SLYV vs. TCV
SLYV (SPDR S&P 600 Small Cap Value ETF) and TCV (Towle Value ETF) are both Small Cap Value Equities funds. SLYV is passively managed, while TCV is actively managed. Over the past year, SLYV returned 37.42% vs 32.54% for TCV. Their correlation of 0.82 suggests significant overlap in exposure. SLYV charges 0.15%/yr vs 0.85%/yr for TCV.
Performance
SLYV vs. TCV - Performance Comparison
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Returns By Period
In the year-to-date period, SLYV achieves a 22.24% return, which is significantly lower than TCV's 28.70% return.
SLYV
- 1D
- 1.38%
- 1M
- 3.30%
- 6M
- 13.51%
- YTD
- 22.24%
- 1Y
- 37.42%
- 3Y*
- 14.25%
- 5Y*
- 8.77%
- 10Y*
- 10.27%
TCV
- 1D
- 0.01%
- 1M
- 4.66%
- 6M
- 13.75%
- YTD
- 28.70%
- 1Y
- 32.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLYV vs. TCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLYV SPDR S&P 600 Small Cap Value ETF | 22.24% | 12.42% |
TCV Towle Value ETF | 28.70% | 2.99% |
Correlation
The correlation between SLYV and TCV is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025 | 0.82 |
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Return for Risk
SLYV vs. TCV — Risk / Return Rank
SLYV
TCV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SLYV vs. TCV - 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 Towle Value ETF (TCV). 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 | TCV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.02 | — | — |
| Martin ratioReturn relative to average drawdown | 13.38 | — | — |
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Drawdowns
SLYV vs. TCV - Drawdown Comparison
The maximum SLYV drawdown since its inception was -61.15%, which is greater than TCV's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for SLYV and TCV.
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Drawdown Indicators
| SLYV | TCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -12.23% | -48.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -12.23% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -28.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.73% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.09% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -3.29% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | — | — |
Volatility
SLYV vs. TCV - Volatility Comparison
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Volatility by Period
| SLYV | TCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 21.12% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 21.12% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.89% | 21.12% | +2.77% |
SLYV vs. TCV - Expense Ratio Comparison
SLYV has a 0.15% expense ratio, which is lower than TCV's 0.85% expense ratio.
Dividends
SLYV vs. TCV - Dividend Comparison
SLYV's dividend yield for the trailing twelve months is around 1.79%, more than TCV's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLYV SPDR S&P 600 Small Cap Value ETF | 1.79% | 2.02% | 2.30% | 2.11% | 1.47% | 1.94% | 1.40% | 1.67% | 2.14% | 5.53% | 2.18% | 6.55% |
TCV Towle Value ETF | 0.56% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLYV and TCV have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, SLYV leads with 37.42% vs 32.54% for TCV. On fees, SLYV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SLYV has performed better with a 37.42% return vs 32.54%. 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 0.85% for TCV.
SLYV has the higher dividend yield at 1.79%, compared with 0.56% for TCV.
They also come from different issuers: State Street and Towle. Their fees differ too: 0.15% for SLYV and 0.85% for TCV.
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