SLYV vs. SPLG
Compare and contrast key facts about SPDR S&P 600 Small Cap Value ETF (SLYV) and SPDR Portfolio S&P 500 ETF (SPLG).
SLYV and SPLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLYV is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Value Index. It was launched on Sep 29, 2000. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both SLYV and SPLG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLYV or SPLG.
Key characteristics
| SLYV | SPLG | |
|---|---|---|
| YTD Return | -3.82% | 7.93% |
| 1Y Return | 14.46% | 28.14% |
| 3Y Return (Ann) | -0.15% | 8.82% |
| 5Y Return (Ann) | 6.60% | 13.56% |
| 10Y Return (Ann) | 7.88% | 12.74% |
| Sharpe Ratio | 0.60 | 2.35 |
| Daily Std Dev | 21.19% | 11.63% |
| Max Drawdown | -61.32% | -54.50% |
| Current Drawdown | -7.00% | -2.28% |
Correlation
The correlation between SLYV and SPLG is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SLYV vs. SPLG - Performance Comparison
In the year-to-date period, SLYV achieves a -3.82% return, which is significantly lower than SPLG's 7.93% return. Over the past 10 years, SLYV has underperformed SPLG with an annualized return of 7.88%, while SPLG has yielded a comparatively higher 12.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SLYV vs. SPLG - Expense Ratio Comparison
SLYV has a 0.15% expense ratio, which is higher than SPLG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SLYV vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
SLYV vs. SPLG - Dividend Comparison
SLYV's dividend yield for the trailing twelve months is around 2.27%, more than SPLG's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLYV SPDR S&P 600 Small Cap Value ETF | 2.27% | 2.11% | 1.47% | 1.94% | 1.40% | 1.66% | 2.14% | 5.53% | 2.18% | 6.55% | 7.50% | 1.58% |
SPLG SPDR Portfolio S&P 500 ETF | 1.37% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
SLYV vs. SPLG - Drawdown Comparison
The maximum SLYV drawdown since its inception was -61.32%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for SLYV and SPLG. For additional features, visit the drawdowns tool.
Volatility
SLYV vs. SPLG - Volatility Comparison
SPDR S&P 600 Small Cap Value ETF (SLYV) has a higher volatility of 6.03% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.08%. This indicates that SLYV's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.