SHE vs. ITOT

Last updated Jun 4, 2026

SHE (SPDR SSGA Gender Diversity Index ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Growth Equities funds - SHE tracks the SSGA Gender Diversity (TR) while ITOT tracks the S&P Composite 1500 Index. Both are passively managed. Over the past 10 years, SHE returned 12.83%/yr vs 15.01%/yr for ITOT. Their correlation of 0.93 suggests significant overlap in exposure. SHE charges 0.20%/yr vs 0.03%/yr for ITOT.

Performance

SHE vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Gender Diversity Index ETF (SHE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHE achieves a 19.56% return, which is significantly higher than ITOT's 11.25% return. Over the past 10 years, SHE has underperformed ITOT with an annualized return of 12.83%, while ITOT has yielded a comparatively higher 15.01% annualized return.

SHE

• 1D: -0.58%
• 1M: 10.08%
• YTD: 19.56%
• 6M: 21.08%
• 1Y: 31.32%
• 3Y*: 24.28%
• 5Y*: 10.89%
• 10Y*: 12.83%

ITOT

• 1D: -0.73%
• 1M: 5.01%
• YTD: 11.25%
• 6M: 11.12%
• 1Y: 28.12%
• 3Y*: 22.09%
• 5Y*: 12.69%
• 10Y*: 15.01%

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

SHE vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHE SPDR SSGA Gender Diversity Index ETF	19.56%	15.50%	23.35%	22.37%	-21.73%	15.17%	17.93%	23.63%	-3.48%	19.56%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.25%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Correlation

The correlation between SHE and ITOT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 9, 2016	0.93

The correlation between SHE and ITOT has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

SHE vs. ITOT - Sectors Allocation Comparison

Sectors	SHE	ITOT
Technology	38.0%	33.8%
Financial Services	11.9%	12.1%
Communication Services	9.5%	10.3%
Industrials	8.9%	9.5%
Consumer Cyclical	8.9%	10.1%
Healthcare	8.7%	9.0%
Consumer Defensive	4.6%	4.7%
Energy	3.4%	3.7%
Utilities	2.2%	2.3%
Real Estate	1.9%	2.4%
Basic Materials	1.9%	2.1%

Return for Risk

SHE vs. ITOT — Risk / Return Rank

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

SHE

SHE Risk / Return Rank: 74
SHE Sharpe Ratio Rank: 74
SHE Sortino Ratio Rank: 75
SHE Omega Ratio Rank: 70
SHE Calmar Ratio Rank: 73
SHE Martin Ratio Rank: 77

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 69
ITOT Sortino Ratio Rank: 68
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 63
ITOT Martin Ratio Rank: 75

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.

SHE vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

	SHE	ITOT	Difference
Sharpe ratio Return per unit of total volatility	2.43	2.32	+0.12
Sortino ratio Return per unit of downside risk	3.43	3.17	+0.25
Omega ratio Gain probability vs. loss probability	1.43	1.42	+0.01
Calmar ratio Return relative to maximum drawdown	3.68	3.17	+0.51
Martin ratio Return relative to average drawdown	14.98	14.57	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHE vs. ITOT - Sharpe Ratio Comparison

The current SHE Sharpe Ratio is 2.43, which is comparable to the ITOT Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SHE and ITOT, 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

	SHE	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.32	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.74	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.82	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.57	+0.16

Drawdowns

SHE vs. ITOT - Drawdown Comparison

The maximum SHE drawdown since its inception was -35.80%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for SHE and ITOT.

Drawdown Indicators

	SHE	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-35.80%	-55.20%	+19.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-8.90%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-17.07%	-19.44%	+2.37%
Max Drawdown (5Y) Largest decline over 5 years	-31.69%	-25.36%	-6.33%
Max Drawdown (10Y) Largest decline over 10 years	-35.80%	-35.00%	-0.80%
Current Drawdown Current decline from peak	-0.58%	-0.73%	+0.15%
Average Drawdown Average peak-to-trough decline	-6.30%	-6.97%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	1.94%	+0.16%

Volatility

SHE vs. ITOT - Volatility Comparison

SPDR SSGA Gender Diversity Index ETF (SHE) has a higher volatility of 5.06% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.99%. This indicates that SHE's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHE	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	2.99%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	9.13%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	12.20%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	17.36%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	18.26%	-0.22%

SHE vs. ITOT - Expense Ratio Comparison

SHE has a 0.20% expense ratio, which is higher than ITOT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SHE vs. ITOT - Dividend Comparison

SHE's dividend yield for the trailing twelve months is around 1.06%, more than ITOT's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.98%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
SHE SPDR SSGA Gender Diversity Index ETF	1.06%	1.18%	1.14%	1.37%	1.54%	0.99%	1.24%	1.91%	7.39%	5.37%	6.41%	0.00%

Frequently Asked Questions

Can I hold both SHE and ITOT in my portfolio?

With a correlation of 0.91, SHE and ITOT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SHE or ITOT?

SHE has higher volatility (5.06%) compared to ITOT (2.99%). In terms of maximum drawdown, SHE dropped -35.80% vs ITOT's -55.20%.

Which ETF is better, SHE or ITOT?

On 10-year performance, ITOT leads with 15.01% vs 12.83% for SHE. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHE or ITOT?

Over the 10-year period, ITOT has performed better with a 15.01% return vs 12.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHE or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.20% for SHE.

Which ETF pays a higher dividend yield, SHE or ITOT?

SHE has the higher dividend yield at 1.06%, compared with 0.98% for ITOT.

What is the main difference between SHE and ITOT?

SHE tracks SSGA Gender Diversity (TR), while ITOT tracks S&P Composite 1500 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SHE and 0.03% for ITOT.

Which has better risk-adjusted returns?

SHE currently has the higher Sharpe Ratio (2.43 vs 2.32), 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.