SSPY vs VOO: Grades, Fees and Holdings Compared

Stratified LargeCap Index ETF

SSPYCNYSE Arca

Vanguard S&P 500 ETF

VOOANYSE Arca

Overlap

42.1%by weight

Expense ratio

VOO −0.42pt a year

SSPY0.45%VOO0.03%

Avg volume · 30D

VOO 4443.8×the volume

SSPY1.57KVOO6.99M

5Y return · a year

VOO +2.1pt

SSPY+9.9%VOO+12.0%

SSPY vs VOO Performance

Oct 29, 2021 – Oct 30, 2026

+60.2%SSPY+76.5%VOO

Expense ratio: SSPY 0.45%; VOO 0.03%, better
Fund size: SSPY $133M; VOO $1.7T
1Y total return: SSPY +19.1%, better; VOO +12.1%
Yield (12M): SSPY 1.19%, better; VOO 1.07%
Holdings: SSPY 504; VOO 507
Avg volume (30D): SSPY 1.57K sh; VOO 6.99M sh, better
NAV per share: SSPY $101.77; VOO $694.53
52W range

ETF.net Grade

Pillar letters and Scores for SSPY, VOO, with each pillar’s weight
Pillar	SSPY	VOO
Cost30% weight	F1	A84Higher
Mission25% weight	A74	A100Higher
Risk15% weight	B69Higher	C51
Tradability15% weight	F24	C53Higher
Holdings10% weight	A87Higher	D39
Durability5% weight	C40	A93Higher

Rank among S&P 500 funds

How we build Categories ›

Same Category. SSPY and VOO are both graded against the same 14 S&P 500 funds, so their Grades compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

VOO ranks 3rd and SSPY 13th 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
Rank 3AVOOVanguard S&P 500 ETFScore 74
Rank 4AUSPXFranklin U.S. Equity Index ETFScore 72
Rank 12CDLCUDimensional US Large Company ETFScore 50
Rank 13CSSPYStratified LargeCap Index ETFScore 43
Rank 14CEGLEGlobal X S&P 500 U.S. Revenue Leaders ETFScore 40

Our read on each fund

ETF.net Research

SSPYCStratified LargeCap Index ETF

VOOAVanguard S&P 500 ETF

In short

SSPY The contrarian on the S&P 500 shelf. SSPY tracks Syntax's Stratified LargeCap Index instead of the standard cap-weighted benchmark its rivals follow, and has been running that alternative rulebook since the end of 2014.

VOO Not a standalone ETF but a share class of Vanguard's flagship 500 Index Fund: the same roughly 500 large US companies, 0.03% a year, in a wrapper you can trade all day.

Stated mandate

SSPY The Fund seeks to track, before expenses, the total return of companies included in the Syntax Stratified LargeCap Index.

VOO The fund invests in stocks represented by the S&P 500 Index and seeks to closely track that index's return as a measure of overall U.S. stock performance.

Why people hold it

SSPY Same US large-cap universe as the shelf giants (VOO, IVV, SPY), different rulebook: it follows the Syntax Stratified LargeCap Index rather than the plain cap-weighted benchmark.
Plain-vanilla plumbing: a diversified US equity portfolio in a standard 1940 Act ETF wrapper, with no structural quirks flagged in our review.
Launched at the end of 2014, so the strategy carries a decade-plus live record instead of a backtest.

VOO 0.03% a year against a 0.15% median for S&P 500 trackers. On a fund this size, that fee gap is the whole product.
Holds the index outright, all roughly 500 names, and its tracking record sits among the tightest in the S&P 500 group.vanguard.com
One of the most actively traded ETFs in the market, which tends to keep the cost of getting in and out small.
It is the ETF share class of Vanguard's 500 Index Fund, and Vanguard is owned by its own funds, so no outside parent takes a cut.vanguard.com sec.gov

Worth knowing

SSPY The differentiation costs money: 0.45% a year, versus a 0.15% median for this peer group and 0.02% to 0.09% at the largest S&P 500 trackers.
Thinly traded and small next to the giants on this shelf, which typically shows up as wider bid-ask spreads at the moment you trade.
Income arrives on an annual or semiannual schedule, not quarterly.

