What is the difference in expense ratios between SPYV and VOOV?

SPYV has an expense ratio of 0.04%, while VOOV's is 0.07%. This means SPYV is 0.03 percentage points cheaper to hold annually. Expense ratios reduce your net returns over time. For every £100 invested, SPYV deducts 4p per year, versus 7p for VOOV. While this difference seems small, it can compound significantly over long investment horizons. Lower fees are generally preferred, but the cost saving must be weighed against other factors like tracking accuracy or fund size. Always compare fees using the latest data, as they can change. The figures provided are from the source data and should be verified before making any decisions.

What does 'Large Value' mean in the context of SPYV and VOOV?

'Large Value' describes an investment strategy that targets established, big companies (large-cap) that are considered undervalued by the market. These stocks often have lower price-to-earnings ratios and may pay dividends. Both SPYV and VOOV are categorized as Large Value funds, meaning they aim to replicate this specific segment of the equity market. They typically exclude high-growth companies trading at premium valuations. While they track similar indices, the precise methodology and constituents can vary. This strategy is often associated with investors seeking a blend of stability and potential income, distinct from growth-focused investments. The categorization helps investors understand the underlying risk and return profile of the fund.

How do inception dates affect the comparison of SPYV and VOOV?

SPYV's inception date is Sep 25, 2000, while VOOV started on Sep 7, 2010. SPYV therefore has a longer performance history, allowing analysis of its behaviour over more market cycles, including the dot-com aftermath and the 2008 financial crisis. VOOV's shorter history means its track record is more recent. While this doesn't necessarily indicate better or worse future performance, it influences the confidence investors can place in long-term consistency. Both funds target the same strategy, but the available data for SPYV covers a broader period. Inception date is a factual metric for assessing operational history, not a recommendation signal. Investors should note these differences when reviewing long-term charts or backtests.

How similar are the top holdings of SPYV and VOOV?

The top ten holdings of SPYV and VOOV are identical in composition: AAPL, AMZN, XOM, INTC, WMT, CVX, COST, TSLA, BAC, and MRK. This high overlap suggests both funds provide nearly the same exposure to major large-cap value stocks. While the specific weights differ slightly (e.g., SPYV holds 8.24% in AAPL vs VOOV's 7.72%), the core portfolio is very similar. This means switching between them likely won't drastically change your market exposure. Investors comparing the two should expect diversified, large-company portfolios. However, minor weighting differences can lead to small performance variances. The shared holdings indicate both funds track comparable segments of the S&P 500 Value index effectively.

What do the dividend yields tell us about SPYV and VOOV?

SPYV has a dividend yield of 1.69%, compared to VOOV's 1.65%. Both yields are close and reflect income generated by the underlying large-cap value stocks. For ETFs, dividend yield represents trailing twelve-month distributions divided by the current price. It’s an indication of income potential but not guaranteed future payouts. These yields are modest, typical for value funds, as many large companies reinvest for growth or buy shares back. Higher yield can mean more cash return to shareholders before fees and taxes. Small differences like 0.04 percentage points may have minimal immediate impact but could compound. Yield depends on portfolio holdings, market price, and company dividend policies.

Which investing goals are these funds typically associated with?

SPYV and VOOV are typically associated with long-term growth combined with moderate income generation. Large-cap value strategies often appeal to investors seeking stability, as they invest in established companies with solid fundamentals. They may suit core portfolio allocations for balanced growth and dividend income. These funds are not usually chosen for high-growth, speculative returns or short-term trading. Instead, they fit goals like retirement savings or wealth preservation over many years, where lower volatility and consistent dividends are valued. The choice between them might hinge on fees, size, or issuer preference rather than fundamental strategy difference. Always align fund selection with your personal risk tolerance and time horizon.

How does fund size affect the comparison between SPYV and VOOV?

SPYV has $36.3 billion in net assets, significantly larger than VOOV's $6.7 billion. Larger funds often benefit from tighter bid-ask spreads and better liquidity, making them easier to trade in large volumes without affecting the price. They may also offer marginally lower costs through economies of scale, though SPYV's 0.04% vs VOOV's 0.07% ratio already reflects this. However, size is not the only factor; VOOV's smaller size could theoretically mean less market impact on huge trades, but both are generally liquid. Investors should consider their own trading frequency and volume needs. Larger asset bases don't guarantee performance, but they can influence operational efficiency.

What do missing sector weights imply for SPYV and VOOV?

The provided data shows that sector weights are not available for both SPYV and VOOV. Sector allocation is crucial for understanding how a fund diversifies risk across industries like Technology, Energy, or Financials. Without this data, investors cannot precisely gauge exposure to specific sectors or identify potential concentration risks. While both funds share similar top holdings, which may hint at sector composition, it's not definitive. Missing information means you must rely on other sources or the fund prospectuses for detailed breakdowns. This lack of transparency can make comparisons harder and may affect how you assess risk. Always seek updated, complete data from official fund documents for a full picture.

