SPYV vs USSG: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Xtrackers MSCI USA Selection Equity ETF

USSGANYSE Arca

Overlap

38.9%by weight

Expense ratio

SPYV −0.05pt a year

SPYV0.04%USSG0.09%

Avg volume · 30D

SPYV 156.6×the volume

SPYV2.1MUSSG13.4K

5Y return · a year

SPYV +0.1pt

SPYV+11.7%USSG+11.6%

SPYV vs USSG Performance

Oct 29, 2021 – Oct 30, 2026

+74.1%SPYV+73.0%USSG

Expense ratio: SPYV 0.04%, better; USSG 0.09%
Fund size: SPYV $39.2B; USSG $570M
1Y total return: SPYV +16.6%, better; USSG +12.3%
Yield (12M): SPYV 1.65%, better; USSG 0.98%
Holdings: SPYV 437; USSG 252
Avg volume (30D): SPYV 2.1M sh, better; USSG 13.4K sh
NAV per share: SPYV $64.64; USSG $70.43
52W range

ETF.net Grade

Pillar letters and Scores for SPYV, USSG, with each pillar’s weight
Pillar	SPYV	USSG
Cost30% weight	A98Higher	A79
Mission25% weight	A86	A95Higher
Risk15% weight	A82Higher	B55
Tradability15% weight	A97Higher	B65
Holdings10% weight	A71Higher	D37
Durability5% weight	A86Higher	C48

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SPYV and USSG are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SPYV ranks 1st and USSG 9th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 8ADIAState Street SPDR Dow Jones Industrial Average ETF TrustScore 76
Rank 9AUSSGXtrackers MSCI USA Selection Equity ETFScore 71
Rank 10AIVOGVanguard S&P Mid-Cap 400 Growth ETFScore 70

Our read on each fund

ETF.net Research

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

USSGAXtrackers MSCI USA Selection Equity ETF

In short

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

USSG The ESG fund that dropped the label: MSCI renamed the index in 2025, methodology untouched. USSG still owns best-in-sector scorers covering half of each sector's market cap, for nine basis points.

Stated mandate

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

USSG The fund seeks to track the performance of the MSCI USA Selection Index before fees and expenses.

Why people hold it

SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

USSG Nine basis points against a peer-group median of 0.45%, so the sector screen costs little more than a plain index wrapper.
The index picks top ESG scorers within each GICS sector until it covers half that sector's float-adjusted cap, keeping sector weights near the broad US market.msci.com dws.com
Holds the index components in their index weights, and tracking has stayed tight to the benchmark since the 2019 launch.
Built with Finnish pension investor Ilmarinen, which anchored the 2019 debut with roughly $850 million on day one.etf.com

Worth knowing

SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
Distributions land quarterly, not monthly.

USSG Thinly traded next to the giant index funds in its cohort, so spreads and order type matter more at the moment you trade.
Roughly 300 names covering about half of each sector's cap, so results can drift from a total-market fund in either direction.msci.com
The 'Selection' label is new; the ESG rating screen under it is not. The 2025 rename changed the index name, not how it picks stocks.dws.com dws.com 2

Full SPYV profile⁠

Full USSG profile⁠

SPYV vs USSG Holdings

How SPYV and USSG differ

Overlap by weight

38.9%

Shared holdings make up 50.2% of USSG and 42.1% of SPYV.

Level by level

Holdings195 in both38.9%
Sector11 Sectors74.2%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in SPYV and USSG, widest gap first
Sector	More in SPYVMore in USSG	SPYV	USSG
Technology	USSG +16.7 points	20.8%	37.5%
Communication	USSG +9.1 points	2.5%	11.6%
Energy	SPYV +6.0 points	8.2%	2.2%
Financials	SPYV +3.9 points	15.2%	11.3%
Industrials	SPYV +3.7 points	10.8%	7.1%
Consumer Staples	SPYV +3.4 points	9.0%	5.6%
Utilities	SPYV +3.1 points	4.0%	0.9%
Health Care	SPYV +2.2 points	13.3%	11.1%
Consumer Discretionary	SPYV +1.3 points	9.8%	8.5%
Materials	SPYV +1.1 points	3.3%	2.2%
Real Estate	SPYV +1.1 points	3.1%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in SPYV and USSG, widest gap first
Country	More in SPYVMore in USSG	SPYV	USSG
United States	USSG +0.4 points	99.2%	99.6%
Switzerland	SPYV +0.5 points	0.6%	0.1%
Brazil	USSG +0.2 points	0.0%	0.2%
United Kingdom	SPYV +0.1 points	0.1%	0.0%
China	SPYV +0.1 points	0.1%	0.0%
Ireland	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

