SPY vs. VCEB ETF Comparison

Comparison of SPDR S&P 500 (SPY) to Vanguard ESG U.S. Corporate Bond ETF (VCEB)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$595.51

Average Daily Volume

43,227,909

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

VCEB

Vanguard ESG U.S. Corporate Bond ETF

VCEB Description

The investment seeks to track the performance of the Bloomberg Barclays MSCI US Corporate SRI Select Index (the ?index?). The index excludes bonds with maturities of 1 year or less and with less than $750 million outstanding, and is screened for certain environmental, social, and governance (ESG) criteria by the index provider, which is independent of Vanguard. All of the fund?s investments will be selected through the sampling process, and under normal circumstances, at least 80% of the fund?s assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$62.73

Average Daily Volume

37,148

Number of Holdings ^*

245

* may have additional holdings in another (foreign) market

Performance

Period	SPY	VCEB
30 Days	3.03%	-0.25%
60 Days	4.54%	-2.76%
90 Days	6.26%	-1.73%
12 Months	32.65%	7.45%

211 Overlapping Holdings

	Symbol	Grade	Weight in SPY	Weight in VCEB	Overlap
	A	D	0.08%	0.02%	0.02%
	AAPL	C	6.89%	0.01%	0.01%
	ABBV	D	0.6%	0.03%	0.03%
	ABT	B	0.4%	0.03%	0.03%
	ACGL	D	0.07%	0.03%	0.03%
	ADBE	C	0.47%	0.01%	0.01%
	ADI	D	0.21%	0.01%	0.01%
	ADM	D	0.05%	0.02%	0.02%
	ADP	B	0.24%	0.03%	0.03%
	AFL	B	0.11%	0.05%	0.05%
	AIG	B	0.1%	0.01%	0.01%
	AJG	B	0.13%	0.02%	0.02%
	AMAT	F	0.31%	0.01%	0.01%
	AMGN	D	0.32%	0.01%	0.01%
	AMP	A	0.11%	0.03%	0.03%
	AMT	D	0.18%	0.01%	0.01%
	AMZN	C	3.92%	0.01%	0.01%
	AON	A	0.16%	0.01%	0.01%
	APD	A	0.14%	0.02%	0.02%
	APH	A	0.17%	0.02%	0.02%
	ARE	D	0.03%	0.01%	0.01%
	AVGO	D	1.58%	0.02%	0.02%
	AWK	D	0.05%	0.02%	0.02%
	AXP	A	0.32%	0.01%	0.01%
	AZO	C	0.11%	0.04%	0.04%
	BAC	A	0.62%	0.02%	0.02%
	BAX	D	0.03%	0.02%	0.02%
	BDX	F	0.13%	0.03%	0.03%
	BEN	C	0.01%	0.02%	0.01%
	BG	F	0.02%	0.03%	0.02%
	BIIB	F	0.05%	0.01%	0.01%
	BK	A	0.11%	0.01%	0.01%
	BKNG	A	0.33%	0.02%	0.02%
	BLK	C	0.29%	0.02%	0.02%
	BMY	B	0.24%	0.03%	0.03%
	BR	A	0.05%	0.02%	0.02%
	BSX	B	0.26%	0.01%	0.01%
	BWA	D	0.02%	0.03%	0.02%
