SPDG vs VIG: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDGBNYSE Arca

Vanguard Dividend Appreciation ETF

VIGANYSE Arca

Overlap

30.2%by weight

Expense ratio

VIG −0.01pt a year

SPDG0.05%VIG0.04%

Avg volume · 30D

VIG 1015.8×the volume

SPDG1.03KVIG1.05M

3Y return · a year

SPDG +2.5pt

SPDG+21.2%VIG+18.7%

SPDG vs VIG Performance

Nov 7, 2025 – Nov 9, 2026

+22.0%SPDG+17.5%VIG

Expense ratio: SPDG 0.05%; VIG 0.04%, better
Fund size: SPDG $13M; VIG $109B
1Y total return: SPDG +22.0%, better; VIG +17.5%
Yield (12M): SPDG 2.65%, better; VIG 1.46%
Holdings: SPDG 272; VIG 343
Avg volume (30D): SPDG 1.03K sh; VIG 1.05M sh, better
NAV per share: SPDG $45.76; VIG $243.29
52W range

ETF.net Grade

Pillar letters and Scores for SPDG, VIG, with each pillar’s weight
Pillar	SPDG	VIG
Cost30% weight	A95	A100Higher
Mission25% weight	A86	A86
Risk15% weight	C49	B59Higher
Tradability15% weight	F22	B59Higher
Holdings10% weight	D36	C51Higher
Durability5% weight	D26	A90Higher

Rank among US Dividend Index funds

How we build Categories ›

Same Category. SPDG and VIG are both graded against the same 52 US Dividend Index funds, so their Grades compare head to head.

US Dividend Index⁠

Category · 52 funds

See all 52 ›

VIG ranks 5th and SPDG 18th of 52 funds in the US Dividend Index Category.

Rank 4ADIVBiShares Core Dividend ETFScore 79
Rank 5AVIGVanguard Dividend Appreciation ETFScore 78
Rank 6ADLNWisdomTree U.S. LargeCap Dividend FundScore 73
Rank 17BSDOGALPS Sector Dividend Dogs ETFScore 66
Rank 18BSPDGState Street SPDR Portfolio S&P Sector Neutral Dividend ETFScore 65
Rank 19BDHSWisdomTree U.S. High Dividend FundScore 64

Our read on each fund

ETF.net Research

SPDGBState Street SPDR Portfolio S&P Sector Neutral Dividend ETF

VIGAVanguard Dividend Appreciation ETF

In short

SPDG The dividend-aristocrat idea at a discount-rack price. SPDG tracks a sector-neutral S&P index of long-running dividend payers for 0.05% a year, a sliver of what the household names in this corner charge.

VIG VIG buys dividend growth, not fat yields: about 300 US companies with a record of raising their payouts, tracked for 0.04% a year. Running since 2006 and now north of $100 billion, it is the plain-vanilla anchor of the dividend-screen aisle.

Stated mandate

SPDG The fund seeks to track, before fees and expenses, the total return of the S&P Sector-Neutral High Yield Dividend Aristocrats Index.

VIG The fund seeks to track the S&P U.S. Dividend Growers Index, which represents common stocks of companies with a record of increasing dividends over time.

Why people hold it

SPDG 0.05% a year, against a 0.40% median in its dividend-aristocrat peer group and the 0.35% charged by the older, bigger names SDY and NOBL.
Sector-neutral by construction: the index constrains sector weights instead of letting a yield screen pile the portfolio into whichever corner pays most. Roughly 300 stocks.ssga.com
Simple plumbing: US stocks, one published S&P index, quarterly distributions. No options overlay, no leverage, no active stock picking.
Sits in the upper half of its aristocrat peer group in our review, largely because the fee is a fraction of the cohort's.

VIG At 0.04% a year, the fee is roughly a tenth of the typical dividend-screen fund's 0.39%, and undercuts every other top-graded fund in the group, DGRO and SCHD included.
The screen rewards a record of increasing dividends rather than the biggest current payout, so the basket leans on payout discipline instead of stretched yields.
Live since 2006, over $100 billion in assets and actively traded, which shows up as easy fills rather than wide spreads.
About 300 holdings, cash paid quarterly, and one of the strongest overall implementations in its dividend-screen peer group.

