SAIA vs. SPYV

Last updated Jun 13, 2026

SAIA (Saia, Inc.) is a stock, while SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index. Over the past 10 years, SAIA returned 34.25%/yr vs 12.08%/yr for SPYV. At a 0.48 correlation, their price movements are largely independent.

Performance

SAIA vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saia, Inc. (SAIA) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAIA achieves a 47.88% return, which is significantly higher than SPYV's 8.25% return. Over the past 10 years, SAIA has outperformed SPYV with an annualized return of 34.25%, while SPYV has yielded a comparatively lower 12.08% annualized return.

SAIA

• 1D: -0.88%
• 1M: 5.13%
• YTD: 47.88%
• 6M: 39.94%
• 1Y: 85.14%
• 3Y*: 15.84%
• 5Y*: 18.61%
• 10Y*: 34.25%

SPYV

• 1D: 0.69%
• 1M: 1.59%
• YTD: 8.25%
• 6M: 8.02%
• 1Y: 21.87%
• 3Y*: 15.13%
• 5Y*: 10.98%
• 10Y*: 12.08%

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

SAIA vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAIA Saia, Inc.	47.88%	-28.35%	4.00%	108.99%	-37.79%	86.41%	94.16%	66.82%	-21.10%	60.25%
SPYV SPDR Portfolio S&P 500 Value ETF	8.25%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%

Correlation

The correlation between SAIA and SPYV 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	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 12, 2002	0.48

The correlation between SAIA and SPYV has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

Return for Risk

SAIA vs. SPYV — Risk / Return Rank

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

SAIA

SAIA Risk / Return Rank: 85
SAIA Sharpe Ratio Rank: 87
SAIA Sortino Ratio Rank: 84
SAIA Omega Ratio Rank: 81
SAIA Calmar Ratio Rank: 87
SAIA Martin Ratio Rank: 87

SPYV

SPYV Risk / Return Rank: 75
SPYV Sharpe Ratio Rank: 75
SPYV Sortino Ratio Rank: 76
SPYV Omega Ratio Rank: 73
SPYV Calmar Ratio Rank: 75
SPYV Martin Ratio Rank: 77

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.

SAIA vs. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saia, Inc. (SAIA) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.

	SAIA	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.08	-0.28
Sortino ratio: Return per unit of downside risk	2.48	2.92	-0.44
Omega ratio: Gain probability vs. loss probability	1.30	1.37	-0.07
Calmar ratio: Return relative to maximum drawdown	3.46	3.33	+0.13
Martin ratio: Return relative to average drawdown	9.08	12.73	-3.65

SAIA vs. SPYV - Sharpe Ratio Comparison

The current SAIA Sharpe Ratio is 1.80, which is comparable to the SPYV Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of SAIA and SPYV, 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

SAIA vs. SPYV - Drawdown Comparison

The maximum SAIA drawdown since its inception was -80.35%, which is greater than SPYV's maximum drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for SAIA and SPYV.

Drawdown Indicators

	SAIA	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-80.35%	-58.45%	-21.90%
Max Drawdown (1Y) Largest decline over 1 year	-24.92%	-6.22%	-18.70%
Max Drawdown (3Y) Largest decline over 3 years	-60.94%	-17.54%	-43.40%
Max Drawdown (5Y) Largest decline over 5 years	-60.94%	-17.89%	-43.05%
Max Drawdown (10Y) Largest decline over 10 years	-60.94%	-36.89%	-24.05%
Current Drawdown Current decline from peak	-20.31%	-0.18%	-20.13%
Average Drawdown Average peak-to-trough decline	-28.96%	-8.71%	-20.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.47%	1.63%	+7.84%

Volatility

SAIA vs. SPYV - Volatility Comparison

Saia, Inc. (SAIA) has a higher volatility of 11.47% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 2.70%. This indicates that SAIA's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAIA	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	2.70%	+8.77%
Volatility (6M) Calculated over the trailing 6-month period	34.98%	7.26%	+27.72%
Volatility (1Y) Calculated over the trailing 1-year period	47.97%	9.97%	+38.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.37%	14.42%	+36.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.75%	16.94%	+28.81%

Dividends

SAIA vs. SPYV - Dividend Comparison

SAIA has not paid dividends to shareholders, while SPYV's dividend yield for the trailing twelve months is around 1.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAIA Saia, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYV SPDR Portfolio S&P 500 Value ETF	1.68%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both SAIA and SPYV in my portfolio?

SAIA and SPYV 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, SAIA or SPYV?

SAIA has higher volatility (11.47%) compared to SPYV (2.70%). In terms of maximum drawdown, SAIA dropped -80.35% vs SPYV's -58.45%.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (2.08 vs 1.80), 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.