What is the expense ratio of SPSM vs SPYG?

SPSM has an expense ratio of 0.03%, while SPYG has an expense ratio of 0.04%.

SPSM vs SPYG

State Street SPDR Portfolio S&P 600 Small Cap ETF vs State Street SPDR Portfolio S&P 500 Growth ETF

Last updated: 2026-04-10

SPSM SPDR

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund issued by SPDR 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 1.52%. Launched in 2013, the fund has a 13-year track record.

AUM: $14.6B ER: 0.03% Yield: 1.52% Since: Jul 8, 2013

SPYG SPDR

State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.54%. Launched in 2000, the fund has a 26-year track record.

AUM: $44.2B ER: 0.04% Yield: 0.54% Since: Sep 25, 2000

Quick Verdict

Both funds have nearly identical expense ratios (0.03% vs 0.04%), so fees are not a differentiator here. SPSM has edged ahead over the past year (37.6% vs 36.0%). Income investors may prefer SPSM for its higher yield (1.5% vs 0.5%).

Key Metrics

Metric	SPSM	SPYG
Expense Ratio	0.03%	0.04%
Dividend Yield	1.5%	0.5%
Fund Family	SPDR	SPDR
Category	US Small Cap	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

SPSM +18.5%

SPYG +75.3%

Performance Comparison

Period	SPSM	SPYG	Difference
1 Month	+4.27%	+0.63%	+3.64%
3 Months	+2.71%	-3.48%	+6.19%
6 Months	+11.44%	-0.04%	+11.48%
YTD	+7.01%	-2.09%	+9.10%
1 Year	+37.58%	+35.95%	+1.63%
3 Years	+34.97%	+88.56%	-53.59%
5 Years	+18.48%	+75.34%	-56.86%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	SPSM Fees	SPYG Fees	You Save
$10,000	10 years	$60	$80	$20
$10,000	20 years	$258	$344	$86
$10,000	30 years	$835	$1,112	$277
$50,000	10 years	$299	$399	$100
$50,000	30 years	$4,176	$5,560	$1,385
$100,000	30 years	$8,352	$11,121	$2,769

Risk Metrics

Based on 5 years of daily returns

Metric	SPSM	SPYG
Annualized Volatility	21.5%	21.1%
Max Drawdown	-28.7%	-33.1%
Sharpe Ratio	0.06	0.43

Dividend Comparison

Metric	SPSM	SPYG
Annual Dividend (per share)	$0.77	$0.56
Dividend Yield	1.52%	0.54%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

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

SPSM Top Holdings

Name	Weight
Viavi Solutions Inc.VIAV	0.60%
FormFactor, Inc.FORM	0.57%
Eastman Chemical CompanyEMN	0.53%
Primoris Services CorporationPRIM	0.53%
Element Solutions IncESI	0.53%
Argan, Inc.AGX	0.51%
Semtech CorporationSMTC	0.51%
ESCO Technologies Inc.ESE	0.50%
Match Group, Inc.MTCH	0.49%
Viasat, Inc.VSAT	0.48%

SPYG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	14.49%
Microsoft CorporationMSFT	9.10%
Apple Inc.AAPL	6.22%
Broadcom Inc.AVGO	5.44%
Alphabet Inc.GOOG	4.82%
Meta Platforms, Inc.META	4.39%
Amazon.com, Inc.AMZN	3.75%
Berkshire Hathaway Inc.BRK.B	2.88%
Eli Lilly and CompanyLLY	2.47%

Which One Should You Choose?

Choose SPSM if...

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

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