Worth knowing

SPDG Small asset base and thin trading. Spreads can be wider than the crowded aristocrat funds, which matters more on larger orders than on small ones.
Launched in 2023, so the record is short next to peers that have been running for well over a decade.
Income here is a pass-through, not a policy: payouts arrive quarterly and rise or fall with what the underlying companies actually declare.

VIG Growth of payouts, not maximum income, is the mandate. That puts it on a different axis than high-dividend funds such as SPYD.
US stocks only, no bonds and no overseas payers, and sector weights are whatever the index screen spits out.
Portfolio risk and concentration measures land mid-pack for the category: it is fully invested in equities and drops when the market drops.

Full SPDG profile⁠

Full VIG profile⁠

SPDG vs VIG Holdings

How SPDG and VIG differ

Overlap by weight

30.2%

Shared holdings make up 61.8% of SPDG and 36.0% of VIG.

Level by level

Holdings112 in both30.2%
Sector11 Sectors73.8%
Asset classStocks100%
Countryby domicile99.8%

Sector

Sector weights in SPDG and VIG, widest gap first
Sector	Gap	SPDG	VIG
Communication	SPDG +10.2 points	10.2%	0.0%
Health Care	VIG +9.1 points	9.6%	18.7%
Financials	VIG +8.7 points	12.0%	20.7%
Technology	SPDG +7.9 points	35.3%	27.4%
Consumer Discretionary	SPDG +5.9 points	9.8%	3.9%
Consumer Staples	VIG +4.8 points	4.3%	9.1%
Real Estate	SPDG +2.3 points	2.3%	0.0%
Industrials	VIG +1.7 points	9.1%	10.8%
Materials	VIG +1.1 points	2.1%	3.2%
Utilities	VIG +0.6 points	2.1%	2.7%
Energy	VIG +0.3 points	3.3%	3.6%

Country, concentration and asset class

Country by domicile

Country weights in SPDG and VIG, widest gap first
Country	Gap	SPDG	VIG
United States	VIG +0.2 points	99.8%	100.0%
United Kingdom	SPDG +0.2 points	0.2%	0.0%
India	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SPDG40.9%
VIG34.5%

Securities held

SPDG271
VIG341

Asset class

SPDG: Stocks
VIG: Stocks

Holdings

Only in SPDG159
In both112
Only in VIG229

Only in SPDG

159 securities, 38.1% of SPDG by weight

Verizon Communications Inc6.60%
Comcast Corp Class A2.81%
Corning Inc1.91%
Philip Morris International1.43%
Hewlett Packard Enterprise1.30%
Nxp Semiconductors NV1.23%
Us Bancorp1.19%
Chevron Corp0.85%
Truist Financial Corp0.77%
Deere & Co0.74%
Omnicom Group0.72%
Netapp Inc0.64%
Altria Group Inc0.56%
Prudential Financial Inc0.54%
Hp Inc0.52%
Pfizer Inc0.48%
Cognizant Tech Solutions A0.48%
M & T Bank Corp0.41%
Realty Income Corp0.40%
Huntington Bancshares Inc0.40%
Public Storage0.39%
Southern Co/The0.39%
Bristol Myers Squibb Co0.39%
Duke Energy Corp0.38%
Target Corp0.36%
Citizens Financial Group0.34%
Vivmark Residential0.34%
Johnson Controls Internation0.34%
United Parcel Service Class B0.32%
Conocophillips0.32%
T Rowe Price Group Inc0.31%
Regions Financial Corp0.30%
Cvs Health Corp0.30%
Gen Digital Inc0.29%
Norfolk Southern Corp0.28%
Fedex Corp0.27%
Keycorp0.24%
Extra Space Storage Inc0.23%
Best Buy Co Inc0.21%
The Cigna Group0.21%
Vici Properties Inc0.20%
Packaging Corp of America0.19%
Genuine Parts Co0.19%
Everest Group Ltd0.18%
Exelon Corp0.18%
Amcor PLC0.17%
Kimberly Clark Corp0.17%
Williams Cos Inc0.16%
Cf Industries Holdings Inc0.16%
Consolidated Edison Inc0.16%

