LVLN vs. SPYM

Last updated Jun 6, 2026

LVLN (SPDR S&P Leveraged Loan ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - LVLN is a Bank Loan fund tracking the S&P USD Select Leveraged Loan Index, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. LVLN charges 0.40%/yr vs 0.02%/yr for SPYM.

Performance

LVLN vs. SPYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Leveraged Loan ETF (LVLN) and State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVLN achieves a 0.80% return, which is significantly lower than SPYM's 8.48% return.

LVLN

• 1D: -0.10%
• 1M: 0.25%
• YTD: 0.80%
• 6M: 1.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYM

• 1D: -2.58%
• 1M: 0.82%
• YTD: 8.48%
• 6M: 8.21%
• 1Y: 24.61%
• 3Y*: 21.54%
• 5Y*: 13.39%
• 10Y*: 15.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LVLN vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025
LVLN SPDR S&P Leveraged Loan ETF	0.80%	1.20%
SPYM State Street SPDR Portfolio S&P 500 ETF	8.48%	3.57%

Correlation

The correlation between LVLN and SPYM is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.51

Return for Risk

LVLN vs. SPYM — Risk / Return Rank

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

SPYM

SPYM Risk / Return Rank: 66
SPYM Sharpe Ratio Rank: 66
SPYM Sortino Ratio Rank: 64
SPYM Omega Ratio Rank: 67
SPYM Calmar Ratio Rank: 60
SPYM Martin Ratio Rank: 73

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.

LVLN vs. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Leveraged Loan ETF (LVLN) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.

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

Sharpe Ratios by Period

	LVLN	SPYM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.15	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.61	+0.74

Drawdowns

LVLN vs. SPYM - Drawdown Comparison

The maximum LVLN drawdown since its inception was -2.34%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for LVLN and SPYM.

Drawdown Indicators

	LVLN	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-2.34%	-54.46%	+52.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-0.36%	-2.90%	+2.54%
Average Drawdown Average peak-to-trough decline	-0.55%	-7.15%	+6.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.92%	—

Volatility

Volatility by Period

	LVLN	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.78%	12.09%	-9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	16.83%	-14.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	18.02%	-15.24%

LVLN vs. SPYM - Expense Ratio Comparison

LVLN has a 0.40% expense ratio, which is higher than SPYM's 0.02% expense ratio.

Dividends

LVLN vs. SPYM - Dividend Comparison

LVLN's dividend yield for the trailing twelve months is around 3.72%, more than SPYM's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LVLN SPDR S&P Leveraged Loan ETF	3.72%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.02%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both LVLN and SPYM in my portfolio?

LVLN and SPYM have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LVLN or SPYM?

On fees, SPYM is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LVLN or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.40% for LVLN.

Which ETF pays a higher dividend yield, LVLN or SPYM?

LVLN has the higher dividend yield at 3.72%, compared with 1.02% for SPYM.

What is the main difference between LVLN and SPYM?

LVLN is categorized as Bank Loan, while SPYM is S&P 500. LVLN tracks S&P USD Select Leveraged Loan Index, while SPYM tracks S&P 500 Index. Their fees differ too: 0.40% for LVLN and 0.02% for SPYM.