ETF Versus

SPY vs VEA

State Street SPDR S&P 500 ETF Trust vs Vanguard FTSE Developed Markets Index Fund ETF Shares

Last updated: 2026-04-02

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
VEA Vanguard

Vanguard FTSE Developed Markets Index Fund ETF Shares (VEA) is an exchange-traded fund issued by Vanguard that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 2.88%. Launched in 2007, the fund has a 19-year track record.

AUM: $198.8B ER: 0.03% Yield: 2.88% Since: Jul 20, 2007

Quick Verdict

VEA has a slightly lower expense ratio (0.03% vs 0.09%), saving about $119 per $10,000 over 10 years. Over the past year, VEA has significantly outperformed with a 27.7% return vs 16.8%. Income investors may prefer VEA for its higher yield (2.9% vs 1.1%).

Key Metrics

Metric SPY VEA
Expense Ratio 0.09% 0.03%
Dividend Yield 1.1% 2.9%
Fund Family State Street Vanguard
Category US Large Cap Blend International Developed

Performance Chart

Indexed to 100 at start (5-year comparison)

70 91 112 133 154 175 2021-04 2022-06 2023-09 2024-12 2026-04
SPY +61.2%
VEA +29.0%

Performance Comparison

Period SPY VEA Difference
1 Month -4.54% -5.61% +1.07%
3 Months -4.09% +3.07% -7.16%
6 Months -2.09% +6.68% -8.77%
YTD -4.09% +3.07% -7.16%
1 Year +16.80% +27.70% -10.90%
3 Years +59.45% +43.04% +16.41%
5 Years +61.25% +28.99% +32.26%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPY Fees VEA Fees You Save
$10.000 10 years $179 $60 $119
$10.000 20 years $771 $258 $512
$10.000 30 years $2.486 $835 $1.650
$50.000 10 years $896 $299 $597
$50.000 30 years $12.428 $4.176 $8.252
$100.000 30 years $24.855 $8.352 $16.503

Risk Metrics

Based on 5 years of daily returns

Metric SPY VEA
Annualized Volatility 17.1% 16.4%
Max Drawdown -25.4% -32.3%
Sharpe Ratio 0.38 0.12

Dividend Comparison

Metric SPY VEA
Annual Dividend (per share) $7.38 $1.88
Dividend Yield 1.13% 2.88%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in 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%

VEA Top Holdings

NameWeight
Samsung Electronics Co., Ltd.!krx/0059302.18%
ASML Holding N.V.!ams/ASML1.77%
SK hynix Inc.!krx/0006601.24%
Roche Holding AGROC1.L1.03%
Novartis AG!swx/NOVN1.00%
HSBC Holdings plc!lon/HSBA0.99%
AstraZeneca PLC!lon/AZN0.98%
Nestlé S.A.!swx/NESN0.86%
Toyota Motor Corporation!tyo/72030.80%

Which One Should You Choose?

Choose VEA if...

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

Choose VEA if...

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

Choose VEA if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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