The Vanguard Value ETF (VTV 1.20%) is designed for investors seeking to track the performance of large-cap U.S. value stocks, concentrating on established companies with lower price-to-book ratios.
The State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM 1.57%) aims to mirror the broader U.S. equity market, spanning large-, mid-, and small-cap stocks. This comparison unpacks how these differences play out in cost, performance, risk, and portfolio makeup.
Snapshot (cost & size)
| Metric | VTV | SPTM |
|---|---|---|
| Issuer | Vanguard | SPDR |
| Expense ratio | 0.04% | 0.03% |
| 1-yr return (as of Jan. 25, 2026) | 11.48% | 12.91% |
| Dividend yield | 2.05% | 1.13% |
| AUM | $218 billion | $12 billion |
| Beta (5Y monthly) | 0.78 | 1.02 |
Beta measures price volatility relative to the S&P 500. The 1-yr return represents total return over the trailing 12 months.
SPTM is slightly more affordable than VTV with a lower expense ratio, while VTV delivers a much higher dividend yield that may appeal to income-focused investors.
Performance & risk comparison
| Metric | VTV | SPTM |
|---|---|---|
| Max drawdown (5 y) | -17.03% | -24.15% |
| Growth of $1,000 over 5 years | $1,622 | $1,765 |
What's inside
SPTM tracks a broad U.S. equity index and holds 1,510 stocks, providing exposure across all market caps and sectors.
Its portfolio is heavily weighted toward technology, making up 34% of assets, followed by financial services at 13% and consumer cyclical at 11%. The top holdings are Nvidia, Apple, and Microsoft. The fund has been operating for more than 25 years, offering a long track record for evaluation.
VTV, in contrast, concentrates on 312 large-cap value stocks, with sector exposure led by financial services at 25%, healthcare at 16%, and industrials at 13%. Its largest positions are JPMorgan Chase, Berkshire Hathaway, and Exxon Mobil.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investors
SPTM and VTV can both be fantastic investments, and determining the right choice for your portfolio will depend on what you’re looking to achieve with an ETF.
SPTM provides broad exposure to the overall market. While it is tech-heavy, reflecting the market’s tilt toward tech giants, it includes stocks from companies of all sizes across all sectors.
VTV, on the other hand, focuses exclusively on large-cap value stocks. Value stocks are those from established companies that are generally seen as being overlooked by investors. These stocks may experience slower growth, but they also tend to be more stable with greater dividend income potential.
Between these two ETFs, VTV offers a lower beta and a milder max drawdown, suggesting smaller price fluctuations and less volatility overall. But SPTM is the higher performer, delivering higher one- and five-year total returns.
Investors seeking stability and consistent dividend income may prefer VTV’s large-cap value approach. If you’re looking for increased diversification with access to stocks from all corners of the market, however, SPTM might better fit the bill.