VOO Large US companies only, weighted by size, so the biggest few names carry the most weight and drive much of the move.spglobal.com
Membership is not purely mechanical: an S&P index committee decides which companies come in and go out.spglobal.com
SPYM tracks the same index for 0.02%. A rounding error for most, but real if cost is your only tiebreaker.

Full SSPY profile⁠

Full VOO profile⁠

SSPY vs VOO Holdings

How SSPY and VOO differ

Overlap by weight

42.1%

Shared holdings make up 99.9% of VOO and 98.8% of SSPY.

Level by level

Holdings501 in both42.1%
Countryby domicile99.0%
Asset classEquity100%

Sector

No Sector split for SSPY.

Country, concentration and asset class

Country by domicile

Country weights in SSPY and VOO, widest gap first
Country	More in SSPYMore in VOO	SSPY	VOO
United States	VOO +1.0 points	99.0%	100.0%
Other countries (5)	SSPY +1.0 points	1.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SSPY9.2%
VOO39.1%

Securities held

SSPY503
VOO506

Asset class

SSPY: Equity
VOO: Equity

Holdings

Only in SSPY2
In both501
Only in VOO5

Only in SSPY

2 securities, 0.4% of SSPY by weight

Twilio Inc-A0.26%
Vylor Inc0.09%

Only in VOO

5 securities, 0.2% of VOO by weight

Warner Bros Discovery Inc0.12%
Corteva Inc0.08%
SLBBH1142<0.01%
Hologic Inc - Cvr (April 2026)0.00%
Abiomed Inc-Cvr0.00%

Weight gaps

The 100 widest of 501 Holdings in both funds.

