SPYV vs VOTE: Grades, Fees and Holdings Compared

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

TCW Transform 500 ETF

VOTEANasdaq

Overlap

56.4%by weight

Expense ratio

SPYV −0.01pt a year

SPYV0.04%VOTE0.05%

Avg volume · 30D

SPYV 90.0×the volume

SPYV2.1MVOTE23.4K

5Y return · a year

SPYV+11.7%VOTE+11.7%

SPYV vs VOTE Performance

Oct 29, 2021 – Oct 30, 2026

+74.1%SPYV+74.0%VOTE

Expense ratio: SPYV 0.04%, better; VOTE 0.05%
Fund size: SPYV $39.2B; VOTE $1.11B
1Y total return: SPYV +16.6%, better; VOTE +11.8%
Yield (12M): SPYV 1.65%, better; VOTE 0.94%
Holdings: SPYV 437; VOTE 506
Avg volume (30D): SPYV 2.1M sh, better; VOTE 23.4K sh
NAV per share: SPYV $64.64; VOTE $89.00
52W range

ETF.net Grade

Pillar letters and Scores for SPYV, VOTE, with each pillar’s weight
Pillar	SPYV	VOTE
Cost30% weight	A98Higher	A91
Mission25% weight	A86	A100Higher
Risk15% weight	A82Higher	B63
Tradability15% weight	A97Higher	B66
Holdings10% weight	A71Higher	C49
Durability5% weight	A86Higher	B56

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. SPYV and VOTE 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 VOTE 4th 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 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 4AVOTETCW Transform 500 ETFScore 79
Rank 6AVXFVanguard Extended Market ETFScore 78

Our read on each fund

ETF.net Research

SPYVAState Street SPDR Portfolio S&P 500 Value ETF

VOTEATCW Transform 500 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.

VOTE An index fund with a second job. VOTE holds roughly 500 of the largest US companies at a 0.05% fee, then uses its proxy ballots and meetings with management to push for change instead of screening companies out.

Stated mandate

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

VOTE The fund seeks to track a market-cap-weighted index of the 500 largest U.S. public companies. It is designed as low-cost core U.S. market exposure, with proxy voting and company engagement intended to encourage transformational change.

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

VOTE 0.05% a year for core large-cap US exposure, a fraction of what the typical fund in its index-tracking peer group charges.
No ESG exclusions. You own the big-company lineup like any core index fund, and the activism happens through voting and dialogue with management, not by dropping names.tcw.com
Launched in 2021 and run by TCW, with a dedicated active-ownership team behind the proxy voting and engagement program.tcw.com
Among the strongest implementations in its cohort of plain index wrappers: the portfolio delivers the exposure printed on the label.

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.

VOTE Thinly traded next to the household-name large-cap funds, so spreads can widen. Patient limit orders matter more here.
It tracks its own index of the 500 largest US companies, not the S&P 500, so names and weights won't line up with S&P-based funds one for one.
The difference is stewardship, not the holdings. Engagement results depend on how other shareholders vote, and the portfolio itself looks like standard large-cap core.tcw.com

Full SPYV profile⁠

Full VOTE profile⁠

SPYV vs VOTE Holdings

How SPYV and VOTE differ

Overlap by weight

56.4%

Shared holdings make up 93.0% of SPYV and 58.3% of VOTE.

Level by level

Holdings356 in both56.4%
Sector11 Sectors75.2%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in SPYV and VOTE, widest gap first
Sector	More in SPYVMore in VOTE	SPYV	VOTE
Technology	VOTE +18.2 points	20.8%	39.0%
Communication	VOTE +6.6 points	2.5%	9.1%
Consumer Staples	SPYV +4.3 points	9.0%	4.7%
Energy	SPYV +4.3 points	8.2%	3.9%
Industrials	SPYV +3.5 points	10.8%	7.3%
Health Care	SPYV +3.4 points	13.3%	9.9%
Financials	SPYV +3.4 points	15.2%	11.8%
Utilities	SPYV +2.1 points	4.0%	1.9%
Real Estate	SPYV +1.5 points	3.1%	1.6%
Materials	SPYV +1.3 points	3.3%	2.0%
Consumer Discretionary	SPYV +0.9 points	9.8%	8.9%

Country, concentration and asset class

Country by domicile

Country weights in SPYV and VOTE, widest gap first
Country	More in SPYVMore in VOTE	SPYV	VOTE
United States	VOTE +0.2 points	99.2%	99.3%
Switzerland	SPYV +0.3 points	0.6%	0.3%
Brazil	VOTE +0.1 points	0.0%	0.1%
China	Same weight	0.1%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Ireland	SPYV +0.1 points	0.1%	0.0%
Mexico	VOTE +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

