SLYG vs. SLYV

Last updated Jun 23, 2026

SLYG (SPDR S&P 600 Small Cap Growth ETF) and SLYV (SPDR S&P 600 Small Cap Value ETF) are both exchange-traded funds - SLYG is a Small Cap Growth Equities fund tracking the S&P SmallCap 600 Growth Index, while SLYV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, SLYG returned 11.75%/yr vs 10.63%/yr for SLYV. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

SLYG vs. SLYV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 600 Small Cap Growth ETF (SLYG) and SPDR S&P 600 Small Cap Value ETF (SLYV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLYG achieves a 21.87% return, which is significantly higher than SLYV's 17.70% return. Over the past 10 years, SLYG has outperformed SLYV with an annualized return of 11.75%, while SLYV has yielded a comparatively lower 10.63% annualized return.

SLYG

• 1D: 0.35%
• 1M: 6.00%
• YTD: 21.87%
• 6M: 17.87%
• 1Y: 34.08%
• 3Y*: 16.89%
• 5Y*: 6.59%
• 10Y*: 11.75%

SLYV

• 1D: -0.20%
• 1M: 3.12%
• YTD: 17.70%
• 6M: 15.50%
• 1Y: 39.46%
• 3Y*: 15.47%
• 5Y*: 6.55%
• 10Y*: 10.63%

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

SLYG vs. SLYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLYG SPDR S&P 600 Small Cap Growth ETF	21.87%	5.20%	9.38%	17.27%	-21.26%	22.42%	19.48%	20.97%	-4.20%	14.62%
SLYV SPDR S&P 600 Small Cap Value ETF	17.70%	6.54%	7.28%	14.82%	-11.08%	30.57%	2.68%	24.26%	-12.77%	11.74%

Correlation

The correlation between SLYG and SLYV 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 Oct 2, 2000	0.88

The correlation between SLYG and SLYV has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

SLYG vs. SLYV - Sectors Allocation Comparison

Sectors	SLYG	SLYV
Technology	19.9%	13.4%
Industrials	18.9%	11.6%
Healthcare	15.1%	7.3%
Financial Services	13.6%	19.5%
Consumer Cyclical	11.0%	15.4%
Real Estate	6.3%	8.6%
Energy	4.6%	7.0%
Consumer Defensive	3.0%	3.8%
Communication Services	2.9%	4.4%
Basic Materials	2.8%	6.9%
Utilities	1.8%	2.1%

Return for Risk

SLYG vs. SLYV — Risk / Return Rank

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

SLYG

SLYG Risk / Return Rank: 65
SLYG Sharpe Ratio Rank: 59
SLYG Sortino Ratio Rank: 61
SLYG Omega Ratio Rank: 54
SLYG Calmar Ratio Rank: 76
SLYG Martin Ratio Rank: 73

SLYV

SLYV Risk / Return Rank: 73
SLYV Sharpe Ratio Rank: 69
SLYV Sortino Ratio Rank: 72
SLYV Omega Ratio Rank: 64
SLYV Calmar Ratio Rank: 83
SLYV Martin Ratio Rank: 76

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.

SLYG vs. SLYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Growth ETF (SLYG) and SPDR S&P 600 Small Cap Value ETF (SLYV). 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.

	SLYG	SLYV	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.17	-0.26
Sortino ratio: Return per unit of downside risk	2.78	3.10	-0.32
Omega ratio: Gain probability vs. loss probability	1.33	1.37	-0.04
Calmar ratio: Return relative to maximum drawdown	3.76	4.24	-0.47
Martin ratio: Return relative to average drawdown	13.24	14.05	-0.81

SLYG vs. SLYV - Sharpe Ratio Comparison

The current SLYG Sharpe Ratio is 1.91, which is comparable to the SLYV Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SLYG and SLYV, 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

SLYG vs. SLYV - Drawdown Comparison

The maximum SLYG drawdown since its inception was -62.92%, roughly equal to the maximum SLYV drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for SLYG and SLYV.

Drawdown Indicators

	SLYG	SLYV	Difference
Max Drawdown Largest peak-to-trough decline	-62.92%	-61.15%	-1.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-9.36%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-27.39%	-28.68%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-29.18%	-28.68%	-0.50%
Max Drawdown (10Y) Largest decline over 10 years	-41.86%	-47.73%	+5.87%
Current Drawdown Current decline from peak	0.00%	-1.48%	+1.48%
Average Drawdown Average peak-to-trough decline	-14.88%	-8.93%	-5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.82%	-0.24%

Volatility

SLYG vs. SLYV - Volatility Comparison

SPDR S&P 600 Small Cap Growth ETF (SLYG) has a higher volatility of 5.21% compared to SPDR S&P 600 Small Cap Value ETF (SLYV) at 4.75%. This indicates that SLYG's price experiences larger fluctuations and is considered to be riskier than SLYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLYG	SLYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.75%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	12.96%	11.73%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	18.31%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	21.91%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.77%	23.98%	-1.21%

SLYG vs. SLYV - Expense Ratio Comparison

Both SLYG and SLYV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SLYG vs. SLYV - Dividend Comparison

SLYG's dividend yield for the trailing twelve months is around 0.88%, less than SLYV's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLYG SPDR S&P 600 Small Cap Growth ETF	0.88%	0.86%	1.22%	1.18%	1.18%	0.68%	0.71%	1.08%	1.06%	4.74%	1.13%	5.75%
SLYV SPDR S&P 600 Small Cap Value ETF	2.28%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both SLYG and SLYV in my portfolio?

With a correlation of 0.91, SLYG and SLYV 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, SLYG or SLYV?

SLYG has higher volatility (5.21%) compared to SLYV (4.75%). In terms of maximum drawdown, SLYG dropped -62.92% vs SLYV's -61.15%.

Which ETF is better, SLYG or SLYV?

On 10-year performance, SLYG leads with 11.75% vs 10.63% for SLYV. Both ETFs have the same 0.15% expense ratio. On volatility, SLYV has been the lower-risk option at 4.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLYG or SLYV?

Over the 10-year period, SLYG has performed better with a 11.75% return vs 10.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLYG or SLYV?

SLYG and SLYV have the same expense ratio: 0.15% per year.

Which ETF pays a higher dividend yield, SLYG or SLYV?

SLYV has the higher dividend yield at 2.28%, compared with 0.88% for SLYG.

What is the main difference between SLYG and SLYV?

SLYG is categorized as Small Cap Growth Equities, while SLYV is Small Cap Value Equities. SLYG tracks S&P SmallCap 600 Growth Index, while SLYV tracks S&P SmallCap 600 Value Index.

Which has better risk-adjusted returns?

SLYV currently has the higher Sharpe Ratio (2.17 vs 1.91), 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.