CATH vs. SPYV

Last updated Jun 19, 2026

CATH (Global X S&P 500 Catholic Values ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both S&P 500 funds - CATH tracks the S&P 500 Catholic Values Index while SPYV tracks the S&P 500 Value Index. Both are passively managed. Over the past 10 years, CATH returned 14.83%/yr vs 11.89%/yr for SPYV. Their correlation of 0.82 suggests significant overlap in exposure. CATH charges 0.29%/yr vs 0.04%/yr for SPYV.

Performance

CATH vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P 500 Catholic Values ETF (CATH) 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, CATH achieves a 8.63% return, which is significantly higher than SPYV's 7.55% return. Over the past 10 years, CATH has outperformed SPYV with an annualized return of 14.83%, while SPYV has yielded a comparatively lower 11.89% annualized return.

CATH

• 1D: 1.08%
• 1M: 1.60%
• YTD: 8.63%
• 6M: 9.68%
• 1Y: 23.91%
• 3Y*: 19.32%
• 5Y*: 12.58%
• 10Y*: 14.83%

SPYV

• 1D: 0.21%
• 1M: 1.26%
• YTD: 7.55%
• 6M: 8.01%
• 1Y: 21.24%
• 3Y*: 14.43%
• 5Y*: 11.78%
• 10Y*: 11.89%

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

CATH vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CATH Global X S&P 500 Catholic Values ETF	8.63%	17.08%	23.34%	26.15%	-19.96%	28.87%	18.80%	30.64%	-5.80%	22.83%
SPYV SPDR Portfolio S&P 500 Value ETF	7.55%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%

Correlation

The correlation between CATH and SPYV is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 19, 2016	0.82

The correlation between CATH and SPYV has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

CATH vs. SPYV - Sectors Allocation Comparison

Sectors	CATH	SPYV
Technology	38.9%	22.4%
Financial Services	11.3%	14.5%
Communication Services	10.8%	3.2%
Consumer Cyclical	10.0%	11.1%
Industrials	7.9%	10.5%
Healthcare	7.8%	11.5%
Consumer Defensive	4.5%	8.9%
Energy	3.2%	7.0%
Utilities	2.1%	4.3%
Real Estate	1.8%	3.4%
Basic Materials	1.7%	3.3%

Return for Risk

CATH vs. SPYV — Risk / Return Rank

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

CATH

CATH Risk / Return Rank: 60
CATH Sharpe Ratio Rank: 61
CATH Sortino Ratio Rank: 58
CATH Omega Ratio Rank: 59
CATH Calmar Ratio Rank: 55
CATH Martin Ratio Rank: 65

SPYV

SPYV Risk / Return Rank: 72
SPYV Sharpe Ratio Rank: 72
SPYV Sortino Ratio Rank: 72
SPYV Omega Ratio Rank: 70
SPYV Calmar Ratio Rank: 73
SPYV Martin Ratio Rank: 74

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.

CATH vs. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Catholic Values ETF (CATH) 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.

	CATH	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.14	-0.24
Sortino ratio: Return per unit of downside risk	2.59	2.99	-0.40
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.04
Calmar ratio: Return relative to maximum drawdown	2.55	3.43	-0.88
Martin ratio: Return relative to average drawdown	11.11	13.08	-1.97

CATH vs. SPYV - Sharpe Ratio Comparison

The current CATH Sharpe Ratio is 1.90, which is comparable to the SPYV Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of CATH 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

CATH vs. SPYV - Drawdown Comparison

The maximum CATH drawdown since its inception was -33.95%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for CATH and SPYV.

Drawdown Indicators

	CATH	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-33.95%	-58.45%	+24.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.42%	-6.22%	-3.20%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-17.54%	-1.80%
Max Drawdown (5Y) Largest decline over 5 years	-28.14%	-17.89%	-10.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.95%	-36.89%	+2.94%
Current Drawdown Current decline from peak	-1.37%	-1.17%	-0.20%
Average Drawdown Average peak-to-trough decline	-5.18%	-8.70%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	1.63%	+0.53%

Volatility

CATH vs. SPYV - Volatility Comparison

Global X S&P 500 Catholic Values ETF (CATH) has a higher volatility of 4.54% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.94%. This indicates that CATH's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CATH	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	2.94%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	7.33%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	9.96%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.98%	14.40%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	16.95%	+1.69%

CATH vs. SPYV - Expense Ratio Comparison

CATH has a 0.29% expense ratio, which is higher than SPYV's 0.04% expense ratio.

Dividends

CATH vs. SPYV - Dividend Comparison

CATH's dividend yield for the trailing twelve months is around 0.77%, less than SPYV's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CATH Global X S&P 500 Catholic Values ETF	0.77%	0.84%	0.95%	1.16%	1.34%	1.03%	1.23%	0.68%	2.01%	1.27%	0.50%	0.00%
SPYV SPDR Portfolio S&P 500 Value ETF	1.69%	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 CATH and SPYV in my portfolio?

CATH and SPYV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CATH or SPYV?

CATH has higher volatility (4.54%) compared to SPYV (2.94%). In terms of maximum drawdown, CATH dropped -33.95% vs SPYV's -58.45%.

Which ETF is better, CATH or SPYV?

On 10-year performance, CATH leads with 14.83% vs 11.89% for SPYV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CATH or SPYV?

Over the 10-year period, CATH has performed better with a 14.83% return vs 11.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CATH or SPYV?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.29% for CATH.

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

SPYV has the higher dividend yield at 1.69%, compared with 0.77% for CATH.

What is the main difference between CATH and SPYV?

CATH tracks S&P 500 Catholic Values Index, while SPYV tracks S&P 500 Value Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.29% for CATH and 0.04% for SPYV.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.14 vs 1.90), 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.