Dividend comparison
VTWAX vs SPGM: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard Total World Stock Index Fund Admiral Shares and State Street SPDR Portfolio MSCI Global Stock Market ETF, side by side. Updated October 21, 2026.
VTWAX vs SPGM: key differences
The short answer, from the latest data on this page.
- Income. SPGM pays more income, yielding 1.78% over the last twelve months versus 1.50% for VTWAX. That is about $28 more a year on $10,000. VTWAX pays quarterly, SPGM pays semi-annual.
- Performance. Over the last 5 years, SPGM returned 66.8% versus 60.5% for VTWAX, with dividends reinvested. $10,000 would have grown to $16,684 in SPGM and $16,049 in VTWAX.
- Risk. Their worst declines over the last 5 years were similar: -26.4% for VTWAX and -25.9% for SPGM from peak to trough.
- Diversification. SPGM holds 2,864 positions and VTWAX holds 100. The ten largest positions make up 22.3% of VTWAX and 22.4% of SPGM.
- Overlap. At least 38% of the two portfolios overlap by weight, across 67 shared holdings.
- Dividend growth. VTWAX grew its yearly payout 7.2% a year over the last 4 years, versus 6.6% for SPGM.
Bottom line: SPGM has the edge on these figures, with more income today, stronger 5-year returns and broader diversification. VTWAX does not lead on any of the measures compared here.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VTWAX Vanguard Total World Stock Index Fund Admiral Shares | SPGM State Street SPDR Portfolio MSCI Global Stock Market ETF |
|---|---|---|
| Dividend yield (TTM) | 1.50% | 1.78% |
| Dividend / share (TTM) | $0.84 | $1.54 |
| Payout frequency | Quarterly | Semi-annual |
| Last dividend | $0.1405 on Sep 21, 2026 | $0.6675 on Jun 5, 2026 |
| Ex-dividend date | Sep 18, 2026 | Jun 1, 2026 |
| Dividend growth (CAGR) | 7.2% over 4 yrs | 6.6% over 4 yrs |
| Price | $55.85 | $86.34 |
| Dividend growth streak | — | 3 years |
| Beta | 0.93 | 0.93 |
| Max drawdown (5Y) | -26.4% | -25.9% |
| Market cap | $101.18B | $1.80B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | — | 0.09% |
| Assets under management | — | $1.81B |
| Number of holdings | 100 | 2864 |
| Top 10 concentration | 22.3% | 22.4% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VTWAX
$12.52/mo
$150 /yr at 1.50% yield
SPGM
$14.87/mo
$178 /yr at 1.78% yield
Dividend history
Total dividends paid per share in each calendar year. VTWAX pays quarterly; SPGM pays semi-annual.
| Year | VTWAX | SPGM |
|---|---|---|
| 2025 | $0.8983 | $1.4487 |
| 2024 | $0.8014 | $1.2563 |
| 2023 | $0.7490 | $1.1570 |
| 2022 | $0.6610 | $1.1053 |
| 2021 | $0.6810 | $1.1210 |
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.
Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $16,049 in VTWAX and $16,684 in SPGM.
| Period | VTWAX | SPGM |
|---|---|---|
| 1 month | -0.57% | -0.60% |
| 3 months | 1.90% | 2.44% |
| Year to date | 11.81% | 13.43% |
| 1 year | 13.13% | 15.89% |
| 3 years | 80.39% | 86.44% |
| 5 years | 60.49% | 66.84% |
- VTWAX
- SPGM
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.
- VTWAX
- SPGM
VTWAX vs SPGM holdings overlap
At least 38% overlap by weight, with 67 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 | VTWAX weight | SPGM weight |
|---|---|---|
| NVDANVIDIA Corp | 4.52% | 4.41% |
| AAPLApple Inc | 4.08% | 4.36% |
| MSFTMicrosoft Corp | 3.23% | 3.29% |
| AMZNAmazon.com Inc | 2.05% | 2.10% |
| GOOGLAlphabet Inc | 1.72% | 1.75% |
| GOOGAlphabet Inc | 1.35% | 1.45% |
| METAMeta Platforms Inc | 1.35% | 1.34% |
| AVGOBroadcom Inc | 1.39% | 1.29% |
| TSLATesla Inc | 0.88% | 0.90% |
| MUMicron Technology Inc | 1.02% | 0.87% |
Top 10 holdings
Largest positions by portfolio weight.
VTWAX100 holdings total
Quick verdict
SPGM has the edge on these figures, with more income today, stronger 5-year returns and broader diversification. VTWAX does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is VTWAX or SPGM better for dividend income?
It depends on your goals. VTWAX currently yields 1.50% Trailing Twelve Months (TTM) while SPGM yields 1.78%. 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 VTWAX and SPGM?
Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) is an ETF listed on NASDAQ. State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) 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 has performed better, VTWAX or SPGM?
Over the last 5 years, SPGM has the higher total return with dividends reinvested: VTWAX returned 60.5% and SPGM returned 66.8%. Past performance does not predict future returns.
Which is riskier, VTWAX or SPGM?
Measured by the worst peak-to-trough decline over the last five years, VTWAX has been riskier: VTWAX fell as much as 26.4% and SPGM as much as 25.9%. Their betas are 0.93 and 0.93.
How much do VTWAX and SPGM overlap?
At least 38% of the two portfolios overlap by weight, across 67 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do VTWAX and SPGM pay dividends?
VTWAX pays quarterly and SPGM pays semi-annual.
How much income does $10,000 in VTWAX vs SPGM generate?
At current TTM yields, $10,000 in VTWAX would generate roughly $12.52 per month ($150 annually). The same amount in SPGM would produce about $14.87 per month ($178 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VTWAX and SPGM?
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 VTWAX vs SPGM with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VTWAX and SPGM 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.