DECO vs. SPYM

Last updated Jun 23, 2026

DECO (State Street Galaxy Digital Asset Ecosystem ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - DECO is a Blockchain fund actively managed by State Street, while SPYM is a S&P 500 fund tracking the S&P 500 Index. DECO is actively managed, while SPYM is passively managed. Over the past year, DECO returned 168.39% vs 26.75% for SPYM. A 0.70 correlation means they provide meaningful diversification when combined. DECO charges 0.65%/yr vs 0.02%/yr for SPYM.

Performance

DECO vs. SPYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Digital Asset Ecosystem ETF (DECO) and State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECO achieves a 82.53% return, which is significantly higher than SPYM's 9.79% return.

DECO

• 1D: 0.37%
• 1M: 16.71%
• YTD: 82.53%
• 6M: 72.36%
• 1Y: 168.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYM

• 1D: -0.32%
• 1M: 0.12%
• YTD: 9.79%
• 6M: 9.30%
• 1Y: 26.75%
• 3Y*: 21.36%
• 5Y*: 13.59%
• 10Y*: 15.78%

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

DECO vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	82.53%	42.48%	31.48%
SPYM State Street SPDR Portfolio S&P 500 ETF	9.79%	17.79%	7.98%

Correlation

The correlation between DECO and SPYM is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.70

The correlation between DECO and SPYM has been stable across timeframes, ranging from 0.70 to 0.70 - a consistent structural relationship.

DECO vs. SPYM - Sectors Allocation Comparison

Sectors	DECO	SPYM
Technology	55.3%	38.0%
Financial Services	39.5%	11.9%
Industrials	5.2%	8.0%
Basic Materials	1.8%	1.8%
Communication Services	-	10.1%
Consumer Cyclical	-	9.4%
Consumer Defensive	-	4.6%
Energy	-	3.1%
Healthcare	-	8.5%
Real Estate	-	1.8%
Utilities	-	2.6%

Return for Risk

DECO vs. SPYM — Risk / Return Rank

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

DECO

DECO Risk / Return Rank: 90
DECO Sharpe Ratio Rank: 96
DECO Sortino Ratio Rank: 89
DECO Omega Ratio Rank: 85
DECO Calmar Ratio Rank: 94
DECO Martin Ratio Rank: 88

SPYM

SPYM Risk / Return Rank: 68
SPYM Sharpe Ratio Rank: 70
SPYM Sortino Ratio Rank: 67
SPYM Omega Ratio Rank: 69
SPYM Calmar Ratio Rank: 63
SPYM 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.

DECO vs. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.

	DECO	SPYM	Difference
Sharpe ratio: Return per unit of total volatility	3.78	2.17	+1.61
Sortino ratio: Return per unit of downside risk	3.88	2.93	+0.94
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.10
Calmar ratio: Return relative to maximum drawdown	6.62	3.02	+3.60
Martin ratio: Return relative to average drawdown	18.43	13.57	+4.86

DECO vs. SPYM - Sharpe Ratio Comparison

The current DECO Sharpe Ratio is 3.78, which is higher than the SPYM Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of DECO and SPYM, 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

DECO vs. SPYM - Drawdown Comparison

The maximum DECO drawdown since its inception was -47.71%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for DECO and SPYM.

Drawdown Indicators

	DECO	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-54.46%	+6.75%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-8.90%	-16.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	0.00%	-1.73%	+1.73%
Average Drawdown Average peak-to-trough decline	-11.44%	-7.14%	-4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.18%	1.98%	+7.20%

Volatility

DECO vs. SPYM - Volatility Comparison

State Street Galaxy Digital Asset Ecosystem ETF (DECO) has a higher volatility of 12.48% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 4.61%. This indicates that DECO's price experiences larger fluctuations and is considered to be riskier than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECO	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.48%	4.61%	+7.87%
Volatility (6M) Calculated over the trailing 6-month period	33.97%	9.74%	+24.23%
Volatility (1Y) Calculated over the trailing 1-year period	44.90%	12.39%	+32.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.35%	16.89%	+34.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.35%	18.05%	+33.30%

DECO vs. SPYM - Expense Ratio Comparison

DECO has a 0.65% expense ratio, which is higher than SPYM's 0.02% expense ratio.

Dividends

DECO vs. SPYM - Dividend Comparison

DECO's dividend yield for the trailing twelve months is around 0.63%, less than SPYM's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.63%	1.16%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.28%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both DECO and SPYM in my portfolio?

DECO and SPYM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DECO or SPYM?

DECO has higher volatility (12.48%) compared to SPYM (4.61%). In terms of maximum drawdown, DECO dropped -47.71% vs SPYM's -54.46%.

Which ETF is better, DECO or SPYM?

On 1-year performance, DECO leads with 168.39% vs 26.75% for SPYM. On fees, SPYM is cheaper at 0.02% per year. On volatility, SPYM has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECO or SPYM?

Over the 1-year period, DECO has performed better with a 168.39% return vs 26.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECO or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.65% for DECO.

Which ETF pays a higher dividend yield, DECO or SPYM?

SPYM has the higher dividend yield at 1.28%, compared with 0.63% for DECO.

What is the main difference between DECO and SPYM?

DECO is categorized as Blockchain, while SPYM is S&P 500. Their fees differ too: 0.65% for DECO and 0.02% for SPYM.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (3.78 vs 2.17), 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.