SPDG vs. SPYM

Last updated Aug 2, 2026

SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while SPYM is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SPDG returned 24.51% vs 21.52% for SPYM. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SPDG charges 0.05%/yr vs 0.02%/yr for SPYM.

Performance

SPDG vs. SPYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPDG achieves a 14.23% return, which is significantly higher than SPYM's 10.15% return.

SPDG

• 1D: 0.34%
• 1M: -0.77%
• 6M: 7.57%
• YTD: 14.23%
• 1Y: 24.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.16%

SPYM

• 1D: 0.68%
• 1M: 0.26%
• 6M: 8.55%
• YTD: 10.15%
• 1Y: 21.52%
• 3Y*: 19.39%
• 5Y*: 12.82%
• 10Y*: 15.15%
• ALL TIME*: 11.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	$48.48K	$40.82K	$36.86K
SPYM State Street SPDR Portfolio S&P 500 ETF	$811.10M	$977.30M	$1.09B

SPDG vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	14.23%	11.66%	20.22%	8.09%
SPYM State Street SPDR Portfolio S&P 500 ETF	10.15%	17.79%	25.00%	6.78%

Correlation

The correlation between SPDG and SPYM is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023	0.75

The correlation between SPDG and SPYM shifts across timeframes, from 0.62 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

SPDG vs. SPYM - Sectors Allocation Comparison

Sectors	SPDG	SPYM
Technology	32.4%	38.5%
Financial Services	13.3%	11.6%
Healthcare	10.2%	8.9%
Consumer Cyclical	9.6%	9.5%
Industrials	9.0%	8.4%
Communication Services	8.6%	9.9%
Consumer Defensive	5.4%	4.5%
Energy	4.1%	3.0%
Utilities	2.6%	2.2%
Real Estate	2.4%	1.8%
Basic Materials	2.2%	1.7%

Return for Risk

SPDG vs. SPYM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPDG

SPDG Risk / Return Rank: 80
SPDG Sharpe Ratio Rank: 82
SPDG Sortino Ratio Rank: 83
SPDG Omega Ratio Rank: 80
SPDG Calmar Ratio Rank: 79
SPDG Martin Ratio Rank: 75

SPYM

SPYM Risk / Return Rank: 68
SPYM Sharpe Ratio Rank: 68
SPYM Sortino Ratio Rank: 65
SPYM Omega Ratio Rank: 66
SPYM Calmar Ratio Rank: 64
SPYM Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPDG vs. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.

	SPDG	SPYM	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.53	+0.37
Sortino ratio: Return per unit of downside risk	2.73	2.14	+0.60
Omega ratio: Gain probability vs. loss probability	1.33	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	2.83	2.21	+0.63
Martin ratio: Return relative to average drawdown	9.27	9.43	-0.16

SPDG vs. SPYM - Sharpe Ratio Comparison

The current SPDG Sharpe Ratio is 1.90, which is comparable to the SPYM Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SPDG and SPYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPDG vs. SPYM - Drawdown Comparison

The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for SPDG and SPYM.

Drawdown Indicators

	SPDG	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-54.46%	+38.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.90%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-2.77%	-1.41%	-1.36%
Average Drawdown Average peak-to-trough decline	-2.19%	-7.11%	+4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.08%	+0.46%

Volatility

SPDG vs. SPYM - Volatility Comparison

SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and State Street SPDR Portfolio S&P 500 ETF (SPYM) have volatilities of 3.50% and 3.48%, 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.

Volatility by Period

	SPDG	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	3.48%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	10.09%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	12.83%	-0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	16.92%	-2.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.11%	18.01%	-3.90%

SPDG vs. SPYM - Expense Ratio Comparison

SPDG has a 0.05% expense ratio, which is higher than SPYM's 0.02% 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%.

Dividends

SPDG vs. SPYM - Dividend Comparison

SPDG's dividend yield for the trailing twelve months is around 2.72%, more than SPYM's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	2.72%	2.87%	2.61%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYM State Street SPDR Portfolio S&P 500 ETF	1.03%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%

Frequently Asked Questions

Can I hold both SPDG and SPYM in my portfolio?

SPDG and SPYM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPDG or SPYM?

SPDG has higher volatility (3.50%) compared to SPYM (3.48%). In terms of maximum drawdown, SPDG dropped -15.67% vs SPYM's -54.46%.

Which ETF is better, SPDG or SPYM?

On 1-year performance, SPDG leads with 24.51% vs 21.52% for SPYM. On fees, SPYM is cheaper at 0.02% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPDG or SPYM?

Over the 1-year period, SPDG has performed better with a 24.51% return vs 21.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPDG or SPYM?

SPYM is cheaper with a 0.02% expense ratio, compared with 0.05% for SPDG.

Which ETF pays a higher dividend yield, SPDG or SPYM?

SPDG has the higher dividend yield at 2.72%, compared with 1.03% for SPYM.

What is the main difference between SPDG and SPYM?

SPDG is categorized as Dividend, while SPYM is S&P 500. SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index, while SPYM tracks S&P 500 Index. Their fees differ too: 0.05% for SPDG and 0.02% for SPYM.

Which has better risk-adjusted returns?

SPDG currently has the higher Sharpe Ratio (1.90 vs 1.53), 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.