ETF Versus

SPYD vs SPYV

State Street SPDR Portfolio S&P 500 High Dividend ETF vs State Street SPDR Portfolio S&P 500 Value ETF

Last updated: 2026-04-10

SPYD SPDR

State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund issued by SPDR that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges a low expense ratio of 0.07%. The fund offers a high dividend yield of 4.33%. Launched in 2015, the fund has a 11-year track record.

AUM: $7.1B ER: 0.07% Yield: 4.33% Since: Oct 21, 2015
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

SPYV has a slightly lower expense ratio (0.04% vs 0.07%), saving about $60 per $10,000 over 10 years. Over the past year, SPYV has significantly outperformed with a 22.8% return vs 15.3%. Income investors may prefer SPYD for its higher yield (4.3% vs 1.8%).

Key Metrics

Metric SPYD SPYV
Expense Ratio 0.07% 0.04%
Dividend Yield 4.3% 1.8%
Fund Family SPDR SPDR
Category US Dividend US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

80 95 110 125 140 155 2021-04 2022-07 2023-10 2025-01 2026-04
SPYD +17.3%
SPYV +49.5%

Performance Comparison

Period SPYD SPYV Difference
1 Month -0.44% +0.45% -0.89%
3 Months +3.93% -0.64% +4.57%
6 Months +6.95% +5.61% +1.34%
YTD +5.33% +1.47% +3.86%
1 Year +15.30% +22.77% -7.47%
3 Years +19.97% +41.94% -21.97%
5 Years +17.27% +49.47% -32.20%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPYD Fees SPYV Fees You Save
$10,000 10 years $140 $80 $60
$10,000 20 years $600 $344 $256
$10,000 30 years $1,938 $1,112 $826
$50,000 10 years $698 $399 $298
$50,000 30 years $9,692 $5,560 $4,131
$100,000 30 years $19,383 $11,121 $8,263

Risk Metrics

Based on 5 years of daily returns

Metric SPYD SPYV
Annualized Volatility 16.5% 14.4%
Max Drawdown -27.4% -19.1%
Sharpe Ratio 0.00 0.32

Dividend Comparison

Metric SPYD SPYV
Annual Dividend (per share) $1.99 $1.03
Dividend Yield 4.33% 1.78%
Distribution Frequency Quarterly Quarterly

Top Holdings

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

SPYD Top Holdings

NameWeight
APA CorporationAPA1.78%
LyondellBasell Industries N.V.LYB1.75%
Dow Inc.DOW1.69%
EOG Resources, Inc.EOG1.57%
Edison InternationalEIX1.50%
Verizon Communications Inc.VZ1.49%
Phillips 66PSX1.45%
AT&T Inc.T1.42%
Target CorporationTGT1.42%
Chevron CorporationCVX1.41%

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 SPYV if...

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

Choose SPYV if...

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

Choose SPYD if...

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

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