	BXP	D	0.02%	0.01%	0.01%
	C	A	0.26%	0.01%	0.01%
	CAG	D	0.03%	0.01%	0.01%
	CAH	B	0.06%	0.02%	0.02%
	CARR	D	0.13%	0.02%	0.02%
	CAT	B	0.37%	0.01%	0.01%
	CB	C	0.21%	0.01%	0.01%
	CCI	D	0.09%	0.01%	0.01%
	CF	B	0.03%	0.02%	0.02%
	CFG	B	0.04%	0.03%	0.03%
	CHTR	C	0.08%	0.02%	0.02%
	CI	F	0.18%	0.01%	0.01%
	CMCSA	B	0.33%	0.01%	0.01%
	CME	A	0.16%	0.02%	0.02%
	CMI	A	0.1%	0.02%	0.02%
	COF	B	0.14%	0.01%	0.01%
	CPB	D	0.02%	0.02%	0.02%
	CPT	B	0.03%	0.04%	0.03%
	CRM	B	0.64%	0.02%	0.02%
	CSCO	B	0.46%	0.02%	0.02%
	CTAS	B	0.15%	0.04%	0.04%
	CVS	D	0.14%	0.01%	0.01%
	DD	D	0.07%	0.06%	0.06%
	DE	A	0.2%	0.02%	0.02%
	DELL	C	0.08%	0.01%	0.01%
	DFS	B	0.09%	0.01%	0.01%
	DG	F	0.03%	0.03%	0.03%
	DGX	A	0.03%	0.03%	0.03%
	DHR	F	0.31%	0.01%	0.01%
	DIS	B	0.39%	0.01%	0.01%
	DLR	B	0.11%	0.01%	0.01%
	DLTR	F	0.03%	0.02%	0.02%
	DOC	D	0.03%	0.03%	0.03%
	DOW	F	0.06%	0.01%	0.01%
	EA	A	0.08%	0.01%	0.01%
	EBAY	D	0.06%	0.01%	0.01%
	EFX	F	0.06%	0.02%	0.02%
	EG	C	0.03%	0.03%	0.03%
	EMN	D	0.02%	0.02%	0.02%
	EQIX	A	0.17%	0.03%	0.03%
	EQR	B	0.05%	0.03%	0.03%
	ETN	A	0.29%	0.03%	0.03%
	EXPE	B	0.05%	0.04%	0.04%
	FDX	B	0.13%	0.01%	0.01%
	FIS	C	0.1%	0.01%	0.01%
	FITB	A	0.06%	0.02%	0.02%
	FOXA	B	0.02%	0.01%	0.01%
	FTV	C	0.05%	0.03%	0.03%
	GILD	C	0.23%	0.01%	0.01%
	GIS	D	0.07%	0.03%	0.03%
	GLW	B	0.07%	0.02%	0.02%
	GM	B	0.13%	0.01%	0.01%
	GOOGL	C	2.04%	0.02%	0.02%
	GPN	B	0.06%	0.01%	0.01%
	GS	A	0.37%	0.01%	0.01%
	GWW	B	0.1%	0.04%	0.04%
	HAS	D	0.02%	0.03%	0.02%
	HBAN	A	0.05%	0.02%	0.02%
	HCA	F	0.13%	0.02%	0.02%
	HD	A	0.8%	0.01%	0.01%
	HIG	B	0.07%	0.02%	0.02%
	HPE	B	0.06%	0.01%	0.01%
	HPQ	B	0.07%	0.01%	0.01%
	HRL	D	0.02%	0.02%	0.02%
	HST	C	0.02%	0.02%	0.02%
	HUM	C	0.07%	0.01%	0.01%
	IBM	C	0.38%	0.02%	0.02%
	ICE	C	0.18%	0.01%	0.01%
	IFF	D	0.05%	0.03%	0.03%
	INTC	D	0.21%	0.01%	0.01%
	ITW	B	0.14%	0.03%	0.03%
	JNJ	D	0.73%	0.01%	0.01%
	JPM	A	1.37%	0.01%	0.01%
	K	A	0.04%	0.03%	0.03%
	KDP	D	0.07%	0.01%	0.01%
	KEY	B	0.04%	0.01%	0.01%
	KLAC	D	0.17%	0.01%	0.01%
	KMB	D	0.09%	0.04%	0.04%
	KO	D	0.48%	0.01%	0.01%
	LEN	D	0.08%	0.04%	0.04%
	LH	C	0.04%	0.03%	0.03%
	LLY	F	1.23%	0.03%	0.03%
	LOW	D	0.31%	0.01%	0.01%
	LRCX	F	0.19%	0.01%	0.01%
	LUV	C	0.04%	0.01%	0.01%
	MA	C	0.85%	0.03%	0.03%
	MAR	B	0.13%	0.01%	0.01%
