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ESIX vs. SPSM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESIX vs. SPSM

Last updated Jun 25, 2026

ESIX (SPDR S&P SmallCap 600 ESG ETF) and SPSM (State Street SPDR Portfolio S&P 600 Small Cap ETF) are both Small Cap Blend Equities funds from State Street - ESIX tracks the S&P SmallCap 600 ESG Index while SPSM tracks the S&P SmallCap 600 Index. Both are passively managed. With a 0.98 correlation, they move nearly in lockstep. ESIX charges 0.12%/yr vs 0.03%/yr for SPSM.

Performance

ESIX vs. SPSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P SmallCap 600 ESG ETF (ESIX) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

ESIX

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

SPSM

1D
1.12%
1M
5.43%
YTD
20.66%
6M
17.75%
1Y
34.79%
3Y*
16.69%
5Y*
6.58%
10Y*
11.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIX vs. SPSM - Yearly Performance Comparison

2026 (YTD)2025202420232022
ESIX
SPDR S&P SmallCap 600 ESG ETF		10.83%1.83%9.66%17.51%-13.44%
SPSM
State Street SPDR Portfolio S&P 600 Small Cap ETF		20.66%6.11%8.55%16.11%-14.79%

Correlation

The correlation between ESIX and SPSM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Jan 11, 2022

0.98

The correlation between ESIX and SPSM has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

ESIX vs. SPSM - Sectors Allocation Comparison

Sectors
ESIX
SPSM

Industrials

17.2%
15.2%

Financial Services

17.0%
16.5%

Technology

16.6%
17.1%

Consumer Cyclical

12.4%
13.1%

Healthcare

10.8%
11.0%

Real Estate

6.9%
7.6%

Energy

6.7%
5.4%

Basic Materials

4.4%
5.0%

Consumer Defensive

3.0%
3.6%

Communication Services

2.9%
3.7%

Utilities

2.0%
1.9%

Industrials

ESIX
17.2%
SPSM
15.2%

Financial Services

ESIX
17.0%
SPSM
16.5%

Technology

ESIX
16.6%
SPSM
17.1%

Consumer Cyclical

ESIX
12.4%
SPSM
13.1%

Healthcare

ESIX
10.8%
SPSM
11.0%

Real Estate

ESIX
6.9%
SPSM
7.6%

Energy

ESIX
6.7%
SPSM
5.4%

Basic Materials

ESIX
4.4%
SPSM
5.0%

Consumer Defensive

ESIX
3.0%
SPSM
3.6%

Communication Services

ESIX
2.9%
SPSM
3.7%

Utilities

ESIX
2.0%
SPSM
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P SmallCap 600 ESG ETF

State Street SPDR Portfolio S&P 600 Small Cap ETF

Often compared with ESIX:
ESIX vs. XJRESIX vs. VBRESIX vs. IWMESIX vs. FYXESIX vs. FDMESIX vs. FNDCESIX vs. VAMO
Often compared with SPSM:
SPSM vs. IWMSPSM vs. IJRSPSM vs. AVUVSPSM vs. VBSPSM vs. SCHASPSM vs. VIOOSPSM vs. DFSCX

Return for Risk

ESIX vs. SPSM — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPSM
SPSM Risk / Return Rank: 7373
Overall Rank
SPSM Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
SPSM Sortino Ratio Rank: 7171
Sortino Ratio Rank
SPSM Omega Ratio Rank: 6363
Omega Ratio Rank
SPSM Calmar Ratio Rank: 8383
Calmar Ratio Rank
SPSM Martin Ratio Rank: 7878
Martin Ratio Rank
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.

ESIX vs. SPSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P SmallCap 600 ESG ETF (ESIX) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM). 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.

ESIXSPSMDifference
Sharpe ratioReturn per unit of total volatility

—

1.98

—

Sortino ratioReturn per unit of downside risk

—

2.86

—

Omega ratioGain probability vs. loss probability

—

1.34

—

Calmar ratioReturn relative to maximum drawdown

—

4.01

—

Martin ratioReturn relative to average drawdown

—

13.53

—

ESIX vs. SPSM - Sharpe Ratio Comparison

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Drawdowns

ESIX vs. SPSM - Drawdown Comparison

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Drawdown Indicators

ESIXSPSMDifference

Max Drawdown

Largest peak-to-trough decline

—

-42.89%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-8.72%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-27.94%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.94%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.89%

—

Current Drawdown

Current decline from peak

—

0.00%

—

Average Drawdown

Average peak-to-trough decline

—

-7.89%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.58%

—

Volatility

ESIX vs. SPSM - Volatility Comparison

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Volatility by Period

ESIXSPSMDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

4.98%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

12.08%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

17.64%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

21.42%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

22.99%

—

ESIX vs. SPSM - Expense Ratio Comparison

ESIX has a 0.12% expense ratio, which is higher than SPSM's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ESIX vs. SPSM - Dividend Comparison

ESIX's dividend yield for the trailing twelve months is around 1.05%, less than SPSM's 1.40% yield.

PositionTTM20252024202320222021202020192018201720162015
ESIX
SPDR S&P SmallCap 600 ESG ETF		1.05%1.64%1.65%1.69%1.54%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPSM
State Street SPDR Portfolio S&P 600 Small Cap ETF		1.40%1.62%1.85%1.61%1.38%1.40%1.34%1.58%1.82%1.51%1.49%2.37%

Frequently Asked Questions

With a correlation of 0.91, ESIX and SPSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, SPSM is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPSM is cheaper with a 0.03% expense ratio, compared with 0.12% for ESIX.

SPSM has the higher dividend yield at 1.40%, compared with 1.05% for ESIX.

ESIX tracks S&P SmallCap 600 ESG Index, while SPSM tracks S&P SmallCap 600 Index. Their fees differ too: 0.12% for ESIX and 0.03% for SPSM.

Portfolio Optimizer

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