SPYV24.4%
USSG47.7%

Securities held

SPYV435
USSG251

Asset class

SPYV: Equity
USSG: Equity

Holdings

Only in SPYV240
In both195
Only in USSG56

Only in SPYV

240 securities, 57.8% of SPYV by weight

Apple Inc8.30%
Amazon.com Inc3.66%
Exxonmobil Holdings Corp2.46%
Walmart Inc1.76%
Intel Corp1.49%
Chevron Corp1.49%
UnitedHealth Group Inc1.20%
Bank of America Corp1.08%
JPMorgan Chase & Co0.95%
Texas Instruments Inc0.93%
AbbVie Inc0.90%
Thermo Fisher Scientific Inc0.85%
Wells Fargo & Co0.84%
Linde PLC0.76%
Citigroup Inc0.69%
Cisco Systems Inc0.66%
Qualcomm Inc0.65%
Abbott Laboratories0.59%
Conocophillips0.59%
Nextera Energy Inc0.56%
Pfizer Inc0.56%
Eaton Corp PLC0.50%
Accenture PLC Class A0.49%
Dell Technologies C0.47%
Philip Morris International0.47%
Lockheed Martin Corp0.43%
Altria Group Inc0.42%
Chubb Ltd0.41%
Starbucks Corp0.39%
Medtronic PLC0.39%
Oracle Corp0.38%
Cvs Health Corp0.38%
Mckesson Corp0.37%
Southern Co/The0.35%
Duke Energy Corp0.32%
Emerson Electric Co0.31%
Freeport Mcmoran Inc0.31%
Goldman Sachs Group Inc0.31%
Williams Cos Inc0.30%
Elevance Health Inc0.30%
Blackstone Inc0.29%
Waste Management Inc0.28%
Eog Resources Inc0.28%
Moderna Inc0.27%
Motorola Solutions Inc0.27%
United Parcel Service Class B0.26%
Regeneron Pharmaceuticals0.26%
Mondelez International Inc A0.26%
Slb Ltd0.26%
Norfolk Southern Corp0.25%

Only in USSG

56 securities, 49.5% of USSG by weight

NVIDIA Corp13.78%
Microsoft Corp10.79%
Alphabet Class A4.81%
Alphabet Class C3.81%
Lilly (Eli) & Co3.32%
Advanced Micro Dev2.41%
Applied Materials Inc0.91%
Lam Research Corp0.88%
Caterpillar Inc0.84%
2226792D0.70%
GE Vernova0.68%
Welltower Inc0.48%
Accenture Ltd-Cl A0.46%
Eaton Corp PLC0.42%
Booking Holdings Inc0.34%
Newmont Mining Corp0.33%
Quanta Services Inc0.27%
Anthem Inc0.27%
Johnson Controls International PLC0.26%
Hilton Worldwide Holdings Inc0.24%
Schlumberger Ltd0.24%
Royal Caribbean Cruises Ltd0.23%
MercadoLibre Inc.0.21%
O Reilly Auto0.21%
Cheniere Energy Inc0.20%
Monster Beverage Corp0.19%
NXP Semiconductors NV0.19%
Crh PLC0.18%
Comfort Systems USA Inc0.13%
IDEXX Laboratories Inc0.12%
Carnival Corp0.11%
Expedia Inc0.10%
Atlassian Corp Plc0.09%
Willis Towers Watson PLC0.09%
EMCOR Group Inc0.09%
Twilio0.09%
Ulta Salon Cosmetics & Fragr0.09%
Royalty Pharma PLC0.08%
TechnipFMC Ltd0.08%
Fiserv Inc0.08%
Zscaler Inc0.07%
Smurfit Westrock PLC0.07%
LPL Financial Holdings Inc0.07%
Alnylam Pharmaceuticals0.07%
XPO Logistics Inc0.06%
Incyte0.06%
First Solar Inc0.05%
Ball Corp0.05%
Burlington Stores Inc0.05%
Transunion0.04%

Weight gaps

The 100 widest of 195 Holdings in both funds.