	MCD	D	0.43%	0.01%	0.01%
	MCHP	D	0.07%	0.04%	0.04%
	MCK	B	0.16%	0.02%	0.02%
	MDLZ	F	0.17%	0.01%	0.01%
	MDT	D	0.22%	0.05%	0.05%
	MET	A	0.1%	0.01%	0.01%
	MKC	D	0.04%	0.02%	0.02%
	MLM	B	0.07%	0.02%	0.02%
	MMC	B	0.22%	0.04%	0.04%
	MMM	D	0.14%	0.01%	0.01%
	MOS	F	0.02%	0.06%	0.02%
	MRK	F	0.5%	0.01%	0.01%
	MS	A	0.33%	0.01%	0.01%
	MSFT	F	6.3%	0.01%	0.01%
	MSI	B	0.16%	0.01%	0.01%
	MTB	A	0.07%	0.07%	0.07%
	MU	D	0.22%	0.03%	0.03%
	NEM	D	0.09%	0.02%	0.02%
	NKE	D	0.18%	0.01%	0.01%
	NOW	A	0.43%	0.04%	0.04%
	NTAP	C	0.05%	0.02%	0.02%
	NTRS	A	0.04%	0.03%	0.03%
	NVDA	C	7.17%	0.01%	0.01%
	NVR	D	0.06%	0.03%	0.03%
	NXPI	D	0.11%	0.01%	0.01%
	O	D	0.1%	0.02%	0.02%
	OMC	C	0.04%	0.02%	0.02%
	ORCL	B	0.59%	0.02%	0.02%
	ORLY	B	0.14%	0.03%	0.03%
	OTIS	C	0.08%	0.04%	0.04%
	PEP	F	0.45%	0.01%	0.01%
	PFE	D	0.29%	0.01%	0.01%
	PG	A	0.78%	0.01%	0.01%
	PGR	A	0.3%	0.05%	0.05%
	PH	A	0.18%	0.01%	0.01%
	PLD	D	0.21%	0.01%	0.01%
	PNC	B	0.16%	0.01%	0.01%
	PPG	F	0.06%	0.03%	0.03%
	PRU	A	0.09%	0.01%	0.01%
	PWR	A	0.09%	0.03%	0.03%
	PYPL	B	0.17%	0.01%	0.01%
	QCOM	F	0.36%	0.01%	0.01%
	QRVO	F	0.01%	0.02%	0.01%
	REGN	F	0.16%	0.02%	0.02%
	RF	A	0.05%	0.03%	0.03%
	RJF	A	0.06%	0.02%	0.02%
	RL	B	0.02%	0.02%	0.02%
	ROP	B	0.12%	0.03%	0.03%
	RSG	A	0.08%	0.01%	0.01%
	SBUX	A	0.22%	0.02%	0.02%
	SCHW	B	0.24%	0.01%	0.01%
	SHW	A	0.18%	0.02%	0.02%
	SJM	D	0.02%	0.03%	0.02%
	SPG	B	0.11%	0.01%	0.01%
	STT	A	0.06%	0.01%	0.01%
	SWK	D	0.03%	0.02%	0.02%
	SYF	B	0.05%	0.03%	0.03%
	SYK	C	0.26%	0.01%	0.01%
	SYY	B	0.07%	0.01%	0.01%
	T	A	0.32%	0.01%	0.01%
	TFC	A	0.12%	0.01%	0.01%
	TGT	F	0.14%	0.01%	0.01%
	TJX	A	0.27%	0.07%	0.07%
	TMO	F	0.4%	0.01%	0.01%
	TMUS	B	0.23%	0.01%	0.01%
	TRV	B	0.12%	0.02%	0.02%
	TSN	B	0.04%	0.01%	0.01%
	TT	A	0.18%	0.02%	0.02%
	TXN	C	0.37%	0.01%	0.01%
	UHS	D	0.02%	0.02%	0.02%
	UNH	C	1.09%	0.01%	0.01%
	UPS	C	0.19%	0.01%	0.01%
	USB	A	0.16%	0.01%	0.01%
	V	A	1.02%	0.02%	0.02%
	VMC	B	0.07%	0.02%	0.02%
	VRSK	A	0.08%	0.04%	0.04%
	VRSN	F	0.03%	0.03%	0.03%
	VTR	C	0.05%	0.02%	0.02%
	VTRS	A	0.03%	0.01%	0.01%
	VZ	C	0.34%	0.02%	0.02%
	WAB	B	0.07%	0.03%	0.03%
	WBA	F	0.01%	0.02%	0.01%
	WELL	A	0.15%	0.01%	0.01%
	WM	A	0.16%	0.01%	0.01%
	ZBH	C	0.04%	0.03%	0.03%
	ZTS	D	0.16%	0.01%	0.01%

