BGIG vs. SPYV

Last updated Jun 24, 2026

BGIG (Bahl & Gaynor Income Growth ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - BGIG is a Large Cap Value Equities fund actively managed by Bahl & Gaynor, while SPYV is a S&P 500 fund tracking the S&P 500 Value Index. BGIG is actively managed, while SPYV is passively managed. Over the past year, BGIG returned 19.97% vs 20.05% for SPYV. Their correlation of 0.84 suggests significant overlap in exposure. BGIG charges 0.45%/yr vs 0.04%/yr for SPYV.

Performance

BGIG vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bahl & Gaynor Income Growth ETF (BGIG) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGIG achieves a 10.12% return, which is significantly higher than SPYV's 7.47% return.

BGIG

• 1D: -0.25%
• 1M: -0.02%
• YTD: 10.12%
• 6M: 9.82%
• 1Y: 19.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYV

• 1D: -0.28%
• 1M: -0.41%
• YTD: 7.47%
• 6M: 6.91%
• 1Y: 20.05%
• 3Y*: 15.17%
• 5Y*: 11.21%
• 10Y*: 12.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGIG vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BGIG Bahl & Gaynor Income Growth ETF	10.12%	12.49%	16.84%	3.57%
SPYV SPDR Portfolio S&P 500 Value ETF	7.47%	13.18%	12.24%	7.79%

Correlation

The correlation between BGIG and SPYV is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.84

The correlation between BGIG and SPYV has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

BGIG vs. SPYV - Sectors Allocation Comparison

Sectors	BGIG	SPYV
Technology	25.7%	22.4%
Healthcare	15.2%	11.5%
Financial Services	14.4%	14.5%
Industrials	10.3%	10.5%
Energy	10.2%	7.0%
Utilities	7.2%	4.3%
Consumer Defensive	6.8%	8.9%
Consumer Cyclical	4.8%	11.1%
Real Estate	3.8%	3.4%
Communication Services	0.8%	3.2%
Basic Materials	0.6%	3.3%

Return for Risk

BGIG vs. SPYV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGIG

BGIG Risk / Return Rank: 76
BGIG Sharpe Ratio Rank: 76
BGIG Sortino Ratio Rank: 79
BGIG Omega Ratio Rank: 73
BGIG Calmar Ratio Rank: 74
BGIG Martin Ratio Rank: 76

SPYV

SPYV Risk / Return Rank: 65
SPYV Sharpe Ratio Rank: 64
SPYV Sortino Ratio Rank: 64
SPYV Omega Ratio Rank: 62
SPYV Calmar Ratio Rank: 67
SPYV Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGIG vs. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Income Growth ETF (BGIG) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.

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.

	BGIG	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.02	+0.20
Sortino ratio: Return per unit of downside risk	3.18	2.84	+0.34
Omega ratio: Gain probability vs. loss probability	1.40	1.36	+0.03
Calmar ratio: Return relative to maximum drawdown	3.45	3.24	+0.22
Martin ratio: Return relative to average drawdown	13.32	12.32	+1.01

BGIG vs. SPYV - Sharpe Ratio Comparison

The current BGIG Sharpe Ratio is 2.22, which is comparable to the SPYV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of BGIG and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BGIG vs. SPYV - Drawdown Comparison

The maximum BGIG drawdown since its inception was -13.24%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for BGIG and SPYV.

Drawdown Indicators

	BGIG	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-58.45%	+45.21%
Max Drawdown (1Y) Largest decline over 1 year	-5.81%	-6.22%	+0.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.54%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.89%	—
Current Drawdown Current decline from peak	-0.65%	-1.24%	+0.59%
Average Drawdown Average peak-to-trough decline	-1.75%	-8.70%	+6.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.50%	1.63%	-0.13%

Volatility

BGIG vs. SPYV - Volatility Comparison

The current volatility for Bahl & Gaynor Income Growth ETF (BGIG) is 2.46%, while SPDR Portfolio S&P 500 Value ETF (SPYV) has a volatility of 2.90%. This indicates that BGIG experiences smaller price fluctuations and is considered to be less risky than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGIG	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	2.90%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	6.74%	7.33%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	9.05%	9.97%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.90%	14.38%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.90%	16.93%	-5.03%

BGIG vs. SPYV - Expense Ratio Comparison

BGIG has a 0.45% expense ratio, which is higher than SPYV's 0.04% expense ratio.

Dividends

BGIG vs. SPYV - Dividend Comparison

BGIG's dividend yield for the trailing twelve months is around 1.74%, which matches SPYV's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGIG Bahl & Gaynor Income Growth ETF	1.74%	1.89%	2.02%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYV SPDR Portfolio S&P 500 Value ETF	1.73%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both BGIG and SPYV in my portfolio?

BGIG and SPYV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGIG or SPYV?

SPYV has higher volatility (2.90%) compared to BGIG (2.46%). In terms of maximum drawdown, BGIG dropped -13.24% vs SPYV's -58.45%.

Which ETF is better, BGIG or SPYV?

On 1-year performance, SPYV leads with 20.05% vs 19.97% for BGIG. On fees, SPYV is cheaper at 0.04% per year. On volatility, BGIG has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BGIG or SPYV?

Over the 1-year period, SPYV has performed better with a 20.05% return vs 19.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BGIG or SPYV?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.45% for BGIG.

Which ETF pays a higher dividend yield, BGIG or SPYV?

BGIG and SPYV have nearly identical dividend yields, around 1.74%.

What is the main difference between BGIG and SPYV?

BGIG is categorized as Large Cap Value Equities, while SPYV is S&P 500. They also come from different issuers: Bahl & Gaynor and State Street. Their fees differ too: 0.45% for BGIG and 0.04% for SPYV.

Which has better risk-adjusted returns?

BGIG currently has the higher Sharpe Ratio (2.22 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.