ARSTX vs. SPY
Compare and contrast key facts about Nuveen Small Cap Select Fund (ARSTX) and State Street SPDR S&P 500 ETF (SPY).
ARSTX is managed by Nuveen. It was launched on May 6, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
ARSTX vs. SPY - Performance Comparison
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ARSTX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARSTX Nuveen Small Cap Select Fund | -3.98% | 7.78% | 16.94% | 17.69% | -19.84% | 35.98% | 18.68% | 29.05% | -11.48% | 10.13% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, ARSTX achieves a -3.98% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, ARSTX has underperformed SPY with an annualized return of 11.12%, while SPY has yielded a comparatively higher 13.98% annualized return.
ARSTX
- 1D
- -1.15%
- 1M
- -7.77%
- YTD
- -3.98%
- 6M
- -1.47%
- 1Y
- 15.17%
- 3Y*
- 11.19%
- 5Y*
- 6.29%
- 10Y*
- 11.12%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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ARSTX vs. SPY - Expense Ratio Comparison
ARSTX has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
ARSTX vs. SPY — Risk / Return Rank
ARSTX
SPY
ARSTX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Small Cap Select Fund (ARSTX) and State Street SPDR S&P 500 ETF (SPY). 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.
| ARSTX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 0.93 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.05 | 1.45 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.53 | -0.78 |
Martin ratioReturn relative to average drawdown | 3.03 | 7.30 | -4.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARSTX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.93 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.69 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.78 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.56 | -0.10 |
Correlation
The correlation between ARSTX and SPY is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ARSTX vs. SPY - Dividend Comparison
ARSTX's dividend yield for the trailing twelve months is around 2.64%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARSTX Nuveen Small Cap Select Fund | 2.64% | 2.53% | 2.42% | 0.00% | 0.40% | 21.05% | 1.25% | 0.37% | 21.67% | 10.31% | 8.92% | 20.02% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
ARSTX vs. SPY - Drawdown Comparison
The maximum ARSTX drawdown since its inception was -56.51%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARSTX and SPY.
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Drawdown Indicators
| ARSTX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.51% | -55.19% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -12.05% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -27.97% | -24.50% | -3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -43.11% | -33.72% | -9.39% |
Current DrawdownCurrent decline from peak | -10.39% | -6.24% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -9.09% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.52% | +1.30% |
Volatility
ARSTX vs. SPY - Volatility Comparison
Nuveen Small Cap Select Fund (ARSTX) has a higher volatility of 6.02% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that ARSTX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARSTX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 5.31% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 9.47% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.65% | 19.05% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 17.06% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.18% | 17.92% | +5.26% |