SPY Overweight 288 Positions Relative to VCEB

	Symbol	Grade	Weight
	META	D	2.5%
	TSLA	B	1.72%
	BRK.A	B	1.7%
	GOOG	C	1.69%
	XOM	B	1.06%
	COST	B	0.81%
	WMT	A	0.73%
	NFLX	A	0.71%
	CVX	A	0.55%
	WFC	A	0.49%
	AMD	F	0.45%
	ACN	C	0.45%
	LIN	D	0.43%
	PM	B	0.4%
	INTU	C	0.39%
	ISRG	A	0.38%
	GE	D	0.38%
	SPGI	C	0.32%
	NEE	D	0.31%
	RTX	C	0.31%
	UBER	D	0.3%
	HON	B	0.3%
	UNP	C	0.28%
	BX	A	0.26%
	COP	C	0.26%
	VRTX	F	0.25%
	PANW	C	0.25%
	PLTR	B	0.24%
	FI	A	0.24%
	LMT	D	0.23%
	ANET	C	0.2%
	BA	F	0.2%
	KKR	A	0.2%
	ELV	F	0.19%
	MO	A	0.19%
	SO	D	0.19%
	GEV	B	0.18%
	SNPS	B	0.17%
	DUK	C	0.17%
	CRWD	B	0.16%
	CMG	B	0.16%
	CDNS	B	0.16%
	EMR	A	0.15%
	CL	D	0.15%
	GD	F	0.15%
	MCO	B	0.15%
	EOG	A	0.15%
	NOC	D	0.14%
	CSX	B	0.14%
	CEG	D	0.14%
	TDG	D	0.14%
	OKE	A	0.13%
	ADSK	A	0.13%
	WMB	A	0.13%
	ABNB	C	0.12%
	NSC	B	0.12%
	FTNT	C	0.12%
	PCAR	B	0.12%
	HLT	A	0.12%
	SLB	C	0.12%
	FCX	D	0.12%
	ECL	D	0.12%
	MPC	D	0.11%
	PSX	C	0.11%
	RCL	A	0.11%
	URI	B	0.11%
	FICO	B	0.11%
	JCI	C	0.11%
	SRE	A	0.11%
	DHI	D	0.1%
	AEP	D	0.1%
	CPRT	A	0.1%
	KMI	A	0.1%
	ALL	A	0.1%
	PSA	D	0.1%
	BKR	B	0.09%
	F	C	0.09%
	PEG	A	0.09%
	AXON	A	0.09%
	AME	A	0.09%
	VLO	C	0.09%
	PCG	A	0.09%
	KVUE	A	0.09%
	HWM	A	0.09%
	PAYX	C	0.09%
	FAST	B	0.09%
	LHX	C	0.09%
	D	C	0.09%
	ROST	C	0.09%
	VST	B	0.09%
	MSCI	C	0.09%
	GEHC	F	0.08%
	STZ	D	0.08%
	LULU	C	0.08%
	EXC	C	0.08%
	XEL	A	0.08%
	YUM	B	0.08%
	KR	B	0.08%
	MNST	C	0.08%
	CTVA	C	0.08%
	CBRE	B	0.08%
	EW	C	0.08%
	CTSH	B	0.08%
	HES	B	0.08%
	IT	C	0.08%
	IR	B	0.08%
	DAL	C	0.08%
	TRGP	B	0.08%
	ODFL	B	0.08%
	COR	B	0.08%
	VICI	C	0.07%
	ED	D	0.07%
	IRM	D	0.07%
	RMD	C	0.07%
	OXY	D	0.07%
	FANG	D	0.07%
	EXR	D	0.07%
	NUE	C	0.07%
	IDXX	F	0.07%
	IQV	D	0.07%
	DOV	A	0.06%
	KHC	F	0.06%
	MPWR	F	0.06%
	ON	D	0.06%
	XYL	D	0.06%
	TTWO	A	0.06%
	ANSS	B	0.06%
	TSCO	D	0.06%
	DXCM	D	0.06%
	UAL	A	0.06%
	WEC	A	0.06%
	CSGP	D	0.06%
	CNC	D	0.06%
	ETR	B	0.06%
	EIX	B	0.06%
	WTW	B	0.06%
	NDAQ	A	0.06%
	AVB	B	0.06%
	ROK	B	0.06%
	GRMN	B	0.06%
	PTC	A	0.05%
	CINF	A	0.05%
