REBYX vs. SPY
Compare and contrast key facts about Russell Investments U.S. Small Cap Equity Fund (REBYX) and State Street SPDR S&P 500 ETF (SPY).
REBYX is managed by Russell. It was launched on Mar 29, 2000. 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
REBYX vs. SPY - Performance Comparison
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REBYX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REBYX Russell Investments U.S. Small Cap Equity Fund | 2.15% | 8.86% | 8.16% | 13.81% | -16.14% | 26.28% | 13.04% | 23.74% | -12.22% | 2.12% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 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, REBYX achieves a 2.15% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, REBYX has underperformed SPY with an annualized return of 8.32%, while SPY has yielded a comparatively higher 14.06% annualized return.
REBYX
- 1D
- 3.03%
- 1M
- -5.18%
- YTD
- 2.15%
- 6M
- 6.27%
- 1Y
- 22.41%
- 3Y*
- 10.27%
- 5Y*
- 4.00%
- 10Y*
- 8.32%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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REBYX vs. SPY - Expense Ratio Comparison
REBYX has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
REBYX vs. SPY — Risk / Return Rank
REBYX
SPY
REBYX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Russell Investments U.S. Small Cap Equity Fund (REBYX) 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.
| REBYX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.96 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.49 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.53 | +0.05 |
Martin ratioReturn relative to average drawdown | 6.36 | 7.27 | -0.91 |
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
| REBYX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.96 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.70 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.79 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.56 | -0.25 |
Correlation
The correlation between REBYX and SPY is 0.85, 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
REBYX vs. SPY - Dividend Comparison
REBYX's dividend yield for the trailing twelve months is around 8.11%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REBYX Russell Investments U.S. Small Cap Equity Fund | 8.11% | 8.28% | 13.03% | 2.64% | 5.30% | 31.12% | 0.64% | 4.46% | 18.61% | 0.33% | 0.88% | 8.23% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
REBYX vs. SPY - Drawdown Comparison
The maximum REBYX drawdown since its inception was -62.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for REBYX and SPY.
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Drawdown Indicators
| REBYX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.03% | -55.19% | -6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.85% | -12.05% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | -24.50% | -8.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.79% | -33.72% | -11.07% |
Current DrawdownCurrent decline from peak | -6.41% | -5.53% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -9.09% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.54% | +0.90% |
Volatility
REBYX vs. SPY - Volatility Comparison
Russell Investments U.S. Small Cap Equity Fund (REBYX) has a higher volatility of 6.85% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that REBYX's price experiences larger fluctuations and is considered to be riskier 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
| REBYX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 5.35% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 9.50% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.31% | 19.06% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.79% | 17.06% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 17.92% | +5.57% |