SPYV24.4%
VOTE36.8%

Securities held

SPYV435
VOTE505

Asset class

SPYV: Equity
VOTE: Equity

Holdings

Only in SPYV79
In both356
Only in VOTE149

Only in SPYV

79 securities, 6.9% of SPYV by weight

Linde PLC0.76%
Eaton Corp PLC0.50%
Accenture PLC Class A0.49%
Chubb Ltd0.41%
Medtronic PLC0.39%
Elevance Health Inc0.30%
Slb Ltd0.26%
Nxp Semiconductors NV0.22%
Crh PLC0.20%
Becton Dickinson and Co0.18%
Honeywell Aerospace Inc0.17%
Vivmark Residential0.14%
Block Inc0.14%
Johnson Controls Internation0.11%
Willis Towers Watson PLC0.10%
Fiserv Inc0.08%
Smurfit Westrock PLC0.07%
Viatris Inc0.07%
Skyworks Solutions Inc0.07%
Revvity Inc0.06%
Alliant Energy Corp0.06%
Apa Corp0.06%
Charles River Laboratories0.06%
Zebra Technologies Corp Class A0.06%
Host Hotels & Resorts Inc0.06%
Nordson Corp0.06%
Ball Corp0.06%
Lyondellbasell Indu Class A0.05%
Hasbro Inc0.05%
Kimco Realty Corp0.05%
Cboe Global Markets Inc0.05%
Stanley Black & Decker Inc0.05%
Assurant Inc0.05%
Everest Group Ltd0.05%
Gartner Inc0.05%
Avery Dennison Corp0.04%
Jm Smucker Co/The0.04%
Godaddy Inc Class A0.04%
Fedex Freight Holding Co0.04%
Healthpeak Properties Inc0.04%
Pinnacle West Capital0.04%
Invesco Ltd0.04%
Regency Centers Corp0.04%
Huntington Ingalls Industrie0.04%
Globe Life Inc0.04%
Solventum Corp0.04%
Baxter International Inc0.04%
Generac Holdings Inc0.04%
Mccormick & Co Non Vtg Shrs0.04%
Cooper Cos Inc/The0.04%

Only in VOTE

149 securities, 41.7% of VOTE by weight

NVIDIA Corp7.44%
Microsoft Corp5.89%
Alphabet Inc-Cl A2.49%
Broadcom Inc2.41%
Meta Platforms Inc-Class A2.06%
Alphabet Inc-Cl C2.01%
Eli Lilly & Co1.64%
Micron Technology Inc1.58%
Berkshire Hathaway Inc-Cl B1.49%
Advanced Micro Devices1.38%
Palantir Technologies Inc-A0.65%
Applied Materials Inc0.50%
Lam Research Corp0.48%
Caterpillar Inc0.45%
Rtx Corp0.40%
Netflix Inc0.39%
Crowdstrike Holdings Inc - A0.39%
Ge Vernova Inc0.35%
Linde PLC0.35%
Kla Corp0.33%
Amphenol Corp-Cl A0.30%
Sandisk Corp0.29%
Arista Networks Inc0.28%
Welltower Inc0.25%
Intuitive Surgical Inc0.24%
Eaton Corp PLC0.23%
Accenture Plc-Cl A0.23%
Uber Technologies Inc0.19%
Chubb Ltd0.19%
Medtronic PLC0.19%
Newmont Corp0.18%
Booking Holdings Inc0.17%
Snowflake Inc0.17%
Cloudflare Inc - Class A0.15%
Johnson Controls Internation0.14%
Quanta Services Inc0.14%
Vertiv Holdings Co-A0.14%
Elevance Health Inc0.13%
Datadog Inc - Class A0.13%
Marriott International -Cl A0.13%
Howmet Aerospace Inc0.12%
Lumentum Holdings Inc0.12%
Slb Ltd0.12%
Hilton Worldwide Hldgs0.12%
Mercadolibre Inc0.12%
Royal Caribbean Cruises Ltd0.12%
O'reilly Automotive Inc0.11%
Robinhood Markets Inc - A0.11%
Hca Healthcare Inc0.10%
Applovin Corp-Class A0.10%

Weight gaps

The 100 widest of 356 Holdings in both funds.

