SLYV vs VIOG: Grades, Fees and Holdings Compared

State Street SPDR S&P 600 Small Cap Value ETF

SLYVBNYSE Arca

Vanguard S&P Small-Cap 600 Growth ETF

VIOGBNYSE Arca

Overlap

28.4%by weight

Expense ratio

VIOG −0.05pt a year

SLYV0.15%VIOG0.10%

Avg volume · 30D

SLYV 5.4×the volume

SLYV205KVIOG37.8K

10Y return · a year

VIOG +0.7pt

SLYV+10.1%VIOG+10.8%

SLYV vs VIOG Performance

Oct 29, 2021 – Oct 30, 2026

+39.8%SLYV+27.6%VIOG

Expense ratio: SLYV 0.15%; VIOG 0.10%, better
Fund size: SLYV $5.04B; VIOG $1B
1Y total return: SLYV +22.4%, better; VIOG +18.9%
Yield (12M): SLYV 1.93%, better; VIOG 0.77%
Holdings: SLYV 466; VIOG 354
Avg volume (30D): SLYV 205K sh, better; VIOG 37.8K sh
NAV per share: SLYV $106.81; VIOG $141.35
52W range

ETF.net Grade

Pillar letters and Scores for SLYV, VIOG, with each pillar’s weight
Pillar	SLYV	VIOG
Cost30% weight	B58	A74Higher
Mission25% weight	A70	A100Higher
Risk15% weight	C50Higher	C48
Tradability15% weight	A74Higher	D27
Holdings10% weight	B67Higher	C53
Durability5% weight	B66Higher	B57

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. SLYV and VIOG are both graded against the same 13 S&P SmallCap 600 funds, so their Grades compare head to head.

S&P SmallCap 600⁠

Category · 13 funds

See all 13 ›

VIOG ranks 4th and SLYV 6th of 13 funds in the S&P SmallCap 600 Category.

Rank 1ASPSMState Street SPDR Portfolio S&P 600 Small Cap ETFScore 84
Rank 2AIJRiShares Core S&P Small-Cap ETFScore 79
Rank 3AVIOOVanguard S&P Small-Cap 600 ETFScore 70
Rank 4BVIOGVanguard S&P Small-Cap 600 Growth ETFScore 66
Rank 5BSLYGState Street SPDR S&P 600 Small Cap Growth ETFScore 64
Rank 6BIJTiShares S&P Small-Cap 600 Growth ETFScore 63
Rank 6BSLYVState Street SPDR S&P 600 Small Cap Value ETFScore 63
Rank 8BQVMSInvesco S&P SmallCap 600 QVM Multi-factor ETFScore 61

Our read on each fund

ETF.net Research

SLYVBState Street SPDR S&P 600 Small Cap Value ETF

VIOGBVanguard S&P Small-Cap 600 Growth ETF

In short

SLYV Small-cap value with a profitability gate. The S&P 600 only admits companies with positive earnings, so SLYV shops for cheap stocks inside an already-profitable pool. On the market since 2000, at 0.15% a year.

VIOG Vanguard's growth slice of the S&P SmallCap 600, running since 2010 at 0.10% a year. Only one other ETF tracks the same index, and it charges more.

Stated mandate

SLYV The fund seeks investment results corresponding generally to the total return performance of the S&P SmallCap 600 Value Index, before fees and expenses.

VIOG The fund seeks to track the performance of the S&P SmallCap 600 Growth Index, which represents small U.S. growth companies.

Why people hold it

SLYV The S&P 600 admits only companies with positive as-reported earnings, most recent quarter and trailing four quarters. The value screen runs on top of that filter, not on a pile of cash-burners.spglobal.com spglobal.com 2
0.15% a year, under the 0.18% typical for funds tracking S&P 600 slices and less than half the 0.35% RZV charges against the same declared index.
Trading since 2000 and spreading across roughly 500 names, it is an old hand in small-cap value rather than a recent factor launch, and it sits in the upper half of its peer group.

VIOG At 0.10%, it undercuts the only other fund on the same index (SLYG at 0.15%) and lands well under its peer group's 0.18% median fee.
One published index, one style slice, no manager discretion. It follows the S&P SmallCap 600 Growth Index closely and stands in the upper half of its S&P 600 peer group.
Live since 2010, with a record across several market cycles, and it spreads across roughly 300 small-cap growth names instead of a short list.
A multi-billion-dollar fund from Vanguard, and it pays out quarterly.

Worth knowing

SLYV You pay for the tilt. Plain-vanilla S&P 600 core funds are cheaper (SPSM at 0.03%, IJR at 0.06%) if the whole small-cap index is what you are after.
One country, one size band, one style. US small-cap value is a slice with real swings, not a diversified core.
Volume is moderate next to the core S&P 600 giants, which can show up in spreads on larger orders. Distributions land quarterly.

VIOG Thinly traded next to the S&P 600's core giants, so the bid-ask spread is a bigger slice of your real cost than the expense ratio suggests.
Style slicing carries a surcharge: whole-index cousins like SPSM (0.03%) and VIOO (0.07%) cost less than owning just the growth half.
Narrow by design. The growth half of a small-cap index moves more sharply than a broad US stock fund.

Full SLYV profile⁠

Full VIOG profile⁠

SLYV vs VIOG Holdings

How SLYV and VIOG differ

Overlap by weight

28.4%

Shared holdings make up 40.2% of VIOG and 30.3% of SLYV.

Level by level

Holdings205 in both28.4%
Sector11 Sectors80.4%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in SLYV and VIOG, widest gap first
Sector	More in SLYVMore in VIOG	SLYV	VIOG
Health Care	VIOG +8.6 points	6.9%	15.5%
Technology	VIOG +7.3 points	11.2%	18.5%
Financials	SLYV +6.3 points	20.6%	14.3%
Consumer Discretionary	SLYV +4.7 points	14.9%	10.2%
Industrials	VIOG +3.6 points	14.7%	18.3%
Energy	SLYV +2.7 points	7.9%	5.2%
Materials	SLYV +2.3 points	5.5%	3.2%
Consumer Staples	SLYV +1.8 points	5.3%	3.5%
Communication	SLYV +1.4 points	4.2%	2.8%
Utilities	SLYV +0.5 points	2.1%	1.6%
Real Estate	VIOG +0.2 points	6.7%	6.9%

Country, concentration and asset class

Country by domicile

Country weights in SLYV and VIOG, widest gap first
Country	More in SLYVMore in VIOG	SLYV	VIOG
United States	VIOG +0.2 points	99.8%	100.0%
Singapore	SLYV +0.2 points	0.2%	0.0%
Hong Kong	SLYV +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

SLYV8.9%
VIOG9.9%

Securities held

SLYV464
VIOG350

Asset class

SLYV: Equity
VIOG: Equity

Holdings

Only in SLYV259
In both205
Only in VIOG145

Only in SLYV

259 securities, 69.6% of SLYV by weight

Paycom Software Inc1.08%
Match Group Inc1.05%
Sm Energy Co1.01%
Jackson Financial Inc A0.91%
Carmax Inc0.86%
Victoria’s Secret & Co0.84%
Eastman Chemical Co0.83%
Pool Corp0.79%
Lamb Weston Holdings Inc0.78%
Lincoln National Corp0.76%
Epam Systems Inc0.74%
Builders Firstsource Inc0.73%
Matson Inc0.73%
Conagra Brands Inc0.72%
Mohawk Industries Inc0.71%
Molson Coors Beverage Co B0.67%
Magnolia Oil & Gas Corp A0.66%
Teleflex Inc0.64%
Caesars Entertainment Inc0.64%
Atlantic Union Bankshares Co0.61%
Trade Desk Inc/The Class A0.60%
Insight Enterprises Inc0.56%
Rithm Capital Corp0.56%
Celanese Corp0.53%
Patterson Uti Energy Inc0.52%
Eastern Bankshares Inc0.51%
Signet Jewelers Ltd0.50%
Lkq Corp0.49%
Rxo Inc0.49%
Fulton Financial Corp0.49%
Crescent Energy Inc A0.48%
United Community Banks/Ga0.48%
California Resources Corp0.48%
Delek Us Holdings Inc0.47%
Cathay General Bancorp0.47%
Robert Half Inc0.46%
Integer Holdings Corp0.46%
Core Natural Resources Inc0.46%
Versant Media Group Inc0.46%
Meritage Homes Corp0.45%
Kulicke & Soffa Industries0.45%
Vishay Intertechnology Inc0.45%
Mdu Resources Group Inc0.44%
Apple Hospitality Reit Inc0.44%
The Campbell’s Company0.43%
Bread Financial Holdings Inc0.43%
Diodes Inc0.43%
Rush Enterprises Inc Class A0.43%
Korn Ferry0.42%
Cvb Financial Corp0.41%

Only in VIOG

145 securities, 59.8% of VIOG by weight

FormFactor Inc1.42%
Viasat Inc1.18%
Protagonist Therapeutics Inc1.11%
Ryman Hospitality Properties Inc0.99%
TG Therapeutics Inc0.96%
StoneX Group Inc0.85%
Madison Square Garden Sports Corp0.85%
ESCO Technologies Inc0.84%
Zurn Elkay Water Solutions Corp0.84%
Armstrong World Industries Inc0.83%
Alkermes PLC0.83%
Federal Signal Corp0.82%
Enpro Inc0.79%
Ligand Pharmaceuticals Inc0.76%
Etsy Inc0.74%
Everus Construction Group Inc0.73%
Qorvo Inc0.72%
Lyft Inc0.69%
Sensient Technologies Corp0.68%
JBT Marel Corp0.67%
PTC Therapeutics Inc0.66%
Kodiak Gas Services Inc0.65%
Archrock Inc0.65%
Powell Industries Inc0.65%
Argan Inc0.65%
Impinj Inc0.63%
Granite Construction Inc0.62%
Frontdoor Inc0.61%
Casella Waste Systems Inc0.61%
Axos Financial Inc0.60%
Laureate Education Inc0.59%
ACM Research Inc0.58%
Solaris Energy Infrastructure Inc0.57%
Mercury Systems Inc0.56%
Virtu Financial Inc0.56%
VSE Corp0.56%
International Seaways Inc0.56%
MYR Group Inc0.55%
Urban Outfitters Inc0.53%
Installed Building Products Inc0.53%
Construction Partners Inc0.53%
PriceSmart Inc0.53%
Cavco Industries Inc0.52%
Indivior Pharmaceuticals Inc0.52%
Chefs' Warehouse Inc/The0.51%
Enova International Inc0.51%
Covista Inc0.51%
Karman Holdings Inc0.49%
AZZ Inc0.49%
AAR Corp0.49%

Weight gaps

The 100 widest of 205 Holdings in both funds.

Holding weights in SLYV and VIOG, widest gap first
Holding	More in SLYVMore in VIOG	SLYV	VIOG
Arcosa IncACA	VIOG +0.56 points	<0.01%	0.56%
Life Time Group Holdings IncLTH	VIOG +0.40 points	0.26%	0.66%
Terreno Realty CorpTRNO	VIOG +0.37 points	0.23%	0.60%
Glaukos CorpGKOS	VIOG +0.34 points	0.47%	0.81%
Essential Properties RealtyEPRT	VIOG +0.25 points	0.21%	0.46%
Adt IncADT	SLYV +0.25 points	0.38%	0.13%
Herc Holdings IncHRI	SLYV +0.23 points	0.38%	0.15%
Victory Capital Holding AVCTR	VIOG +0.22 points	0.21%	0.43%
Outfront Media IncOUT	VIOG +0.20 points	0.20%	0.40%
Aci Worldwide IncACIW	VIOG +0.19 points	0.21%	0.40%
Axcelis Technologies IncACLS	VIOG +0.19 points	0.13%	0.32%
Radnet IncRDNT	VIOG +0.18 points	0.20%	0.38%
Iridium Communications IncIRDM	VIOG +0.18 points	0.20%	0.38%
Atmus Filtration TechnologieATMU	VIOG +0.17 points	0.13%	0.30%
Merit Medical Systems IncMMSI	VIOG +0.17 points	0.22%	0.39%
Tanger IncSKT	VIOG +0.17 points	0.15%	0.32%
Tutor Perini CorpTPC	VIOG +0.16 points	0.14%	0.30%
FIVE9 IncFIVN	SLYV +0.16 points	0.23%	0.07%
Remitly Global IncRELY	VIOG +0.16 points	0.18%	0.34%
Cactus Inc AWHD	VIOG +0.15 points	0.18%	0.33%
Broadstone Net Lease IncBNL	SLYV +0.15 points	0.26%	0.11%
Box Inc Class ABOX	VIOG +0.14 points	0.23%	0.37%
Cleanspark IncCLSK	VIOG +0.14 points	0.09%	0.23%
Balchem CorpBCPC	VIOG +0.14 points	0.24%	0.38%
Materion CorpMTRN	VIOG +0.14 points	0.24%	0.38%
Itron IncITRI	VIOG +0.13 points	0.16%	0.29%
Axt IncAXTI	VIOG +0.14 points	0.19%	0.33%
Skywest IncSKYW	VIOG +0.13 points	0.15%	0.28%
American States Water CoAWR	VIOG +0.13 points	0.13%	0.26%
Oceaneering Intl IncOII	VIOG +0.13 points	0.18%	0.31%
Bright Horizons Family SolutBFAM	VIOG +0.13 points	0.12%	0.25%
Supernus Pharmaceuticals IncSUPN	VIOG +0.13 points	0.08%	0.21%
Mueller Water Products Inc AMWA	VIOG +0.13 points	0.13%	0.26%
Ringcentral Inc Class ARNG	VIOG +0.13 points	0.27%	0.40%
Bgc Group Inc ABGC	VIOG +0.12 points	0.18%	0.30%
Inventrust Properties CorpIVT	SLYV +0.12 points	0.19%	0.07%
Csw Industrials IncCSW	VIOG +0.11 points	0.22%	0.33%
Ncr Atleos CorpNATL	VIOG +0.11 points	0.14%	0.25%
Phillips Edison & Company InPECO	VIOG +0.12 points	0.22%	0.34%
Cinemark Holdings IncCNK	VIOG +0.11 points	0.17%	0.28%
Warby Parker Inc Class AWRBY	VIOG +0.12 points	0.10%	0.22%
Millrose PropertiesMRP	VIOG +0.11 points	0.18%	0.29%
Gates Industrial Corp LtdGTES	VIOG +0.11 points	0.33%	0.44%
Extreme Networks IncEXTR	VIOG +0.10 points	0.12%	0.22%
Ameris BancorpABCB	VIOG +0.11 points	0.24%	0.35%
Q2 Holdings IncQTWO	VIOG +0.11 points	0.16%	0.27%
Arcus Biosciences IncRCUS	VIOG +0.10 points	0.08%	0.18%
Hawkins IncHWKN	VIOG +0.10 points	0.11%	0.21%
Amneal Pharmaceuticals IncAMRX	VIOG +0.10 points	0.17%	0.27%
First Bancorp Puerto RicoFBP	VIOG +0.10 points	0.18%	0.28%
City Holding CoCHCO	VIOG +0.09 points	0.07%	0.16%
Natl Health Investors IncNHI	VIOG +0.10 points	0.14%	0.24%
Marketaxess Holdings IncMKTX	VIOG +0.09 points	0.29%	0.38%
Moelis & Co Class AMC	VIOG +0.10 points	0.20%	0.30%
A10 Networks IncATEN	VIOG +0.09 points	0.07%	0.16%
Freshpet IncFRPT	VIOG +0.08 points	0.13%	0.21%
Chesapeake Utilities CorpCPK	VIOG +0.09 points	0.14%	0.23%
Lazard IncLAZ	SLYV +0.08 points	0.25%	0.17%
Sps Commerce IncSPSC	VIOG +0.09 points	0.13%	0.22%
Diebold Nixdorf IncDBD	VIOG +0.08 points	0.08%	0.16%
Payoneer Global IncPAYO	VIOG +0.09 points	0.07%	0.16%
Ralliant CorpRAL	VIOG +0.08 points	0.40%	0.48%
Century Aluminum CompanyCENX	VIOG +0.08 points	0.10%	0.18%
Knowles CorpKN	VIOG +0.08 points	0.14%	0.22%
Griffon CorpGFF	VIOG +0.08 points	0.17%	0.25%
Eplus IncPLUS	VIOG +0.08 points	0.10%	0.18%
Addus Homecare CorpADUS	VIOG +0.08 points	0.08%	0.16%
Callaway Golf CompanyCALY	VIOG +0.08 points	0.09%	0.17%
Perdoceo Education CorpPRDO	VIOG +0.07 points	0.08%	0.15%
Bancfirst CorpBANF	VIOG +0.08 points	0.09%	0.17%
Progress Software CorpPRGS	VIOG +0.08 points	0.06%	0.14%
Element Solutions IncESI	VIOG +0.08 points	0.43%	0.51%
Corvel CorpCRVL	VIOG +0.07 points	0.10%	0.17%
Franklin Electric Co IncFELE	VIOG +0.07 points	0.19%	0.26%
Steven Madden LtdSHOO	VIOG +0.07 points	0.15%	0.22%
United States Lime & MineralUSLM	VIOG +0.07 points	0.04%	0.11%
Rex American Resources CorpREX	VIOG +0.06 points	0.04%	0.10%
Wd 40 CoWDFC	VIOG +0.06 points	0.13%	0.19%
Ltc Properties IncLTC	VIOG +0.07 points	0.10%	0.17%
Gulfport Energy CorpGPOR	SLYV +0.06 points	0.16%	0.10%
Neogenomics IncNEO	VIOG +0.07 points	0.10%	0.17%
Mobility Global IncMBGL	SLYV +0.06 points	0.33%	0.27%
Piper Sandler CosPIPR	VIOG +0.06 points	0.23%	0.29%
Veeco Instruments IncVECO	VIOG +0.06 points	0.14%	0.20%
Solaredge Technologies IncSEDG	VIOG +0.06 points	0.08%	0.14%
Sarepta Therapeutics IncSRPT	VIOG +0.06 points	0.08%	0.14%
Unifirst Corp/MaUNF	SLYV +0.06 points	0.24%	0.18%
Ha Sustainable InfrastructurHASI	SLYV +0.05 points	0.29%	0.24%
Independent Bank Corp/MaINDB	SLYV +0.05 points	0.24%	0.19%
Lxp Industrial TrustLXP	VIOG +0.05 points	0.18%	0.23%
American Eagle OutfittersAEO	SLYV +0.05 points	0.19%	0.14%
Cheesecake Factory Inc/TheCAKE	VIOG +0.05 points	0.26%	0.31%
Goosehead Insurance Inc AGSHD	VIOG +0.05 points	0.04%	0.09%
Green Brick Partners IncGRBK	VIOG +0.05 points	0.09%	0.14%
Ingevity CorpNGVT	VIOG +0.05 points	0.12%	0.17%
Gentherm IncTHRM	SLYV +0.05 points	0.10%	0.05%
Lifestance Health Group IncLFST	VIOG +0.05 points	0.17%	0.22%
Napco Security TechnologiesNSSC	VIOG +0.05 points	0.05%	0.10%
Doubleverify Holdings IncDV	VIOG +0.05 points	0.08%	0.13%
Mara Holdings IncMARA	VIOG +0.05 points	0.13%	0.18%

All 464 SLYV holdings⁠All 341 VIOG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SLYV vs VIOG Cost

Overpaying SLYV vs VIOG

$1,031

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SLYV 0.15%
$3,137
VIOG 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

SLYV 0.15%
VIOG 0.10%
Overpaying

Year by year

Year	SLYV	VIOG	Overpaying
10	$274	$183	$91
20	$1,071	$717	$354
30	$3,137	$2,106	$1,031

Expense ratio

0.15%SLYV
0.10%VIOG, cheaper

VIOG0.10%SLYV0.15%

0.03%0.59%

Middle half of S&P SmallCap 600 funds
Median 0.15%

VIOG 4th cheapest of 13 funds

SLYV 5th cheapest of 13 funds

SLYV vs VIOG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SLYV 1.93%, better; VIOG 0.77%
Payout (12M): SLYV $2.05; VIOG $1.09
Last payment: SLYV $0.53; VIOG $0.26
Ex-dividend: SLYV Sep 21, 2026; VIOG Sep 28, 2026
Paid on: SLYV Sep 23, 2026; VIOG Sep 30, 2026
Frequency: SLYV Quarterly; VIOG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SLYVQuarterly · 39 paymentsAll SLYV payments⁠

VIOGQuarterly · 39 paymentsAll VIOG payments⁠

SLYV vs VIOG Risk

Fall from peak · 5 years

SLYV
VIOG

Risk facts

VolatilityStd dev, 3 years: SLYV 19.0%VIOG 19.0%
Return per unit of riskSharpe ratio, 3 years: SLYV 0.76, betterVIOG 0.71
Worst fallMax drawdown, 5 years: SLYV −28.7%, betterVIOG −29.2%
Market sensitivityBeta, 5 years: SLYV 1.03VIOG 1.06; Market = 1

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