Key Differences
| Feature | SPY | VYM |
|---|---|---|
| Expense Ratio | 0.09% | 0.04% |
| Dividend Yield | 1.2% | 2.3% |
| Holdings | 500+ | 450+ |
| Index Tracked | S&P 500 Index | FTSE High Dividend Yield Index |
| Inception Date | 1993-01-22 | 2006-11-10 |
SPY vs VYM: Which Is Better?
SPY and VYM are both widely used by ETF investors, but they serve different portfolio roles depending on diversification goals, sector exposure, and long-term strategy.
SPY is designed for investors seeking broad U.S. large-cap exposure and tracks S&P 500 Index. It is commonly used in portfolios focused on us large cap allocations.
VYM is designed for investors seeking high dividend yield US companies exposure and tracks FTSE High Dividend Yield Index. It is commonly used in portfolios focused on us large cap value allocations.
Portfolio Overlap
Understanding how much SPY and VYM overlap in their underlying holdings is key to evaluating whether combining them adds diversification or creates redundancy in your portfolio.
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