PRSD vs. SPY
PRSD (State Street Short Duration IG Public & Private Credit ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - PRSD is a Short-Term Bond fund actively managed by State Street, while SPY is a S&P 500 fund tracking the S&P 500 Index. PRSD is actively managed, while SPY is passively managed. At a 0.25 correlation, their price movements are largely independent. PRSD charges 0.45%/yr vs 0.09%/yr for SPY.
Performance
PRSD vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, PRSD achieves a 1.30% return, which is significantly lower than SPY's 8.83% return.
PRSD
- 1D
- -0.06%
- 1M
- -0.11%
- 6M
- 1.20%
- YTD
- 1.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPY
- 1D
- -1.23%
- 1M
- 0.63%
- 6M
- 7.71%
- YTD
- 8.83%
- 1Y
- 17.68%
- 3Y*
- 19.04%
- 5Y*
- 12.42%
- 10Y*
- 14.87%
- ALL TIME*
- 10.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.31M | $4.98M | $3.51M | |
| $33.29B | $36.36B | $38.53B |
PRSD vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PRSD State Street Short Duration IG Public & Private Credit ETF | 1.30% | 1.13% |
SPY State Street SPDR S&P 500 ETF | 8.83% | 5.46% |
Correlation
The correlation between PRSD and SPY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.25 |
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Return for Risk
PRSD vs. SPY — Risk / Return Rank
PRSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPY
PRSD vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Short Duration IG Public & Private Credit ETF (PRSD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRSD | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.63 | — |
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Drawdowns
PRSD vs. SPY - Drawdown Comparison
The maximum PRSD drawdown since its inception was -0.73%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PRSD and SPY.
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Drawdown Indicators
| PRSD | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.73% | -55.19% | +54.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -0.43% | -2.57% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -0.12% | -9.02% | +8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.05% | — |
Volatility
PRSD vs. SPY - Volatility Comparison
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Volatility by Period
| PRSD | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.64% | 12.71% | -11.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.64% | 17.16% | -15.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 17.93% | -16.29% |
PRSD vs. SPY - Expense Ratio Comparison
PRSD has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Dividends
PRSD vs. SPY - Dividend Comparison
PRSD's dividend yield for the trailing twelve months is around 3.32%, more than SPY's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSD State Street Short Duration IG Public & Private Credit ETF | 3.32% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.02% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
PRSD and SPY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY is cheaper with a 0.09% expense ratio, compared with 0.45% for PRSD.
PRSD has the higher dividend yield at 3.32%, compared with 1.02% for SPY.
PRSD is categorized as Short-Term Bond, while SPY is S&P 500. Their fees differ too: 0.45% for PRSD and 0.09% for SPY.
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