SPYG vs SPYM: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

State Street SPDR Portfolio S&P 500 ETF

SPYMANYSE Arca

Overlap

66.0%by weight

Expense ratio

SPYM −0.02pt a year

SPYG0.04%SPYM0.02%

Avg volume · 30D

SPYM 5.4×the volume

SPYG2.26MSPYM12.1M

10Y return · a year

SPYG +2.3pt

SPYG+18.0%SPYM+15.7%

SPYG vs SPYM Performance

Oct 28, 2021 – Oct 28, 2026

+81.8%SPYG+80.7%SPYM

Expense ratio: SPYG 0.04%; SPYM 0.02%, better
Fund size: SPYG $55.3B; SPYM $183B
1Y total return: SPYG +12.2%; SPYM +13.7%, better
Yield (12M): SPYG 0.48%; SPYM 1.00%, better
Holdings: SPYG 153; SPYM 508
Avg volume (30D): SPYG 2.26M sh; SPYM 12.1M sh, better
NAV per share: SPYG $119.41; SPYM $90.06
52W range

ETF.net Grade

Pillar letters and Scores for SPYG, SPYM, with each pillar’s weight
Pillar	SPYG	SPYM
Cost30% weight	A96	A99
Mission25% weight	A98	A100
Risk15% weight	B55	C51
Tradability15% weight	A95	A72
Holdings10% weight	D37	B57
Durability5% weight	A79	A79

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SPYG ranks 1st of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 83
Rank 2AIMCGiShares Morningstar Mid-Cap Growth ETFScore 78

S&P 500⁠

Category · 14 funds

See all 14 ›

SPYM ranks 1st of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79

Our read on each fund

ETF.net Research

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

SPYMAState Street SPDR Portfolio S&P 500 ETF

In short

SPYG The growth half of the S&P 500 for 0.04% a year, running since 2000. No exotic screen, no reinvention: just the index's fastest-growing names, in the cheapest wrapper tracking that index.

SPYM State Street's budget-priced S&P 500 tracker: the same 500 large caps as its famous sibling, for 0.02% a year, the lowest fee in its S&P 500 peer group. Running since 2005 and now one of the category's giants.

Stated mandate

SPYG The fund seeks to track, before fees and expenses, the total return of the S&P 500 Growth Index. It provides exposure to S&P 500 companies selected for strong growth characteristics.

SPYM The fund seeks to track the total return of the S&P 500 Index before fees and expenses, providing broad exposure to U.S. large-cap equities.

Why people hold it

SPYG Costs 0.04% a year, well under the typical fee in the US growth-ETF group.
The cheapest way to buy the S&P 500 Growth Index: VOOG follows the same benchmark at 0.07%.
Has tracked its index tightly, one of the strongest implementations among growth funds we grade.
Trading since 2000, now a multi-billion-dollar fund that changes hands actively, so spreads stay thin. Pays quarterly.

SPYM 0.02% a year, the cheapest fee in its S&P 500 cohort, against a 0.15% median for the group. Two dollars a year per $10,000 invested.
Same S&P 500 index as State Street's flagship SPY (0.09%), for a fraction of the fee, and a basis point under VOO and IVV.
Tracks the index tightly: gaps between fund and benchmark are among the smallest in its peer group, which is the whole job of an index wrapper.
Live since 2005, now one of the largest and most heavily traded funds in the category. Distributions land quarterly.

Worth knowing

SPYG About 150 stocks, not 500. You get the growth slice, which means heavier single-name and sector concentration than the full index.
The index screens on growth and momentum, so rebalances lean into names that have already run and the ride is bumpier than the broad market.
Large-cap US only. No small caps, no international, no bonds.

SPYM The S&P 500 is cap-weighted, so the biggest US companies drive most of the move. Equal-weight takes on the same index (RSP) spread that bet differently.
About 500 US large caps and nothing else: no mid caps, no small caps, no international.
The fee edge over VOO and IVV is one basis point. Same index, so trading costs and platform access matter as much as the sticker fee.

Full SPYG profile⁠

Full SPYM profile⁠

SPYG vs SPYM Holdings

Holdings as of Oct 27, 2026

How SPYG and SPYM differ

Overlap by weight

66.0%

Shared holdings make up 100% of SPYG and 67.3% of SPYM.

