Dividend comparison
VOOV vs SPYV: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard S&P 500 Value ETF and State Street SPDR Portfolio S&P 500 Value ETF, side by side. Updated October 21, 2026.
VOOV vs SPYV: key differences
The short answer, from the latest data on this page.
- Fees. SPYV is cheaper at 0.04% a year versus 0.07% for VOOV. On $10,000 that is $3 a year less in fees.
- Income. Their trailing yields are almost the same: 1.64% for VOOV and 1.66% for SPYV. Both pay quarterly.
- Performance. Over the last 5 years, SPYV returned 70.7% versus 68.1% for VOOV, with dividends reinvested. $10,000 would have grown to $17,074 in SPYV and $16,805 in VOOV.
- Risk. Their worst declines over the last 5 years were similar: -18.1% for VOOV and -17.9% for SPYV from peak to trough.
- Diversification. SPYV holds 435 positions and VOOV holds 398. The ten largest positions make up 24.7% of VOOV and 24.6% of SPYV.
- Overlap. At least 64% of the two portfolios overlap by weight, across 96 shared holdings.
- Dividend growth. VOOV grew its yearly payout 6.2% a year over the last 4 years, versus 3.2% for SPYV.
- Size. SPYV is the larger fund with $38.0 billion in assets, against $6.8 billion for VOOV.
Bottom line: VOOV fits better if you care most about faster dividend growth. SPYV fits better if you care most about lower fees and stronger 5-year returns.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VOOV Vanguard S&P 500 Value ETF | SPYV State Street SPDR Portfolio S&P 500 Value ETF |
|---|---|---|
| Dividend yield (TTM) | 1.64% | 1.66% |
| Dividend / share (TTM) | $3.75 | $1.06 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.9496 on Sep 25, 2026 | $0.2677 on Sep 23, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 21, 2026 |
| Dividend growth (CAGR) | 6.2% over 4 yrs | 3.2% over 4 yrs |
| Price | $228.99 | $63.55 |
| Beta | 0.84 | 0.83 |
| Max drawdown (5Y) | -18.1% | -17.9% |
| Market cap | $6.80B | $37.80B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.07% | 0.04% |
| Assets under management | $6.80B | $37.97B |
| Number of holdings | 398 | 435 |
| Top 10 concentration | 24.7% | 24.6% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VOOV
$13.63/mo
$164 /yr at 1.64% yield
SPYV
$13.87/mo
$166 /yr at 1.66% yield
Dividend history
Total dividends paid per share in each calendar year. VOOV pays quarterly; SPYV pays quarterly.
| Year | VOOV | SPYV |
|---|---|---|
| 2025 | $3.5962 | $1.0028 |
| 2024 | $3.8741 | $1.1687 |
| 2023 | $2.8343 | $0.8142 |
| 2022 | $3.0639 | $0.8647 |
| 2021 | $2.8271 | $0.8829 |
Strategy: Large-cap value
Funds that hold the cheaper half of the large-cap market by price-to-book, price-to-earnings and similar ratios. They lean toward financials, healthcare, industrials and energy, and pay higher dividends than growth funds because mature companies return more cash to shareholders. Funds tracking different value indexes can differ a lot in how many stocks they hold and how they define cheap.
Value can trail the broad market for years at a time when growth companies lead, as it did for much of the last decade.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $16,805 in VOOV and $17,074 in SPYV.
| Period | VOOV | SPYV |
|---|---|---|
| 1 month | 1.84% | 2.35% |
| 3 months | 2.62% | 3.76% |
| Year to date | 11.78% | 13.26% |
| 1 year | 13.77% | 15.86% |
| 3 years | 63.92% | 66.27% |
| 5 years | 68.05% | 70.74% |
- VOOV
- 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.
- VOOV
- SPYV
VOOV vs SPYV holdings overlap
At least 64% 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 | VOOV weight | SPYV weight |
|---|---|---|
| AAPLApple Inc | 8.33% | 8.36% |
| AMZNAmazon.com Inc | 3.94% | 3.85% |
| XOMExxonMobil Holdings Corp | 2.29% | 2.46% |
| WMTWalmart Inc | 1.59% | 1.77% |
| INTCIntel Corp | 2.05% | 1.49% |
| COSTCostco Wholesale Corp | 1.38% | 1.46% |
| CVXChevron Corp | 1.38% | 1.48% |
| TSLATesla Inc | 1.30% | 1.27% |
| MRKMerck & Co Inc | 1.23% | 1.20% |
| PGProcter & Gamble Co/The | 1.16% | 1.24% |
Top 10 holdings
Largest positions by portfolio weight.
VOOV398 holdings total
Quick verdict
VOOV fits better if you care most about faster dividend growth. SPYV fits better if you care most about lower fees and stronger 5-year returns. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is VOOV or SPYV better for dividend income?
It depends on your goals. VOOV currently yields 1.64% 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 VOOV and SPYV?
Vanguard S&P 500 Value ETF (VOOV) 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, VOOV or SPYV?
SPYV has the lower expense ratio. VOOV charges 0.07% a year and SPYV charges 0.04%, a difference of $3 a year on a $10,000 investment.
Which has performed better, VOOV or SPYV?
Over the last 5 years, SPYV has the higher total return with dividends reinvested: VOOV returned 68.1% and SPYV returned 70.7%. Past performance does not predict future returns.
Which is riskier, VOOV or SPYV?
Measured by the worst peak-to-trough decline over the last five years, VOOV has been riskier: VOOV fell as much as 18.1% and SPYV as much as 17.9%. Their betas are 0.84 and 0.83.
How much do VOOV and SPYV overlap?
At least 64% of the two portfolios overlap by weight, across 96 shared holdings. The largest shared positions are AAPL, AMZN, XOM. Holding both still adds meaningful diversification.
How often do VOOV and SPYV pay dividends?
Both pay quarterly. The most recent payments were $0.9496 for VOOV and $0.2677 for SPYV.
How much income does $10,000 in VOOV vs SPYV generate?
At current TTM yields, $10,000 in VOOV would generate roughly $13.63 per month ($164 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 VOOV 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 VOOV vs SPYV with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOOV 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.