SAP.TO vs. SPYD

Last updated Jun 4, 2026

SAP.TO (Saputo Inc.) is a stock, while SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) is S&P 500 fund tracking the S&P 500 High Dividend Index. Over the past 10 years, SAP.TO returned 2.50%/yr vs 9.38%/yr for SPYD. At a 0.24 correlation, their price movements are largely independent.

Performance

SAP.TO vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Saputo Inc. (SAP.TO) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SAP.TO is traded in CAD, while SPYD is traded in USD. To make them comparable, the SPYD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SAP.TO achieves a 4.36% return, which is significantly lower than SPYD's 11.74% return. Over the past 10 years, SAP.TO has underperformed SPYD with an annualized return of 2.50%, while SPYD has yielded a comparatively higher 9.38% annualized return.

SAP.TO

• 1D: 1.30%
• 1M: 4.61%
• YTD: 4.36%
• 6M: 9.14%
• 1Y: 64.40%
• 3Y*: 9.57%
• 5Y*: 5.19%
• 10Y*: 2.50%

SPYD

• 1D: -0.03%
• 1M: 3.60%
• YTD: 11.74%
• 6M: 10.54%
• 1Y: 17.89%
• 3Y*: 15.70%
• 5Y*: 9.81%
• 10Y*: 9.38%

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

SAP.TO vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SAP.TO Saputo Inc.	4.36%	69.59%	-4.35%	-18.00%	20.36%	-18.33%	-9.55%	4.28%	-11.88%	-3.55%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	11.74%	-0.15%	25.25%	1.63%	5.87%	31.53%	-13.14%	15.24%	3.17%	5.50%

Correlation

The correlation between SAP.TO and SPYD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 23, 2015	0.24

Return for Risk

SAP.TO vs. SPYD — Risk / Return Rank

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

SAP.TO

SAP.TO Risk / Return Rank: 91
SAP.TO Sharpe Ratio Rank: 93
SAP.TO Sortino Ratio Rank: 91
SAP.TO Omega Ratio Rank: 93
SAP.TO Calmar Ratio Rank: 88
SAP.TO Martin Ratio Rank: 92

SPYD

SPYD Risk / Return Rank: 41
SPYD Sharpe Ratio Rank: 39
SPYD Sortino Ratio Rank: 42
SPYD Omega Ratio Rank: 36
SPYD Calmar Ratio Rank: 46
SPYD Martin Ratio Rank: 41

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.

SAP.TO vs. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saputo Inc. (SAP.TO) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.

	SAP.TO	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	2.76	1.54	+1.22
Sortino ratio: Return per unit of downside risk	3.40	2.30	+1.10
Omega ratio: Gain probability vs. loss probability	1.50	1.27	+0.24
Calmar ratio: Return relative to maximum drawdown	4.03	2.72	+1.32
Martin ratio: Return relative to average drawdown	14.94	8.81	+6.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAP.TO vs. SPYD - Sharpe Ratio Comparison

The current SAP.TO Sharpe Ratio is 2.76, which is higher than the SPYD Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of SAP.TO and SPYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SAP.TO	SPYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	1.54	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.70	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.53	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.56	-0.07

Drawdowns

SAP.TO vs. SPYD - Drawdown Comparison

The maximum SAP.TO drawdown since its inception was -44.63%, which is greater than SPYD's maximum drawdown of -41.18%. Use the drawdown chart below to compare losses from any high point for SAP.TO and SPYD.

Drawdown Indicators

	SAP.TO	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-44.63%	-41.18%	-3.45%
Max Drawdown (1Y) Largest decline over 1 year	-16.05%	-6.61%	-9.44%
Max Drawdown (3Y) Largest decline over 3 years	-32.20%	-14.72%	-17.48%
Max Drawdown (5Y) Largest decline over 5 years	-35.29%	-17.57%	-17.72%
Max Drawdown (10Y) Largest decline over 10 years	-44.63%	-41.18%	-3.45%
Current Drawdown Current decline from peak	-4.77%	-0.73%	-4.04%
Average Drawdown Average peak-to-trough decline	-13.86%	-5.34%	-8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	2.04%	+2.29%

Volatility

SAP.TO vs. SPYD - Volatility Comparison

Saputo Inc. (SAP.TO) has a higher volatility of 6.64% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 2.70%. This indicates that SAP.TO's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAP.TO	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	2.70%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	17.38%	8.29%	+9.09%
Volatility (1Y) Calculated over the trailing 1-year period	23.43%	11.65%	+11.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.97%	14.05%	+8.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.58%	17.83%	+4.75%

Dividends

SAP.TO vs. SPYD - Dividend Comparison

SAP.TO's dividend yield for the trailing twelve months is around 1.84%, less than SPYD's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SAP.TO Saputo Inc.	1.84%	1.89%	3.00%	2.72%	2.15%	2.49%	1.94%	1.67%	1.66%	1.37%	1.20%	1.60%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.21%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Frequently Asked Questions

Can I hold both SAP.TO and SPYD in my portfolio?

SAP.TO and SPYD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.