SMVLX vs. SPY
Compare and contrast key facts about Smead Value Fund (SMVLX) and State Street SPDR S&P 500 ETF (SPY).
SMVLX is managed by Smead Funds. It was launched on Jan 2, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SMVLX vs. SPY - Performance Comparison
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SMVLX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMVLX Smead Value Fund | 7.13% | 5.05% | 4.78% | 16.87% | -2.79% | 42.46% | 1.71% | 26.29% | -4.79% | 19.73% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SMVLX achieves a 7.13% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SMVLX has underperformed SPY with an annualized return of 11.46%, while SPY has yielded a comparatively higher 13.98% annualized return.
SMVLX
- 1D
- -0.27%
- 1M
- -1.50%
- YTD
- 7.13%
- 6M
- 7.45%
- 1Y
- 16.08%
- 3Y*
- 11.29%
- 5Y*
- 9.68%
- 10Y*
- 11.46%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SMVLX vs. SPY - Expense Ratio Comparison
SMVLX has a 1.26% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SMVLX vs. SPY — Risk / Return Rank
SMVLX
SPY
SMVLX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Smead Value Fund (SMVLX) 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.
| SMVLX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.93 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.45 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.53 | -0.58 |
Martin ratioReturn relative to average drawdown | 3.54 | 7.30 | -3.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMVLX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.93 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.69 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.78 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.56 | +0.12 |
Correlation
The correlation between SMVLX and SPY is 0.84, 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.
Dividends
SMVLX vs. SPY - Dividend Comparison
SMVLX's dividend yield for the trailing twelve months is around 1.56%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMVLX Smead Value Fund | 1.56% | 1.67% | 1.08% | 1.34% | 1.78% | 3.91% | 1.40% | 3.83% | 7.47% | 0.22% | 3.14% | 3.10% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SMVLX vs. SPY - Drawdown Comparison
The maximum SMVLX drawdown since its inception was -39.56%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SMVLX and SPY.
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Drawdown Indicators
| SMVLX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.56% | -55.19% | +15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.61% | -12.05% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -24.50% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -33.72% | -5.84% |
Current DrawdownCurrent decline from peak | -2.69% | -6.24% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -9.09% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 2.52% | +1.89% |
Volatility
SMVLX vs. SPY - Volatility Comparison
The current volatility for Smead Value Fund (SMVLX) is 3.09%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that SMVLX experiences smaller price fluctuations and is considered to be less risky 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
| SMVLX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 5.31% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 9.47% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 19.05% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 17.06% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 17.92% | +1.57% |