
Choose SPYG if: You want budget-conscious growth investors who want the cheapest possible s&p 500 growth exposure, investors building factor-based portfolios pairing growth and value etfs, young savers in retirement accounts who prioritize long-term capital appreciation. It's managed by State Street with an expense ratio of 0.04%.
Choose SPYV if: You want fee-sensitive investors wanting the cheapest s&p 500 value exposure available, tactical investors pairing spyv with spyg for customizable growth/value allocations, income-oriented investors who also want capital appreciation from undervalued stocks. It's managed by State Street with an expense ratio of 0.04%.
Can You Own Both SPYG and SPYV?
Absolutely! With only 0% overlap, SPYG and SPYV complement each other well. A simple portfolio might allocate 60% to one and 40% to the other, or you could pair them with a bond ETF like BND for a complete three-fund portfolio.
Frequently Asked Questions
Should I buy SPYG or SPYV?▾
SPYV edges out SPYG with a stronger Beginner Suitability Score (9 vs 8.5). It offers better overall characteristics for new investors. However, both are solid options. SPYG is best for investors who want budget-conscious growth investors who want the cheapest possible s&p 500 growth exposure, while SPYV is better suited for fee-sensitive investors wanting the cheapest s&p 500 value exposure available.
What is the difference between SPYG and SPYV?▾
SPYG (SPDR Portfolio S&P 500 Growth ETF) tracks us large-cap growth investments with 230 holdings and a 0.04% expense ratio. SPYV (SPDR Portfolio S&P 500 Value ETF) focuses on us large-cap value with 440 holdings at 0.04%. Their top holdings overlap by 0%.
Can I own both SPYG and SPYV?▾
Yes! With only 0% holdings overlap, SPYG and SPYV complement each other well. Owning both gives you broader diversification.