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SPSM vs SPYV

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

State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is an exchange-traded fund issued by SPDR that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.78%. Launched in 2000, the fund has a 26-year track record.

AUM: $32.5B ER: 0.04% Yield: 1.78% 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. Over the past year, SPSM has significantly outperformed with a 37.6% return vs 22.8%.

Key Metrics

Metric SPSM SPYV
Expense Ratio 0.03% 0.04%
Dividend Yield 1.5% 1.8%
Fund Family SPDR SPDR
Category US Small Cap US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

75 91 107 123 139 155 2021-04 2022-07 2023-10 2025-01 2026-04
SPSM +18.5%
SPYV +49.5%

Performance Comparison

Period SPSM SPYV Difference
1 Month +4.27% +0.45% +3.82%
3 Months +2.71% -0.64% +3.35%
6 Months +11.44% +5.61% +5.83%
YTD +7.01% +1.47% +5.54%
1 Year +37.58% +22.77% +14.81%
3 Years +34.97% +41.94% -6.97%
5 Years +18.48% +49.47% -30.99%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPSM Fees SPYV 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 SPYV
Annualized Volatility 21.5% 14.4%
Max Drawdown -28.7% -19.1%
Sharpe Ratio 0.06 0.32

Dividend Comparison

Metric SPSM SPYV
Annual Dividend (per share) $0.77 $1.03
Dividend Yield 1.52% 1.78%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

SPSM Top Holdings

NameWeight
Viavi Solutions Inc.VIAV0.60%
FormFactor, Inc.FORM0.57%
Eastman Chemical CompanyEMN0.53%
Primoris Services CorporationPRIM0.53%
Element Solutions IncESI0.53%
Argan, Inc.AGX0.51%
Semtech CorporationSMTC0.51%
ESCO Technologies Inc.ESE0.50%
Match Group, Inc.MTCH0.49%
Viasat, Inc.VSAT0.48%

SPYV Top Holdings

NameWeight
Apple Inc.AAPL6.89%
Amazon.com, Inc.AMZN3.68%
Exxon Mobil CorporationXOM2.37%
Walmart Inc.WMT2.02%
Costco Wholesale CorporationCOST1.66%
Tesla, Inc.TSLA1.33%
Chevron CorporationCVX1.31%
Bank of America CorporationBAC1.25%
The Procter & Gamble CompanyPG1.22%
The Home Depot, Inc.HD1.21%

Which One Should You Choose?

Choose SPSM if...

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

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