Holding weights in SPYV and VOTE, widest gap first
Holding	More in SPYVMore in VOTE	SPYV	VOTE
Exxonmobil Holdings CorpXOM	SPYV +1.33 points	2.46%	1.13%
Walmart IncWMT	SPYV +0.97 points	1.76%	0.79%
Intel CorpINTC	SPYV +0.85 points	1.49%	0.64%
Chevron CorpCVX	SPYV +0.84 points	1.49%	0.65%
Costco Wholesale CorpCOST	SPYV +0.78 points	1.44%	0.66%
Apple IncAAPL	SPYV +0.69 points	8.30%	7.61%
Procter & Gamble Co/ThePG	SPYV +0.66 points	1.22%	0.56%
UnitedHealth Group IncUNH	SPYV +0.65 points	1.20%	0.55%
Merck & Co. Inc.MRK	SPYV +0.64 points	1.18%	0.54%
Bank of America CorpBAC	SPYV +0.58 points	1.08%	0.50%
Home Depot IncHD	SPYV +0.58 points	1.07%	0.49%
Texas Instruments IncTXN	SPYV +0.50 points	0.93%	0.43%
Thermo Fisher Scientific IncTMO	SPYV +0.46 points	0.85%	0.39%
Wells Fargo & CoWFC	SPYV +0.46 points	0.84%	0.38%
JPMorgan Chase & CoJPM	VOTE +0.41 points	0.95%	1.36%
Citigroup IncC	SPYV +0.37 points	0.69%	0.32%
Analog Devices IncADI	SPYV +0.37 points	0.69%	0.32%
Qualcomm IncQCOM	SPYV +0.36 points	0.65%	0.29%
Salesforce IncCRM	SPYV +0.34 points	0.62%	0.28%
Walt Disney Co/TheDIS	SPYV +0.33 points	0.62%	0.29%
Pepsico IncPEP	SPYV +0.32 points	0.59%	0.27%
Verizon Communications IncVZ	SPYV +0.32 points	0.59%	0.27%
Abbott LaboratoriesABT	SPYV +0.32 points	0.59%	0.27%
ConocophillipsCOP	SPYV +0.32 points	0.59%	0.27%
Union Pacific CorpUNP	SPYV +0.31 points	0.58%	0.27%
BlackRock IncBLK	SPYV +0.31 points	0.55%	0.24%
Nextera Energy IncNEE	SPYV +0.30 points	0.56%	0.26%
Pfizer IncPFE	SPYV +0.30 points	0.56%	0.26%
Tesla IncTSLA	VOTE +0.29 points	1.41%	1.70%
Deere & CoDE	SPYV +0.30 points	0.54%	0.24%
Dell Technologies CDELL	SPYV +0.27 points	0.47%	0.20%
Schwab (Charles) CorpSCHW	SPYV +0.25 points	0.47%	0.22%
Danaher CorpDHR	SPYV +0.25 points	0.48%	0.23%
At+t IncT	SPYV +0.26 points	0.47%	0.21%
Western Digital CorpWDC	SPYV +0.25 points	0.46%	0.21%
Vertex Pharmaceuticals IncVRTX	SPYV +0.25 points	0.45%	0.20%
Lockheed Martin CorpLMT	SPYV +0.24 points	0.43%	0.19%
Capital One Financial CorpCOF	SPYV +0.23 points	0.42%	0.19%
Altria Group IncMO	SPYV +0.23 points	0.42%	0.19%
Bristol Myers Squibb CoBMY	SPYV +0.22 points	0.41%	0.19%
Marathon Petroleum CorpMPC	SPYV +0.22 points	0.40%	0.18%
Prologis IncPLD	SPYV +0.22 points	0.40%	0.18%
Starbucks CorpSBUX	SPYV +0.21 points	0.39%	0.18%
Mastercard Inc AMA	VOTE +0.21 points	0.55%	0.76%
Lowe’s Cos IncLOW	SPYV +0.21 points	0.38%	0.17%
Cvs Health CorpCVS	SPYV +0.21 points	0.38%	0.17%
Mckesson CorpMCK	SPYV +0.20 points	0.37%	0.17%
Automatic Data ProcessingADP	SPYV +0.20 points	0.37%	0.17%
Valero Energy CorpVLO	SPYV +0.19 points	0.36%	0.17%
Phillips 66PSX	SPYV +0.20 points	0.36%	0.16%
Southern Co/TheSO	SPYV +0.19 points	0.35%	0.16%
Equinix IncEQIX	SPYV +0.18 points	0.33%	0.15%
Adobe IncADBE	SPYV +0.17 points	0.32%	0.15%
Duke Energy CorpDUK	SPYV +0.17 points	0.32%	0.15%
Csx CorpCSX	SPYV +0.18 points	0.32%	0.14%
Emerson Electric CoEMR	SPYV +0.17 points	0.31%	0.14%
Freeport Mcmoran IncFCX	SPYV +0.17 points	0.31%	0.14%
Us BancorpUSB	SPYV +0.17 points	0.31%	0.14%
Marsh & Mclennan CosMRSH	SPYV +0.17 points	0.31%	0.14%
Synopsys IncSNPS	SPYV +0.17 points	0.31%	0.14%
Pnc Financial Services GroupPNC	SPYV +0.16 points	0.30%	0.14%
Williams Cos IncWMB	SPYV +0.16 points	0.30%	0.14%
Intercontinental Exchange InICE	SPYV +0.16 points	0.30%	0.14%
3M CoMMM	SPYV +0.16 points	0.30%	0.14%
Blackstone IncBX	SPYV +0.16 points	0.29%	0.13%
American Tower CorpAMT	SPYV +0.15 points	0.28%	0.13%
Waste Management IncWM	SPYV +0.15 points	0.28%	0.13%
Moderna IncMRNA	SPYV +0.15 points	0.27%	0.12%
Eog Resources IncEOG	SPYV +0.15 points	0.28%	0.13%
Travelers Cos Inc/TheTRV	SPYV +0.15 points	0.27%	0.12%
Motorola Solutions IncMSI	SPYV +0.15 points	0.27%	0.12%
The Cigna GroupCI	SPYV +0.15 points	0.26%	0.11%
United Parcel Service Class BUPS	SPYV +0.14 points	0.26%	0.12%
Regeneron PharmaceuticalsREGN	SPYV +0.14 points	0.26%	0.12%
Mondelez International Inc AMDLZ	SPYV +0.14 points	0.26%	0.12%
Comcast Corp Class ACMCSA	SPYV +0.14 points	0.26%	0.12%
Hewlett Packard EnterpriseHPE	SPYV +0.13 points	0.25%	0.12%
Coca Cola Co/TheKO	SPYV +0.14 points	0.68%	0.54%
AbbVie IncABBV	SPYV +0.13 points	0.90%	0.77%
Norfolk Southern CorpNSC	SPYV +0.13 points	0.25%	0.12%
Ecolab IncECL	SPYV +0.14 points	0.25%	0.11%
Sherwin Williams Co/TheSHW	SPYV +0.14 points	0.25%	0.11%
General Motors CoGM	SPYV +0.13 points	0.24%	0.11%
Cintas CorpCTAS	SPYV +0.13 points	0.24%	0.11%
Colgate Palmolive CoCL	SPYV +0.13 points	0.24%	0.11%
Northrop Grumman CorpNOC	SPYV +0.12 points	0.24%	0.12%
T Mobile Us IncTMUS	SPYV +0.12 points	0.23%	0.11%
American Electric PowerAEP	SPYV +0.12 points	0.23%	0.11%
Honeywell International IncHON	SPYV +0.12 points	0.23%	0.11%
Air Products & Chemicals IncAPD	SPYV +0.13 points	0.23%	0.10%
Arthur J Gallagher & CoAJG	SPYV +0.12 points	0.22%	0.10%
Target CorpTGT	SPYV +0.12 points	0.22%	0.10%
Aon PLC Class AAON	SPYV +0.12 points	0.22%	0.10%
Fedex CorpFDX	SPYV +0.12 points	0.22%	0.10%
Illinois Tool WorksITW	SPYV +0.12 points	0.24%	0.12%
Targa Resources CorpTRGP	SPYV +0.12 points	0.22%	0.10%
Kinder Morgan IncKMI	SPYV +0.12 points	0.22%	0.10%
Allstate CorpALL	SPYV +0.11 points	0.21%	0.10%
Amgen IncAMGN	VOTE +0.11 points	0.26%	0.37%
Cencora IncCOR	SPYV +0.12 points	0.21%	0.09%

