RLY vs. VTV

Last updated Jun 13, 2026

RLY (SPDR SSgA Multi-Asset Real Return ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - RLY is a Hedge Fund fund actively managed by State Street, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. RLY is actively managed, while VTV is passively managed. Over the past 10 years, RLY returned 8.43%/yr vs 12.78%/yr for VTV. A 0.69 correlation means they provide meaningful diversification when combined. RLY charges 0.50%/yr vs 0.04%/yr for VTV.

Performance

RLY vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSgA Multi-Asset Real Return ETF (RLY) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RLY having a 15.03% return and VTV slightly lower at 14.29%. Over the past 10 years, RLY has underperformed VTV with an annualized return of 8.43%, while VTV has yielded a comparatively higher 12.78% annualized return.

RLY

• 1D: 0.47%
• 1M: -3.14%
• YTD: 15.03%
• 6M: 15.93%
• 1Y: 27.41%
• 3Y*: 13.98%
• 5Y*: 9.93%
• 10Y*: 8.43%

VTV

• 1D: 0.93%
• 1M: 4.18%
• YTD: 14.29%
• 6M: 13.99%
• 1Y: 26.89%
• 3Y*: 18.16%
• 5Y*: 11.76%
• 10Y*: 12.78%

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

RLY vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RLY SPDR SSgA Multi-Asset Real Return ETF	15.03%	20.26%	2.53%	2.56%	7.86%	22.85%	-0.59%	15.63%	-11.72%	10.40%
VTV Vanguard Value ETF	14.29%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between RLY and VTV is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012	0.69

The correlation between RLY and VTV shifts across timeframes, from 0.52 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

RLY vs. VTV - Sectors Allocation Comparison

Sectors	RLY	VTV
Energy	30.1%	8.1%
Basic Materials	25.1%	3.1%
Industrials	16.5%	14.0%
Utilities	15.9%	5.2%
Real Estate	5.4%	2.8%
Consumer Defensive	3.6%	9.4%
Consumer Cyclical	2.6%	4.0%
Healthcare	0.8%	14.5%
Financial Services	0.0%	22.3%
Communication Services	-	3.3%
Technology	-	13.4%

Return for Risk

RLY vs. VTV — Risk / Return Rank

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

RLY

RLY Risk / Return Rank: 91
RLY Sharpe Ratio Rank: 90
RLY Sortino Ratio Rank: 89
RLY Omega Ratio Rank: 89
RLY Calmar Ratio Rank: 94
RLY Martin Ratio Rank: 94

VTV

VTV Risk / Return Rank: 88
VTV Sharpe Ratio Rank: 89
VTV Sortino Ratio Rank: 90
VTV Omega Ratio Rank: 87
VTV Calmar Ratio Rank: 87
VTV Martin Ratio Rank: 87

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.

RLY vs. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) and Vanguard Value ETF (VTV). 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.

	RLY	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.61	+0.05
Sortino ratio: Return per unit of downside risk	3.61	3.71	-0.10
Omega ratio: Gain probability vs. loss probability	1.49	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	5.95	4.25	+1.70
Martin ratio: Return relative to average drawdown	22.94	16.04	+6.90

RLY vs. VTV - Sharpe Ratio Comparison

The current RLY Sharpe Ratio is 2.66, which is comparable to the VTV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of RLY and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RLY vs. VTV - Drawdown Comparison

The maximum RLY drawdown since its inception was -37.75%, smaller than the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for RLY and VTV.

Drawdown Indicators

	RLY	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-37.75%	-59.27%	+21.52%
Max Drawdown (1Y) Largest decline over 1 year	-4.63%	-6.35%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-10.08%	-14.52%	+4.44%
Max Drawdown (5Y) Largest decline over 5 years	-18.94%	-17.04%	-1.90%
Max Drawdown (10Y) Largest decline over 10 years	-34.17%	-36.78%	+2.61%
Current Drawdown Current decline from peak	-3.37%	0.00%	-3.37%
Average Drawdown Average peak-to-trough decline	-9.44%	-7.86%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.20%	1.68%	-0.48%

Volatility

RLY vs. VTV - Volatility Comparison

SPDR SSgA Multi-Asset Real Return ETF (RLY) and Vanguard Value ETF (VTV) have volatilities of 3.25% and 3.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RLY	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	3.34%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	8.47%	7.82%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	10.38%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.57%	13.92%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.82%	16.68%	-2.86%

RLY vs. VTV - Expense Ratio Comparison

RLY has a 0.50% expense ratio, which is higher than VTV's 0.04% expense ratio.

Dividends

RLY vs. VTV - Dividend Comparison

RLY's dividend yield for the trailing twelve months is around 2.92%, more than VTV's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RLY SPDR SSgA Multi-Asset Real Return ETF	2.92%	3.24%	3.31%	3.71%	5.66%	12.15%	2.16%	3.45%	2.76%	1.85%	2.07%	1.80%
VTV Vanguard Value ETF	1.83%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both RLY and VTV in my portfolio?

RLY and VTV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RLY or VTV?

VTV has higher volatility (3.34%) compared to RLY (3.25%). In terms of maximum drawdown, RLY dropped -37.75% vs VTV's -59.27%.

Which ETF is better, RLY or VTV?

On 10-year performance, VTV leads with 12.78% vs 8.43% for RLY. On fees, VTV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RLY or VTV?

Over the 10-year period, VTV has performed better with a 12.78% return vs 8.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RLY or VTV?

VTV is cheaper with a 0.04% expense ratio, compared with 0.50% for RLY.

Which ETF pays a higher dividend yield, RLY or VTV?

RLY has the higher dividend yield at 2.92%, compared with 1.83% for VTV.

What is the main difference between RLY and VTV?

RLY is categorized as Hedge Fund, while VTV is Large Cap Value Equities. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.50% for RLY and 0.04% for VTV.

Which has better risk-adjusted returns?

RLY currently has the higher Sharpe Ratio (2.66 vs 2.61), 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.