Dividend comparison
SPYG vs VOOG: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for State Street SPDR Portfolio S&P 500 Growth ETF and Vanguard S&P 500 Growth ETF, side by side. Updated October 21, 2026.
SPYG vs VOOG: key differences
The short answer, from the latest data on this page.
- Fees. SPYG is cheaper at 0.04% a year versus 0.07% for VOOG. On $10,000 that is $3 a year less in fees.
- Income. Their trailing yields are almost the same: 0.48% for SPYG and 0.46% for VOOG. Both pay quarterly.
- Performance. Over the last 5 years, SPYG returned 86.3% versus 85.8% for VOOG, with dividends reinvested. $10,000 would have grown to $18,633 in SPYG and $18,584 in VOOG.
- Risk. Their worst declines over the last 5 years were similar: -32.7% for SPYG and -32.7% for VOOG from peak to trough.
- Diversification. VOOG holds 212 positions and SPYG holds 152. The ten largest positions make up 60.2% of SPYG and 60.2% of VOOG.
- Overlap. 94% of the two portfolios overlap by weight, across 96 shared holdings. Owning both adds little diversification.
- Dividend growth. VOOG grew its yearly payout 7.8% a year over the last 4 years, versus 5.3% for SPYG.
- Size. SPYG is the larger fund with $56.1 billion in assets, against $27.9 billion for VOOG.
Bottom line: SPYG fits better if you care most about lower fees. VOOG fits better if you care most about faster dividend growth. With 94% overlap, most investors would hold one or the other rather than both.
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 | VOOG Vanguard S&P 500 Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 0.48% | 0.46% |
| Dividend / share (TTM) | $0.59 | $0.39 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.1482 on Sep 23, 2026 | $0.1050 on Sep 25, 2026 |
| Ex-dividend date | Sep 21, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 5.3% over 4 yrs | 7.8% over 4 yrs |
| Price | $121.15 | $84.15 |
| Dividend growth streak | 1 year | 1 year |
| Beta | 1.18 | 1.17 |
| Max drawdown (5Y) | -32.7% | -32.7% |
| Market cap | $55.60B | $27.90B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.04% | 0.07% |
| Assets under management | $56.15B | $27.90B |
| Number of holdings | 152 | 212 |
| Top 10 concentration | 60.2% | 60.2% |
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
VOOG
$3.83/mo
$46 /yr at 0.46% yield
Dividend history
Total dividends paid per share in each calendar year. SPYG pays quarterly; VOOG pays quarterly.
| Year | SPYG | VOOG |
|---|---|---|
| 2025 | $0.5519 | $0.3625 |
| 2024 | $0.5315 | $0.2981 |
| 2023 | $0.7493 | $0.5075 |
| 2022 | $0.5194 | $0.3279 |
| 2021 | $0.4482 | $0.2685 |
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 $18,584 in VOOG.
| Period | SPYG | VOOG |
|---|---|---|
| 1 month | -0.14% | -0.12% |
| 3 months | 4.05% | 4.03% |
| Year to date | 13.98% | 13.98% |
| 1 year | 15.83% | 15.83% |
| 3 years | 110.00% | 109.80% |
| 5 years | 86.33% | 85.84% |
- SPYG
- VOOG
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
- VOOG
SPYG vs VOOG holdings overlap
94% overlap by weight, with 96 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 | VOOG weight |
|---|---|---|
| NVDANVIDIA CORP | 14.45% | 14.99% |
| MSFTMICROSOFT CORP | 10.90% | 10.33% |
| AAPLAPPLE INC | 6.88% | 6.59% |
| GOOGLALPHABET INC CL A | 5.56% | 5.48% |
| GOOGALPHABET INC CL C | 4.45% | 4.39% |
| AVGOBROADCOM INC | 4.38% | 4.53% |
| METAMETA PLATFORMS INC CLASS A | 4.28% | 4.34% |
| AMZNAMAZON.COM INC | 3.76% | 3.52% |
| MUMICRON TECHNOLOGY INC | 2.81% | 3.26% |
| BRK-BBERKSHIRE HATHAWAY INC CL B | 2.73% | 2.52% |
Top 10 holdings
Largest positions by portfolio weight.
SPYG152 holdings total
Quick verdict
SPYG fits better if you care most about lower fees. VOOG fits better if you care most about faster dividend growth. With 94% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is SPYG or VOOG better for dividend income?
It depends on your goals. SPYG currently yields 0.48% Trailing Twelve Months (TTM) while VOOG yields 0.46%. 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 VOOG?
State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an ETF listed on AMEX. Vanguard S&P 500 Growth ETF (VOOG) 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 VOOG?
SPYG has the lower expense ratio. SPYG charges 0.04% a year and VOOG charges 0.07%, a difference of $3 a year on a $10,000 investment.
Which has performed better, SPYG or VOOG?
Over the last 5 years, SPYG has the higher total return with dividends reinvested: SPYG returned 86.3% and VOOG returned 85.8%. Past performance does not predict future returns.
Which is riskier, SPYG or VOOG?
Measured by the worst peak-to-trough decline over the last five years, VOOG has been riskier: SPYG fell as much as 32.7% and VOOG as much as 32.7%. Their betas are 1.18 and 1.17.
How much do SPYG and VOOG overlap?
About 94% of the two portfolios overlap by weight, across 96 shared holdings. The largest shared positions are NVDA, MSFT, AAPL. Holding both adds little diversification.
How often do SPYG and VOOG pay dividends?
Both pay quarterly. The most recent payments were $0.1482 for SPYG and $0.1050 for VOOG.
How much income does $10,000 in SPYG vs VOOG generate?
At current TTM yields, $10,000 in SPYG would generate roughly $4.03 per month ($48 annually). The same amount in VOOG would produce about $3.83 per month ($46 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both SPYG and VOOG?
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 VOOG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how SPYG and VOOG 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.