SPYG vs VOT: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Vanguard Morningstar Mid-Cap Growth ETF

VOTANYSE Arca

Overlap

5.5%by weight

Expense ratio

SPYG −0.01pt a year

SPYG0.04%VOT0.05%

Avg volume · 30D

SPYG 11.2×the volume

SPYG2.28MVOT204K

10Y return · a year

SPYG +5.9pt

SPYG+17.5%VOT+11.6%

SPYG vs VOT Performance

Oct 29, 2021 – Oct 30, 2026

+73.4%SPYG+15.5%VOT

Expense ratio: SPYG 0.04%, better; VOT 0.05%
Fund size: SPYG $55.5B; VOT $33.2B
1Y total return: SPYG +8.3%, better; VOT −1.2%
Yield (12M): SPYG 0.50%; VOT 0.62%, better
Holdings: SPYG 154; VOT 123
Avg volume (30D): SPYG 2.28M sh, better; VOT 204K sh
NAV per share: SPYG $119.59; VOT $286.95
52W range

ETF.net Grade

Pillar letters and Scores for SPYG, VOT, with each pillar’s weight
Pillar	SPYG	VOT
Cost30% weight	A96Higher	A78
Mission25% weight	A98Higher	A97
Risk15% weight	B62Higher	C49
Tradability15% weight	A95Higher	D39
Holdings10% weight	D38	A72Higher
Durability5% weight	A79	A79

Rank among US Growth Index funds

How we build Categories ›

Same Category. SPYG and VOT are both graded against the same 35 US Growth Index funds, so their Grades compare head to head.

US Growth Index⁠

Category · 35 funds

See all 35 ›

SPYG ranks 1st and VOT 7th of 35 funds in the US Growth Index Category.

Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
Rank 2AILCGiShares Morningstar Growth ETFScore 78
Rank 6AVBKVanguard Morningstar Small-Cap Growth ETFScore 72
Rank 7AVOTVanguard Morningstar Mid-Cap Growth ETFScore 71
Rank 8ASFYSoFi Select 500 ETFScore 69

Our read on each fund

ETF.net Research

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

VOTAVanguard Morningstar Mid-Cap Growth 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.

VOT Mid-caps are the market's forgotten middle: too big for small-cap funds, too small for the S&P 500. VOT buys the growth half of that gap for five basis points, a fraction of what the typical factor fund charges.

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.

VOT The ETF is designed to follow the CRSP US Mid Cap Growth Index, a passive benchmark for U.S. mid-capitalization growth companies.

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.

VOT 0.05% a year, against a 0.32% median for its peer group. Roughly one-sixth the going rate for a factor fund.
Live since 2006 and now a multi-tens-of-billions fund, it stands among the strongest overall packages in its peer group.
Its ETF shares are one class of Vanguard's underlying mid-cap growth index fund, so ETF and mutual fund holders sit on the same portfolio.sec.gov
Rules-based, not manager-picked: roughly 130 U.S. mid-cap growth names chosen by index, with no stock-picking discretion.vanguard.com

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.

VOT Mid-cap growth is a bumpier ride. On measured volatility this sits among the more turbulent funds in its cohort.
Roughly 130 stocks, so the largest names carry real weight. This is one slice of the market, not the whole thing.
It pays quarterly, but a growth mandate is not an income mandate.

Full SPYG profile⁠

Full VOT profile⁠

SPYG vs VOT Holdings

How SPYG and VOT differ

Overlap by weight

5.5%

Shared holdings make up 54.3% of VOT and 5.5% of SPYG.

Level by level

Holdings51 in both5.5%
Sector11 Sectors63.7%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in SPYG and VOT, widest gap first
Sector	More in SPYGMore in VOT	SPYG	VOT
Technology	SPYG +21.4 points	52.9%	31.5%
Industrials	VOT +19.8 points	5.6%	25.4%
Communication	SPYG +12.1 points	14.8%	2.7%
Consumer Discretionary	VOT +4.4 points	8.3%	12.7%
Real Estate	VOT +3.5 points	0.6%	4.0%
Health Care	VOT +2.9 points	6.8%	9.8%
Utilities	VOT +2.8 points	0.3%	3.1%
Financials	SPYG +2.4 points	9.2%	6.8%
Energy	VOT +1.7 points	0.0%	1.7%
Materials	VOT +1.1 points	0.3%	1.4%
Consumer Staples	SPYG +0.4 points	1.2%	0.8%

Country, concentration and asset class

Country by domicile

Country weights in SPYG and VOT, widest gap first
Country	More in SPYGMore in VOT	SPYG	VOT
United States	VOT +0.2 points	99.8%	100.0%
China	SPYG +0.1 points	0.1%	0.0%
Mexico	SPYG +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