Holding weights in SSPY and VOO, widest gap first
Holding	More in SSPYMore in VOO	SSPY	VOO
NVIDIA CorpNVDA	VOO +8.29 points	0.11%	8.40%
Apple IncAAPL	VOO +6.86 points	0.53%	7.39%
Microsoft CorpMSFT	VOO +4.71 points	1.08%	5.79%
Amazon.com IncAMZN	VOO +3.51 points	0.21%	3.72%
Alphabet Inc-Cl AGOOGL	VOO +2.88 points	0.19%	3.07%
Alphabet Inc CGOOG	VOO +2.27 points	0.19%	2.46%
Broadcom IncAVGO	VOO +2.22 points	0.32%	2.54%
Meta Platforms Inc-Class AMETA	VOO +2.00 points	0.43%	2.43%
Micron Technology IncMU	VOO +1.73 points	0.10%	1.83%
Advanced Micro DevicesAMD	VOO +1.40 points	0.12%	1.52%
Jp Morgan Chase & CoJPM	VOO +1.22 points	0.12%	1.34%
Tesla IncTSLA	VOO +1.10 points	0.42%	1.52%
Eli Lilly & CoLLY	VOO +1.08 points	0.33%	1.41%
Synchrony FinancialSYF	SSPY +0.98 points	1.02%	0.04%
Berkshire Hathaway BBRK.B	VOO +0.87 points	0.54%	1.41%
Visa Inc-Class A SharesV	VOO +0.86 points	0.05%	0.91%
Capital One Financial CorpCOF	SSPY +0.83 points	1.01%	0.18%
Intel CorpINTC	VOO +0.81 points	0.10%	0.91%
Kroger CoKR	SSPY +0.80 points	0.85%	0.05%
Intl Business Machines CorpIBM	SSPY +0.76 points	1.07%	0.31%
Sysco CorpSYY	SSPY +0.69 points	0.75%	0.06%
Johnson & JohnsonJNJ	VOO +0.69 points	0.28%	0.97%
Ross Stores IncROST	SSPY +0.65 points	0.76%	0.11%
Mastercard Inc AMA	VOO +0.63 points	0.05%	0.68%
Tjx Companies IncTJX	SSPY +0.63 points	0.85%	0.22%
Yum! Brands IncYUM	SSPY +0.49 points	0.55%	0.06%
Palantir Technologies Inc-APLTR	VOO +0.49 points	0.16%	0.65%
Darden Restaurants IncDRI	SSPY +0.50 points	0.53%	0.03%
Universal Health Services BUHS	SSPY +0.50 points	0.51%	0.01%
Domino's Pizza IncDPZ	SSPY +0.48 points	0.50%	0.02%
Loews CorpL	SSPY +0.48 points	0.51%	0.03%
Cisco Systems IncCSCO	VOO +0.48 points	0.16%	0.64%
Lam Research CorpLRCX	VOO +0.48 points	0.14%	0.62%
Hca Healthcare IncHCA	SSPY +0.46 points	0.56%	0.10%
Caterpillar IncCAT	VOO +0.47 points	0.10%	0.57%
Kinder Morgan IncKMI	SSPY +0.46 points	0.55%	0.09%
Applied Materials IncAMAT	VOO +0.46 points	0.16%	0.62%
Exxonmobil Holdings CorpXOM	VOO +0.46 points	0.56%	1.02%
Targa Resources CorpTRGP	SSPY +0.45 points	0.54%	0.09%
Church & Dwight Co IncCHD	SSPY +0.46 points	0.49%	0.03%
Estee Lauder Cos. AEL	SSPY +0.45 points	0.48%	0.03%
Bank of America CorpBAC	VOO +0.44 points	0.10%	0.54%
Kimberly-Clark CorpKMB	SSPY +0.43 points	0.48%	0.05%
Kenvue Inc.KVUE	SSPY +0.43 points	0.48%	0.05%
Clorox CoCLX	SSPY +0.43 points	0.44%	0.01%
Motorola Solutions IncMSI	SSPY +0.42 points	0.53%	0.11%
Oneok IncOKE	SSPY +0.42 points	0.50%	0.08%
AbbVie IncABBV	VOO +0.40 points	0.30%	0.70%
Brown-Forman Corp-Class BBF.B	SSPY +0.39 points	0.40%	<0.01%
The Williams Companies IncWMB	SSPY +0.38 points	0.51%	0.13%
Tyson Foods Inc ATSN	SSPY +0.38 points	0.40%	0.02%
Constellation Brands Inc-ASTZ	SSPY +0.37 points	0.40%	0.03%
Palo Alto Networks Inc.PANW	VOO +0.37 points	0.12%	0.49%
Starbucks CorpSBUX	SSPY +0.38 points	0.54%	0.16%
Hormel Foods CorpHRL	SSPY +0.37 points	0.38%	<0.01%
J.m. Smucker CoSJM	SSPY +0.37 points	0.39%	0.02%
Chipotle Mexican Grill IncCMG	SSPY +0.38 points	0.44%	0.06%
General ElectricGE	VOO +0.37 points	0.12%	0.49%
Centene CorpCNC	SSPY +0.37 points	0.42%	0.05%
Colgate-Palmolive CoCL	SSPY +0.36 points	0.46%	0.10%
Charter Communications Inc ACHTR	SSPY +0.36 points	0.38%	0.02%
Aptiv PLCAPTV	SSPY +0.36 points	0.37%	0.01%
Humana IncHUM	SSPY +0.34 points	0.41%	0.07%
The Kraft Heinz CompanyKHC	SSPY +0.34 points	0.37%	0.03%
Ralph Lauren Corp ARL	SSPY +0.34 points	0.36%	0.02%
Reddit, Inc.RDDT	SSPY +0.34 points	0.37%	0.03%
Nisource IncNI	SSPY +0.33 points	0.36%	0.03%
Comcast Corp ACMCSA	SSPY +0.33 points	0.45%	0.12%
Mccormick & CoMKC	SSPY +0.32 points	0.34%	0.02%
General Mills IncGIS	SSPY +0.32 points	0.35%	0.03%
Lululemon Athletica IncLULU	SSPY +0.32 points	0.34%	0.02%
Omnicom GroupOMC	SSPY +0.31 points	0.34%	0.03%
Atmos Energy CorpATO	SSPY +0.31 points	0.35%	0.04%
Hasbro IncHAS	SSPY +0.31 points	0.33%	0.02%
American Water Works Co IncAWK	SSPY +0.31 points	0.35%	0.04%
Moderna IncMRNA	SSPY +0.31 points	0.42%	0.11%
Halliburton CoHAL	SSPY +0.30 points	0.34%	0.04%
Rtx CorpRTX	VOO +0.30 points	0.08%	0.38%
Skydance Corp-BSKYD	SSPY +0.29 points	0.30%	<0.01%
Deckers OutdoorDECK	SSPY +0.29 points	0.31%	0.02%
Aes CorpAES	SSPY +0.29 points	0.31%	0.02%
Sandisk Corp.SNDK	VOO +0.29 points	0.10%	0.39%
Crowdstrike Holdings Inc - ACRWD	VOO +0.28 points	0.13%	0.41%
Elevance Health, Inc.ELV	SSPY +0.29 points	0.41%	0.12%
Accenture PLC AACN	SSPY +0.28 points	0.45%	0.17%
Linde PLCLIN	VOO +0.28 points	0.05%	0.33%
Viatris IncVTRS	SSPY +0.28 points	0.31%	0.03%
General Motors CompanyGM	SSPY +0.28 points	0.38%	0.10%
Masco CorpMAS	SSPY +0.27 points	0.29%	0.02%
Archer-Daniels-Midland CoADM	SSPY +0.27 points	0.33%	0.06%
Stanley Black & DeckerSWK	SSPY +0.27 points	0.29%	0.02%
Godaddy Inc AGDDY	SSPY +0.27 points	0.29%	0.02%
Merck & Co. Inc.MRK	VOO +0.27 points	0.27%	0.54%
Bunge Global SABG	SSPY +0.27 points	0.30%	0.03%
Smith (A.o.) CorpAOS	SSPY +0.27 points	0.28%	<0.01%
Ge Vernova IncGEV	VOO +0.26 points	0.12%	0.38%
Oracle CorpORCL	VOO +0.27 points	0.09%	0.36%
Tapestry, IncTPR	SSPY +0.27 points	0.30%	0.03%
Mcdonald's CorpMCD	SSPY +0.26 points	0.51%	0.25%
Ulta Beauty, IncULTA	SSPY +0.26 points	0.30%	0.04%