Only in VIG

229 securities, 63.8% of VIG by weight

Microsoft Corp4.90%
Apple Inc4.89%
Broadcom Inc4.30%
Eli Lilly & Co4.10%
JPMorgan Chase & Co3.89%
Visa Inc2.53%
Walmart Inc2.05%
Mastercard Inc1.97%
Lam Research Corp1.82%
Costco Wholesale Corp1.79%
Caterpillar Inc1.65%
Bank of America Corp1.57%
Procter & Gamble Co/The1.50%
Coca-Cola Co/The1.48%
KLA Corp1.13%
Goldman Sachs Group Inc/The1.09%
Oracle Corp1.05%
Morgan Stanley0.99%
Linde PLC0.97%
Amphenol Corp0.92%
NextEra Energy Inc0.70%
Blackrock Inc0.68%
Danaher Corp0.61%
S&P Global Inc0.53%
Chubb Ltd0.51%
McKesson Corp0.44%
Bank of New York Mellon Corp/The0.43%
Stryker Corp0.43%
CME Group Inc0.42%
Intercontinental Exchange Inc0.38%
Marsh & McLennan Cos Inc0.36%
Intuit Inc0.33%
Travelers Cos Inc/The0.33%
Sherwin-Williams Co/The0.33%
Ecolab Inc0.31%
Colgate-Palmolive Co0.30%
Moody's Corp0.30%
Cintas Corp0.30%
American Electric Power Co Inc0.29%
TE Connectivity PLC0.27%
Aon PLC0.26%
Arthur J Gallagher & Co0.26%
Comfort Systems USA Inc0.26%
Cencora Inc0.25%
Allstate Corp/The0.25%
WW Grainger Inc0.24%
Nucor Corp0.23%
Cardinal Health Inc0.23%
Sempra0.23%
Aflac Inc0.22%

Weight gaps

The 100 widest of 112 Holdings in both funds.