Level by level

Holdings152 in both66.0%
Sector11 Sectors79.2%
Countryby domicile98.3%
Asset classEquity100%

Sector

Sector weights in SPYG and SPYM, widest gap first
Sector	More in SPYGMore in SPYM	SPYG	SPYM
Technology	SPYG +15.3 points	52.9%	37.6%
Communication	SPYG +5.6 points	14.8%	9.2%
Consumer Staples	SPYM +3.8 points	1.2%	5.0%
Energy	SPYM +3.7 points	0.0%	3.7%
Health Care	SPYM +3.0 points	6.8%	9.9%
Financials	SPYM +2.9 points	9.2%	12.1%
Industrials	SPYM +2.4 points	5.6%	8.0%
Utilities	SPYM +1.7 points	0.3%	2.0%
Materials	SPYM +1.4 points	0.3%	1.7%
Real Estate	SPYM +1.2 points	0.6%	1.8%
Consumer Discretionary	SPYM +0.7 points	8.3%	9.0%

Country, concentration and asset class

Country by domicile

Country weights in SPYG and SPYM, widest gap first
Country	More in SPYGMore in SPYM	SPYG	SPYM
United States	SPYG +1.7 points	99.3%	97.6%
Ireland	SPYM +0.7 points	0.5%	1.2%
Other countries (6)	SPYM +0.9 points	0.3%	1.2%

Concentration

Weight in the 10 largest Holdings

SPYG59.7%
SPYM37.9%

Securities held

SPYG152
SPYM506

Asset class

SPYG: Equity
SPYM: Equity

Holdings

Only in SPYG0
In both152
Only in SPYM354

Only in SPYG

0 securities, 0.0% of SPYG by weight

Only in SPYM

354 securities, 32.7% of SPYM by weight

Exxonmobil Holdings Corp1.15%
Walmart Inc0.81%
Chevron Corp0.69%
Intel Corp0.68%
Costco Wholesale Corp0.67%
Procter & Gamble Co/The0.56%
UnitedHealth Group Inc0.56%
Merck & Co. Inc.0.52%
Bank of America Corp0.50%
Home Depot Inc0.48%
Texas Instruments Inc0.41%
Thermo Fisher Scientific Inc0.38%
Wells Fargo & Co0.38%
Linde PLC0.35%
Citigroup Inc0.31%
Salesforce Inc0.31%
Analog Devices Inc0.30%
Qualcomm Inc0.29%
Walt Disney Co/The0.29%
Pepsico Inc0.28%
Conocophillips0.27%
Abbott Laboratories0.27%
Verizon Communications Inc0.27%
Union Pacific Corp0.27%
Nextera Energy Inc0.26%
Pfizer Inc0.26%
BlackRock Inc0.25%
Deere & Co0.24%
Accenture PLC Class A0.23%
Schwab (Charles) Corp0.22%
Danaher Corp0.22%
Eaton Corp PLC0.22%
At+t Inc0.22%
Dell Technologies C0.21%
Marathon Petroleum Corp0.20%
Vertex Pharmaceuticals Inc0.20%
Lockheed Martin Corp0.19%
Western Digital Corp0.19%
Bristol Myers Squibb Co0.19%
Chubb Ltd0.19%
Capital One Financial Corp0.19%
Valero Energy Corp0.19%
Altria Group Inc0.19%
Prologis Inc0.18%
Automatic Data Processing0.18%
Cvs Health Corp0.18%
Starbucks Corp0.18%
Medtronic PLC0.18%
Mckesson Corp0.17%
Phillips 660.17%

Weight gaps

The 100 widest of 152 Holdings in both funds.

