ETF Versus

SPYG vs VONG

State Street SPDR Portfolio S&P 500 Growth ETF vs Vanguard Russell 1000 Growth Index Fund ETF Shares

Last updated: 2026-04-10

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
VONG Vanguard

Vanguard Russell 1000 Growth Index Fund ETF Shares (VONG) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a low expense ratio of 0.06%. The fund offers a modest dividend yield of 0.48%. Launched in 2010, the fund has a 16-year track record.

AUM: $39.1B ER: 0.06% Yield: 0.48% Since: Sep 20, 2010

Quick Verdict

SPYG has a slightly lower expense ratio (0.04% vs 0.06%), saving about $40 per $10,000 over 10 years. Over the past year, SPYG has significantly outperformed with a 36.0% return vs 29.8%.

Key Metrics

Metric SPYG VONG
Expense Ratio 0.04% 0.06%
Dividend Yield 0.5% 0.5%
Fund Family SPDR Vanguard
Category US Large Cap Growth US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

80 102 124 146 168 190 2021-04 2022-07 2023-10 2025-01 2026-04
SPYG +75.3%
VONG +74.0%

Performance Comparison

Period SPYG VONG Difference
1 Month +0.63% -1.12% +1.75%
3 Months -3.48% -6.47% +2.99%
6 Months -0.04% -4.74% +4.70%
YTD -2.09% -5.41% +3.32%
1 Year +35.95% +29.84% +6.11%
3 Years +88.56% +84.47% +4.09%
5 Years +75.34% +74.03% +1.31%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SPYG Fees VONG Fees You Save
$10,000 10 years $80 $120 $40
$10,000 20 years $344 $515 $171
$10,000 30 years $1,112 $1,664 $552
$50,000 10 years $399 $598 $199
$50,000 30 years $5,560 $8,318 $2,758
$100,000 30 years $11,121 $16,637 $5,516

Risk Metrics

Based on 5 years of daily returns

Metric SPYG VONG
Annualized Volatility 21.1% 21.4%
Max Drawdown -33.1% -33.2%
Sharpe Ratio 0.43 0.42

Dividend Comparison

Metric SPYG VONG
Annual Dividend (per share) $0.56 $0.56
Dividend Yield 0.54% 0.48%
Distribution Frequency Quarterly Quarterly

Top Holdings

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

SPYG Top Holdings

NameWeight
NVIDIA CorporationNVDA14.49%
Microsoft CorporationMSFT9.10%
Apple Inc.AAPL6.22%
Broadcom Inc.AVGO5.44%
Alphabet Inc.GOOG4.82%
Meta Platforms, Inc.META4.39%
Amazon.com, Inc.AMZN3.75%
Berkshire Hathaway Inc.BRK.B2.88%
Eli Lilly and CompanyLLY2.47%

VONG Top Holdings

NameWeight
NVIDIA CorporationNVDA12.18%
Apple Inc.AAPL11.35%
Microsoft CorporationMSFT8.64%
Broadcom Inc.AVGO4.59%
Amazon.com, Inc.AMZN4.33%
Meta Platforms, Inc.META3.76%
Tesla, Inc.TSLA3.58%
Eli Lilly and CompanyLLY2.94%
Alphabet Inc.GOOG2.92%

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.

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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