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ETF comparison

SPY vs VB

US Large Cap vs US Small Cap.

State Street SPDR S&P 500 ETF Trust · Vanguard Morningstar Small-Cap ETF

Holdings overlap

Weighted by ISIN/CUSIP
3.4 %

130 positions appear in both funds. Buying equal dollars of SPY and VB would leave roughly 3.4% of each dollar exposed to the same underlying securities.

SPY unmatched 96.6% Shared 3.4% VB unmatched 96.4%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SPY only
374 positions
Shared
130 positions
In VB only
1,179 positions

Side by side

SPY

State Street SPDR S&P 500 ETF Trust

State Street · US Large Cap

88 composite / 100
Expense ratio
0.094%
Net assets
$796.87B
TTM yield
1.01%
Top-10 conc.
37.3%
VB

Vanguard Morningstar Small-Cap ETF

Vanguard · US Small Cap

96 composite / 100
Expense ratio
0.030%
Net assets
$178.19B
whole fund, 5 share classes
TTM yield
1.24%
Top-10 conc.
4.3%

Sub-score comparison

91
Cost
97
88
Tax efficiency
88
100
Liquidity
100
61
Concentration
100
—
Tracking quality
—
SPY sub-score VB

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

VB is 6 bps cheaper than SPY. On a $100,000 position that's about $64/yr more in fees for SPY.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SPY vs VB.

Top shared holdings

130 shared in total
# Holding In SPY In VB Overlap
1 MODERNA INC 0.14% 0.30% 0.14%
2 CENTENE CORP 0.06% 0.19% 0.06%
3 EVERPURE INC A 0.06% 0.30% 0.06%
4 ILLUMINA INC 0.05% 0.31% 0.05%
5 TWILIO INC A 0.05% 0.38% 0.05%
6 EQT CORP 0.05% 0.20% 0.05%
7 STEEL DYNAMICS INC 0.05% 0.19% 0.05%
8 WILLIAMS SONOMA INC 0.05% 0.33% 0.05%
9 OKTA INC 0.05% 0.28% 0.05%
10 ATMOS ENERGY CORP 0.04% 0.35% 0.04%
11 FLEX LTD 0.04% 0.36% 0.04%
12 EMCOR GROUP INC 0.04% 0.45% 0.04%

Only in SPY

374 total
  • APPLE INC 7.69%
  • NVIDIA CORP 7.30%
  • MICROSOFT CORP 6.22%
  • AMAZON.COM INC 3.94%
  • ALPHABET INC CL A 2.56%
  • BROADCOM INC 2.33%
  • META PLATFORMS INC CLASS A 2.09%
  • ALPHABET INC CL C 2.06%
  • ELI LILLY + CO 1.71%
  • TESLA INC 1.64%

Only in VB

1,179 total
  • Credo Technology Group Holding Ltd 0.55%
  • REVOLUTION Medicines Inc 0.46%
  • Astera Labs Inc 0.45%
  • Natera Inc 0.45%
  • MKS Instruments Inc 0.37%
  • Carpenter Technology Corp 0.35%
  • Curtiss-Wright Corp 0.34%
  • FTAI Aviation Ltd 0.34%
  • Entegris Inc 0.33%
  • nVent Electric PLC 0.33%

Percentages are holdings overlap with the named fund.

Open SPY or VB at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.