A head-to-head comparison of State Street SPDR Portfolio S&P 500 Growth ETF and State Street SPDR Portfolio S&P 500 Value ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street Global Advisors (SSGA) is one of the largest ETF providers globally, known for its flagship SPDR suite of exchange-traded products that serve both institutional and retail investors across a broad range of asset classes. Their 88-fund lineup spans diverse strategies including sector exposure (Select Sector SPDR), income generation (Income and Select Sector SPDR Premium Income families), commodities (including the widely-held GLD gold ETF), bonds, ESG-focused investments, and thematic allocations, with popular tickers like DIA (Diamonds Trust), FEZ (Eurozone exposure), and JNK (high-yield bonds) among their most recognized funds. The issuer is characterized by its comprehensive coverage across multiple market segments and its emphasis on both traditional index-based products and specialized strategies like covered call income funds and factor-based investing.
See our curated list of related YouTube videos on SPYG and SPYV.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
SPYG has outpaced SPYV over the trailing twelve months, posting a 24.76% total return against 18.30%. The lead holds up over 10 years too: SPYG has compounded at 17.75% a year, against 11.72% for SPYV. SPYV has been the steadier holding, though — annualized volatility of 12.5% against 19.4% for SPYG. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 14, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2000” measures every fund from September 29, 2000 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and SPYV (State Street SPDR Portfolio S&P 500 Value ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
SPYV offers the higher yield at 1.74% vs 0.50% for SPYG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
They track different benchmarks: SPYG is linked to S&P 500 Growth Index while SPYV tracks S&P 500 Value Index, which means their performance drivers differ.
SPYG is the larger fund by assets ($51.4B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, SPYG would generate roughly $4.17/month, while SPYV would produce $14.50/month, at current distribution rates. Both pay quarterly distributions.
SPYG yield0.50%
SPYV yield1.74%
Monthly diff on $10K$10.33
Cost & efficiency
Over 10 years on $10,000, SPYG would cost approximately $40 in fees vs $40 for SPYV (simplified, not compounded). Both charge the same expense ratio.
SPYG ER0.04%
SPYV ER0.04%
Strategy & risk
SPYG tracks S&P 500 Growth Index with an index approach, while SPYV tracks S&P 500 Value Index with an index approach. Beta is 1.2 for SPYG and 0.78 for SPYV, indicating SPYV is less volatile relative to the market.
SPYG beta1.2
SPYV beta0.78
Fund details
SPYG is managed by State Street (launched 09/25/2000) with $51.4B in assets. SPYV is managed by State Street (launched 09/25/2000) with $35.2B in assets.
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Frequently asked questions
Is SPYG or SPYV better for dividend income?
It depends on your goals. SPYV currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between SPYG and SPYV?
SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) tracks S&P 500 Growth Index with an index approach, while SPYV (State Street SPDR Portfolio S&P 500 Value ETF) tracks S&P 500 Value Index with an index approach. They are issued by State Street and State Street respectively.
Can I hold both SPYG and SPYV?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, SPYG or SPYV?
SPYG and SPYV both charge the same expense ratio of 0.04%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.
How much income does $10,000 in SPYG vs SPYV generate?
At current rates, $10,000 in SPYG would generate roughly $4.17 per month ($50.00 annually). The same in SPYV would produce about $14.50 per month ($174.00 annually).
Which has performed better historically, SPYG or SPYV?
SPYG has outpaced SPYV over the trailing twelve months, posting a 24.76% total return against 18.30%. The lead holds up over 10 years too: SPYG has compounded at 17.75% a year, against 11.72% for SPYV. SPYV has been the steadier holding, though — annualized volatility of 12.5% against 19.4% for SPYG. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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