SHOO vs. SPYD
SHOO (Steven Madden, Ltd.) 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, SHOO returned 9.22%/yr vs 8.85%/yr for SPYD. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
SHOO vs. SPYD - Performance Comparison
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Returns By Period
In the year-to-date period, SHOO achieves a 11.87% return, which is significantly lower than SPYD's 16.95% return. Both investments have delivered pretty close results over the past 10 years, with SHOO having a 9.22% annualized return and SPYD not far behind at 8.85%.
SHOO
- 1D
- -3.66%
- 1M
- 15.43%
- 6M
- 6.16%
- YTD
- 11.87%
- 1Y
- 100.34%
- 3Y*
- 14.35%
- 5Y*
- 3.32%
- 10Y*
- 9.22%
- ALL TIME*
- 14.68%
SPYD
- 1D
- -0.48%
- 1M
- 2.23%
- 6M
- 11.71%
- YTD
- 16.95%
- 1Y
- 22.08%
- 3Y*
- 13.78%
- 5Y*
- 9.35%
- 10Y*
- 8.85%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $50.69M | $43.75M | $47.39M | |
| $48.08M | $45.65M | $55.32M |
SHOO vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOO Steven Madden, Ltd. | 11.87% | 0.63% | 3.21% | 34.62% | -29.52% | 33.46% | -17.43% | 44.42% | -1.19% | 30.63% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 16.95% | 4.65% | 15.34% | 3.91% | -1.17% | 32.73% | -11.64% | 21.20% | -4.89% | 12.67% |
Correlation
The correlation between SHOO and SPYD is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015 | 0.52 |
The correlation between SHOO and SPYD shifts across timeframes, from 0.41 (1 year) to 0.52 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHOO vs. SPYD — Risk / Return Rank
SHOO
SPYD
SHOO vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Steven Madden, Ltd. (SHOO) 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.
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.
| SHOO | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.01 | +0.04 |
| Martin ratioReturn relative to average drawdown | 8.04 | 8.94 | -0.91 |
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Drawdowns
SHOO vs. SPYD - Drawdown Comparison
The maximum SHOO drawdown since its inception was -77.06%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SHOO and SPYD.
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Drawdown Indicators
| SHOO | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.06% | -46.42% | -30.64% |
Max Drawdown (1Y)Largest decline over 1 year | -31.73% | -7.05% | -24.68% |
Max Drawdown (3Y)Largest decline over 3 years | -60.21% | -16.13% | -44.08% |
Max Drawdown (5Y)Largest decline over 5 years | -60.21% | -22.25% | -37.96% |
Max Drawdown (10Y)Largest decline over 10 years | -60.21% | -46.42% | -13.79% |
Current DrawdownCurrent decline from peak | -3.66% | -2.06% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -22.79% | -6.09% | -16.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.02% | 2.37% | +9.65% |
Volatility
SHOO vs. SPYD - Volatility Comparison
Steven Madden, Ltd. (SHOO) has a higher volatility of 13.76% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 4.00%. This indicates that SHOO'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.
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Volatility by Period
| SHOO | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.76% | 4.00% | +9.76% |
Volatility (6M)Calculated over the trailing 6-month period | 33.17% | 8.41% | +24.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.14% | 11.94% | +31.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.54% | 15.98% | +23.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.60% | 19.77% | +20.83% |
Dividends
SHOO vs. SPYD - Dividend Comparison
SHOO's dividend yield for the trailing twelve months is around 1.82%, less than SPYD's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHOO Steven Madden, Ltd. | 1.82% | 2.02% | 1.98% | 2.00% | 2.63% | 1.29% | 0.42% | 1.33% | 1.78% | 0.00% | 0.00% | 0.00% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.10% | 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
SHOO and SPYD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOO has higher volatility (13.76%) compared to SPYD (4.00%). In terms of maximum drawdown, SHOO dropped -77.06% vs SPYD's -46.42%.
SHOO currently has the higher Sharpe Ratio (2.24 vs 1.79), 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.
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