How do the expense ratios of SPYM and SPYV differ and what does it mean?

SPYM has an expense ratio of 0.02%, while SPYV's is 0.04%, making the difference 0.02 percentage points. Although small, fees reduce returns over time as they are deducted continuously from fund assets. Investors seeking the absolute lowest cost might find SPYM appealing, but both ratios remain very competitive within the ETF market and represent minimal cost drag.

How do the inception dates of SPYM and SPYV compare?

SPYV has the earlier inception date at Sep 25, 2000, whereas SPYM started on Nov 8, 2005. This means SPYV has operated for roughly five years longer, providing a marginally extended track record for observing how the fund has handled different market conditions, although both funds have significant histories in the ETF landscape.

What are net assets and how do SPYM and SPYV compare?

Net assets represent the total market value of holdings managed by the ETF. SPYM holds $157.4 billion, significantly larger than SPYV's $36.3 billion. Generally, larger funds like SPYM may offer greater liquidity and tighter bid-ask spreads due to higher trading volumes, whereas the smaller size of SPYV might reflect its more specialized value-focused mandate.

What index does SPYM track compared to SPYV?

While SPYM and SPYV index data are not available, SPYM typically targets a broad market benchmark like the S&P 500. SPYV, however, tracks the S&P 500 Value Index, targeting companies within that market considered undervalued based on specific metrics, resulting in a different subset of holdings compared to the full market index.

How do top holdings overlap between SPYM and SPYV?

AAPL, AMZN and TSLA appear in the top-10 lists of both funds. However, SPYM features tech leaders like NVDA and MSFT, whereas SPYV includes value-oriented names such as XOM and WMT. This distinction highlights that while major companies appear across indexes, the specific weighting and additional constituents vary significantly between the funds.

Which fund offers a higher dividend yield?

SPYV provides a 1.69% dividend yield, compared with 1.00% for SPYM. This difference arises because value-focused funds like SPYV often hold companies that pay more substantial dividends as a way to return capital to shareholders. SPYM's yield reflects the overall large-cap market, which currently includes many growth companies that prioritize reinvestment over payouts.

What category best describes the investment strategy of SPYV?

SPYV is clearly classified in the Large Value category. This designation indicates that the fund targets large-capitalisation companies considered to have lower relative valuations compared to peers. In contrast, SPYM's category data is not available in the current view, but it is designed to provide broad exposure to the S&P 500 market.

Which sectors do SPYM and SPYV focus on?

The sector weightings for both SPYM and SPYV are currently not available. Consequently, specific comparisons regarding sector diversification or sector bets cannot be made using the provided data. Investors might look to the top holdings, such as NVDA in SPYM versus XOM in SPYV, as a proxy for where market weight may differ.

Which fund is more heavily weighted in technology stocks?

SPYM appears more concentrated in technology, as evidenced by its top holdings: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO and GOOG are significant weightings. In contrast, SPYV's top holdings, while including AAPL, also feature substantial positions in industrials and energy, such as INTC, XOM and WMT.

What is a suitable goal for an investor considering SPYM and SPYV?

SPYM is generally associated with investors seeking comprehensive exposure to the broad large-cap US market with the lowest possible fees. SPYV is typically suited for those wanting to tilt their portfolio towards value stocks for potentially more regular income. Both offer different approaches depending on whether the goal is market replication or strategic tilting.

What should beginners know before comparing these two ETFs?

Beginners should note that SPYV's yield of 1.69% is higher than SPYM's 1.00%, reflecting their different focuses. SPYM is larger at $157.4 billion versus SPYV's $36.3 billion, but fees differ by just 0.02 percentage points. Both funds share some holdings but represent very different strategies, value versus broad market exposure.

Disclaimer regarding this ETF comparison?

This information is educational only and does not constitute financial advice. The performance figures and holdings data provided, including SPYM's 0.02% expense ratio and SPYV's 1.69% yield, are sourced from Yahoo Finance as of 2026-09-22. Always conduct your own due diligence or consult a qualified financial professional.

SPYM vs SPYV

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

This page compares SPDR Portfolio S&P 500 ETF (SPYM) and SPDR Portfolio S&P 500 Value ETF (SPYV), examining fees, holdings, dividends and how each fund tracks its market. SPYM has an expense ratio of 0.02%, while SPYV is 0.04%. Both offer broad US exposure, with SPYV focusing on value characteristics. Educational content, not financial advice.

Fund Snapshot

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Investment Analysis

SPYM

Pros

The extremely low 0.02% expense ratio minimises cost drag on long-term portfolio returns.
Substantial $157.4 billion net assets generally support tight bid-ask spreads and high liquidity.
The 2005 inception date demonstrates a lengthy operational track record for this large fund.

Considerations

The 1.00% dividend yield is comparatively low for investors seeking regular income streams.
Significant concentration exists in ten holdings that make up a large portion of the total value.
Absence of explicit sector weightings or index details requires extra research for portfolio alignment.

SPYV

Pros

The 1.69% dividend yield offers a more substantial regular income compared to the alternative fund.
The Large Value category classification provides a clear indication of its core investment strategy.
Its 2000 inception date provides the longest history of the two funds for comparison purposes.

Considerations

The 0.04% expense ratio is double the cost of the other listed fund.
The smaller $36.3 billion asset base might indicate slightly less liquidity or trading depth.
High concentration remains evident as ten specific holdings dominate the fund’s total portfolio value.

About SPYM and SPYV

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.

SPYV (SPYV)

The SPDR Portfolio S&P 500 Value ETF is designed to provide investors with exposure to large-capitalisation companies that are considered value-oriented. This fund seeks to track the performance of the S&P 500 Value Index, which includes a subset of the broader S&P 500 index. With a very low expense ratio of 0.04%, it is an affordable option for those looking to diversify their portfolios. The fund holds 438 different stocks and currently has net assets of USD 36.32 billion. Investors should note that while the fund has a dividend yield of 1.69%, there is no guarantee of returns, and the value of investments can fluctuate. It is important to consider your own risk tolerance and investment objectives before making any investment decisions.

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Holding	SPYM	SPYV
AAPLApple Inc.	7.43%	8.24%
AMZNAmazon.com, Inc.	3.77%	3.93%
TSLATesla, Inc.	1.55%	1.31%

SPYM vs SPYV

Fund Snapshot