ETF Versus

SPLG vs SPY

State Street SPDR Portfolio S&P 500 ETF vs State Street SPDR S&P 500 ETF Trust

Last updated: 2026-04-02

SPLG State Street

State Street SPDR Portfolio S&P 500 ETF (SPLG) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.02%. The fund offers a moderate dividend yield of 1.26%. Launched in 2009, the fund has a 17-year track record.

AUM: N/A ER: 0.02% Yield: 1.26% Since: 2009-01-02
SPY State Street

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. equities across growth and value styles. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.13%. Launched in 1993, the fund has a 33-year track record.

AUM: $636.7B ER: 0.09% Yield: 1.13% Since: Jan 22, 1993

Quick Verdict

SPLG has a slightly lower expense ratio (0.02% vs 0.09%), saving about $139 per $10,000 over 10 years. Both funds have delivered similar 1-year returns (16.0% vs 16.8%), tracking closely.

Key Metrics

Metric SPLG SPY
Expense Ratio 0.02% 0.09%
Dividend Yield 1.3% 1.1%
Fund Family State Street State Street
Category US Large Cap Blend US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 103 121 139 157 175 2021-04 2022-06 2023-09 2024-12 2026-03
SPLG +60.2%
SPY +61.2%

Performance Comparison

Period SPLG SPY Difference
1 Month -5.24% -4.54% -0.70%
3 Months -4.79% -4.09% -0.70%
6 Months -2.78% -2.09% -0.69%
YTD -4.79% -4.09% -0.70%
1 Year +15.99% +16.80% -0.81%
3 Years +58.37% +59.45% -1.08%
5 Years +60.23% +61.25% -1.02%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPLG Fees SPY Fees You Save
$10.000 10 years $40 $179 $139
$10.000 20 years $172 $771 $598
$10.000 30 years $558 $2.486 $1.928
$50.000 10 years $200 $896 $696
$50.000 30 years $2.788 $12.428 $9.640
$100.000 30 years $5.575 $24.855 $19.280

Risk Metrics

Based on 5 years of daily returns

Metric SPLG SPY
Annualized Volatility 16.8% 17.1%
Max Drawdown -25.4% -25.4%
Sharpe Ratio 0.38 0.38

Dividend Comparison

Metric SPLG SPY
Annual Dividend (per share) $0.88 $7.38
Dividend Yield 1.16% 1.13%
Distribution Frequency Quarterly Quarterly

Top Holdings

SPY Top Holdings

NameWeight
NVIDIA CorporationNVDA7.58%
Apple Inc.AAPL6.66%
Microsoft CorporationMSFT4.91%
Amazon.com, Inc.AMZN3.64%
Broadcom Inc.AVGO2.62%
Alphabet Inc.GOOG2.40%
Meta Platforms, Inc.META2.24%
Tesla, Inc.TSLA1.87%
Berkshire Hathaway Inc.BRK.B1.57%

Which One Should You Choose?

Choose SPLG if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Either works if...

you just need broad us large cap blend exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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