SPY vs VB
State Street SPDR S&P 500 ETF Trust vs Vanguard Small-Cap Index Fund ETF Shares
Last updated: 2026-04-02
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.
Vanguard Small-Cap Index Fund ETF Shares (VB) is an exchange-traded fund issued by Vanguard that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.33%. Launched in 2004, the fund has a 22-year track record.
Quick Verdict
VB has a slightly lower expense ratio (0.03% vs 0.09%), saving about $119 per $10,000 over 10 years. VB has edged ahead over the past year (18.4% vs 16.8%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 9 holdings overlap (0% overlap in top holdings)
SPY Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.58% |
| Apple Inc.AAPL | 6.66% |
| Microsoft CorporationMSFT | 4.91% |
| Amazon.com, Inc.AMZN | 3.64% |
| Broadcom Inc.AVGO | 2.62% |
| Alphabet Inc.GOOG | 2.40% |
| Meta Platforms, Inc.META | 2.24% |
| Tesla, Inc.TSLA | 1.87% |
| Berkshire Hathaway Inc.BRK.B | 1.57% |
VB Top Holdings
| Name | Weight |
|---|---|
| Sandisk CorporationSNDK | 1.21% |
| Comfort Systems USA, Inc.FIX | 0.65% |
| Lumentum Holdings Inc.LITE | 0.64% |
| Ciena CorporationCIEN | 0.64% |
| Coherent Corp.COHR | 0.53% |
| Rocket Lab CorporationRKLB | 0.48% |
| NRG Energy, Inc.NRG | 0.44% |
| Bloom Energy CorporationBE | 0.43% |
| EMCOR Group, Inc.EME | 0.42% |
Which One Should You Choose?
Choose VB if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.