Holding weights in SPDG and VIG, widest gap first
Holding	Gap	SPDG	VIG
Cisco Systems IncCSCO	SPDG +5.53 points	7.41%	1.88%
Texas Instruments IncTXN	SPDG +3.85 points	4.98%	1.13%
Intl Business Machines CorpIBM	SPDG +3.11 points	4.03%	0.92%
Qualcomm IncQCOM	SPDG +2.78 points	3.65%	0.87%
Analog Devices IncADI	SPDG +2.60 points	3.46%	0.86%
Home Depot IncHD	SPDG +2.24 points	3.50%	1.26%
Accenture PLC Class AACN	SPDG +1.93 points	2.43%	0.50%
Exxonmobil Holdings CorpXOM	VIG +1.56 points	1.40%	2.96%
McDonald’s CorpMCD	SPDG +1.35 points	2.07%	0.72%
Motorola Solutions IncMSI	SPDG +1.29 points	1.62%	0.33%
Lowe’s Cos IncLOW	SPDG +0.87 points	1.33%	0.46%
Starbucks CorpSBUX	SPDG +0.82 points	1.29%	0.47%
Pnc Financial Services GroupPNC	SPDG +0.80 points	1.18%	0.38%
Johnson & JohnsonJNJ	VIG +0.77 points	2.06%	2.83%
AbbVie IncABBV	VIG +0.63 points	1.42%	2.05%
Merck & Co. Inc.MRK	VIG +0.53 points	1.06%	1.59%
UnitedHealth Group IncUNH	VIG +0.52 points	0.94%	1.46%
Microchip Technology IncMCHP	SPDG +0.45 points	0.64%	0.19%
Metlife IncMET	SPDG +0.42 points	0.64%	0.22%
State Street CorpSTT	SPDG +0.41 points	0.62%	0.21%
Fifth Third BancorpFITB	SPDG +0.41 points	0.61%	0.20%
Nike Inc Class BNKE	SPDG +0.30 points	0.49%	0.19%
Air Products & Chemicals IncAPD	SPDG +0.30 points	0.57%	0.27%
Amgen IncAMGN	VIG +0.29 points	0.72%	1.01%
Phillips 66PSX	VIG +0.26 points	0.19%	0.45%
Cdw Corp/DeCDW	SPDG +0.25 points	0.32%	0.07%
Gilead Sciences IncGILD	VIG +0.22 points	0.60%	0.82%
Principal Financial GroupPFG	SPDG +0.19 points	0.29%	0.10%
Abbott LaboratoriesABT	VIG +0.20 points	0.56%	0.76%
Eaton Corp PLCETN	VIG +0.13 points	0.61%	0.74%
Ppg Industries IncPPG	SPDG +0.13 points	0.23%	0.10%
Medtronic PLCMDT	VIG +0.13 points	0.36%	0.49%
Elevance Health IncELV	VIG +0.11 points	0.25%	0.36%
Pepsico IncPEP	SPDG +0.10 points	0.87%	0.77%
Avnet IncAVT	SPDG +0.10 points	0.14%	0.04%
American Financial Group IncAFG	SPDG +0.09 points	0.13%	0.04%
Southstate Bank CorpSSB	SPDG +0.09 points	0.13%	0.04%
Cullen/Frost Bankers IncCFR	SPDG +0.08 points	0.12%	0.04%
Unum GroupUNM	SPDG +0.08 points	0.14%	0.06%
Zions Bancorp NaZION	SPDG +0.08 points	0.12%	0.04%
Prosperity Bancshares IncPB	SPDG +0.07 points	0.11%	0.04%
Old Republic Intl CorpORI	SPDG +0.07 points	0.11%	0.04%
Cummins IncCMI	VIG +0.06 points	0.25%	0.31%
Avery Dennison CorpAVY	SPDG +0.06 points	0.12%	0.06%
Rpm International IncRPM	SPDG +0.06 points	0.12%	0.06%
Dick’s Sporting Goods IncDKS	SPDG +0.06 points	0.10%	0.04%
Dolby Laboratories Inc Class ADLB	SPDG +0.05 points	0.07%	0.02%
Becton Dickinson and CoBDX	VIG +0.06 points	0.16%	0.22%
Pool CorpPOOL	SPDG +0.05 points	0.08%	0.03%
First American FinancialFAF	SPDG +0.05 points	0.08%	0.03%
Home Bancshares IncHOMB	SPDG +0.05 points	0.07%	0.02%
Mondelez International Inc AMDLZ	SPDG +0.04 points	0.37%	0.33%
Zoetis IncZTS	VIG +0.04 points	0.09%	0.13%
Rockwell Automation IncROK	VIG +0.04 points	0.17%	0.21%
First Finl Bankshares IncFFIN	SPDG +0.04 points	0.06%	0.02%
Brunswick CorpBC	SPDG +0.04 points	0.06%	0.02%
United Community Banks/GaUCB	SPDG +0.03 points	0.05%	0.02%
Power Integrations IncPOWI	SPDG +0.04 points	0.05%	0.01%
Union Pacific CorpUNP	VIG +0.04 points	0.68%	0.72%
Independent Bank Corp/MaINDB	SPDG +0.03 points	0.05%	0.02%
Thor Industries IncTHO	SPDG +0.03 points	0.05%	0.02%
Quest Diagnostics IncDGX	VIG +0.03 points	0.08%	0.11%
Community Financial System ICBU	SPDG +0.03 points	0.04%	0.01%
Honeywell Aerospace IncHONA	VIG +0.03 points	0.19%	0.22%
Northrop Grumman CorpNOC	VIG +0.03 points	0.26%	0.29%
N B T Bancorp IncNBTB	SPDG +0.03 points	0.04%	0.01%
Emerson Electric CoEMR	VIG +0.02 points	0.36%	0.38%
Avient CorpAVNT	SPDG +0.02 points	0.04%	0.02%
Cabot CorpCBT	SPDG +0.01 points	0.03%	0.02%
Csx CorpCSX	VIG +0.01 points	0.37%	0.38%
Silgan Holdings IncSLGN	SPDG +0.02 points	0.03%	0.01%
Lockheed Martin CorpLMT	VIG +0.02 points	0.44%	0.46%
Automatic Data ProcessingADP	VIG +0.01 points	0.44%	0.45%
C.h. Robinson Worldwide IncCHRW	VIG +0.02 points	0.06%	0.08%
Hubbell IncHUBB	VIG +0.02 points	0.09%	0.11%
Graco IncGGG	VIG +0.02 points	0.04%	0.06%
Fastenal CoFAST	VIG +0.01 points	0.24%	0.25%
Illinois Tool WorksITW	VIG +0.02 points	0.28%	0.30%
Westlake CorpWLK	SPDG +0.01 points	0.02%	<0.01%
General Dynamics CorpGD	VIG +0.01 points	0.36%	0.37%
Tyson Foods Inc Class ATSN	SPDG +0.01 points	0.07%	0.06%
Waste Management IncWM	VIG +0.01 points	0.33%	0.34%
Nordson CorpNDSN	VIG +0.01 points	0.07%	0.08%
Honeywell International IncHON	VIG +0.01 points	0.29%	0.30%
Archer Daniels Midland CoADM	VIG +0.01 points	0.16%	0.17%
Allegion PLCALLE	Same weight	0.06%	0.06%
Dte Energy CompanyDTE	Same weight	0.11%	0.11%
Idex CorpIEX	Same weight	0.07%	0.07%
Snap On IncSNA	Same weight	0.08%	0.08%
Timken CoTKR	Same weight	0.03%	0.03%
Donaldson Co IncDCI	Same weight	0.04%	0.04%
Brown Forman Corp Class BBF.B	Same weight	0.02%	0.02%
Carlisle Cos IncCSL	Same weight	0.06%	0.06%
Msa Safety IncMSA	Same weight	0.03%	0.03%
Oshkosh CorpOSK	VIG +0.01 points	0.03%	0.04%
Booz Allen Hamilton HoldingsBAH	Same weight	0.04%	0.04%
Toro CoTTC	Same weight	0.04%	0.04%
Masco CorpMAS	Same weight	0.06%	0.06%
Watsco IncWSO	Same weight	0.05%	0.05%
Lincoln Electric HoldingsLECO	Same weight	0.06%	0.06%

