LBWIX vs. SPY
Compare and contrast key facts about BrandywineGLOBAL - Diversified US Large Cap Value Fund (LBWIX) and State Street SPDR S&P 500 ETF (SPY).
LBWIX is managed by Franklin Templeton. It was launched on Sep 7, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
LBWIX vs. SPY - Performance Comparison
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LBWIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LBWIX BrandywineGLOBAL - Diversified US Large Cap Value Fund | 1.48% | 17.38% | 18.59% | 7.42% | -1.56% | 29.74% | -1.41% | 25.66% | -9.05% | 17.79% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, LBWIX achieves a 1.48% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, LBWIX has underperformed SPY with an annualized return of 11.30%, while SPY has yielded a comparatively higher 13.98% annualized return.
LBWIX
- 1D
- 0.05%
- 1M
- -5.06%
- YTD
- 1.48%
- 6M
- 5.48%
- 1Y
- 15.10%
- 3Y*
- 15.44%
- 5Y*
- 10.97%
- 10Y*
- 11.30%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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LBWIX vs. SPY - Expense Ratio Comparison
LBWIX has a 0.84% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
LBWIX vs. SPY — Risk / Return Rank
LBWIX
SPY
LBWIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Diversified US Large Cap Value Fund (LBWIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| LBWIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.93 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.57 | 1.45 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.53 | -0.16 |
Martin ratioReturn relative to average drawdown | 5.57 | 7.30 | -1.72 |
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
| LBWIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.93 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.69 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.56 | +0.10 |
Correlation
The correlation between LBWIX and SPY is 0.87, 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
LBWIX vs. SPY - Dividend Comparison
LBWIX's dividend yield for the trailing twelve months is around 12.27%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LBWIX BrandywineGLOBAL - Diversified US Large Cap Value Fund | 12.27% | 12.45% | 11.18% | 1.90% | 13.87% | 16.48% | 2.89% | 11.13% | 11.30% | 6.47% | 6.95% | 6.82% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
LBWIX vs. SPY - Drawdown Comparison
The maximum LBWIX drawdown since its inception was -38.22%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LBWIX and SPY.
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Drawdown Indicators
| LBWIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.22% | -55.19% | +16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -12.05% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -24.50% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -38.22% | -33.72% | -4.50% |
Current DrawdownCurrent decline from peak | -6.32% | -6.24% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -9.09% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.52% | +0.16% |
Volatility
LBWIX vs. SPY - Volatility Comparison
The current volatility for BrandywineGLOBAL - Diversified US Large Cap Value Fund (LBWIX) is 3.11%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that LBWIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBWIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 5.31% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 9.47% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 19.05% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 17.06% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 17.92% | -0.07% |