SPY Variations
SPY variation ETF’s
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
SPHQ Invesco S&P 500® Quality ETF | Large Cap Blend Equities | 14.29% |
SPHY SPDR Portfolio High Yield Bond ETF | High Yield Bonds | 14.29% |
SPY SPDR S&P 500 ETF | Large Cap Growth Equities | 14.29% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | All Cap Equities, Dividend | 14.29% |
SPYG SPDR Portfolio S&P 500 Growth ETF | Large Cap Growth Equities | 14.29% |
SPYV SPDR Portfolio S&P 500 Value ETF | Large Cap Blend Equities | 14.29% |
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | Large Cap Growth Equities | 14.29% |
Performance
Performance Chart
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The earliest data available for this chart is Dec 1, 2015, corresponding to the inception date of SPYX
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.08% | 9.75% | -1.63% | 12.74% | 15.66% | 10.77% |
| SPY Variations | 1.19% | 8.35% | -0.59% | 13.10% | 15.78% | N/A |
| Portfolio components: | ||||||
SPY SPDR S&P 500 ETF | 0.43% | 9.91% | -1.06% | 14.09% | 17.31% | 12.66% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | -0.65% | 5.27% | -4.81% | 8.61% | 16.01% | N/A |
SPYG SPDR Portfolio S&P 500 Growth ETF | 1.16% | 13.41% | 1.81% | 21.74% | 17.93% | 14.79% |
SPYV SPDR Portfolio S&P 500 Value ETF | -0.25% | 6.21% | -4.75% | 5.12% | 15.77% | 9.70% |
SPHQ Invesco S&P 500® Quality ETF | 3.67% | 9.46% | 1.93% | 16.40% | 17.54% | 13.20% |
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 0.41% | 9.94% | -1.04% | 14.50% | 17.07% | N/A |
SPHY SPDR Portfolio High Yield Bond ETF | 2.52% | 4.05% | 2.62% | 9.31% | 6.97% | 4.73% |
Monthly Returns
The table below presents the monthly returns of SPY Variations, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.60% | -0.16% | -4.26% | -1.19% | 4.42% | 1.19% | |||||||
| 2024 | 1.19% | 3.82% | 3.39% | -3.47% | 4.41% | 2.48% | 2.45% | 2.73% | 1.96% | -1.21% | 5.08% | -3.07% | 21.12% |
| 2023 | 5.66% | -2.59% | 2.51% | 1.27% | -1.13% | 5.86% | 3.28% | -1.51% | -4.25% | -2.32% | 8.20% | 4.93% | 20.80% |
| 2022 | -3.72% | -2.18% | 2.67% | -7.01% | 1.11% | -8.50% | 7.89% | -3.81% | -8.62% | 7.69% | 5.68% | -4.70% | -14.44% |
| 2021 | -0.39% | 3.37% | 4.25% | 4.25% | 1.17% | 1.76% | 1.57% | 2.40% | -3.66% | 5.23% | -1.08% | 4.66% | 25.76% |
| 2020 | -0.66% | -7.38% | -13.93% | 11.55% | 4.09% | 1.24% | 4.64% | 5.43% | -3.00% | -1.81% | 10.57% | 3.62% | 12.08% |
| 2019 | 7.23% | 2.96% | 1.85% | 3.38% | -5.86% | 6.44% | 1.03% | -1.76% | 2.45% | 1.73% | 2.90% | 2.87% | 27.53% |
| 2018 | 4.02% | -3.62% | -1.84% | 0.15% | 1.89% | 0.58% | 2.97% | 2.73% | 0.48% | -5.52% | 1.54% | -7.36% | -4.59% |
| 2017 | 1.58% | 3.35% | -0.10% | 0.80% | 1.18% | 0.65% | 1.48% | 0.02% | 2.09% | 1.58% | 2.89% | 1.19% | 18.00% |
| 2016 | -3.44% | 1.08% | 6.48% | 0.61% | 1.10% | 0.79% | 3.59% | 0.13% | 0.11% | -1.71% | 2.88% | 1.83% | 13.94% |
| 2015 | -2.24% | -2.24% |
Expense Ratio
SPY Variations has an expense ratio of 0.10%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPY Variations is 61, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 0.70 | 1.13 | 1.17 | 0.76 | 2.93 |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 0.56 | 0.89 | 1.12 | 0.56 | 1.80 |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.87 | 1.33 | 1.19 | 0.99 | 3.31 |
SPYV SPDR Portfolio S&P 500 Value ETF | 0.32 | 0.59 | 1.08 | 0.31 | 1.05 |
SPHQ Invesco S&P 500® Quality ETF | 0.94 | 1.47 | 1.21 | 1.03 | 4.24 |
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 0.73 | 1.16 | 1.17 | 0.79 | 3.01 |
SPHY SPDR Portfolio High Yield Bond ETF | 1.67 | 2.38 | 1.35 | 1.87 | 9.85 |
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Dividends
Dividend yield
SPY Variations provided a 2.62% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.62% | 2.63% | 2.70% | 2.81% | 2.14% | 2.61% | 2.65% | 2.74% | 2.61% | 2.60% | 2.05% | 1.58% |
| Portfolio components: | ||||||||||||
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.49% | 4.31% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.61% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
SPYV SPDR Portfolio S&P 500 Value ETF | 2.15% | 2.29% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% |
SPHQ Invesco S&P 500® Quality ETF | 1.11% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 1.06% | 1.05% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.49% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.68% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPY Variations. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPY Variations was 33.32%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current SPY Variations drawdown is 2.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.32% | Feb 13, 2020 | 27 | Mar 23, 2020 | 114 | Sep 2, 2020 | 141 |
| -21.78% | Jan 5, 2022 | 194 | Oct 12, 2022 | 294 | Dec 13, 2023 | 488 |
| -16.18% | Sep 24, 2018 | 64 | Dec 24, 2018 | 66 | Apr 1, 2019 | 130 |
| -15.41% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -9.57% | Dec 2, 2015 | 49 | Feb 11, 2016 | 24 | Mar 17, 2016 | 73 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 7 assets, with an effective number of assets of 7.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| ^GSPC | SPHY | SPYD | SPYG | SPYV | SPHQ | SPYX | SPY | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.55 | 0.70 | 0.95 | 0.87 | 0.95 | 0.97 | 1.00 | 0.98 |
| SPHY | 0.55 | 1.00 | 0.44 | 0.53 | 0.51 | 0.53 | 0.55 | 0.56 | 0.61 |
| SPYD | 0.70 | 0.44 | 1.00 | 0.53 | 0.88 | 0.68 | 0.67 | 0.70 | 0.79 |
| SPYG | 0.95 | 0.53 | 0.53 | 1.00 | 0.71 | 0.90 | 0.93 | 0.95 | 0.90 |
| SPYV | 0.87 | 0.51 | 0.88 | 0.71 | 1.00 | 0.84 | 0.84 | 0.88 | 0.92 |
| SPHQ | 0.95 | 0.53 | 0.68 | 0.90 | 0.84 | 1.00 | 0.92 | 0.95 | 0.95 |
| SPYX | 0.97 | 0.55 | 0.67 | 0.93 | 0.84 | 0.92 | 1.00 | 0.97 | 0.96 |
| SPY | 1.00 | 0.56 | 0.70 | 0.95 | 0.88 | 0.95 | 0.97 | 1.00 | 0.98 |
| Portfolio | 0.98 | 0.61 | 0.79 | 0.90 | 0.92 | 0.95 | 0.96 | 0.98 | 1.00 |