What is the main difference between SPYG and SPYM?

SPYG focuses specifically on large-cap growth stocks within the S&P 500, emphasizing companies with higher growth potential. In contrast, SPYM provides broader exposure to the entire S&P 500 index, including value, growth, and blend stocks, offering a more balanced representation of the overall large-cap U.S. market.

What does 'expense ratio' mean in these funds?

The expense ratio is the annual fee charged by a fund, expressed as a percentage of the investment. For SPYG, it is 0.04%, while for SPYM, it is 0.02%. A lower expense ratio means less of your investment is used to pay for fund management, potentially leaving more returns for the investor over time.

What are 'holdings' in an ETF?

Holdings refer to the individual stocks or assets an ETF owns. For example, SPYG's top holdings include growth stocks like NVDA and MSFT, while SPYM's top holdings reflect a wider variety of S&P 500 constituents. These holdings determine the ETF's performance, sector exposure, and risk profile.

How do the expense ratios of SPYG and SPYM compare?

SPYG has an expense ratio of 0.04%, while SPYM's is 0.02%. Although both are very low, SPYM is cheaper by 0.02 percentage points annually. Over time, this small difference can influence net returns, as higher fees reduce the amount of investment gains retained by the investor.

What is the dividend yield difference between SPYG and SPYM?

SPYG has a dividend yield of 0.47%, whereas SPYM's yield is 1.00%. This indicates that SPYM is currently paying out a higher proportion of its assets as dividends compared to SPYG. It also reflects SPYM's broader market exposure, which includes more dividend-paying stocks, while SPYG focuses on growth companies that typically pay lower dividends.

How similar are the top holdings of SPYG and SPYM?

SPYG and SPYM share the same top 10 holdings: NVDA, MSFT, AAPL, GOOGL, AVGO, GOOG, META, AMZN, MU, and BRK.B. This significant overlap suggests both funds have substantial exposure to leading technology and large-cap stocks, though SPYG's concentration may be slightly higher on growth-oriented companies within that list.

What is the inception date of SPYG and SPYM?

SPYG was established on September 25, 2000, while SPYM began trading on November 8, 2005. This means SPYG has been in existence for several years longer than SPYM, which could imply a longer track record, although both funds have been active for over 15 years.

What is the net asset size difference between SPYG and SPYM?

SPYG has net assets of $55.0 billion, whereas SPYM is significantly larger at $157.4 billion. A bigger fund like SPYM may benefit from economies of scale, potentially leading to slightly better liquidity and lower relative operational costs, although both are already large enough for robust trading.

What index does each fund track?

According to the provided fund data, the specific indexes tracked by both SPYG and SPYM are listed as 'not available.' However, both are managed by SPDR and typically aim to track the performance of the S&P 500, with SPYG focusing on the growth subset of that index.

What are the top holdings of SPYG and SPYM?

SPYG's top holdings are heavily weighted towards NVDA (14.78%), MSFT (10.07%), and AAPL (6.74%), reflecting its growth focus. SPYM's top holdings are NVDA (8.15%), AAPL (7.43%), and MSFT (5.55%). This illustrates SPYG's more concentrated and growth-leaning positions compared to SPYM's broader distribution.

Which fund is better for a beginner investor?

For beginners, SPYM is often considered more accessible due to its lower expense ratio, higher dividend yield, and broader market exposure, making it less volatile and more diversified. However, the best choice depends on an individual's specific investment goals and risk tolerance, so thorough research or consulting a professional is advised.

What should I keep in mind when choosing between these ETFs?

Remember that this comparison is for educational purposes only. Always consider your investment objectives, time horizon, risk tolerance, and potential tax implications before making any decisions. Consulting a qualified financial advisor can provide personalised guidance tailored to your individual circumstances.

SPYG vs SPYM

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare SPDR Portfolio S&P 500 Growth ETF (SPYG) and SPDR Portfolio S&P 500 ETF (SPYM). This page reviews fees, holdings, dividends and how each fund tracks its market, noting SPYG’s growth focus alongside SPYM’s broader S&P 500 approach. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SPYG

Metric

SPYM

0.04%

Expense Ratio

0.02%

0.47%

Dividend Yield

1.00%

$55.00B

Net Assets

$157.41B

153

Holdings

508

Sep 25, 2000

Inception Date

Nov 8, 2005

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Index Tracked

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Large Growth

Fund Category

–

SPYM costs about $2.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SPYG	SPYM
NVDANVIDIA Corporation	14.78%	8.15%
MSFTMicrosoft Corporation	10.07%	5.55%
AAPLApple Inc.	6.74%	7.43%
GOOGLAlphabet Inc.	5.64%	3.11%
AVGOBroadcom Inc.	4.67%	2.57%
GOOGAlphabet Inc.	4.50%	2.48%
METAMeta Platforms, Inc.	4.03%	2.22%
AMZNAmazon.com, Inc.	3.63%	3.77%
MUMicron Technology, Inc.	3.15%	1.74%

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Investment Analysis

SPYG

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SPYM

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About SPYG and SPYM

SPYG (SPYG)

The SPDR Portfolio S&P 500 Growth ETF offers investors a streamlined way to access large-cap companies within the S&P 500 index that exhibit growth characteristics. With an exceptionally low expense ratio of just 0.04%, this fund prioritises cost efficiency, making it an attractive option for long-term investors seeking broad exposure to growth-oriented sectors. Holding 153 stocks, it provides diversification across key growth leaders while maintaining a manageable portfolio size. Although its dividend yield of 0.47% is modest compared to income-focused funds, the primary aim here is capital appreciation driven by companies expected to outpace average market growth. As with any equity investment, values can rise and fall, and returns are not guaranteed. Investors should consider their own risk tolerance and investment objectives before allocating funds to this ETF, ensuring it aligns with their overall portfolio strategy.

SPYM (SPYM)

This ETF aims to track a large-cap US equity benchmark, typically offering diversified exposure to hundreds of major companies. With a low expense ratio of 0.02%, it is designed for cost-efficient long-term portfolio building. It holds a significant amount of net assets, currently reported at approximately USD 157.41 billion, which can indicate liquidity and widespread institutional use. The fund provides exposure across various sectors of the US economy through its holdings, currently numbering around 508 companies. Investors might consider this as a core holding or a satellite position to complement other assets. As with all equity investments, the value of the ETF can fluctuate, and there is no guarantee of profit. It serves as a vehicle for gaining broad market exposure rather than trying to outperform specific stocks.

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SPYG vs SPYM

Fund Snapshot