SPDG vs. SPY
Compare and contrast key facts about SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and SPDR S&P 500 ETF (SPY).
SPDG and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPDG is a passively managed fund by State Street that tracks the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index. It was launched on Sep 11, 2023. 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. Both SPDG and SPY 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: SPDG or SPY.
Key characteristics
| SPDG | SPY | |
|---|---|---|
| YTD Return | 22.93% | 27.04% |
| 1Y Return | 38.42% | 39.75% |
| Sharpe Ratio | 3.04 | 3.15 |
| Sortino Ratio | 4.22 | 4.19 |
| Omega Ratio | 1.53 | 1.59 |
| Calmar Ratio | 6.04 | 4.60 |
| Martin Ratio | 19.71 | 20.85 |
| Ulcer Index | 1.87% | 1.85% |
| Daily Std Dev | 12.13% | 12.29% |
| Max Drawdown | -8.76% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPDG 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.
Performance
SPDG vs. SPY - Performance Comparison
In the year-to-date period, SPDG achieves a 22.93% return, which is significantly lower than SPY's 27.04% 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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SPDG vs. SPY - Expense Ratio Comparison
SPDG has a 0.05% expense ratio, which is lower than SPY's 0.09% expense ratio. Despite the difference, 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
SPDG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and 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.
Dividends
SPDG vs. SPY - Dividend Comparison
SPDG's dividend yield for the trailing twelve months is around 2.56%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF | 2.56% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SPDG vs. SPY - Drawdown Comparison
The maximum SPDG drawdown since its inception was -8.76%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPDG and SPY. For additional features, visit the drawdowns tool.
Volatility
SPDG vs. SPY - Volatility Comparison
SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and SPDR S&P 500 ETF (SPY) have volatilities of 3.80% and 3.95%, 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.