Holding weights in SPYG and SPYM, widest gap first
Holding	More in SPYGMore in SPYM	SPYG	SPYM
NVIDIA CorpNVDA	SPYG +6.72 points	14.62%	7.90%
Microsoft CorpMSFT	SPYG +5.08 points	11.06%	5.98%
Alphabet Inc Class AGOOGL	SPYG +2.39 points	5.20%	2.81%
Broadcom IncAVGO	SPYG +2.01 points	4.38%	2.37%
Alphabet Inc Class CGOOG	SPYG +1.92 points	4.18%	2.26%
Meta Platforms Inc Class AMETA	SPYG +1.79 points	3.89%	2.10%
Eli Lilly & CoLLY	SPYG +1.31 points	2.86%	1.55%
Berkshire Hathaway Inc Class BBRK.B	SPYG +1.32 points	2.86%	1.54%
Micron Technology IncMU	SPYG +1.31 points	2.85%	1.54%
Advanced Micro DevicesAMD	SPYG +1.12 points	2.43%	1.31%
Palantir Technologies Inc APLTR	SPYG +0.59 points	1.28%	0.69%
Apple IncAAPL	SPYM +0.56 points	7.02%	7.58%
Caterpillar IncCAT	SPYG +0.41 points	0.89%	0.48%
Applied Materials IncAMAT	SPYG +0.39 points	0.86%	0.47%
Lam Research CorpLRCX	SPYG +0.38 points	0.83%	0.45%
JPMorgan Chase & CoJPM	SPYG +0.35 points	1.69%	1.34%
Crowdstrike Holdings Inc ACRWD	SPYG +0.35 points	0.75%	0.40%
Rtx CorpRTX	SPYG +0.34 points	0.74%	0.40%
Netflix IncNFLX	SPYG +0.34 points	0.74%	0.40%
Ge Vernova IncGEV	SPYG +0.30 points	0.64%	0.34%
Kla CorpKLAC	SPYG +0.26 points	0.55%	0.29%
Tesla IncTSLA	SPYG +0.24 points	1.91%	1.67%
Amphenol Corp Class AAPH	SPYG +0.24 points	0.52%	0.28%
Arista Networks IncANET	SPYG +0.24 points	0.52%	0.28%
Sandisk CorpSNDK	SPYG +0.23 points	0.51%	0.28%
Welltower IncWELL	SPYG +0.22 points	0.48%	0.26%
Intuitive Surgical IncISRG	SPYG +0.21 points	0.45%	0.24%
Mastercard Inc AMA	SPYG +0.18 points	0.93%	0.75%
Uber Technologies IncUBER	SPYG +0.18 points	0.38%	0.20%
Newmont CorpNEM	SPYG +0.15 points	0.33%	0.18%
Booking Holdings IncBKNG	SPYG +0.15 points	0.32%	0.17%
Coca Cola Co/TheKO	SPYM +0.12 points	0.42%	0.54%
Datadog Inc Class ADDOG	SPYG +0.12 points	0.26%	0.14%
AbbVie IncABBV	SPYM +0.12 points	0.65%	0.77%
Quanta Services IncPWR	SPYG +0.11 points	0.24%	0.13%
Marriott International Class AMAR	SPYG +0.11 points	0.24%	0.13%
Hilton Worldwide Holdings InHLT	SPYG +0.10 points	0.22%	0.12%
Howmet Aerospace IncHWM	SPYG +0.10 points	0.22%	0.12%
Vertiv Holdings Co AVRT	SPYG +0.10 points	0.22%	0.12%
O Reilly Automotive IncORLY	SPYG +0.10 points	0.21%	0.11%
Robinhood Markets Inc AHOOD	SPYG +0.10 points	0.21%	0.11%
Amgen IncAMGN	SPYG +0.10 points	0.46%	0.36%
Lumentum Holdings IncLITE	SPYG +0.09 points	0.20%	0.11%
Applovin Corp Class AAPP	SPYG +0.09 points	0.20%	0.11%
Royal Caribbean Cruises LtdRCL	SPYG +0.09 points	0.20%	0.11%
Johnson & JohnsonJNJ	SPYG +0.09 points	1.06%	0.97%
Hca Healthcare IncHCA	SPYG +0.09 points	0.19%	0.10%
Monster Beverage CorpMNST	SPYG +0.09 points	0.19%	0.10%
Doordash Inc ADASH	SPYG +0.08 points	0.18%	0.10%
Transdigm Group IncTDG	SPYG +0.08 points	0.17%	0.09%
Goldman Sachs Group IncGS	SPYG +0.08 points	0.47%	0.39%
Bloom Energy Corp ABE	SPYG +0.08 points	0.17%	0.09%
Monolithic Power Systems IncMPWR	SPYG +0.07 points	0.16%	0.09%
Amazon.com IncAMZN	SPYM +0.07 points	3.62%	3.69%
American Express CoAXP	SPYG +0.07 points	0.32%	0.25%
Ciena CorpCIEN	SPYG +0.06 points	0.13%	0.07%
Idexx Laboratories IncIDXX	SPYG +0.06 points	0.13%	0.07%
Vistra CorpVST	SPYG +0.06 points	0.13%	0.07%
Comfort Systems Usa IncFIX	SPYG +0.05 points	0.12%	0.07%
Everpure Inc AP	SPYG +0.05 points	0.12%	0.07%
Coherent CorpCOHR	SPYG +0.05 points	0.12%	0.07%
Twilio Inc ATWLO	SPYG +0.05 points	0.11%	0.06%
McDonald’s CorpMCD	SPYM +0.05 points	0.22%	0.27%
Interactive Brokers Gro Class AIBKR	SPYG +0.04 points	0.10%	0.06%
Carnival Corp LtdCCL	SPYG +0.05 points	0.10%	0.05%
Morgan StanleyMS	SPYG +0.04 points	0.37%	0.33%
Corning IncGLW	SPYG +0.05 points	0.20%	0.15%
Boeing Co/TheBA	SPYM +0.04 points	0.18%	0.22%
Expedia Group IncEXPE	SPYG +0.04 points	0.09%	0.05%
Seagate Technology HoldingsSTX	SPYG +0.04 points	0.26%	0.22%
Marvell Technology IncMRVL	SPYM +0.04 points	0.27%	0.31%
S+p Global IncSPGI	SPYM +0.04 points	0.17%	0.21%
Emcor Group IncEME	SPYG +0.04 points	0.08%	0.04%
Flex LtdFLEX	SPYG +0.04 points	0.08%	0.04%
Stryker CorpSYK	SPYM +0.03 points	0.13%	0.16%
Ulta Beauty IncULTA	SPYG +0.04 points	0.08%	0.04%
Casey’s General Stores IncCASY	SPYG +0.03 points	0.07%	0.04%
Verisign IncVRSN	SPYG +0.03 points	0.07%	0.04%
Servicenow IncNOW	SPYG +0.03 points	0.28%	0.25%
Constellation EnergyCEG	SPYG +0.03 points	0.16%	0.13%
Johnson Controls InternationJCI	SPYG +0.02 points	0.16%	0.14%
Tapestry IncTPR	SPYG +0.03 points	0.06%	0.03%
Fortinet IncFTNT	SPYG +0.03 points	0.20%	0.17%
Ebay IncEBAY	SPYG +0.03 points	0.10%	0.07%
Cummins IncCMI	SPYG +0.02 points	0.13%	0.11%
Te Connectivity PLCTEL	SPYG +0.03 points	0.12%	0.09%
Simon Property Group IncSPG	SPYM +0.02 points	0.08%	0.10%
Bank of New York Mellon CorpBNY	SPYG +0.03 points	0.18%	0.15%
Incyte CorpINCY	SPYG +0.02 points	0.05%	0.03%
Boston Scientific CorpBSX	SPYG +0.02 points	0.12%	0.10%
First Solar IncFSLR	SPYG +0.02 points	0.05%	0.03%
Cadence Design Sys IncCDNS	SPYG +0.03 points	0.16%	0.13%
Ralph Lauren CorpRL	SPYG +0.02 points	0.04%	0.02%
Visa Inc Class A SharesV	SPYG +0.02 points	1.06%	1.04%
Palo Alto Networks IncPANW	SPYG +0.02 points	0.50%	0.48%
Philip Morris InternationalPM	SPYG +0.01 points	0.49%	0.48%
General ElectricGE	SPYM +0.01 points	0.44%	0.45%
Autozone IncAZO	SPYG +0.01 points	0.09%	0.08%
Echostar Corp AECHO	SPYG +0.01 points	0.03%	0.02%
Airbnb Inc Class AABNB	SPYM +0.02 points	0.09%	0.11%

