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SPYG vs VTWG

State Street SPDR Portfolio S&P 500 Growth ETF

SPYGANYSE Arca

Vanguard Russell 2000 Growth ETF

VTWGBNasdaq

Overlap

Expense ratio

SPYG −0.02pt a year

SPYG0.04%VTWG0.06%

Avg volume · 30D

SPYG 108.6×the volume

SPYG2.28MVTWG21K

10Y return · a year

SPYG +7.0pt

SPYG+17.5%VTWG+10.5%

SPYG vs VTWG Performance

Oct 29, 2021 – Oct 30, 2026

+73.4%SPYG+18.8%VTWG

Oct 29, 2021 to Oct 30, 2026. SPYG +73.4%. VTWG +18.8%. Use the arrow keys to read each point.−25%0%50%Oct 2021Apr 2024Oct 2026
Expense ratio
SPYG 0.04%, better
VTWG 0.06%
Fund size
SPYG $55.5B
VTWG $1.6B
1Y total return
SPYG +8.3%, better
VTWG +7.1%
Yield (12M)
SPYG 0.50%
VTWG 0.68%, better
Holdings
SPYG 154
VTWG 1138
Avg volume (30D)
SPYG 2.28M sh, better
VTWG 21K sh
NAV per share
SPYG $119.59
VTWG $257.02
52W range

ETF.net Grade

SPYG: Cost 96, Risk 62, Mission 98, Tradability 95, Holdings 38, Durability 79. VTWG: Cost 78, Risk 29, Mission 91, Tradability 27, Holdings 85, Durability 72.
Pillar letters and Scores for SPYG, VTWG, with each pillar’s weight
PillarSPYGVTWG
Cost30% weightA96HigherA78
Mission25% weightA98HigherA91
Risk15% weightB62HigherD29
Tradability15% weightA95HigherD27
Holdings10% weightD38A85Higher
Durability5% weightA79HigherA72

Rank among US Growth Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SPYG and VTWG 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 VTWG 14th of 35 funds in the US Growth Index Category.

  1. Rank 1ASPYGState Street SPDR Portfolio S&P 500 Growth ETFScore 84
  2. Rank 2AILCGiShares Morningstar Growth ETFScore 78
  3. Rank 14BIWFiShares Russell 1000 Growth ETFScore 66
  4. Rank 14BVTWGVanguard Russell 2000 Growth ETFScore 66
  5. Rank 16BIWPiShares Russell Mid-Cap Growth ETFScore 61

Our read on each fund

ETF.net Research

SPYGAState Street SPDR Portfolio S&P 500 Growth ETF

VTWGBVanguard Russell 2000 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.

VTWG Vanguard's Russell 2000 Growth tracker holds the index in full, roughly 1,100 small-cap names, for six basis points. Most of the top-rated growth ETFs crowd into mega-caps. This one stays where the small companies are.

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.

VTWG The fund seeks to track the Russell 2000 Growth Index, which represents small-capitalization U.S. growth stocks. It uses passive full replication.

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.
  • VTWG At 0.06% a year, it costs about a third of the typical fund in its growth-ETF peer group, where the median sits near 0.18%.
  • Full replication, not sampling: roughly 1,100 stocks held at index weights, so the portfolio is the benchmark rather than a proxy for it.vanguard.com
  • Small-cap growth exposure spread across about 1,100 companies, so no single name drives the fund the way it can in mega-cap growth products (VUG, SCHG, SPYG).
  • Running since 2010 as the ETF share class of a Vanguard index fund, with a plain passive mandate and quarterly distributions.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.
  • VTWG Small caps move harder than mega-caps. The prospectus flags stock market, investment style and small-cap risk as the main things that can bite.vanguard.com
  • It trades lightly next to the category's giants, so wider bid-ask spreads are part of the package.
  • Vanguard's own VBK covers similar small-cap growth ground on a different index at 0.05%, so the two overlap with different rulebooks.

