LOPP vs. SPMD
LOPP (Gabelli Love Our Planet & People ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both Mid Cap Blend Equities funds. LOPP is actively managed, while SPMD is passively managed. Over the past 5 years, LOPP returned 7.80%/yr vs 8.20%/yr for SPMD. Their correlation of 0.90 suggests significant overlap in exposure. LOPP charges 0.00%/yr vs 0.05%/yr for SPMD.
Performance
LOPP vs. SPMD - Performance Comparison
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Returns By Period
In the year-to-date period, LOPP achieves a 15.77% return, which is significantly higher than SPMD's 14.16% return.
LOPP
- 1D
- -0.10%
- 1M
- 3.39%
- YTD
- 15.77%
- 6M
- 17.00%
- 1Y
- 33.50%
- 3Y*
- 16.93%
- 5Y*
- 7.80%
- 10Y*
- —
SPMD
- 1D
- -0.08%
- 1M
- 3.86%
- YTD
- 14.16%
- 6M
- 14.41%
- 1Y
- 25.49%
- 3Y*
- 16.15%
- 5Y*
- 8.20%
- 10Y*
- 11.51%
LOPP vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LOPP Gabelli Love Our Planet & People ETF | 15.77% | 22.61% | 9.89% | 4.74% | -15.04% | 19.26% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 14.16% | 7.44% | 13.91% | 16.48% | -13.13% | 20.41% |
Correlation
The correlation between LOPP and SPMD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2021 | 0.90 |
The correlation between LOPP and SPMD has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
LOPP vs. SPMD — Risk / Return Rank
LOPP
SPMD
LOPP vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Love Our Planet & People ETF (LOPP) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
| LOPP | SPMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 1.65 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.92 | 2.41 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.89 | +0.56 |
Martin ratioReturn relative to average drawdown | 12.98 | 10.61 | +2.36 |
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
| LOPP | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.65 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.42 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.45 | +0.11 |
Drawdowns
LOPP vs. SPMD - Drawdown Comparison
The maximum LOPP drawdown since its inception was -25.28%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for LOPP and SPMD.
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Drawdown Indicators
| LOPP | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -57.62% | +32.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.77% | -8.86% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -24.08% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.28% | -24.08% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.08% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -8.12% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.41% | +0.18% |
Volatility
LOPP vs. SPMD - Volatility Comparison
Gabelli Love Our Planet & People ETF (LOPP) has a higher volatility of 5.88% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 4.38%. This indicates that LOPP's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOPP | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 4.38% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 11.37% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.32% | 15.57% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 19.70% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 21.18% | -3.49% |
LOPP vs. SPMD - Expense Ratio Comparison
LOPP has a 0.00% expense ratio, which is lower than SPMD's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LOPP vs. SPMD - Dividend Comparison
LOPP's dividend yield for the trailing twelve months is around 0.72%, less than SPMD's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LOPP Gabelli Love Our Planet & People ETF | 0.72% | 0.83% | 1.88% | 2.23% | 2.01% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.23% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
LOPP and SPMD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LOPP has higher volatility (5.88%) compared to SPMD (4.38%). In terms of maximum drawdown, LOPP dropped -25.28% vs SPMD's -57.62%.
On 5-year performance, SPMD leads with 8.20% vs 7.80% for LOPP. On fees, LOPP is cheaper at 0.00% per year. On volatility, SPMD has been the lower-risk option at 4.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SPMD has performed better with a 8.20% return vs 7.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LOPP is cheaper with a 0.00% expense ratio, compared with 0.05% for SPMD.
SPMD has the higher dividend yield at 1.23%, compared with 0.72% for LOPP.
They also come from different issuers: Gabelli and State Street. Their fees differ too: 0.00% for LOPP and 0.05% for SPMD.
LOPP currently has the higher Sharpe Ratio (2.07 vs 1.65), 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.
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