All 271 SPDG holdings⁠All 333 VIG 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.

SPDG vs VIG Cost

Overpaying SPDG vs VIG

$211

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

SPDG 0.05%
$1,060
VIG 0.04%
$849

Amount$10,000

Years30 years

Cost over time

SPDG 0.05%
VIG 0.04%
Overpaying

Year by year

Year	SPDG	VIG	Overpaying
10	$92	$73	$19
20	$360	$288	$72
30	$1,060	$849	$211

Expense ratio

0.05%SPDG
0.04%VIG, cheaper

VIG0.04%SPDG0.05%

0.04%0.70%

Middle half of US Dividend Index funds
Median 0.35%

VIG cheapest of 52 funds

SPDG 2nd cheapest of 52 funds

SPDG vs VIG Dividends

Last 12 months to Nov 9, 2026

Yield (12M): SPDG 2.65%, better; VIG 1.46%
Payout (12M): SPDG $1.25; VIG $3.65
Last payment: SPDG $0.30; VIG $0.93
Ex-dividend: SPDG Sep 21, 2026; VIG Sep 28, 2026
Paid on: SPDG Sep 23, 2026; VIG Sep 30, 2026
Frequency: SPDG Quarterly; VIG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPDGQuarterly · 12 paymentsAll SPDG payments⁠

VIGQuarterly · 39 paymentsAll VIG payments⁠

SPDG vs VIG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SPDG 11.9%VIG 10.6%, better
Return per unit of riskSharpe ratio, 3 years: SPDG 1.38, betterVIG 1.33
Worst fallMax drawdown, 5 years: SPDG −15.7%since Sep 2023VIG −20.4%
Market sensitivityBeta, 5 years: SPDG 0.77VIG 0.80; Market = 1

SPDG and VIG in the news

All news⁠

Best ETFs
For a rising dividend, iShares Core Dividend Growth ETF ranks first
Updated Nov 2, 2026VIG
New ETFs
Eventide lists two ETFs at 0.75% and 0.95% for strategies it already runs
Oct 30, 2026VIG
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VIG
First-Year Review
EASY's first year trailed the defensive index it names
Sep 30, 2026VIG
New ETFs
Raub Brock lists HQDG, an active dividend-growth ETF priced at 0.50%
Sep 8, 2026VIG

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SPDG vs VIG

In short

Stated mandate

Why people hold it