Holding weights in SPYV and USSG, widest gap first
Holding	More in SPYVMore in USSG	SPYV	USSG
Tesla IncTSLA	USSG +1.94 points	1.41%	3.35%
Johnson & JohnsonJNJ	USSG +1.04 points	0.89%	1.93%
Visa Inc Class A SharesV	USSG +0.98 points	1.03%	2.01%
Mastercard Inc AMA	USSG +0.96 points	0.55%	1.51%
Amgen IncAMGN	USSG +0.48 points	0.26%	0.74%
Palo Alto Networks IncPANW	USSG +0.43 points	0.44%	0.87%
General ElectricGE	USSG +0.40 points	0.51%	0.91%
Coca Cola Co/TheKO	USSG +0.39 points	0.68%	1.07%
Morgan StanleyMS	USSG +0.34 points	0.29%	0.63%
Intl Business Machines CorpIBM	USSG +0.33 points	0.38%	0.71%
American Express CoAXP	USSG +0.31 points	0.18%	0.49%
Gilead Sciences IncGILD	USSG +0.31 points	0.31%	0.62%
Seagate Technology HoldingsSTX	USSG +0.23 points	0.19%	0.42%
Tjx Companies IncTJX	USSG +0.23 points	0.23%	0.46%
McDonald’s CorpMCD	USSG +0.21 points	0.33%	0.54%
Progressive CorpPGR	USSG +0.20 points	0.19%	0.39%
Servicenow IncNOW	USSG +0.18 points	0.14%	0.32%
Bank of New York Mellon CorpBNY	USSG +0.17 points	0.12%	0.29%
S+p Global IncSPGI	USSG +0.17 points	0.25%	0.42%
Marvell Technology IncMRVL	USSG +0.16 points	0.33%	0.49%
Cadence Design Sys IncCDNS	USSG +0.15 points	0.11%	0.26%
Intuit IncINTU	USSG +0.14 points	0.13%	0.27%
Cummins IncCMI	USSG +0.12 points	0.08%	0.20%
Costco Wholesale CorpCOST	SPYV +0.12 points	1.44%	1.31%
Delta Air Lines IncDAL	SPYV +0.12 points	0.16%	0.04%
Trane Technologies PLCTT	USSG +0.12 points	0.15%	0.27%
Procter & Gamble Co/ThePG	SPYV +0.12 points	1.22%	1.10%
Home Depot IncHD	SPYV +0.11 points	1.07%	0.96%
United Rentals IncURI	USSG +0.10 points	0.11%	0.21%
Western Digital CorpWDC	SPYV +0.09 points	0.46%	0.37%
Merck & Co. Inc.MRK	SPYV +0.10 points	1.18%	1.08%
Ebay IncEBAY	USSG +0.10 points	0.04%	0.14%
Analog Devices IncADI	SPYV +0.10 points	0.69%	0.59%
Moody’s CorpMCO	USSG +0.09 points	0.12%	0.21%
Autozone IncAZO	USSG +0.09 points	0.06%	0.15%
Autodesk IncADSK	USSG +0.09 points	0.07%	0.16%
Stryker CorpSYK	USSG +0.08 points	0.21%	0.29%
Salesforce IncCRM	SPYV +0.09 points	0.62%	0.53%
Ross Stores IncROST	USSG +0.08 points	0.13%	0.21%
Veeva Systems Inc Class AVEEV	USSG +0.07 points	0.06%	0.13%
Rockwell Automation IncROK	USSG +0.07 points	0.07%	0.14%
Capital One Financial CorpCOF	SPYV +0.07 points	0.42%	0.35%
Edwards Lifesciences CorpEW	USSG +0.06 points	0.10%	0.16%
BlackRock IncBLK	SPYV +0.06 points	0.55%	0.49%
Synopsys IncSNPS	SPYV +0.06 points	0.31%	0.25%
Walt Disney Co/TheDIS	SPYV +0.05 points	0.62%	0.57%
Deere & CoDE	SPYV +0.06 points	0.54%	0.48%
Axon Enterprise IncAXON	USSG +0.06 points	0.04%	0.10%
Union Pacific CorpUNP	SPYV +0.05 points	0.58%	0.53%
Apollo Global Management IncAPO	USSG +0.05 points	0.09%	0.14%
Danaher CorpDHR	SPYV +0.05 points	0.48%	0.43%
Yum Brands IncYUM	USSG +0.05 points	0.07%	0.12%
Cboe Global Markets IncCBOE	USSG +0.05 points	0.05%	0.10%
Ferguson Enterprises IncFERG	USSG +0.05 points	0.08%	0.13%
Carvana CoCVNA	USSG +0.05 points	0.08%	0.13%
Verizon Communications IncVZ	SPYV +0.05 points	0.59%	0.54%
Schwab (Charles) CorpSCHW	SPYV +0.04 points	0.47%	0.43%
Pepsico IncPEP	SPYV +0.04 points	0.59%	0.55%
Workday Inc Class AWDAY	USSG +0.05 points	0.07%	0.12%
Equinix IncEQIX	SPYV +0.04 points	0.33%	0.29%
Prologis IncPLD	SPYV +0.05 points	0.40%	0.35%
Nrg Energy IncNRG	USSG +0.04 points	0.02%	0.06%
Hewlett Packard EnterpriseHPE	SPYV +0.04 points	0.25%	0.21%
Mettler Toledo InternationalMTD	USSG +0.04 points	0.06%	0.10%
Verisk Analytics IncVRSK	USSG +0.03 points	0.04%	0.07%
Lowe’s Cos IncLOW	SPYV +0.04 points	0.38%	0.34%
At+t IncT	SPYV +0.04 points	0.47%	0.43%
Pnc Financial Services GroupPNC	SPYV +0.03 points	0.30%	0.27%
3M CoMMM	SPYV +0.04 points	0.30%	0.26%
Us BancorpUSB	SPYV +0.04 points	0.31%	0.27%
Bristol Myers Squibb CoBMY	SPYV +0.04 points	0.41%	0.37%
Carrier Global CorpCARR	SPYV +0.03 points	0.15%	0.12%
Colgate Palmolive CoCL	SPYV +0.03 points	0.24%	0.21%
Csx CorpCSX	SPYV +0.04 points	0.32%	0.28%
Adobe IncADBE	SPYV +0.03 points	0.32%	0.29%
Keysight Technologies InKEYS	SPYV +0.03 points	0.18%	0.15%
The Cigna GroupCI	SPYV +0.03 points	0.26%	0.23%
Vertex Pharmaceuticals IncVRTX	SPYV +0.03 points	0.45%	0.42%
Nucor CorpNUE	SPYV +0.02 points	0.20%	0.18%
Steris PLCSTE	USSG +0.02 points	0.04%	0.06%
Netapp IncNTAP	SPYV +0.03 points	0.14%	0.11%
Targa Resources CorpTRGP	SPYV +0.03 points	0.22%	0.19%
Automatic Data ProcessingADP	SPYV +0.03 points	0.37%	0.34%
Marsh & Mclennan CosMRSH	SPYV +0.03 points	0.31%	0.28%
American Tower CorpAMT	SPYV +0.02 points	0.28%	0.26%
Fox Corp Class AFOXA	USSG +0.03 points	0.01%	0.04%
Cencora IncCOR	SPYV +0.03 points	0.21%	0.18%
Travelers Cos Inc/TheTRV	SPYV +0.02 points	0.27%	0.25%
Phillips 66PSX	SPYV +0.03 points	0.36%	0.33%
Ww Grainger IncGWW	SPYV +0.02 points	0.19%	0.17%
Ecolab IncECL	SPYV +0.03 points	0.25%	0.22%
Fifth Third BancorpFITB	SPYV +0.02 points	0.16%	0.14%
Fair Isaac CorpFICO	USSG +0.02 points	0.03%	0.05%
State Street CorpSTT	SPYV +0.02 points	0.16%	0.14%
Target CorpTGT	SPYV +0.01 points	0.22%	0.21%
Humana IncHUM	SPYV +0.02 points	0.16%	0.14%
Iqvia Holdings IncIQV	SPYV +0.02 points	0.15%	0.13%
Baker Hughes CoBKR	SPYV +0.02 points	0.18%	0.16%
Truist Financial CorpTFC	SPYV +0.02 points	0.20%	0.18%
SempraSRE	SPYV +0.02 points	0.18%	0.16%