	SBAC	D	0.05%
	HUBB	B	0.05%
	AEE	A	0.05%
	CDW	F	0.05%
	PPL	B	0.05%
	WST	C	0.05%
	CCL	B	0.05%
	DVN	F	0.05%
	DTE	C	0.05%
	SW	A	0.05%
	EQT	B	0.05%
	VLTO	D	0.05%
	CPAY	A	0.05%
	BRO	B	0.05%
	GDDY	A	0.05%
	MTD	D	0.05%
	TYL	B	0.05%
	CHD	B	0.05%
	HSY	F	0.05%
	HAL	C	0.05%
	TROW	B	0.05%
	KEYS	A	0.05%
	PHM	D	0.05%
	DECK	A	0.05%
	J	F	0.04%
	WRB	A	0.04%
	MOH	F	0.04%
	BBY	D	0.04%
	HOLX	D	0.04%
	ULTA	F	0.04%
	PODD	C	0.04%
	MAA	B	0.04%
	PFG	D	0.04%
	CTRA	B	0.04%
	BALL	D	0.04%
	FDS	B	0.04%
	SNA	A	0.04%
	NRG	B	0.04%
	INVH	D	0.04%
	ESS	B	0.04%
	CNP	B	0.04%
	IP	B	0.04%
	STLD	B	0.04%
	DRI	B	0.04%
	CMS	C	0.04%
	LYV	A	0.04%
	ZBRA	B	0.04%
	STX	D	0.04%
	CLX	B	0.04%
	WDC	D	0.04%
	CBOE	B	0.04%
	FSLR	F	0.04%
	FE	C	0.04%
	PKG	A	0.04%
	BLDR	D	0.04%
	LYB	F	0.04%
	STE	F	0.04%
	ES	D	0.04%
	WBD	C	0.04%
	TDY	B	0.04%
	WAT	B	0.04%
	ATO	A	0.04%
	WY	D	0.04%
	LDOS	C	0.04%
	JNPR	F	0.03%
	CHRW	C	0.03%
	TPR	B	0.03%
	UDR	B	0.03%
	AKAM	D	0.03%
	SWKS	F	0.03%
	MRNA	F	0.03%
	POOL	C	0.03%
	EPAM	C	0.03%
	NDSN	B	0.03%
	ROL	B	0.03%
	FFIV	B	0.03%
	RVTY	F	0.03%
	APTV	D	0.03%
	EVRG	A	0.03%
	JBL	B	0.03%
	AMCR	D	0.03%
	JBHT	C	0.03%
	L	A	0.03%
	EL	F	0.03%
	LNT	A	0.03%
	DPZ	C	0.03%
	ALGN	D	0.03%
	AVY	D	0.03%
	TXT	D	0.03%
	MRO	B	0.03%
	NI	A	0.03%
	GEN	B	0.03%
	KIM	A	0.03%
	EXPD	D	0.03%
	LVS	C	0.03%
	GPC	D	0.03%
	TRMB	B	0.03%
	MAS	D	0.03%
	IEX	B	0.03%
	TER	D	0.03%
	PNR	A	0.03%
	HII	D	0.02%
	IVZ	B	0.02%
	MTCH	D	0.02%
	CE	F	0.02%
	APA	D	0.02%
	CZR	F	0.02%
	HSIC	B	0.02%
	FRT	B	0.02%
	ENPH	F	0.02%
	MGM	D	0.02%
	WYNN	D	0.02%
	AOS	F	0.02%
	TFX	F	0.02%
	SMCI	F	0.02%
	SOLV	C	0.02%
	GL	B	0.02%
	AES	F	0.02%
	MKTX	D	0.02%
	ERIE	D	0.02%
	CRL	C	0.02%
	LKQ	D	0.02%
	PNW	B	0.02%
	CTLT	B	0.02%
	PAYC	B	0.02%
	IPG	D	0.02%
	NWSA	B	0.02%
	TAP	C	0.02%
	AIZ	A	0.02%
	GNRC	B	0.02%
	TECH	D	0.02%
	LW	C	0.02%
	NCLH	B	0.02%
	ALB	C	0.02%
	REG	B	0.02%
	DAY	B	0.02%
	KMX	B	0.02%
	ALLE	D	0.02%
	INCY	C	0.02%
	JKHY	D	0.02%
	NWS	B	0.01%
	FOX	A	0.01%
	PARA	C	0.01%
	FMC	D	0.01%
	DVA	B	0.01%
	MHK	D	0.01%

