SASMX vs. SPY
Compare and contrast key facts about ClearBridge Small Cap Growth Fund (SASMX) and State Street SPDR S&P 500 ETF (SPY).
SASMX is managed by Franklin Templeton. It was launched on Jul 1, 1998. 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
SASMX vs. SPY - Performance Comparison
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SASMX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SASMX ClearBridge Small Cap Growth Fund | -5.57% | 9.52% | 12.95% | 8.64% | -28.82% | 12.11% | 43.54% | 25.31% | 3.77% | 24.98% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 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, SASMX achieves a -5.57% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, SASMX has underperformed SPY with an annualized return of 10.53%, while SPY has yielded a comparatively higher 13.98% annualized return.
SASMX
- 1D
- -1.99%
- 1M
- -10.34%
- YTD
- -5.57%
- 6M
- -7.76%
- 1Y
- 12.39%
- 3Y*
- 6.02%
- 5Y*
- -0.59%
- 10Y*
- 10.53%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SASMX vs. SPY - Expense Ratio Comparison
SASMX has a 1.16% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SASMX vs. SPY — Risk / Return Rank
SASMX
SPY
SASMX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Small Cap Growth Fund (SASMX) 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.
| SASMX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.93 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.78 | 1.45 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.53 | -0.93 |
Martin ratioReturn relative to average drawdown | 1.99 | 7.30 | -5.30 |
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
| SASMX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.93 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.69 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.78 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.56 | -0.16 |
Correlation
The correlation between SASMX and SPY is 0.82, 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
SASMX vs. SPY - Dividend Comparison
SASMX's dividend yield for the trailing twelve months is around 21.50%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SASMX ClearBridge Small Cap Growth Fund | 21.50% | 20.31% | 17.01% | 0.43% | 0.00% | 11.84% | 7.04% | 7.62% | 15.70% | 3.55% | 3.01% | 1.26% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SASMX vs. SPY - Drawdown Comparison
The maximum SASMX drawdown since its inception was -54.81%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SASMX and SPY.
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Drawdown Indicators
| SASMX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.81% | -55.19% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -12.05% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -42.19% | -24.50% | -17.69% |
Max Drawdown (10Y)Largest decline over 10 years | -42.19% | -33.72% | -8.47% |
Current DrawdownCurrent decline from peak | -16.62% | -6.24% | -10.38% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -9.09% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.52% | +1.64% |
Volatility
SASMX vs. SPY - Volatility Comparison
ClearBridge Small Cap Growth Fund (SASMX) has a higher volatility of 8.22% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that SASMX'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
| SASMX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 5.31% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 15.62% | 9.47% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.94% | 19.05% | +5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.53% | 17.06% | +7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.77% | 17.92% | +5.85% |