SLYV vs. RWO
SLYV (SPDR S&P 600 Small Cap Value ETF) and RWO (SPDR Dow Jones Global Real Estate ETF) are both exchange-traded funds - SLYV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value Index, while RWO is a REIT fund tracking the Dow Jones Global Select Real Estate Securities Index. Both are passively managed. Over the past 10 years, SLYV returned 10.61%/yr vs 3.88%/yr for RWO. A 0.70 correlation means they provide meaningful diversification when combined. SLYV charges 0.15%/yr vs 0.50%/yr for RWO.
Performance
SLYV vs. RWO - Performance Comparison
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Returns By Period
In the year-to-date period, SLYV achieves a 17.46% return, which is significantly higher than RWO's 11.44% return. Over the past 10 years, SLYV has outperformed RWO with an annualized return of 10.61%, while RWO has yielded a comparatively lower 3.88% annualized return.
SLYV
- 1D
- -0.21%
- 1M
- 2.91%
- YTD
- 17.46%
- 6M
- 15.89%
- 1Y
- 37.37%
- 3Y*
- 15.39%
- 5Y*
- 6.20%
- 10Y*
- 10.61%
RWO
- 1D
- 0.96%
- 1M
- 0.76%
- YTD
- 11.44%
- 6M
- 11.34%
- 1Y
- 14.87%
- 3Y*
- 11.85%
- 5Y*
- 2.53%
- 10Y*
- 3.88%
SLYV vs. RWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLYV SPDR S&P 600 Small Cap Value ETF | 17.46% | 6.54% | 7.28% | 14.82% | -11.08% | 30.57% | 2.68% | 24.26% | -12.77% | 11.74% |
RWO SPDR Dow Jones Global Real Estate ETF | 11.44% | 8.87% | 1.76% | 10.91% | -25.11% | 31.03% | -10.44% | 21.17% | -6.04% | 7.80% |
Correlation
The correlation between SLYV and RWO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 22, 2008 | 0.70 |
The correlation between SLYV and RWO shifts across timeframes, from 0.55 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SLYV vs. RWO — Risk / Return Rank
SLYV
RWO
SLYV vs. RWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) and SPDR Dow Jones Global Real Estate ETF (RWO). 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.
| SLYV | RWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 1.57 | +2.44 |
| Martin ratioReturn relative to average drawdown | 13.30 | 6.03 | +7.27 |
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Drawdowns
SLYV vs. RWO - Drawdown Comparison
The maximum SLYV drawdown since its inception was -61.15%, smaller than the maximum RWO drawdown of -67.69%. Use the drawdown chart below to compare losses from any high point for SLYV and RWO.
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Drawdown Indicators
| SLYV | RWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -67.69% | +6.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -9.51% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -28.68% | -17.66% | -11.02% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -32.85% | +4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -47.73% | -43.27% | -4.46% |
Current DrawdownCurrent decline from peak | -1.68% | -0.78% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -12.64% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.47% | +0.35% |
Volatility
SLYV vs. RWO - Volatility Comparison
SPDR S&P 600 Small Cap Value ETF (SLYV) and SPDR Dow Jones Global Real Estate ETF (RWO) have volatilities of 4.76% and 4.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLYV | RWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.59% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 9.89% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 13.14% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.91% | 17.06% | +4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 18.21% | +5.73% |
SLYV vs. RWO - Expense Ratio Comparison
SLYV has a 0.15% expense ratio, which is lower than RWO's 0.50% expense ratio.
Dividends
SLYV vs. RWO - Dividend Comparison
SLYV's dividend yield for the trailing twelve months is around 1.87%, less than RWO's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWO SPDR Dow Jones Global Real Estate ETF | 3.24% | 3.62% | 3.68% | 3.53% | 3.69% | 2.79% | 3.25% | 3.97% | 3.90% | 3.26% | 3.77% | 2.97% |
SLYV SPDR S&P 600 Small Cap Value ETF | 1.87% | 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
SLYV and RWO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLYV has higher volatility (4.76%) compared to RWO (4.59%). In terms of maximum drawdown, SLYV dropped -61.15% vs RWO's -67.69%.
On 10-year performance, SLYV leads with 10.61% vs 3.88% for RWO. On fees, SLYV is cheaper at 0.15% per year. On volatility, RWO has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLYV has performed better with a 10.61% return vs 3.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLYV is cheaper with a 0.15% expense ratio, compared with 0.50% for RWO.
RWO has the higher dividend yield at 3.24%, compared with 1.87% for SLYV.
SLYV is categorized as Small Cap Value Equities, while RWO is REIT. SLYV tracks S&P SmallCap 600 Value Index, while RWO tracks Dow Jones Global Select Real Estate Securities Index. Their fees differ too: 0.15% for SLYV and 0.50% for RWO.
SLYV currently has the higher Sharpe Ratio (2.06 vs 1.14), 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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