SPY vs VT
Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.
SPY tracks the S&P 500 with 505 holdings for a 0.09% expense ratio, while VT tracks the FTSE Global All Cap index with about 10,180 holdings across the US and the rest of the world for 0.06%. Nine of the ten largest stocks are shared, but VT yields 1.51% versus SPY's 0.99%. SPY suits investors who want pure US large-cap exposure; VT suits those who want one global fund. Educational content, not financial advice.
SPY tracks the S&P 500 with 505 holdings for a 0.09% expense ratio, while VT tracks the FTSE Global All Cap index with about 10,180 holdings across the US and the rest of the world for 0.06%. Nine of ...
Investment Analysis
SPY
SPY
Pros
- Largest and most traded S&P 500 fund at about $785 billion in net assets
- Trading history back to January 1993, the oldest US-listed ETF
- Concentrated exposure to 505 large US companies with no international dilution
Considerations
- Expense ratio of 0.09% is 0.03 percentage points above VT's 0.06%
- US-only exposure, with no small caps or non-US stocks
- Dividend yield of 0.99% is below VT's 1.51%
VT
VT
Pros
- About 10,180 holdings covering US and international stocks of all sizes
- Expense ratio of 0.06%, about $6 a year per $10,000 invested
- Dividend yield of 1.51% is higher than SPY's 0.99%
Considerations
- Smaller fund at about $81 billion in net assets
- Includes emerging markets, which add currency and political risk
- Non-US stocks dilute exposure to the US market if that is what you want
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