What does it mean when index tracked is listed as 'not available'?

The source data indicates that the specific index tracked by both SPYV and VOOV is not available. Index tracking methodology is essential because it defines how constituents are selected and weighted. Without this detail, it’s difficult to predict performance differences, tracking error, or future portfolio changes. Both funds are categorised as Large Value, implying they likely track an S&P 500 Value variant, but the precise index name or rules aren't specified. This gap means investors cannot fully analyse how strictly the funds adhere to the benchmark or whether one deviates more than the other. It underscores the need for consulting fund fact sheets for complete tracking specifications.

How should investors handle incomplete data when comparing ETFs like SPYV and VOOV?

When key details like inception dates for SPYV, index names, or sector weights are unavailable, investors should seek information directly from the fund providers' official websites or fact sheets. For instance, SPYV's inception date is Sep 25, 2000, which is provided, but the index tracked is not. This highlights the importance of cross-referencing sources. Do not assume missing figures are identical to peers. Use available metrics (expense ratios, yields, holdings) where possible, but recognise their limitations. Educational content can't replace official data. Always verify information with primary sources and consider seeking independent financial advice if unsure how to interpret gaps in data. Incomplete data can skew analysis.

What is the key takeaway from this educational comparison?

This page compares SPYV and VOOV using publicly available data as of Sep 22, 2026, to highlight differences in fees, holdings, and structure. Both funds offer similar large-cap value exposure with minimal differences in top holdings, but SPYV has lower costs, a larger size, and a longer history. However, key data points like index tracked and sector weights are missing. This underscores the need for independent verification. Investors should not use this content to make financial decisions; it is for educational purposes only. Always review fund documents and seek professional advice to understand suitability, risks, and current details.

SPYV vs VOOV

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

Compare SPDR Portfolio S&P 500 Value ETF and S&P 500 Value Vanguard. This page examines their fees, holdings, dividends and market tracking. SPYV features a 0.04% expense ratio, while VOOV has 0.07%. Both track large-cap value strategies with significant overlap in top holdings. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SPYV

Metric

VOOV

0.04%

Expense Ratio

0.07%

1.69%

Dividend Yield

1.65%

$36.32B

Net Assets

$6.69B

438

Holdings

450

Sep 25, 2000

Inception Date

Sep 7, 2010

–

Index Tracked

–

Large Value

Fund Category

Large Value

SPYV costs about $3.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SPYV	VOOV
AAPLApple Inc.	8.24%	7.72%
AMZNAmazon.com, Inc.	3.93%	3.96%
XOMExxonMobil Holdings Corporation	2.26%	2.21%
INTCIntel Corporation	1.81%	1.47%
WMTWalmart Inc.	1.60%	1.52%
CVXChevron Corporation	1.39%	1.28%
COSTCostco Wholesale Corporation	1.33%	1.39%
TSLATesla, Inc.	1.31%	1.31%
BACBank of America Corporation	1.26%	1.34%
MRKMerck & Co., Inc.	1.22%	1.21%

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Investment Analysis

SPYV

Pros

SPYV offers a lower expense ratio of 0.04 per cent compared to VOOV, reducing annual holding costs for investors.
The fund's significant net assets of $36.3 billion may contribute to tighter bid-ask spreads and enhanced trading liquidity.
A dividend yield of 1.69 per cent is marginally higher than VOOV, providing slightly more income to shareholders.

Considerations

The fund lacks available sector weight data, limiting the ability to analyse industry diversification from provided metrics.
Inception date is unavailable in the provided data, preventing assessment of the fund's specific long-term performance history.
The index tracked is not listed, obscuring the precise methodology used to determine constituent inclusion and weighting.

VOOV

Pros

VOOV provides access to large value equities through a well-known issuer, potentially appealing to those preferring brand familiarity.
Despite higher fees, its structure mirrors SPYV's holdings, allowing investors to maintain similar exposure to major value companies.
The fund's inception date is documented, enabling comparison of its performance against benchmarks over the specified period.

Considerations

VOOV carries a higher expense ratio of 0.07 per cent, making it more costly than the lower-fee SPYV alternative.
Net assets are substantially smaller at $6.7 billion, which might theoretically impact liquidity compared to the larger SPYV fund.
A slightly lower dividend yield of 1.65 per cent offers marginally less income generation than SPYV's 1.69 per cent.

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About SPYV and VOOV

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.

VOOV (VOOV)

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SPYV vs VOOV

Fund Snapshot