Full SPYG profile⁠

Full VTWG profile⁠

SPYG vs VTWG 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 VTWG Cost

Overpaying VTWG vs SPYG

$421

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

  • SPYG 0.04%

    $849

  • VTWG 0.06%

    $1,270

$10,000
30 years

Cost over time

  • SPYG 0.04%
  • VTWG 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530VTWG $1,270SPYG $849

Year by year

YearSPYGVTWGOverpaying
10$73$110$37
20$288$432$144
30$849$1,270$421

Expense ratio

  • 0.04%SPYG, cheaper
  • 0.06%VTWG
  • Middle half of US Growth Index funds
  • Median 0.18%

SPYG 2nd cheapest of 35 funds

VTWG 9th cheapest of 35 funds

SPYG vs VTWG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPYG 0.50%
VTWG 0.68%, better
Payout (12M)
SPYG $0.59
VTWG $1.75
Last payment
SPYG $0.15
VTWG $0.34
Ex-dividend
SPYG Sep 21, 2026
VTWG Sep 23, 2026
Paid on
SPYG Sep 23, 2026
VTWG Sep 25, 2026
Frequency
SPYG Quarterly
VTWG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYGQuarterly · 39 paymentsAll SPYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.10; Jun 16, 2017 $0.11; Sep 15, 2017 $0.12; Dec 15, 2017 $0.14; Mar 19, 2018 $0.10; Jun 18, 2018 $0.12; Sep 24, 2018 $0.14; Dec 24, 2018 $0.14; Mar 18, 2019 $0.12; Jun 24, 2019 $0.15; Sep 23, 2019 $0.14; Dec 23, 2019 $0.16; Mar 23, 2020 $0.14; Jun 22, 2020 $0.12; Sep 21, 2020 $0.10; Dec 21, 2020 $0.13; Mar 22, 2021 $0.11; Jun 21, 2021 $0.11; Sep 20, 2021 $0.11; Dec 20, 2021 $0.12; Mar 21, 2022 $0.11; Jun 21, 2022 $0.13; Sep 19, 2022 $0.13; Dec 19, 2022 $0.14; Mar 20, 2023 $0.18; Jun 20, 2023 $0.19; Sep 18, 2023 $0.18; Dec 18, 2023 $0.20; Mar 18, 2024 $0.11; Jun 24, 2024 $0.12; Sep 23, 2024 $0.13; Dec 23, 2024 $0.17; Mar 24, 2025 $0.12; Jun 23, 2025 $0.14; Sep 22, 2025 $0.14; Dec 22, 2025 $0.16; Mar 23, 2026 $0.13; Jun 22, 2026 $0.15; Sep 21, 2026 $0.15. Use the arrow keys to read each point.$0$0.502017202020232026YTD
VTWGQuarterly · 39 paymentsAll VTWG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.17; Jun 28, 2017 $0.24; Sep 27, 2017 $0.23; Dec 14, 2017 $0.24; Mar 22, 2018 $0.15; Jun 28, 2018 $0.21; Sep 26, 2018 $0.27; Dec 13, 2018 $0.25; Mar 25, 2019 $0.17; Jun 21, 2019 $0.25; Sep 26, 2019 $0.35; Dec 16, 2019 $0.36; Mar 26, 2020 $0.23; Jun 25, 2020 $0.20; Sep 11, 2020 $0.19; Dec 17, 2020 $0.39; Mar 26, 2021 $0.19; Jun 29, 2021 $0.11; Sep 29, 2021 $0.23; Dec 16, 2021 $0.62; Mar 24, 2022 $0.06; Jun 29, 2022 $0.14; Sep 28, 2022 $0.39; Dec 15, 2022 $0.51; Mar 23, 2023 $0.33; Jun 23, 2023 $0.27; Sep 21, 2023 $0.38; Dec 19, 2023 $0.48; Mar 21, 2024 $0.27; Jun 27, 2024 $0.27; Sep 26, 2024 $0.23; Dec 23, 2024 $0.41; Mar 25, 2025 $0.22; Jun 20, 2025 $0.38; Sep 24, 2025 $0.25; Dec 22, 2025 $0.67; Mar 24, 2026 $0.32; Jun 18, 2026 $0.42; Sep 23, 2026 $0.34. Use the arrow keys to read each point.$0$0.502017202020232026YTD

SPYG vs VTWG Risk

Fall from peak · 5 years

  • SPYG
  • VTWG
Oct 29, 2021 to Oct 30, 2026. Worst fall: VTWG −40.5% · Jun 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SPYG 16.5%, betterVTWG 20.7%
Return per unit of riskSharpe ratio, 3 years
SPYG 1.28, betterVTWG 0.78
Worst fallMax drawdown, 5 years
SPYG −32.7%, betterVTWG −40.5%
Market sensitivityBeta, 5 years
SPYG 1.17VTWG 1.43

SPYG and VTWG in the news

All news⁠

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