INKM vs. SPYD
Compare and contrast key facts about SPDR SSgA Income Allocation ETF (INKM) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
INKM and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015.
Performance
INKM vs. SPYD - Performance Comparison
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INKM vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 2.48% | 11.86% | 5.70% | 10.26% | -12.58% | 8.52% | 3.11% | 17.12% | -5.32% | 13.95% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 5.92% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
Returns By Period
In the year-to-date period, INKM achieves a 2.48% return, which is significantly lower than SPYD's 5.92% return. Over the past 10 years, INKM has underperformed SPYD with an annualized return of 5.48%, while SPYD has yielded a comparatively higher 8.45% annualized return.
INKM
- 1D
- 0.20%
- 1M
- -3.01%
- YTD
- 2.48%
- 6M
- 3.39%
- 1Y
- 10.75%
- 3Y*
- 8.82%
- 5Y*
- 4.13%
- 10Y*
- 5.48%
SPYD
- 1D
- -0.37%
- 1M
- -4.38%
- YTD
- 5.92%
- 6M
- 4.97%
- 1Y
- 7.58%
- 3Y*
- 11.05%
- 5Y*
- 7.71%
- 10Y*
- 8.45%
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INKM vs. SPYD - Expense Ratio Comparison
INKM has a 0.50% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Return for Risk
INKM vs. SPYD — Risk / Return Rank
INKM
SPYD
INKM vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Income Allocation ETF (INKM) and 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.
| INKM | SPYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 0.49 | +0.89 |
Sortino ratioReturn per unit of downside risk | 1.95 | 0.78 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.10 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.59 | +1.34 |
Martin ratioReturn relative to average drawdown | 8.53 | 2.09 | +6.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INKM | SPYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 0.49 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.48 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.43 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.45 | +0.10 |
Correlation
The correlation between INKM and SPYD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
INKM vs. SPYD - Dividend Comparison
INKM's dividend yield for the trailing twelve months is around 5.01%, more than SPYD's 4.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 5.01% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.38% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Drawdowns
INKM vs. SPYD - Drawdown Comparison
The maximum INKM drawdown since its inception was -28.58%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for INKM and SPYD.
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Drawdown Indicators
| INKM | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -46.42% | +17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -12.35% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.18% | -22.25% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -46.42% | +17.84% |
Current DrawdownCurrent decline from peak | -3.21% | -4.70% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -6.24% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.47% | -2.17% |
Volatility
INKM vs. SPYD - Volatility Comparison
SPDR SSgA Income Allocation ETF (INKM) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 2.97% and 3.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INKM | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 3.03% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.62% | 8.61% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 15.67% | -7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.30% | 16.24% | -7.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 19.80% | -10.03% |