VOO vs SPYV: Head-to-Head Comparison
VOO vs SPYV: Vanguard S&P 500 ETF has an expense ratio of 0.03% while SPDR Portfolio S&P 500 Value ETF charges 0.04%. VOO holds 503 securities vs SPYV's 440. 5-year returns: 15.80% vs 9.50%.
Last updated: April 2026
S&P 500
Quick Verdict
VOO edges out SPYV with a stronger Beginner Suitability Score (9.5 vs 9). It offers lower fees for new investors.
Side-by-Side Comparison
| Metric | VOO | SPYV |
|---|---|---|
| Expense Ratio | 0.03% | 0.04% |
| AUM | $560.0B | $20.0B |
| Dividend Yield | 1.30% | 2.20% |
| Holdings | 503 | 440 |
| 1-Year Return | 26.70% | 11.00% |
| 5-Year Return (Ann.) | 15.80% | 9.50% |
| 10-Year Return (Ann.) | 13.30% | 9.00% |
| Beta | 1.00 | 0.89 |
| P/E Ratio | 25.8 | 17.0 |
VOO 5-year annualized return is 15.80% compared to SPYV's 9.50%. Over 10 years, VOO returned 13.30% vs SPYV's 9.00%.
View data table
| Period | VOO Return | SPYV Return |
|---|---|---|
| YTD | 3.20% | 2.70% |
| 1 Year | 26.70% | 11.00% |
| 3 Year | 11.20% | 8.50% |
| 5 Year | 15.80% | 9.50% |
| 10 Year | 13.30% | 9.00% |
Key Differences Between VOO and SPYV
VOO (Vanguard S&P 500 ETF) is a u.s. large-cap blend fund managed by Vanguard. VOO tracks the S&P 500 index, giving you ownership in 500 of the largest U.S. companies in a single investment. It is one of the most popular ETFs in the world thanks to its ultra-low expense ratio and broad market exposure. For beginners, VOO is often recommended as a core portfolio holding because it provides instant diversification across America's leading businesses.
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 (0.03% vs 0.04%), number of holdings (503 vs 440), and 5-year returns (15.80% vs 9.50%).
VOO vs SPYV multi-factor comparison: VOO has a 0.03% expense ratio, 15.80% 5-year return, 503 holdings, 1.00 beta, and 1.30% 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 | VOO | SPYV |
|---|---|---|
| Expense Ratio | 0.03% | 0.04% |
| 5-Year Return | 15.80% | 9.50% |
| Holdings | 503 | 440 |
| Beta | 1.00 | 0.89 |
| Dividend Yield | 1.30% | 2.20% |
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Holdings Overlap Analysis
5%
Holdings Overlap
VOO and SPYV share only 5% of their top holdings. These funds are quite different, making them complementary choices if you want broader market coverage.
VOO and SPYV share 5% of their top holdings (low overlap). VOO has 503 total holdings and SPYV has 440. Common holdings include BRK.B.
View data table
| Metric | VOO | SPYV |
|---|---|---|
| Overlap | 5% | 5% |
| Unique Holdings | 95% | 95% |
| Total Holdings | 503 | 440 |
Cost Comparison Over Time
If you invest $10,000 and hold for 20 years (assuming 8% annual returns):
VOO
Fee cost: $258
SPYV
Fee cost: $344
Over 20 years, the fee difference amounts to $86 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, VOO (0.03% fee) grows to $46,351 while SPYV (0.04% fee) grows to $46,266. The fee difference costs $85.
View data table
| Year | VOO Value | SPYV Value |
|---|---|---|
| 0 | $10,000 | $10,000 |
| 5 | $14,673 | $14,666 |
| 10 | $21,529 | $21,509 |
| 15 | $31,590 | $31,546 |
| 20 | $46,351 | $46,266 |
Which One Should a Beginner Choose?
Choose VOO if: You want beginning investors looking for a simple core portfolio holding, long-term buy-and-hold investors seeking broad u.s. market exposure, cost-conscious investors who want minimal fees. It's managed by Vanguard with an expense ratio of 0.03%.
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 VOO and SPYV?
Absolutely! With only 5% overlap, VOO 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 VOO or SPYV?▾
VOO edges out SPYV with a stronger Beginner Suitability Score (9.5 vs 9). It offers lower fees for new investors. However, both are solid options. VOO is best for investors who want beginning investors looking for a simple core portfolio holding, while SPYV is better suited for fee-sensitive investors wanting the cheapest s&p 500 value exposure available.
What is the difference between VOO and SPYV?▾
VOO (Vanguard S&P 500 ETF) tracks u.s. large-cap blend investments with 503 holdings and a 0.03% 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 5%.
Can I own both VOO and SPYV?▾
Yes! With only 5% holdings overlap, VOO and SPYV complement each other well. Owning both gives you broader diversification.