PARA vs. SPYG

Last updated Jun 5, 2026

PARA (Paramount Global Class B) is a stock, while SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) is S&P 500 fund tracking the S&P 500 Growth Index. At a 0.47 correlation, their price movements are largely independent.

Performance

PARA vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Paramount Global Class B (PARA) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PARA

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

SPYG

• 1D: -0.02%
• 1M: 6.54%
• YTD: 13.73%
• 6M: 13.08%
• 1Y: 33.66%
• 3Y*: 28.20%
• 5Y*: 16.07%
• 10Y*: 18.16%

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

PARA vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PARA Paramount Global Class B	0.00%	6.45%	-27.96%	-10.43%	-41.80%	-17.17%	-7.58%	-2.34%	-24.86%	-6.17%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	13.73%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	30.84%	-0.12%	27.24%

Correlation

The correlation between PARA and SPYG is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.47

The correlation between PARA and SPYG shifts across timeframes, from -0.02 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PARA vs. SPYG — Risk / Return Rank

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

SPYG

SPYG Risk / Return Rank: 60
SPYG Sharpe Ratio Rank: 65
SPYG Sortino Ratio Rank: 63
SPYG Omega Ratio Rank: 61
SPYG Calmar Ratio Rank: 51
SPYG Martin Ratio Rank: 58

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.

PARA vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Paramount Global Class B (PARA) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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

	PARA	SPYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.35	—

Drawdowns

Drawdown Indicators

	PARA	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	—	-67.63%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.67%	—
Current Drawdown Current decline from peak	—	-1.15%	—
Average Drawdown Average peak-to-trough decline	—	-24.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.32%	—

Volatility

Volatility by Period

	PARA	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.06%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.16%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.64%	—

Dividends

PARA vs. SPYG - Dividend Comparison

PARA's dividend yield for the trailing twelve months is around 0.45%, less than SPYG's 0.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PARA Paramount Global Class B	0.45%	0.91%	1.91%	2.64%	5.69%	3.18%	2.58%	1.86%	1.65%	1.22%	1.04%	1.27%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.47%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Frequently Asked Questions

Can I hold both PARA and SPYG in my portfolio?

PARA and SPYG have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.