ETF Versus

SPSM vs VBR

State Street SPDR Portfolio S&P 600 Small Cap ETF vs Vanguard Small-Cap Value Index Fund ETF Shares

Last updated: 2026-04-02

SPSM

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that provides exposure to small-cap U.S. equities with higher growth potential and volatility. Launched in 2013, the fund has a 13-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2013-07-09
VBR

Vanguard Small-Cap Value Index Fund ETF Shares (VBR) is an exchange-traded fund that provides exposure to us small cap value securities. Launched in 2004, the fund has a 22-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2004-01-30

Quick Verdict

SPSM has edged ahead over the past year (17.2% vs 15.0%).

Key Metrics

Metric SPSM VBR
Expense Ratio N/A N/A
Dividend Yield N/A N/A
Fund Family N/A N/A
Category US Small Cap US Small Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

80 92 104 116 128 140 2021-04 2022-06 2023-09 2024-12 2026-04
SPSM +13.0%
VBR +29.6%

Performance Comparison

Period SPSM VBR Difference
1 Month -3.42% -4.01% +0.59%
3 Months +2.83% +1.73% +1.10%
6 Months +4.15% +3.54% +0.61%
YTD +2.83% +1.73% +1.10%
1 Year +17.20% +15.02% +2.18%
3 Years +28.78% +37.32% -8.54%
5 Years +12.96% +29.61% -16.65%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPSM Fees VBR Fees You Save
$10,000 10 years $0 $0 $0
$10,000 20 years $0 $0 $0
$10,000 30 years $0 $0 $0
$50,000 10 years $0 $0 $0
$50,000 30 years $0 $0 $0
$100,000 30 years $0 $0 $0

Risk Metrics

Based on 5 years of daily returns

Metric SPSM VBR
Annualized Volatility 21.5% 19.9%
Max Drawdown -28.7% -25.1%
Sharpe Ratio 0.01 0.14

Dividend Comparison

Metric SPSM VBR
Annual Dividend (per share) $0.77 $4.14
Dividend Yield 1.58% 1.90%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose SPSM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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