SPY vs VTI: Yield, Cost and Returns Compared
As of Nov 8, 2026, VTI yields more: 1.09% (dividend yield) against 1.03% for SPY. VTI is cheaper to own at 0.03% a year vs 0.09%. Over the same 18 years (Dec 2007 to Oct 2026), SPY returned 11.1% a year with distributions reinvested, and VTI 11.0%.
SPYState Street SPDR S&P 500 ETF Trust1.03%dividend yield
VTIVanguard Morningstar Total Stock Market ETF1.09%dividend yield| Compared | SPY | VTI |
|---|---|---|
| YieldDividend yield | 1.03% | 1.09% |
| Expense ratio | 0.09% | 0.03% |
| Total return, 1 yr | +12.0% | +12.0% |
| Total return, 3 yr (a year) | +23.3% | +23.1% |
| Total return, 5 yr (a year) | +12.0% | +10.9% |
| Total return, 10 yr (a year) | +15.3% | +14.9% |
| Worst drop since Dec 2007 | -48.2% | -48.2% |
| Share price since Dec 2007 | +417% | +412% |
| Pays | Quarterly | Quarterly |
| Issuer | State Street Investment Management | Vanguard |
| Assets | $796.9B | $2.3T |
| Started | 1993 | 2001 |
| Type | Large Blend | Large Blend |
Higher yield
VTI
1.09%
Lower cost
VTI
0.03%
Better total return
SPY
11.1%/yr
Smaller worst drop
VTI
-48.2%
Key facts: SPY vs VTI
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, SPY yields 1.03% (dividend yield) and VTI yields 1.09% (dividend yield).
- SPY's expense ratio is 0.09% and VTI's is 0.03%: $9 vs $3 a year on $10,000.
- From Dec 2007 to Oct 2026, $10,000 in SPY grew to $72,756 (11.1% a year) and $10,000 in VTI to $71,593 (11.0% a year), distributions reinvested.
- Their worst month-end drops over that time: -48.2% for SPY and -48.2% for VTI.
- 9 of SPY's top ten holdings are also in VTI's top ten, an overlap of at least 33% of the fund.
Cite this page
SmarterDividends, "SPY vs VTI: Yield, Cost and Returns Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/spy-vs-vti
$10,000 in each, Dec 2007 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
SPY became
$72,756
11.1% a year
VTI became
$71,593
11.0% a year
Year by year
| Year | SPY | VTI |
|---|---|---|
| 2025 | +17.7% | +17.1% |
| 2024 | +24.9% | +23.8% |
| 2023 | +26.2% | +26.0% |
| 2022 | −18.2% | −19.5% |
| 2021 | +28.7% | +25.7% |
| 2020 | +18.3% | +21.1% |
| 2019 | +31.2% | +30.7% |
| 2018 | −4.6% | −5.2% |
| 2017 | +21.7% | +21.2% |
| 2016 | +12.0% | +12.8% |
| 2015 | +1.2% | +0.4% |
| 2014 | +13.5% | +12.5% |
| 2013 | +32.3% | +33.4% |
| 2012 | +16.0% | +16.4% |
| 2011 | +1.9% | +1.0% |
| 2010 | +15.1% | +17.4% |
| 2009 | +26.4% | +28.9% |
| 2008 | −36.8% | −37.0% |
Total return each calendar year, distributions reinvested.
Top holdings
9 of the top ten overlap, at least 33% of each fund.
SPY
- AAPL Apple Inc7.7%
- NVDA NVIDIA Corp7.6%
- MSFT Microsoft Corp5.9%
- AMZN Amazon.com Inc3.6%
- GOOGL Alphabet Inc Class A2.5%
- AVGO Broadcom Inc2.4%
- META Meta Platforms Inc Class A2.1%
- GOOG Alphabet Inc Class C2.0%
- LLY Eli Lilly and Co1.7%
- TSLA Tesla Inc1.7%
VTI
- NVDA NVIDIA Corp7.1%
- AAPL Apple Inc6.6%
- MSFT Microsoft Corp5.2%
- AMZN Amazon.com Inc3.3%
- GOOGL Alphabet Inc Class A2.8%
- AVGO Broadcom Inc2.3%
- META Meta Platforms Inc Class A2.2%
- GOOG Alphabet Inc Class C2.2%
- MU Micron Technology Inc1.6%
- TSLA Tesla Inc1.4%
SPY vs VTI: questions
Is SPY or VTI better?
It depends on the job. VTI pays more today (1.09% vs 1.03%), VTI costs less, and SPY has the better total return over Dec 2007 to Oct 2026, with VTI holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, SPY or VTI?
VTI, at 1.09% against 1.03% for SPY as of Nov 8, 2026. On $10,000 that's about $109 vs $103 a year at today's rates.
Which has the better total return?
SPY. From Dec 2007 to Oct 2026, it returned 11.1% a year with distributions reinvested, against 11.0% for VTI. $10,000 became $72,756 vs $71,593.
Which is cheaper, SPY or VTI?
VTI, with a 0.03% expense ratio against 0.09%.
Do SPY and VTI hold the same things?
Partly. 9 of their top ten holdings match (NVDA, AAPL, MSFT, AMZN), at least 33% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. For information only, not investment advice. Last fund data: Nov 8, 2026.