SGLC vs. SPY

Last updated Aug 2, 2026

SGLC (SGI U.S. Large Cap Core ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - SGLC is a Large Cap Blend Equities fund actively managed by Summit Global Investments, while SPY is a S&P 500 fund tracking the S&P 500 Index. SGLC is actively managed, while SPY is passively managed. Over the past 3 years, SGLC returned 19.42%/yr vs 19.32%/yr for SPY. Their correlation of 0.92 means they have usually moved in the same direction. SGLC charges 0.85%/yr vs 0.09%/yr for SPY.

Performance

SGLC vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI U.S. Large Cap Core ETF (SGLC) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGLC achieves a 15.05% return, which is significantly higher than SPY's 10.13% return.

SGLC

• 1D: 0.41%
• 1M: 1.35%
• 6M: 10.93%
• YTD: 15.05%
• 1Y: 28.98%
• 3Y*: 19.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.89%

SPY

• 1D: 0.72%
• 1M: 0.30%
• 6M: 8.53%
• YTD: 10.13%
• 1Y: 21.49%
• 3Y*: 19.32%
• 5Y*: 12.76%
• 10Y*: 15.07%
• ALL TIME*: 10.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SGLC SGI U.S. Large Cap Core ETF	$554.91K	$515.82K	$530.23K
SPY State Street SPDR S&P 500 ETF	$37.27B	$35.99B	$39.23B

SGLC vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SGLC SGI U.S. Large Cap Core ETF	15.05%	17.30%	20.19%	19.30%
SPY State Street SPDR S&P 500 ETF	10.13%	17.72%	24.89%	19.07%

Correlation

The correlation between SGLC and SPY is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023	0.92

The correlation between SGLC and SPY has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

SGLC vs. SPY - Sectors Allocation Comparison

Sectors	SGLC	SPY
Technology	36.7%	36.9%
Financial Services	14.5%	12.5%
Communication Services	10.7%	9.7%
Healthcare	9.8%	9.4%
Consumer Cyclical	8.9%	8.9%
Industrials	5.9%	7.6%
Consumer Defensive	3.7%	4.8%
Energy	2.9%	3.4%
Real Estate	2.5%	2.0%
Basic Materials	2.1%	1.9%
Utilities	2.1%	2.6%

Return for Risk

SGLC vs. SPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SGLC

SGLC Risk / Return Rank: 80
SGLC Sharpe Ratio Rank: 80
SGLC Sortino Ratio Rank: 78
SGLC Omega Ratio Rank: 79
SGLC Calmar Ratio Rank: 78
SGLC Martin Ratio Rank: 84

SPY

SPY Risk / Return Rank: 67
SPY Sharpe Ratio Rank: 67
SPY Sortino Ratio Rank: 64
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 64
SPY Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SGLC vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI U.S. Large Cap Core ETF (SGLC) 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.

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.

	SGLC	SPY	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.52	+0.35
Sortino ratio: Return per unit of downside risk	2.52	2.11	+0.41
Omega ratio: Gain probability vs. loss probability	1.33	1.27	+0.06
Calmar ratio: Return relative to maximum drawdown	2.81	2.20	+0.60
Martin ratio: Return relative to average drawdown	11.81	9.40	+2.41

SGLC vs. SPY - Sharpe Ratio Comparison

The current SGLC Sharpe Ratio is 1.87, which is comparable to the SPY Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SGLC and SPY, 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

SGLC vs. SPY - Drawdown Comparison

The maximum SGLC drawdown since its inception was -20.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SGLC and SPY.

Drawdown Indicators

	SGLC	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-20.24%	-55.19%	+34.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-8.88%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-20.24%	-18.76%	-1.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-0.50%	-1.40%	+0.90%
Average Drawdown Average peak-to-trough decline	-2.41%	-9.01%	+6.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	2.08%	+0.22%

Volatility

SGLC vs. SPY - Volatility Comparison

SGI U.S. Large Cap Core ETF (SGLC) has a higher volatility of 4.40% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that SGLC'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.

Volatility by Period

	SGLC	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	3.58%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	11.65%	10.14%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	12.89%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	17.18%	-1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	17.95%	-1.90%

SGLC vs. SPY - Expense Ratio Comparison

SGLC has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

SGLC vs. SPY - Dividend Comparison

SGLC's dividend yield for the trailing twelve months is around 0.20%, less than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGLC SGI U.S. Large Cap Core ETF	0.20%	0.23%	8.68%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both SGLC and SPY in my portfolio?

SGLC and SPY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGLC or SPY?

SGLC has higher volatility (4.40%) compared to SPY (3.58%). In terms of maximum drawdown, SGLC dropped -20.24% vs SPY's -55.19%.

Which ETF is better, SGLC or SPY?

On 3-year performance, SGLC leads with 19.42% vs 19.32% for SPY. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGLC or SPY?

Over the 3-year period, SGLC has performed better with a 19.42% return vs 19.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGLC or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.85% for SGLC.

Which ETF pays a higher dividend yield, SGLC or SPY?

SPY has the higher dividend yield at 1.01%, compared with 0.20% for SGLC.

What is the main difference between SGLC and SPY?

SGLC is categorized as Large Cap Blend Equities, while SPY is S&P 500. They also come from different issuers: Summit Global Investments and State Street. Their fees differ too: 0.85% for SGLC and 0.09% for SPY.

Which has better risk-adjusted returns?

SGLC currently has the higher Sharpe Ratio (1.87 vs 1.52), 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.