All 435 SPYV holdings⁠All 506 VOTE 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 VOTE Cost

Overpaying VOTE vs SPYV

$211

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

SPYV 0.04%
$849
VOTE 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

SPYV 0.04%
VOTE 0.05%
Overpaying

Year by year

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

Expense ratio

0.04%SPYV, cheaper
0.05%VOTE

SPYV0.04%VOTE0.05%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SPYV 2nd cheapest of 42 funds

VOTE 4th cheapest of 42 funds

SPYV vs VOTE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SPYV 1.65%, better; VOTE 0.94%
Payout (12M): SPYV $1.06; VOTE $0.83
Last payment: SPYV $0.27; VOTE $0.23
Ex-dividend: SPYV Sep 21, 2026; VOTE Sep 22, 2026
Paid on: SPYV Sep 23, 2026; VOTE Sep 24, 2026
Frequency: SPYV Quarterly; VOTE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SPYVQuarterly · 39 paymentsAll SPYV payments⁠

VOTEQuarterly · 21 paymentsAll VOTE payments⁠

SPYV vs VOTE Risk

Fall from peak · 5 years

SPYV
VOTE

Risk facts

VolatilityStd dev, 3 years: SPYV 11.7%, betterVOTE 12.7%
Return per unit of riskSharpe ratio, 3 years: SPYV 1.17VOTE 1.40, better
Worst fallMax drawdown, 5 years: SPYV −17.9%, betterVOTE −25.7%
Market sensitivityBeta, 5 years: SPYV 0.83VOTE 1.02; Market = 1

SPYV and VOTE 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 VOTE

In short

Stated mandate

Why people hold it

Worth knowing

How SPYV and VOTE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYV

Only in VOTE

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 VOTE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SPYV

Only in VOTE

Weight gaps