All 435 SPYV holdings⁠All 254 USSG 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.

SPYV vs USSG Cost

Overpaying USSG vs SPYV

$1,049

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

SPYV 0.04%
$849
USSG 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

SPYV 0.04%
USSG 0.09%
Overpaying

Year by year

Year	SPYV	USSG	Overpaying
10	$73	$165	$92
20	$288	$646	$358
30	$849	$1,898	$1,049

Expense ratio

0.04%SPYV, cheaper
0.09%USSG

SPYV0.04%USSG0.09%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

USSG 7th cheapest of 42 funds

SPYV vs USSG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPYV 1.65%, better; USSG 0.98%
Payout (12M): SPYV $1.06; USSG $0.69
Last payment: SPYV $0.27; USSG $0.16
Ex-dividend: SPYV Sep 21, 2026; USSG Sep 18, 2026
Paid on: SPYV Sep 23, 2026; USSG Sep 25, 2026
Frequency: SPYV Quarterly; USSG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

USSGQuarterly · 30 paymentsAll USSG payments⁠

SPYV vs USSG Risk

Fall from peak · 5 years

SPYV
USSG

Risk facts

VolatilityStd dev, 3 years: SPYV 11.7%, betterUSSG 13.6%
Return per unit of riskSharpe ratio, 3 years: SPYV 1.17USSG 1.30, better
Worst fallMax drawdown, 5 years: SPYV −17.9%, betterUSSG −27.0%
Market sensitivityBeta, 5 years: SPYV 0.83USSG 1.04; Market = 1

SPYV and USSG in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026SPYV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026SPYV

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SPYV vs USSG

In short

Stated mandate

Why people hold it

Worth knowing

How SPYV and USSG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYV

Only in USSG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

The best value ETF depends on whose list you bought

How SPYV and USSG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYV

Only in USSG

Weight gaps