SLG vs. SPYD
SLG (SL Green Realty Corp.) 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, SLG returned -2.74%/yr vs 8.85%/yr for SPYD. Their 0.63 correlation means they have sometimes moved together and sometimes differently.
Performance
SLG vs. SPYD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SLG achieves a 18.80% return, which is significantly higher than SPYD's 16.95% return. Over the past 10 years, SLG has underperformed SPYD with an annualized return of -2.74%, while SPYD has yielded a comparatively higher 8.85% annualized return.
SLG
- 1D
- -1.27%
- 1M
- -0.92%
- 6M
- 21.69%
- YTD
- 18.80%
- 1Y
- -0.37%
- 3Y*
- 19.45%
- 5Y*
- -0.86%
- 10Y*
- -2.74%
- ALL TIME*
- 6.92%
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) |
|---|---|---|---|
| $66.86M | $56.34M | $55.63M | |
| $48.08M | $45.65M | $55.32M |
SLG vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLG SL Green Realty Corp. | 18.80% | -29.03% | 58.26% | 48.75% | -50.94% | 22.86% | -29.14% | 20.96% | -18.80% | -3.25% |
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 SLG 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. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015 | 0.63 |
Over the past year, the correlation between SLG and SPYD has dropped to 0.41 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SLG vs. SPYD — Risk / Return Rank
SLG
SPYD
SLG vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SL Green Realty Corp. (SLG) 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.
| SLG | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.31 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 3.01 | -3.08 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.94 | -9.05 |
Loading charts...
Drawdowns
SLG vs. SPYD - Drawdown Comparison
The maximum SLG drawdown since its inception was -94.02%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SLG and SPYD.
Loading charts...
Drawdown Indicators
| SLG | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.02% | -46.42% | -47.60% |
Max Drawdown (1Y)Largest decline over 1 year | -45.40% | -7.05% | -38.35% |
Max Drawdown (3Y)Largest decline over 3 years | -53.91% | -16.13% | -37.78% |
Max Drawdown (5Y)Largest decline over 5 years | -74.27% | -22.25% | -52.02% |
Max Drawdown (10Y)Largest decline over 10 years | -77.70% | -46.42% | -31.28% |
Current DrawdownCurrent decline from peak | -31.98% | -2.06% | -29.92% |
Average DrawdownAverage peak-to-trough decline | -27.47% | -6.09% | -21.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.27% | 2.37% | +24.90% |
Volatility
SLG vs. SPYD - Volatility Comparison
SL Green Realty Corp. (SLG) has a higher volatility of 11.09% compared to State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 4.00%. This indicates that SLG'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.
Loading charts...
Volatility by Period
| SLG | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.09% | 4.00% | +7.09% |
Volatility (6M)Calculated over the trailing 6-month period | 29.37% | 8.41% | +20.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.11% | 11.94% | +26.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 15.98% | +27.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.39% | 19.77% | +22.62% |
Dividends
SLG vs. SPYD - Dividend Comparison
SLG's dividend yield for the trailing twelve months is around 4.28%, more than SPYD's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLG SL Green Realty Corp. | 4.28% | 6.18% | 4.43% | 7.15% | 10.94% | 5.09% | 7.81% | 3.74% | 4.16% | 3.11% | 2.73% | 2.23% |
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
SLG 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.
SLG has higher volatility (11.09%) compared to SPYD (4.00%). In terms of maximum drawdown, SLG dropped -94.02% vs SPYD's -46.42%.
SPYD currently has the higher Sharpe Ratio (1.79 vs -0.08), 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.
Find the right allocation for SLG and SPYD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer