SLYV vs VIOO: Grades, Fees and Holdings Compared

State Street SPDR S&P 600 Small Cap Value ETF

SLYVBNYSE Arca

Vanguard S&P Small-Cap 600 ETF

VIOOANYSE Arca

Overlap

64.8%by weight

Expense ratio

VIOO −0.08pt a year

SLYV0.15%VIOO0.07%

Avg volume · 30D

SLYV 2.5×the volume

SLYV205KVIOO82.7K

10Y return · a year

VIOO +0.5pt

SLYV+10.1%VIOO+10.6%

SLYV vs VIOO Performance

Oct 29, 2021 – Oct 30, 2026

+39.8%SLYV+34.5%VIOO

Expense ratio: SLYV 0.15%; VIOO 0.07%, better
Fund size: SLYV $5.04B; VIOO $6.1B
1Y total return: SLYV +22.4%, better; VIOO +20.8%
Yield (12M): SLYV 1.93%, better; VIOO 1.15%
Holdings: SLYV 466; VIOO 610
Avg volume (30D): SLYV 205K sh, better; VIOO 82.7K sh
NAV per share: SLYV $106.81; VIOO $130.53
52W range

ETF.net Grade

Pillar letters and Scores for SLYV, VIOO, with each pillar’s weight
Pillar	SLYV	VIOO
Cost30% weight	B58	A82Higher
Mission25% weight	A70	A83Higher
Risk15% weight	C50	C53Higher
Tradability15% weight	A74Higher	D31
Holdings10% weight	B67	A86Higher
Durability5% weight	B66	A74Higher

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. SLYV and VIOO 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 ›

VIOO ranks 3rd 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 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

VIOOAVanguard S&P Small-Cap 600 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.

VIOO Vanguard's version of the S&P SmallCap 600: it owns all of the index's roughly 600 names at index weight, no sampling shortcuts, for 0.07% a year. That is well under half the typical fee among S&P 600 index funds, and it has been running since 2010.

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.

VIOO The fund is a passively managed, full-replication ETF designed to follow the S&P SmallCap 600 Index, which represents small U.S. companies. It holds the index constituents in the same capitalization weights.

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.

VIOO Charges 0.07% a year against a peer-group median near 0.18% for funds built on the same small-cap index.
Full replication, not sampling: it holds about 600 index constituents at their index weights, and it tracks the S&P SmallCap 600 very closely.
Trading since 2010 and now a multi-billion-dollar fund, it ranks among the stronger implementations in its S&P 600 peer group.

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.

VIOO Two rivals on the identical index undercut it: SPSM at 0.03% and IJR at 0.06%. Thin gaps, but gaps that compound.
Moderately traded rather than the volume leader of the trio, so spreads carry more weight on big or rushed orders.
This is undiluted small-cap equity. The mandate is to mirror that index, bumps included, not to smooth it out.

Full SLYV profile⁠

Full VIOO profile⁠

SLYV vs VIOO Holdings

How SLYV and VIOO differ

Overlap by weight

64.8%

Shared holdings make up 99.3% of SLYV and 70.8% of VIOO.

Level by level

Holdings460 in both64.8%
Sector11 Sectors89.9%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in SLYV and VIOO, widest gap first
Sector	More in SLYVMore in VIOO	SLYV	VIOO
Technology	VIOO +4.8 points	11.2%	16.0%
Health Care	VIOO +4.0 points	6.9%	10.9%
Financials	SLYV +3.5 points	20.6%	17.1%
Consumer Discretionary	SLYV +2.5 points	14.9%	12.4%
Energy	SLYV +1.6 points	7.9%	6.3%
Materials	SLYV +0.9 points	5.5%	4.6%
Industrials	VIOO +0.9 points	14.7%	15.6%
Consumer Staples	SLYV +0.7 points	5.3%	4.6%
Communication	SLYV +0.7 points	4.2%	3.5%
Real Estate	VIOO +0.6 points	6.7%	7.3%
Utilities	SLYV +0.4 points	2.1%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in SLYV and VIOO, widest gap first
Country	More in SLYVMore in VIOO	SLYV	VIOO
United States	VIOO +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%
VIOO5.3%

Securities held

SLYV464
VIOO604

Asset class

SLYV: Equity
VIOO: Equity

Holdings

Only in SLYV4
In both460
Only in VIOO144

Only in SLYV

4 securities, 0.6% of SLYV by weight

Olin Corp0.20%
Howard Hughes Holdings Inc0.19%
Freshworks Inc Class A0.10%
Workiva Inc0.10%

Only in VIOO

144 securities, 29.1% of VIOO by weight

FormFactor Inc0.68%
Viasat Inc0.56%
Qorvo Inc0.54%
Protagonist Therapeutics Inc0.53%
Ryman Hospitality Properties Inc0.47%
TG Therapeutics Inc0.46%
SLCMT11420.43%
StoneX Group Inc0.41%
Madison Square Garden Sports Corp0.40%
ESCO Technologies Inc0.40%
Zurn Elkay Water Solutions Corp0.40%
Armstrong World Industries Inc0.40%
Federal Signal Corp0.39%
Enpro Inc0.38%
Ligand Pharmaceuticals Inc0.36%
Etsy Inc0.35%
Everus Construction Group Inc0.35%
Alkermes PLC0.34%
Lyft Inc0.33%
Sensient Technologies Corp0.32%
JBT Marel Corp0.32%
PTC Therapeutics Inc0.31%
Kodiak Gas Services Inc0.31%
Archrock Inc0.31%
Powell Industries Inc0.31%
Argan Inc0.31%
Impinj Inc0.30%
Granite Construction Inc0.29%
Frontdoor Inc0.29%
Casella Waste Systems Inc0.29%
Axos Financial Inc0.28%
Laureate Education Inc0.28%
ACM Research Inc0.28%
Solaris Energy Infrastructure Inc0.27%
Mercury Systems Inc0.27%
Virtu Financial Inc0.27%
VSE Corp0.27%
International Seaways Inc0.27%
MYR Group Inc0.26%
Urban Outfitters Inc0.25%
Installed Building Products Inc0.25%
Construction Partners Inc0.25%
PriceSmart Inc0.25%
Cavco Industries Inc0.25%
Indivior Pharmaceuticals Inc0.25%
Chefs' Warehouse Inc/The0.24%
Enova International Inc0.24%
Covista Inc0.24%
AZZ Inc0.23%
Karman Holdings Inc0.23%

Weight gaps

The 100 widest of 460 Holdings in both funds.

Holding weights in SLYV and VIOO, widest gap first
Holding	More in SLYVMore in VIOO	SLYV	VIOO
Paycom Software IncPAYC	SLYV +0.59 points	1.08%	0.49%
Sm Energy CoSM	SLYV +0.54 points	1.01%	0.47%
Match Group IncMTCH	SLYV +0.52 points	1.05%	0.53%
Pool CorpPOOL	SLYV +0.45 points	0.79%	0.34%
Lamb Weston Holdings IncLW	SLYV +0.45 points	0.78%	0.33%
Jackson Financial Inc AJXN	SLYV +0.44 points	0.91%	0.47%
Victoria’s Secret & CoVSXY	SLYV +0.43 points	0.84%	0.41%
Epam Systems IncEPAM	SLYV +0.42 points	0.74%	0.32%
Arcosa IncACA	VIOO +0.42 points	<0.01%	0.42%
Eastman Chemical CoEMN	SLYV +0.40 points	0.83%	0.43%
Carmax IncKMX	SLYV +0.41 points	0.86%	0.45%
Builders Firstsource IncBLDR	SLYV +0.37 points	0.73%	0.36%
Lincoln National CorpLNC	SLYV +0.36 points	0.76%	0.40%
Conagra Brands IncCAG	SLYV +0.35 points	0.72%	0.37%
Matson IncMATX	SLYV +0.35 points	0.73%	0.38%
Magnolia Oil & Gas Corp AMGY	SLYV +0.34 points	0.66%	0.32%
Mohawk Industries IncMHK	SLYV +0.34 points	0.71%	0.37%
Teleflex IncTFX	SLYV +0.33 points	0.64%	0.31%
Molson Coors Beverage Co BTAP	SLYV +0.33 points	0.67%	0.34%
Insight Enterprises IncNSIT	SLYV +0.29 points	0.56%	0.27%
Trade Desk Inc/The Class ATTD	SLYV +0.30 points	0.60%	0.30%
Rxo IncRXO	SLYV +0.29 points	0.49%	0.20%
Atlantic Union Bankshares CoAUB	SLYV +0.30 points	0.61%	0.31%
Caesars Entertainment IncCZR	SLYV +0.29 points	0.64%	0.35%
Patterson Uti Energy IncPTEN	SLYV +0.28 points	0.52%	0.24%
Rithm Capital CorpRITM	SLYV +0.27 points	0.56%	0.29%
Signet Jewelers LtdSIG	SLYV +0.27 points	0.50%	0.23%
Celanese CorpCE	SLYV +0.27 points	0.53%	0.26%
Crescent Energy Inc ACRGY	SLYV +0.27 points	0.48%	0.22%
Eastern Bankshares IncEBC	SLYV +0.25 points	0.51%	0.26%
United Community Banks/GaUCB	SLYV +0.25 points	0.48%	0.23%
Robert Half IncRHI	SLYV +0.25 points	0.46%	0.21%
California Resources CorpCRC	SLYV +0.24 points	0.48%	0.24%
Fulton Financial CorpFULT	SLYV +0.24 points	0.49%	0.25%
Cathay General BancorpCATY	SLYV +0.24 points	0.47%	0.23%
Apple Hospitality Reit IncAPLE	SLYV +0.23 points	0.44%	0.21%
Academy Sports & Outdoors InASO	SLYV +0.23 points	0.40%	0.17%
Mdu Resources Group IncMDU	SLYV +0.21 points	0.44%	0.23%
Bread Financial Holdings IncBFH	SLYV +0.21 points	0.43%	0.22%
Core Natural Resources IncCNR	SLYV +0.21 points	0.46%	0.25%
Integer Holdings CorpITGR	SLYV +0.21 points	0.46%	0.25%
Delek Us Holdings IncDK	SLYV +0.22 points	0.47%	0.25%
The Campbell’s CompanyCPB	SLYV +0.21 points	0.43%	0.22%
Meritage Homes CorpMTH	SLYV +0.21 points	0.45%	0.24%
Versant Media Group IncVSNT	SLYV +0.20 points	0.46%	0.26%
Korn FerryKFY	SLYV +0.21 points	0.42%	0.21%
Asbury Automotive GroupABG	SLYV +0.20 points	0.38%	0.18%
Amentum Holdings IncAMTM	SLYV +0.20 points	0.36%	0.16%
Cvb Financial CorpCVBF	SLYV +0.20 points	0.41%	0.21%
Wesbanco IncWSBC	SLYV +0.19 points	0.40%	0.21%
Adt IncADT	SLYV +0.19 points	0.38%	0.19%
Renasant CorpRNST	SLYV +0.18 points	0.39%	0.21%
Sl Green Realty CorpSLG	SLYV +0.19 points	0.39%	0.20%
Hni CorpHNI	SLYV +0.18 points	0.37%	0.19%
Organon & CoOGN	SLYV +0.18 points	0.39%	0.21%
Vishay Intertechnology IncVSH	SLYV +0.18 points	0.45%	0.27%
Life Time Group Holdings IncLTH	VIOO +0.18 points	0.26%	0.44%
Rush Enterprises Inc Class ARUSHA	SLYV +0.18 points	0.43%	0.25%
Terreno Realty CorpTRNO	VIOO +0.18 points	0.23%	0.41%
Kohls CorpKSS	SLYV +0.18 points	0.30%	0.12%
Marriott Vacations WorldVAC	SLYV +0.18 points	0.34%	0.16%
First Financial BancorpFFBC	SLYV +0.18 points	0.37%	0.19%
Northern Oil and Gas IncNOG	SLYV +0.18 points	0.32%	0.14%
Abm Industries IncABM	SLYV +0.18 points	0.34%	0.16%
Highwoods Properties IncHIW	SLYV +0.17 points	0.36%	0.19%
Diodes IncDIOD	SLYV +0.17 points	0.43%	0.26%
Simmons First Natl Corp Class ASFNC	SLYV +0.17 points	0.36%	0.19%
Stride IncLRN	SLYV +0.16 points	0.35%	0.19%
Genworth Financial IncGNW	SLYV +0.16 points	0.36%	0.20%
Cushman & Wakefield LtdCWK	SLYV +0.17 points	0.33%	0.16%
Geo Group Inc/TheGEO	SLYV +0.16 points	0.39%	0.23%
Group 1 Automotive IncGPI	SLYV +0.17 points	0.33%	0.16%
First Interstate Bancsys AFIBK	SLYV +0.16 points	0.33%	0.17%
Dxc Technology CoDXC	SLYV +0.16 points	0.26%	0.10%
Telephone and Data SystemsTDS	SLYV +0.16 points	0.35%	0.19%
Kulicke & Soffa IndustriesKLIC	SLYV +0.16 points	0.45%	0.29%
Herc Holdings IncHRI	SLYV +0.16 points	0.38%	0.22%
First Hawaiian IncFHB	SLYV +0.16 points	0.33%	0.17%
Dnow IncDNOW	SLYV +0.16 points	0.32%	0.16%
Advance Auto Parts IncAAP	SLYV +0.15 points	0.29%	0.14%
Banc of California IncBANC	SLYV +0.15 points	0.31%	0.16%
Provident Financial ServicesPFS	SLYV +0.15 points	0.32%	0.17%
Lkq CorpLKQ	SLYV +0.16 points	0.49%	0.33%
M/I Homes IncMHO	SLYV +0.15 points	0.35%	0.20%
Acadia Healthcare Co IncACHC	SLYV +0.14 points	0.29%	0.15%
Corecivic IncCXW	SLYV +0.15 points	0.33%	0.18%
V2X IncVVX	SLYV +0.14 points	0.27%	0.13%
N B T Bancorp IncNBTB	SLYV +0.14 points	0.29%	0.15%
Lci IndustriesLCII	SLYV +0.14 points	0.26%	0.12%
Pebblebrook Hotel TrustPEB	SLYV +0.14 points	0.26%	0.12%
United Natural Foods IncUNFI	SLYV +0.14 points	0.30%	0.16%
Boise Cascade CoBCC	SLYV +0.14 points	0.29%	0.15%
Bank of Hawaii CorpBOH	SLYV +0.14 points	0.30%	0.16%
Sunstone Hotel Investors IncSHO	SLYV +0.14 points	0.26%	0.12%
Beacon Financial CorpBBT	SLYV +0.13 points	0.27%	0.14%
Arcbest CorpARCB	SLYV +0.13 points	0.30%	0.17%
Versigent PLCVGNT	SLYV +0.14 points	0.32%	0.18%
Acadia Realty TrustAKR	SLYV +0.13 points	0.28%	0.15%
H.b. Fuller Co.FUL	SLYV +0.14 points	0.29%	0.15%
Liberty Energy IncLBRT	SLYV +0.13 points	0.30%	0.17%

All 464 SLYV holdings⁠All 604 VIOO 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 VIOO Cost

Overpaying SLYV vs VIOO

$1,657

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

SLYV 0.15%
$3,137
VIOO 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

SLYV 0.15%
VIOO 0.07%
Overpaying

Year by year

Year	SLYV	VIOO	Overpaying
10	$274	$128	$146
20	$1,071	$503	$568
30	$3,137	$1,480	$1,657

Expense ratio

0.15%SLYV
0.07%VIOO, cheaper

VIOO0.07%SLYV0.15%

0.03%0.59%

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

VIOO 3rd cheapest of 13 funds

SLYV 5th cheapest of 13 funds

SLYV vs VIOO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SLYV 1.93%, better; VIOO 1.15%
Payout (12M): SLYV $2.05; VIOO $1.51
Last payment: SLYV $0.53; VIOO $1.51
Ex-dividend: SLYV Sep 21, 2026; VIOO Dec 22, 2025
Paid on: SLYV Sep 23, 2026; VIOO Dec 24, 2025
Frequency: SLYV Quarterly; VIOO Annual

Distribution history

Per share, 2017 to 2026, same scale for both

SLYVQuarterly · 39 paymentsAll SLYV payments⁠

VIOOAnnual · 9 paymentsAll VIOO payments⁠

SLYV vs VIOO Risk

Fall from peak · 5 years

SLYV
VIOO

Risk facts

VolatilityStd dev, 3 years: SLYV 19.0%VIOO 18.8%, better
Return per unit of riskSharpe ratio, 3 years: SLYV 0.76, betterVIOO 0.75
Worst fallMax drawdown, 5 years: SLYV −28.7%VIOO −27.9%, better
Market sensitivityBeta, 5 years: SLYV 1.03VIOO 1.04; Market = 1

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