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ETF comparison

SPY vs VTWO

US Large Cap vs US Small Cap.

State Street SPDR S&P 500 ETF Trust · Vanguard Russell 2000 Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of SPY and VTWO would leave roughly 0.0% of each dollar exposed to the same underlying securities.

SPY unmatched 99.9% Shared 0.0% VTWO unmatched 99.7%

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
504 positions
Shared
0 positions
In VTWO only
1,991 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%
VTWO

Vanguard Russell 2000 Index Fund ETF Shares

Vanguard · US Small Cap

95 composite / 100
Expense ratio
0.060%
Net assets
$17.48B
whole fund, 2 share classes
TTM yield
1.20%
Top-10 conc.
3.2%

Sub-score comparison

91
Cost
94
88
Tax efficiency
88
100
Liquidity
100
61
Concentration
100
—
Tracking quality
—
SPY sub-score VTWO

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

Cost difference

VTWO is 3 bps cheaper than SPY. On a $100,000 position that's about $34/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 VTWO.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in SPY

504 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 VTWO

1,991 total
  • JFrog Ltd 0.35%
  • Moog Inc 0.34%
  • UMB Financial Corp 0.33%
  • Glaukos Corp 0.33%
  • Brinker International Inc 0.32%
  • BrightSpring Health Services Inc 0.30%
  • Krystal Biotech Inc 0.30%
  • Cytokinetics Inc 0.30%
  • Protagonist Therapeutics Inc 0.29%
  • Twist Bioscience Corp 0.29%

Related comparisons

More comparisons with SPY

More comparisons with VTWO

Percentages are holdings overlap with the named fund.

Open SPY or VTWO at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.