What is the expense ratio of SPY vs VBR?

SPY has an expense ratio of N/A%, while VBR has an expense ratio of N/A%.

SPY vs VBR

State Street SPDR S&P 500 ETF Trust vs Vanguard Small-Cap Value Index Fund ETF Shares

Last updated: 2026-04-02

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 1993, the fund has a 33-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 1993-01-29

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

SPY has edged ahead over the past year (16.1% vs 15.0%).

Key Metrics

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

Performance Chart

Indexed to 100 at start (5-year comparison)

SPY +61.2%

VBR +29.6%

Performance Comparison

Period	SPY	VBR	Difference
1 Month	-3.69%	-4.01%	+0.32%
3 Months	-4.09%	+1.73%	-5.82%
6 Months	-2.44%	+3.54%	-5.98%
YTD	-4.09%	+1.73%	-5.82%
1 Year	+16.07%	+15.02%	+1.05%
3 Years	+59.45%	+37.32%	+22.13%
5 Years	+61.25%	+29.61%	+31.64%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	SPY 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	SPY	VBR
Annualized Volatility	17.1%	19.9%
Max Drawdown	-25.4%	-25.1%
Sharpe Ratio	0.38	0.14

Dividend Comparison

Metric	SPY	VBR
Annual Dividend (per share)	$7.38	$4.14
Dividend Yield	1.13%	1.90%
Distribution Frequency	Quarterly	Quarterly

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