All 152 SPYG holdings⁠All 505 SPYM 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.

SPYG vs SPYM Cost

Overpaying SPYG vs SPYM

$423

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

SPYG 0.04%
$849
SPYM 0.02%
$426

Amount$10,000

Years30 years

Cost over time

SPYG 0.04%
SPYM 0.02%
Overpaying

Year by year

Year	SPYG	SPYM	Overpaying
10	$73	$37	$36
20	$288	$144	$144
30	$849	$426	$423

Expense ratio

0.04%SPYG
0.02%SPYM, cheaper

Different Categories, so each fee sits in its own Category’s range.

SPYG among 35 US Growth Index funds

SPYG0.04%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SPYG 2nd cheapest of 35 funds

SPYM among 14 S&P 500 funds

SPYM0.02%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

SPYM cheapest of 14 funds

SPYG vs SPYM Dividends

Last 12 months to Oct 28, 2026

Yield (12M): SPYG 0.48%; SPYM 1.00%, better
Payout (12M): SPYG $0.59; SPYM $0.91
Last payment: SPYG $0.15; SPYM $0.24
Ex-dividend: SPYG Sep 21, 2026; SPYM Sep 11, 2026
Paid on: SPYG Sep 23, 2026; SPYM Sep 15, 2026
Frequency: SPYG Quarterly; SPYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

SPYMQuarterly · 39 paymentsAll SPYM payments⁠

SPYG vs SPYM Risk

Fall from peak · 5 years

SPYG
SPYM

Risk facts

VolatilityStd dev, 3 years: SPYG 16.1%SPYM 12.4%, better
Return per unit of riskSharpe ratio, 3 years: SPYG 1.37SPYM 1.37
Worst fallMax drawdown, 5 years: SPYG −32.7%SPYM −24.5%, better
Market sensitivityBeta, 5 years: SPYG 1.18SPYM 1.01; Market = 1

SPYG and SPYM in the news

All news⁠

Head-to-Head
SPYM leads IWF by 9.4 percentage points in 2026. They are not the same bet
Oct 21, 2026SPYM
Deep Dive
SPY trailed the S&P 500 by 0.14 percentage points over the past year, more than triple the gap at cheaper rivals
Oct 13, 2026SPYM
Deep Dive
VOO shares its portfolio with other Vanguard 500 index fund share classes
Oct 10, 2026SPYM
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SPYG
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026SPYM

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