PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ESIX vs. SPYD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESIX vs. SPYD

Last updated Jun 25, 2026

ESIX (SPDR S&P SmallCap 600 ESG ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - ESIX is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 ESG Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. A 0.78 correlation means they provide meaningful diversification when combined. ESIX charges 0.12%/yr vs 0.07%/yr for SPYD.

Performance

ESIX vs. SPYD - 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 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

ESIX

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

SPYD

1D
0.27%
1M
1.28%
YTD
12.86%
6M
12.37%
1Y
17.98%
3Y*
15.26%
5Y*
7.92%
10Y*
8.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIX vs. SPYD - Yearly Performance Comparison

2026 (YTD)2025202420232022
ESIX
SPDR S&P SmallCap 600 ESG ETF		10.83%1.83%9.66%17.51%-13.44%
SPYD
State Street SPDR Portfolio S&P 500 High Dividend ETF		12.86%4.65%15.34%3.91%-4.93%

Correlation

The correlation between ESIX and SPYD is 0.65, 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

0.65

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

0.73

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

0.78

The correlation between ESIX and SPYD shifts across timeframes, from 0.65 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

ESIX vs. SPYD - Sectors Allocation Comparison

Sectors
ESIX
SPYD

Industrials

17.2%
2.3%

Financial Services

17.0%
11.9%

Technology

16.6%
3.2%

Consumer Cyclical

12.4%
7.3%

Healthcare

10.8%
5.3%

Real Estate

6.9%
26.5%

Energy

6.7%
8.5%

Basic Materials

4.4%
3.0%

Consumer Defensive

3.0%
16.0%

Communication Services

2.9%
4.8%

Utilities

2.0%
11.2%

Industrials

ESIX
17.2%
SPYD
2.3%

Financial Services

ESIX
17.0%
SPYD
11.9%

Technology

ESIX
16.6%
SPYD
3.2%

Consumer Cyclical

ESIX
12.4%
SPYD
7.3%

Healthcare

ESIX
10.8%
SPYD
5.3%

Real Estate

ESIX
6.9%
SPYD
26.5%

Energy

ESIX
6.7%
SPYD
8.5%

Basic Materials

ESIX
4.4%
SPYD
3.0%

Consumer Defensive

ESIX
3.0%
SPYD
16.0%

Communication Services

ESIX
2.9%
SPYD
4.8%

Utilities

ESIX
2.0%
SPYD
11.2%

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 500 High Dividend ETF

Often compared with ESIX:
ESIX vs. XJRESIX vs. VBRESIX vs. IWMESIX vs. FYXESIX vs. FDMESIX vs. FNDCESIX vs. VAMO
Often compared with SPYD:
SPYD vs. SCHDSPYD vs. SPYSPYD vs. VYMSPYD vs. SPYISPYD vs. HDVSPYD vs. JEPISPYD vs. SPHD

Return for Risk

ESIX vs. SPYD — 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.

SPYD
SPYD Risk / Return Rank: 5050
Overall Rank
SPYD Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
SPYD Sortino Ratio Rank: 5252
Sortino Ratio Rank
SPYD Omega Ratio Rank: 4444
Omega Ratio Rank
SPYD Calmar Ratio Rank: 5858
Calmar Ratio Rank
SPYD Martin Ratio Rank: 4848
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. SPYD - 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 500 High Dividend ETF (SPYD). 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.

ESIXSPYDDifference
Sharpe ratioReturn per unit of total volatility

—

1.52

—

Sortino ratioReturn per unit of downside risk

—

2.28

—

Omega ratioGain probability vs. loss probability

—

1.26

—

Calmar ratioReturn relative to maximum drawdown

—

2.56

—

Martin ratioReturn relative to average drawdown

—

7.37

—

ESIX vs. SPYD - Sharpe Ratio Comparison

Loading charts...

Drawdowns

ESIX vs. SPYD - Drawdown Comparison

Loading charts...

Drawdown Indicators

ESIXSPYDDifference

Max Drawdown

Largest peak-to-trough decline

—

-46.42%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-7.05%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-16.13%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-22.25%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-46.42%

—

Current Drawdown

Current decline from peak

—

-1.62%

—

Average Drawdown

Average peak-to-trough decline

—

-6.14%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.45%

—

Volatility

ESIX vs. SPYD - Volatility Comparison

Loading charts...

Volatility by Period

ESIXSPYDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.56%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

8.04%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

11.86%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

16.07%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

19.78%

—

ESIX vs. SPYD - Expense Ratio Comparison

ESIX has a 0.12% expense ratio, which is higher than SPYD's 0.07% 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. SPYD - Dividend Comparison

ESIX's dividend yield for the trailing twelve months is around 1.05%, less than SPYD's 4.25% 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%
SPYD
State Street SPDR Portfolio S&P 500 High Dividend ETF		4.25%4.52%4.31%4.66%5.01%3.68%4.95%4.42%4.75%4.63%4.34%1.13%

Frequently Asked Questions

ESIX and SPYD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPYD is cheaper with a 0.07% expense ratio, compared with 0.12% for ESIX.

SPYD has the higher dividend yield at 4.25%, compared with 1.05% for ESIX.

ESIX is categorized as Small Cap Blend Equities, while SPYD is S&P 500. ESIX tracks S&P SmallCap 600 ESG Index, while SPYD tracks S&P 500 High Dividend Index. Their fees differ too: 0.12% for ESIX and 0.07% for SPYD.

Portfolio Optimizer

Find the right allocation for ESIX and SPYD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer