Dividend comparison
SPYG vs SPYV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for State Street SPDR Portfolio S&P 500 Growth ETF and State Street SPDR Portfolio S&P 500 Value ETF, side by side. Updated October 21, 2026.
SPYG vs SPYV: key differences
The short answer, from the latest data on this page.
- Fees. Both charge about 0.04% a year, so cost is not what separates them.
- Income. SPYV pays more income, yielding 1.66% over the last twelve months versus 0.48% for SPYG. That is about $118 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, SPYG returned 86.3% versus 70.7% for SPYV, with dividends reinvested. $10,000 would have grown to $18,633 in SPYG and $17,074 in SPYV.
- Risk. SPYG has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -32.7%, against -17.9% for SPYV.
- Diversification. SPYV holds 435 positions and SPYG holds 152. The ten largest positions make up 60.2% of SPYG and 24.6% of SPYV.
- Overlap. At least 20% of the two portfolios overlap by weight, across 21 shared holdings.
- Dividend growth. SPYG grew its yearly payout 5.3% a year over the last 4 years, versus 3.2% for SPYV.
Bottom line: SPYG fits better if you care most about stronger 5-year returns and faster dividend growth. SPYV fits better if you care most about more income today, smaller drawdowns and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | SPYG State Street SPDR Portfolio S&P 500 Growth ETF | SPYV State Street SPDR Portfolio S&P 500 Value ETF |
|---|---|---|
| Dividend yield (TTM) | 0.48% | 1.66% |
| Dividend / share (TTM) | $0.59 | $1.06 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.1482 on Sep 23, 2026 | $0.2677 on Sep 23, 2026 |
| Ex-dividend date | Sep 21, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | 5.3% over 4 yrs | 3.2% over 4 yrs |
| Price | $121.15 | $63.55 |
| Dividend growth streak | 1 year | — |
| Beta | 1.18 | 0.83 |
| Max drawdown (5Y) | -32.7% | -17.9% |
| Market cap | $55.60B | $37.80B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.04% | 0.04% |
| Assets under management | $56.15B | $37.97B |
| Number of holdings | 152 | 435 |
| Top 10 concentration | 60.2% | 24.6% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
SPYG
$4.03/mo
$48 /yr at 0.48% yield
SPYV
$13.87/mo
$166 /yr at 1.66% yield
Dividend history
Total dividends paid per share in each calendar year. SPYG pays quarterly; SPYV pays quarterly.
| Year | SPYG | SPYV |
|---|---|---|
| 2025 | $0.5519 | $1.0028 |
| 2024 | $0.5315 | $1.1687 |
| 2023 | $0.7493 | $0.8142 |
| 2022 | $0.5194 | $0.8647 |
| 2021 | $0.4482 | $0.8829 |
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.
Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,633 in SPYG and $17,074 in SPYV.
| Period | SPYG | SPYV |
|---|---|---|
| 1 month | -0.14% | 2.35% |
| 3 months | 4.05% | 3.76% |
| Year to date | 13.98% | 13.26% |
| 1 year | 15.83% | 15.86% |
| 3 years | 110.00% | 66.27% |
| 5 years | 86.33% | 70.74% |
- SPYG
- SPYV
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- SPYG
- SPYV
SPYG vs SPYV holdings overlap
At least 20% overlap by weight, with 21 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | SPYG weight | SPYV weight |
|---|---|---|
| AAPLAPPLE INC | 6.88% | 8.36% |
| AMZNAMAZON.COM INC | 3.76% | 3.85% |
| TSLATESLA INC | 1.77% | 1.27% |
| VVISA INC CLASS A SHARES | 1.04% | 1.03% |
| JPMJPMORGAN CHASE + CO | 1.66% | 0.96% |
| JNJJOHNSON + JOHNSON | 0.99% | 0.84% |
| ABBVABBVIE INC | 0.63% | 0.91% |
| CSCOCISCO SYSTEMS INC | 0.61% | 0.66% |
| MAMASTERCARD INC A | 0.92% | 0.55% |
| PMPHILIP MORRIS INTERNATIONAL | 0.48% | 0.47% |
Top 10 holdings
Largest positions by portfolio weight.
SPYG152 holdings total
Quick verdict
SPYG fits better if you care most about stronger 5-year returns and faster dividend growth. SPYV fits better if you care most about more income today, smaller drawdowns and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how SPYG vs SPYV fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is SPYG or SPYV better for dividend income?
It depends on your goals. SPYG currently yields 0.48% Trailing Twelve Months (TTM) while SPYV yields 1.66%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between SPYG and SPYV?
State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an ETF listed on AMEX. State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, SPYG or SPYV?
They cost about the same: SPYG charges 0.04% a year and SPYV charges 0.04%.
Which has performed better, SPYG or SPYV?
Over the last 5 years, SPYG has the higher total return with dividends reinvested: SPYG returned 86.3% and SPYV returned 70.7%. Past performance does not predict future returns.
Which is riskier, SPYG or SPYV?
Measured by the worst peak-to-trough decline over the last five years, SPYG has been riskier: SPYG fell as much as 32.7% and SPYV as much as 17.9%. Their betas are 1.18 and 0.83.
How much do SPYG and SPYV overlap?
At least 20% of the two portfolios overlap by weight, across 21 shared holdings. The largest shared positions are AAPL, AMZN, TSLA. Holding both still adds meaningful diversification.
How often do SPYG and SPYV pay dividends?
Both pay quarterly. The most recent payments were $0.1482 for SPYG and $0.2677 for SPYV.
How much income does $10,000 in SPYG vs SPYV generate?
At current TTM yields, $10,000 in SPYG would generate roughly $4.03 per month ($48 annually). The same amount in SPYV would produce about $13.87 per month ($166 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SPYG and SPYV?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare SPYG vs SPYV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SPYG and SPYV fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.