SLVM vs. SPY
SLVM (Sylvamo Corporation) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 3 years, SLVM returned 1.31%/yr vs 20.68%/yr for SPY. At a 0.39 correlation, their price movements are largely independent.
Performance
SLVM vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, SLVM achieves a -18.47% return, which is significantly lower than SPY's 8.15% return.
SLVM
- 1D
- -0.77%
- 1M
- 0.97%
- YTD
- -18.47%
- 6M
- -19.67%
- 1Y
- -21.21%
- 3Y*
- 1.31%
- 5Y*
- —
- 10Y*
- —
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
SLVM vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SLVM Sylvamo Corporation | -18.47% | -37.06% | 64.70% | 4.21% | 75.25% | -11.60% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 24.89% | 26.18% | -18.18% | 11.07% |
Correlation
The correlation between SLVM and SPY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.39 |
The correlation between SLVM and SPY shifts across timeframes, from 0.29 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SLVM vs. SPY — Risk / Return Rank
SLVM
SPY
SLVM vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sylvamo Corporation (SLVM) 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.
| SLVM | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.34 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 2.67 | -3.29 |
| Martin ratioReturn relative to average drawdown | -1.21 | 11.92 | -13.13 |
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Drawdowns
SLVM vs. SPY - Drawdown Comparison
The maximum SLVM drawdown since its inception was -60.56%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SLVM and SPY.
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Drawdown Indicators
| SLVM | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.56% | -55.19% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -33.87% | -8.88% | -24.99% |
Max Drawdown (3Y)Largest decline over 3 years | -60.56% | -18.76% | -41.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -57.63% | -3.17% | -54.46% |
Average DrawdownAverage peak-to-trough decline | -22.75% | -9.04% | -13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.52% | 1.98% | +15.54% |
Volatility
SLVM vs. SPY - Volatility Comparison
Sylvamo Corporation (SLVM) has a higher volatility of 7.73% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that SLVM'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
| SLVM | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 4.87% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 26.60% | 9.85% | +16.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.37% | 12.50% | +27.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.69% | 17.15% | +26.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.69% | 17.95% | +25.74% |
Dividends
SLVM vs. SPY - Dividend Comparison
SLVM's dividend yield for the trailing twelve months is around 4.68%, more than SPY's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVM Sylvamo Corporation | 4.68% | 3.74% | 1.90% | 2.75% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.03% | 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
SLVM and SPY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVM has higher volatility (7.73%) compared to SPY (4.87%). In terms of maximum drawdown, SLVM dropped -60.56% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.90 vs -0.53), 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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