What is the expense ratio of SPY vs SPYG?

SPY has an expense ratio of 0.09%, while SPYG has an expense ratio of 0.04%.

SPY vs SPYG

State Street SPDR S&P 500 ETF Trust vs State Street SPDR Portfolio S&P 500 Growth ETF

Last updated: 2026-04-10

SPY SPDR

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund issued by SPDR 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 1.09%. Launched in 1993, the fund has a 33-year track record.

AUM: $678.3B ER: 0.09% Yield: 1.09% Since: Jan 22, 1993

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

SPYG has a slightly lower expense ratio (0.04% vs 0.09%), saving about $99 per $10,000 over 10 years. Over the past year, SPYG has significantly outperformed with a 36.0% return vs 29.6%. Income investors may prefer SPY for its higher yield (1.1% vs 0.5%).

Key Metrics

Metric	SPY	SPYG
Expense Ratio	0.09%	0.04%
Dividend Yield	1.1%	0.5%
Fund Family	SPDR	SPDR
Category	US Large Cap Blend	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

SPY +65.2%

SPYG +75.3%

Performance Comparison

Period	SPY	SPYG	Difference
1 Month	+0.54%	+0.63%	-0.09%
3 Months	-2.19%	-3.48%	+1.29%
6 Months	+2.55%	-0.04%	+2.59%
YTD	-0.47%	-2.09%	+1.62%
1 Year	+29.62%	+35.95%	-6.33%
3 Years	+65.95%	+88.56%	-22.61%
5 Years	+65.18%	+75.34%	-10.16%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	SPY Fees	SPYG Fees	You Save
$10,000	10 years	$179	$80	$99
$10,000	20 years	$771	$344	$427
$10,000	30 years	$2,486	$1,112	$1,373
$50,000	10 years	$896	$399	$497
$50,000	30 years	$12,428	$5,560	$6,867
$100,000	30 years	$24,855	$11,121	$13,734

Risk Metrics

Based on 5 years of daily returns

Metric	SPY	SPYG
Annualized Volatility	17.1%	21.1%
Max Drawdown	-25.4%	-33.1%
Sharpe Ratio	0.41	0.43

Dividend Comparison

Metric	SPY	SPYG
Annual Dividend (per share)	$7.38	$0.56
Dividend Yield	1.09%	0.54%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

SPY Top Holdings

Name	Weight
NVIDIA CorporationNVDA	7.61%
Apple Inc.AAPL	6.54%
Microsoft CorporationMSFT	4.78%
Amazon.com, Inc.AMZN	3.72%
Broadcom Inc.AVGO	2.86%
Alphabet Inc.GOOG	2.53%
Meta Platforms, Inc.META	2.31%
Tesla, Inc.TSLA	1.66%
Berkshire Hathaway Inc.BRK.B	1.51%

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 SPYG if...

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

Choose SPYG if...

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

Choose SPY if...

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

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AGG vs SPY ARKK vs SPY BIL vs SPY BIL vs SPYG BND vs SPY BNDX vs SPY COWZ vs SPY EFA vs SPY