All 503 SSPY holdings⁠All 505 VOO 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.

SSPY vs VOO Cost

Overpaying SSPY vs VOO

$8,403

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

SSPY 0.45%
$9,041
VOO 0.03%
$638

Amount$10,000

Years30 years

Cost over time

SSPY 0.45%
VOO 0.03%
Overpaying

Year by year

Year	SSPY	VOO	Overpaying
10	$812	$55	$757
20	$3,128	$216	$2,912
30	$9,041	$638	$8,403

Expense ratio

0.45%SSPY
0.03%VOO, cheaper

VOO0.03%SSPY0.45%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

VOO 2nd cheapest of 14 funds

SSPY 14th cheapest of 14 funds

SSPY vs VOO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SSPY 1.19%, better; VOO 1.07%
Payout (12M): SSPY $1.20; VOO $7.43
Last payment: SSPY $1.20; VOO $1.82
Ex-dividend: SSPY Dec 30, 2025; VOO Sep 28, 2026
Paid on: SSPY Dec 31, 2025; VOO Sep 30, 2026
Frequency: SSPY Annual; VOO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SSPYAnnual · 8 paymentsAll SSPY payments⁠

VOOQuarterly · 39 paymentsAll VOO payments⁠

SSPY vs VOO Risk

Fall from peak · 5 years

SSPY
VOO

Risk facts

VolatilityStd dev, 3 years: SSPY 11.8%, betterVOO 12.3%
Return per unit of riskSharpe ratio, 3 years: SSPY 1.21VOO 1.42, better
Worst fallMax drawdown, 5 years: SSPY −19.6%, betterVOO −24.5%
Market sensitivityBeta, 5 years: SSPY 0.85VOO 1.01; Market = 1

SSPY and VOO in the news

All news⁠

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Deep Dive
SPY vs. SPYM, VOO, and IVV: Why SPY trails cheaper S&P 500 ETFs
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Head-to-Head
Take VTI over VOO unless you already own the rest of the market
Oct 23, 2026VOO
Head-to-Head
VOO has kept about a tenth of a percentage point a year more of the S&P 500 than SPY
Oct 23, 2026VOO
Head-to-Head
VOO vs. VOOG: the S&P 500 fund is the better default
Oct 23, 2026VOO

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SSPY vs VOO

In short

Stated mandate

Why people hold it