SPYG58.9%
VOT21.2%

Securities held

SPYG152
VOT118

Asset class

SPYG: Equity
VOT: Equity

Holdings

Only in SPYG101
In both51
Only in VOT67

Only in SPYG

101 securities, 94.5% of SPYG by weight

NVIDIA Corp14.44%
Microsoft Corp10.99%
Apple Inc7.11%
Alphabet Inc Class A4.65%
Broadcom Inc4.58%
Meta Platforms Inc Class A3.85%
Alphabet Inc Class C3.75%
Amazon.com Inc3.54%
Eli Lilly & Co3.07%
Micron Technology Inc2.95%
Berkshire Hathaway Inc Class B2.82%
Advanced Micro Devices2.58%
Tesla Inc1.97%
JPMorgan Chase & Co1.73%
Palantir Technologies Inc A1.26%
Johnson & Johnson1.09%
Visa Inc Class A Shares1.07%
Mastercard Inc A0.96%
Applied Materials Inc0.93%
Lam Research Corp0.89%
Caterpillar Inc0.83%
Rtx Corp0.75%
Crowdstrike Holdings Inc A0.74%
Netflix Inc0.72%
Ge Vernova Inc0.66%
AbbVie Inc0.66%
Cisco Systems Inc0.63%
Kla Corp0.61%
Amphenol Corp Class A0.57%
Sandisk Corp0.54%
Arista Networks Inc0.54%
Philip Morris International0.51%
Goldman Sachs Group Inc0.49%
Palo Alto Networks Inc0.48%
Amgen Inc0.47%
General Electric0.47%
Welltower Inc0.47%
Intuitive Surgical Inc0.44%
Coca Cola Co/The0.42%
Morgan Stanley0.38%
Uber Technologies Inc0.37%
Intl Business Machines Corp0.35%
Oracle Corp0.35%
Newmont Corp0.33%
American Express Co0.32%
Booking Holdings Inc0.32%
Gilead Sciences Inc0.31%
Seagate Technology Holdings0.28%
Marvell Technology Inc0.25%
Tjx Companies Inc0.24%

Only in VOT

67 securities, 45.6% of VOT by weight

Cloudflare Inc2.65%
Motorola Solutions Inc1.74%
Targa Resources Corp1.37%
Fastenal Co1.34%
AMETEK Inc1.34%
Snowflake Inc1.32%
WW Grainger Inc1.32%
Astera Labs Inc1.31%
Realty Income Corp1.21%
Agilent Technologies Inc1.15%
Garmin Ltd1.11%
Waters Corp1.02%
Microchip Technology Inc1.00%
Republic Services Inc0.99%
Rocket Lab Corp0.99%
Chipotle Mexican Grill Inc0.96%
Block Inc0.94%
Coinbase Global Inc0.93%
Waste Connections Inc0.92%
CoreWeave Inc0.80%
Cintas Corp0.78%
Alnylam Pharmaceuticals Inc0.78%
Old Dominion Freight Line Inc0.77%
Vulcan Materials Co0.75%
Paychex Inc0.75%
Iron Mountain Inc0.74%
Keysight Technologies Inc0.73%
Martin Marietta Materials Inc0.68%
Atlassian Corp0.67%
Teledyne Technologies Inc0.66%
Extra Space Storage Inc0.66%
ROBLOX Corp0.64%
MongoDB Inc0.63%
West Pharmaceutical Services Inc0.62%
Ares Management Corp0.58%
Honeywell Aerospace Inc0.58%
Corpay Inc0.57%
LPL Financial Holdings Inc0.57%
Xylem Inc/NY0.56%
Veralto Corp0.54%
Copart Inc0.54%
Super Micro Computer Inc0.53%
Church & Dwight Co Inc0.53%
Rocket Cos Inc0.52%
Zscaler Inc0.50%
HEICO Corp0.41%
Brown & Brown Inc0.41%
SBA Communications Corp0.40%
Equifax Inc0.38%
ON Semiconductor Corp0.35%

Weight gaps

All 51 Holdings in both funds, largest gap first.