SPY Underweight 34 Positions Relative to VCEB

	Symbol	Grade	Weight
	DT	C	-0.19%
	WEST	C	-0.06%
	EQH	B	-0.05%
	STLA	F	-0.04%
	CMA	A	-0.03%
	BHF	B	-0.03%
	ALLY	C	-0.03%
	VOD	F	-0.03%
	HUN	F	-0.02%
	LEA	D	-0.02%
	XRAY	F	-0.02%
	CSL	C	-0.02%
	VFC	C	-0.02%
	BABA	D	-0.02%
	DB	D	-0.02%
	HSBC	B	-0.02%
	GSK	F	-0.02%
	AZN	D	-0.02%
	EXP	A	-0.01%
	GLPI	C	-0.01%
	WB	D	-0.01%
	MRVL	B	-0.01%
	BRX	A	-0.01%
	RPRX	D	-0.01%
	BMO	A	-0.01%
	BERY	B	-0.01%
	CM	A	-0.01%
	AER	B	-0.01%
	BNS	A	-0.01%
	AL	B	-0.01%
	TD	F	-0.01%
	NWG	C	-0.01%
	MUFG	B	-0.01%
	RY	A	-0.01%

SPY: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Business Services Semiconductors Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Medicine Real Estate Investment Trust Aerospace Telecommunications Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

VCEB: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Banks - Regional - US Semiconductors Packaged Foods Business Services Credit Services Asset Management Chemicals Diagnostics & Research Diversified Industrials Medical Devices Specialty Retail Telecom Services Capital Markets Health Care Plans Insurance - Diversified Insurance - Life Software - Application Beverages - Soft Drinks

Keywords: S&P 500 Nasdaq 100 Bank Dow Jones Component Insurance Banking Computing Investment Bank Financial Products Cash Management Commercial Banking Medicine Insurance Products Real Estate Investment Trust Disability Investment Management Asset Management Services Investment Banking Telecommunications Electronics