ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
State Street is one of the largest ETF providers globally and is known for its SPDR family of funds, which pioneered the modern ETF industry. The company's 17-fund lineup spans multiple strategies including broad market exposure (SPLG), dividend-focused income products (SPYD, SPYM), sector-specific funds (the Select Sector SPDR series), and specialized strategies like covered call income (Premium Income series) and portfolio construction tools (SPDR Portfolio). Notable for its extensive Select Sector SPDR offerings that track individual S&P 500 sectors and its focus on both traditional index investing and income-generating strategies, State Street serves investors across a wide range of investment objectives from core holdings to tactical income plays.
See our curated list of related YouTube videos on SPYG.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Vanguard is known for offering low-cost, passively managed ETFs that serve as core portfolio holdings for individual investors. Their fund lineup emphasizes core equity exposure and dividend income strategies, with offerings spanning domestic growth (VGT, VUG), broad market indices (VOO), dividend-focused portfolios (VYM, VIG), and international high dividend yield opportunities (VONG, VYMI). The issuer's seven funds are characterized by expense ratios among the industry's lowest and a focus on long-term, buy-and-hold investors seeking diversified equity exposure.
See our curated list of related YouTube videos on VOO.
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.
VOO offers the higher yield at 1.09% vs 0.50% for SPYG. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
VOO is cheaper with an expense ratio of 0.03% compared to 0.04%.
They track different benchmarks: SPYG is linked to S&P 500 Growth Index while VOO tracks S&P 500 Index, which means their performance drivers differ.
VOO is the larger fund by assets ($1421.1B), 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 VOO would produce $9.08/month, at current distribution rates. Both pay quarterly distributions.
SPYG yield0.50%
VOO yield1.09%
Monthly diff on $10K$4.92
Cost & efficiency
Over 10 years on $10,000, SPYG would cost approximately $40 in fees vs $30 for VOO (simplified, not compounded). The $10.00 difference may be offset by yield or performance.
SPYG ER0.04%
VOO ER0.03%
Strategy & risk
Both SPYG and VOO wrap S&P 500 Growth Index with similar strategies (index and large cap). The practical differences are yield target, fee structure, and issuer track record — not the underlying mechanic. Beta is 1.11 for SPYG and 1.0 for VOO, indicating VOO is less volatile relative to the market.
SPYG beta1.11
VOO beta1.0
Fund details
SPYG is managed by State Street (launched 09/25/2000) with $41.6B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1421.1B in assets.
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Frequently asked questions
Is SPYG or VOO better for dividend income?
It depends on your goals. VOO 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 VOO?
Both SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and VOO (Vanguard S&P 500 ETF) track S&P 500 Growth Index with similar approaches — the labels "index" and "large cap" describe closely related mechanics. The real differences show up in yield target (0.50% vs 1.09%), expense ratio (0.04% vs 0.03%), and issuer (State Street vs Vanguard).
Can I hold both SPYG and VOO?
You can, but expect significant overlap. Both funds use similar strategies on S&P 500 Growth Index, so holding them together gives you two wrappers around effectively the same exposure — not true diversification. Weigh issuer, fee, and yield differences rather than treating them as complementary.
Which has lower fees, SPYG or VOO?
SPYG has an expense ratio of 0.04% while VOO charges 0.03%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SPYG vs VOO generate?
At current rates, $10,000 in SPYG would generate roughly $4.17 per month ($50.00 annually). The same in VOO would produce about $9.08 per month ($109.00 annually).
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