Updated Reviewed quarterly
SPYM vs VOO: ETF Comparison
SPYM · State Street
TER 0.02% · Yield —
VOO · Vanguard
TER 0.03% · Yield 1.0%
Both SPYM and VOO are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
In 30 seconds: SPYM (SPDR Portfolio S&P 500 ETF, State Street) trades on the NYSE Arca at 0.02% TER. VOO (Vanguard S&P 500 ETF, Vanguard) trades on the NYSE Arca at 0.03% TER. Both SPYM and VOO are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
- SPYM: SPDR Portfolio S&P 500 ETF — 0.02% TER, FIF above NZ$50K
- VOO: Vanguard S&P 500 ETF — 0.03% TER, FIF above NZ$50K
- SPYM yield: not currently published
- VOO yield: 1.0% (Quarterly)
- Cheaper TER: SPYM
Head-to-head comparison
| Feature | SPYM | VOO |
|---|---|---|
| Fund | SPDR Portfolio S&P 500 ETF | Vanguard S&P 500 ETF |
| Issuer | State Street | Vanguard |
| Exchange | NYSE Arca | NYSE Arca |
| Total expense ratio | 0.02% | 0.03% |
| Dividend yield (TTM) | — | 1.0% |
| Distribution frequency | Quarterly | Quarterly |
| NZ tax wrapper | FIF above NZ$50K | FIF above NZ$50K |
Where to buy
SPYM trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. VOO trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between SPYM and VOO?▾
SPYM (SPDR Portfolio S&P 500 ETF) charges 0.02% TER vs VOO (Vanguard S&P 500 ETF) at 0.03%. SPYM is from State Street; VOO is from Vanguard. Both SPYM and VOO are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
Which has the lower fee, SPYM or VOO?▾
SPYM is cheaper at 0.02% TER vs VOO at 0.03% — a gap of 0.01 percentage points. Over 30 years on a NZ$50,000 portfolio at 7% pre-fee return, that fee gap compounds to roughly NZ1,066 of foregone wealth.
Which yields more, SPYM or VOO?▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for SPYM, FIF above NZ$50K for VOO).
Can NZ residents buy both SPYM and VOO?▾
Yes. SPYM is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. VOO is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.
How does NZ tax differ between SPYM and VOO?▾
SPYM is FIF above NZ$50K. VOO is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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