- ISIN
- US78467V1035
- CUSIP
- 78467V103
- Issuer
- State Street
- Inception Date
- Apr 25, 2012
- Region
- Developed Markets (Broad)
- Category
- Hedge Fund
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $1B
Share Price Chart
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Performance
RLY Performance Chart
SPDR SSgA Multi-Asset Real Return ETF (RLY) is up 13.5% since the beginning of the year. RLY is currently trading at $36 per share. Investors who bought $1,000 worth of RLY shares 5 years ago would now be looking at an investment worth $1,585.
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Returns By Period
SPDR SSgA Multi-Asset Real Return ETF (RLY) has returned 13.53% so far this year and 26.82% over the past 12 months. Over the last ten years, RLY has returned 8.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.24% annually.
SPDR SSgA Multi-Asset Real Return ETF
- 1D
- -0.47%
- 1M
- -4.14%
- YTD
- 13.53%
- 6M
- 14.97%
- 1Y
- 26.82%
- 3Y*
- 13.63%
- 5Y*
- 9.65%
- 10Y*
- 8.17%
Benchmark (S&P 500 Index)
- 1D
- -1.62%
- 1M
- -1.97%
- YTD
- 6.16%
- 6M
- 5.52%
- 1Y
- 20.34%
- 3Y*
- 19.12%
- 5Y*
- 11.34%
- 10Y*
- 13.24%
RLY Monthly Returns History
Based on dividend-adjusted daily data since Apr 26, 2012, RLY's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +10.6%, while the worst month was Mar 2020 at -15.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RLY closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +7.5%, while the worst single day was Mar 16, 2020 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.76% | 6.58% | 0.18% | 2.60% | -1.59% | -2.27% | 13.53% | ||||||
| 2025 | 2.83% | 0.56% | 2.15% | -2.49% | 2.66% | 2.70% | 0.60% | 3.85% | 1.94% | 0.39% | 2.58% | 0.98% | 20.26% |
| 2024 | -2.61% | 0.11% | 5.43% | -0.23% | 2.89% | -2.50% | 1.63% | 0.82% | 1.79% | -1.25% | 1.41% | -4.58% | 2.53% |
| 2023 | 4.65% | -4.48% | 0.57% | 0.65% | -6.63% | 3.87% | 5.18% | -2.46% | -1.09% | -2.67% | 3.81% | 1.94% | 2.56% |
| 2022 | 3.04% | 3.95% | 6.91% | -1.66% | 3.50% | -9.73% | 3.00% | -1.28% | -8.50% | 7.21% | 5.79% | -2.85% | 7.86% |
| 2021 | 0.33% | 6.03% | 1.72% | 4.39% | 3.67% | -0.22% | 0.88% | -0.45% | -0.05% | 4.89% | -4.87% | 4.98% | 22.85% |
Benchmark Metrics
SPDR SSgA Multi-Asset Real Return ETF has an annualized alpha of -1.85%, beta of 0.56, and R2 of 0.51 versus S&P 500 Index. Calculated based on daily prices since April 26, 2012.
- This ETF participated in 74.83% of S&P 500 Index downside but only 51.59% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.85%
- Beta
- 0.56
- R²
- 0.51
- Upside Capture
- 51.59%
- Downside Capture
- 74.83%
Expense Ratio
RLY has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RLY ranks 92 for risk / return — in the top 92% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RLY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 2.25 | +3.58 |
| Martin ratioReturn relative to average drawdown | 23.29 | 10.14 | +13.15 |
Dividends
Dividend History
SPDR SSgA Multi-Asset Real Return ETF provided a 2.95% dividend yield over the last twelve months, with an annual payout of $1.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.05 | $1.02 | $0.89 | $1.01 | $1.56 | $3.28 | $0.53 | $0.88 | $0.63 | $0.49 | $0.51 | $0.40 |
Dividend yield | 2.95% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR SSgA Multi-Asset Real Return ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.67 | $1.02 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.44 | $0.89 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.55 | $1.01 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $1.01 | $1.56 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $2.93 | $3.28 |
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 SPDR SSgA Multi-Asset Real Return ETF. 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 SPDR SSgA Multi-Asset Real Return ETF was 37.75%, occurring on Mar 18, 2020. Recovery took 235 trading sessions.
The current SPDR SSgA Multi-Asset Real Return ETF drawdown is 4.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.75%Mar 2020 | 5y 8mo | 11mo 12d | 6y 7moJul 2014 - Feb 2021 |
Bear market2022 | -18.94%Sep 2022 | 3mo 20d | 2y 6d | 2y 3moJun 2022 - Oct 2024 |
2013 correction2013 | -12.53%Jun 2013 | 9mo 10d | 10mo 24d | 1y 7moSep 2012 - May 2014 |
2025 selloff2025 | -10.08%Apr 2025 | 6mo 2d | 1mo 12d | 7mo 14dOct 2024 - May 2025 |
2012 pullback2012 | -9.23%Jun 2012 | 1mo 3d | 3mo 4d | 4mo 7dMay 2012 - Sep 2012 |
Drawdown Indicators
| RLY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.75% | -56.78% | +19.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -9.10% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -18.90% | +8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -25.43% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -34.17% | -33.92% | -0.25% |
Current DrawdownCurrent decline from peak | -4.63% | -4.50% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -10.72% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.01% | -0.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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