Holding weights in SPYG and VOT, widest gap first
Holding	More in SPYGMore in VOT	SPYG	VOT
Quanta Services IncPWR	VOT +2.01 points	0.27%	2.28%
Vertiv Holdings Co AVRT	VOT +1.94 points	0.26%	2.20%
Datadog Inc Class ADDOG	VOT +1.92 points	0.25%	2.17%
Howmet Aerospace IncHWM	VOT +1.90 points	0.23%	2.13%
Robinhood Markets Inc AHOOD	VOT +1.90 points	0.20%	2.10%
Constellation EnergyCEG	VOT +1.86 points	0.16%	2.02%
Lumentum Holdings IncLITE	VOT +1.83 points	0.23%	2.06%
Ross Stores IncROST	VOT +1.67 points	0.10%	1.77%
Bloom Energy Corp ABE	VOT +1.65 points	0.18%	1.83%
Doordash Inc ADASH	VOT +1.50 points	0.19%	1.69%
Hilton Worldwide Holdings InHLT	VOT +1.47 points	0.22%	1.69%
Teradyne IncTER	VOT +1.40 points	0.07%	1.48%
Royal Caribbean Cruises LtdRCL	VOT +1.38 points	0.22%	1.60%
Monolithic Power Systems IncMPWR	VOT +1.33 points	0.16%	1.49%
Comfort Systems Usa IncFIX	VOT +1.25 points	0.13%	1.38%
Transdigm Group IncTDG	VOT +1.23 points	0.18%	1.41%
Coherent CorpCOHR	VOT +1.20 points	0.13%	1.33%
Fortinet IncFTNT	VOT +1.17 points	0.15%	1.32%
Edwards Lifesciences CorpEW	VOT +1.11 points	0.07%	1.18%
Ciena CorpCIEN	VOT +1.04 points	0.14%	1.18%
Autozone IncAZO	VOT +1.00 points	0.09%	1.09%
Vistra CorpVST	VOT +0.98 points	0.12%	1.10%
Ventas IncVTR	VOT +0.97 points	0.06%	1.03%
Autodesk IncADSK	VOT +0.96 points	0.08%	1.04%
Carvana CoCVNA	VOT +0.94 points	0.07%	1.01%
Veeva Systems Inc Class AVEEV	VOT +0.90 points	0.08%	0.98%
Take Two Interactive SoftwreTTWO	VOT +0.87 points	0.05%	0.92%
Idexx Laboratories IncIDXX	VOT +0.84 points	0.13%	0.97%
Workday Inc Class AWDAY	VOT +0.83 points	0.05%	0.88%
Yum Brands IncYUM	VOT +0.82 points	0.06%	0.88%
Msci IncMSCI	VOT +0.76 points	0.07%	0.83%
Dexcom IncDXCM	VOT +0.73 points	0.04%	0.77%
Axon Enterprise IncAXON	VOT +0.70 points	0.07%	0.77%
Resmed IncRMD	VOT +0.69 points	0.06%	0.75%
Mettler Toledo InternationalMTD	VOT +0.67 points	0.05%	0.72%
Expedia Group IncEXPE	VOT +0.62 points	0.09%	0.71%
Live Nation Entertainment InLYV	VOT +0.54 points	0.04%	0.58%
Rockwell Automation IncROK	VOT +0.49 points	0.08%	0.57%
Verisk Analytics IncVRSK	VOT +0.48 points	0.04%	0.52%
Ulta Beauty IncULTA	VOT +0.47 points	0.08%	0.55%
Verisign IncVRSN	VOT +0.47 points	0.07%	0.54%
Reddit Inc Class ARDDT	VOT +0.44 points	0.03%	0.47%
Flex LtdFLEX	VOT +0.38 points	0.10%	0.48%
Fair Isaac CorpFICO	VOT +0.27 points	0.02%	0.29%
Carnival Corp LtdCCL	VOT +0.26 points	0.10%	0.36%
Steris PLCSTE	VOT +0.21 points	0.03%	0.24%
Las Vegas Sands CorpLVS	VOT +0.20 points	0.03%	0.23%
Apollo Global Management IncAPO	VOT +0.20 points	0.08%	0.28%
First Solar IncFSLR	VOT +0.16 points	0.05%	0.21%
Tko Group Holdings IncTKO	VOT +0.09 points	0.03%	0.12%
Rollins IncROL	VOT +0.08 points	0.03%	0.11%

All 152 SPYG holdings⁠All 133 VOT 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 VOT Cost

Overpaying VOT vs SPYG

$211

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

SPYG 0.04%
$849
VOT 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

SPYG 0.04%
VOT 0.05%
Overpaying

Year by year

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

Expense ratio

0.04%SPYG, cheaper
0.05%VOT

SPYG0.04%VOT0.05%

0.03%0.70%

Middle half of US Growth Index funds
Median 0.18%

SPYG 2nd cheapest of 35 funds

VOT 5th cheapest of 35 funds

SPYG vs VOT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPYG 0.50%; VOT 0.62%, better
Payout (12M): SPYG $0.59; VOT $1.78
Last payment: SPYG $0.15; VOT $0.39
Ex-dividend: SPYG Sep 21, 2026; VOT Sep 28, 2026
Paid on: SPYG Sep 23, 2026; VOT Sep 30, 2026
Frequency: SPYG Quarterly; VOT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYGQuarterly · 39 paymentsAll SPYG payments⁠

VOTQuarterly · 39 paymentsAll VOT payments⁠

SPYG vs VOT Risk

Fall from peak · 5 years

SPYG
VOT

Risk facts

VolatilityStd dev, 3 years: SPYG 16.5%, betterVOT 16.7%
Return per unit of riskSharpe ratio, 3 years: SPYG 1.28, betterVOT 0.75
Worst fallMax drawdown, 5 years: SPYG −32.7%, betterVOT −37.2%
Market sensitivityBeta, 5 years: SPYG 1.17VOT 1.16; Market = 1

SPYG and VOT in the news

All news⁠

Best ETFs
The best growth ETF is the cheap one on the index you want
Updated Nov 2, 2026SPYGVOT
Best ETFs
The cheap large-cap growth pick is the S&P 500 list
Updated Oct 2, 2026SPYG

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SPYG vs VOT

In short

Stated mandate

Why people hold it

Worth knowing

How SPYG and VOT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYG

Only in VOT

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best growth ETF is the cheap one on the index you want

The cheap large-cap growth pick is the S&P 500 list

How SPYG and VOT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYG

Only in VOT

Weight gaps