VOO vs SPY: Dividend Yield, Total Return & Fees Compared
Vanguard S&P 500 ETFSPDR S&P 500 ETF Trust
Data as of the close · refreshed automatically every trading day
VOO vs SPY at a glance
This page compares Vanguard S&P 500 ETF (VOO) with SPDR S&P 500 ETF Trust (SPY) using prices and distributions through September 25, 2026. The numbers update automatically after each trading session.
With dividends reinvested, VOO has led over the last 12 months at +18.57% versus +18.48% for SPY. VOO currently yields 1.03% (trailing 12-month) against 0.98% for SPY. Across five years the total-return gap is +86.31% for VOO vs +85.81% for SPY.
VOO leads on both current yield and 1-year total return. Yields and returns move with markets, so check the longer periods below before drawing conclusions.
| Metric | VOO | SPY |
|---|---|---|
| Last close | $710.79 | $771.35 |
| Dividend yield | 1.03% (TTM) | 0.98% (TTM) |
| Expense ratio | — | 0.09% |
| Pays | quarterly | quarterly |
| Dividends, last 12 months | $7.35 (4 payments) | $7.58 (4 payments) |
| Issuer | Vanguard | SPDR |
| Inception | — | Jan 23, 1993 |
Performance: VOO vs SPY
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Sep 25, 2025 – Sep 25, 2026
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Recent dividend payments
The latest 12 distributions per share for each fund, newest first.
| VOO | SPY | ||
|---|---|---|---|
| Jun 26, 2026 | $1.96 | Sep 18, 2026 | $1.89 |
| Mar 27, 2026 | $1.87 | Jun 18, 2026 | $1.90 |
| Dec 22, 2025 | $1.77 | Mar 20, 2026 | $1.80 |
| Sep 29, 2025 | $1.74 | Dec 19, 2025 | $1.99 |
| Jun 30, 2025 | $1.75 | Sep 19, 2025 | $1.83 |
| Mar 27, 2025 | $1.81 | Jun 20, 2025 | $1.76 |
| Dec 23, 2024 | $1.74 | Mar 21, 2025 | $1.70 |
| Sep 27, 2024 | $1.64 | Dec 20, 2024 | $1.97 |
| Jun 28, 2024 | $1.78 | Sep 20, 2024 | $1.75 |
| Mar 22, 2024 | $1.54 | Jun 21, 2024 | $1.76 |
| Dec 20, 2023 | $1.80 | Mar 15, 2024 | $1.60 |
| Sep 28, 2023 | $1.49 | Dec 15, 2023 | $1.91 |
VOO vs SPY: common questions
Which pays a higher dividend, VOO or SPY?
As of September 25, 2026, VOO yields 1.03% (trailing 12-month) and SPY yields 0.98% (trailing 12-month), so VOO currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, VOO or SPY?
Over the past year with dividends reinvested, VOO returned +18.57% and SPY returned +18.48%. Over five years, VOO returned +86.31% and SPY returned +85.81%. Past performance does not predict future results.
What would $10,000 in VOO vs SPY be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $11,857 in VOO and $11,848 in SPY.
How often do VOO and SPY pay dividends?
VOO pays quarterly (4 payments in the last 12 months) and SPY pays quarterly (4 payments).
Is VOO or SPY the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Related comparisons
More side-by-side comparisons with VOO and SPY.
Figures come from end-of-day prices and distributions and are recalculated after every trading session; see our methodology. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.