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SPYD vs. VIG

SPDR Portfolio S&P 500 High Dividend ETF

SPYD
$--
vs

Vanguard Dividend Appreciation ETF

VIG
$--

Correlation

0.98
SPYDSPDR Portfolio S&P 500 High Dividend ETF
VIGVanguard Dividend Appreciation ETF

What is SPYD?

The SPDR Portfolio S&P 500 High Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 High Dividend Index (the "Index"). The S&P 500 High Dividend Index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500 Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). To determine dividend yield: (i) an indicated dividend is measured by taking the latest dividend paid (excluding special payments) multiplied by the annual frequency of the payment; and (ii) the indicated dividend is then divided by the companys share price at the date of rebalancing.

Snapshot
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SPYD SPDR Portfolio S&P 500 High Dividend ETF
VIG Vanguard Dividend Appreciation ETF
Inception date
Oct 21 2015
Apr 21 2006
Expense ratio
0.07%
0.06%
SPYD has a higher expense ratio than VIG by 0.01%. This can indicate that it’s more expensive to invest in SPYD than VIG.
Type
US Equities
US Equities
SPYD targets investing in US Equities, while VIG targets investing in US Equities.
Fund owner
State Street (SPDR)
Vanguard
SPYD is managed by State Street (SPDR), while VIG is managed by Vanguard.
Volume (1m avg. daily)
$31,341,265
$157,665,108
Both SPYD and VIG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$6,188,814,848
$67,239,425,848
SPYD has more assets under management than VIG by $61,050,611,000. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 High Dividend Index
S&P U.S. Dividend Growers Index
SPYD is based off of the S&P 500 High Dividend Index, while VIG is based off of the S&P U.S. Dividend Growers Index
Inverse/Leveraged
No
No
SPYD and VIG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SPYD and VIG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
Yes
Yes
Prospectus
Neither SPYD nor VIG require a K1.
SPYD and VIG’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toSPYD

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toVIG

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.