SPGI vs. SPY
SPGI (S&P Global Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SPGI returned 14.16%/yr vs 15.07%/yr for SPY. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
SPGI vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -20.81% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, SPGI has underperformed SPY with an annualized return of 14.16%, while SPY has yielded a comparatively higher 15.07% annualized return.
SPGI
- 1D
- -0.74%
- 1M
- -6.36%
- 6M
- -21.59%
- YTD
- -20.81%
- 1Y
- -23.87%
- 3Y*
- 1.95%
- 5Y*
- 0.04%
- 10Y*
- 14.16%
- ALL TIME*
- 12.79%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SPGI S&P Global Inc. | $969.59M | $925.31M | $956.08M |
| $37.27B | $35.99B | $39.23B |
SPGI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -20.81% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between SPGI and SPY is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.60 |
Over the past year, the correlation between SPGI and SPY has dropped to 0.18 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
SPGI vs. SPY — Risk / Return Rank
SPGI
SPY
SPGI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
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.
| SPGI | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.27 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 2.20 | -3.01 |
| Martin ratioReturn relative to average drawdown | -1.35 | 9.40 | -10.75 |
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Drawdowns
SPGI vs. SPY - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPGI and SPY.
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Drawdown Indicators
| SPGI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -55.19% | -19.48% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -8.88% | -21.60% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -18.76% | -11.72% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -24.50% | -15.26% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -33.72% | -6.04% |
Current DrawdownCurrent decline from peak | -26.37% | -1.40% | -24.97% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -9.01% | -6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.28% | 2.08% | +16.20% |
Volatility
SPGI vs. SPY - Volatility Comparison
S&P Global Inc. (SPGI) has a higher volatility of 10.71% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that SPGI's price experiences larger fluctuations and is considered to be riskier 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
| SPGI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 3.58% | +7.13% |
Volatility (6M)Calculated over the trailing 6-month period | 25.67% | 10.14% | +15.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.83% | 12.89% | +16.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.97% | 17.18% | +7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.10% | 17.95% | +8.15% |
Dividends
SPGI vs. SPY - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.94%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | 0.94% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
SPGI and SPY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (10.71%) compared to SPY (3.58%). In terms of maximum drawdown, SPGI dropped -74.67% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.84), 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.
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