SPLG vs. SPY
Compare and contrast key facts about SPDR Portfolio S&P 500 ETF (SPLG) and SPDR S&P 500 ETF (SPY).
SPLG and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. 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 SPLG 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: SPLG or SPY.
Performance
SPLG vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SPLG having a 25.53% return and SPY slightly lower at 25.41%. Both investments have delivered pretty close results over the past 10 years, with SPLG having a 13.21% annualized return and SPY not far behind at 13.07%.
SPLG
25.53%
1.19%
12.22%
32.13%
15.59%
13.21%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| SPLG | SPY | |
|---|---|---|
| Sharpe Ratio | 2.64 | 2.62 |
| Sortino Ratio | 3.53 | 3.50 |
| Omega Ratio | 1.49 | 1.49 |
| Calmar Ratio | 3.79 | 3.78 |
| Martin Ratio | 17.07 | 17.00 |
| Ulcer Index | 1.87% | 1.87% |
| Daily Std Dev | 12.11% | 12.14% |
| Max Drawdown | -54.50% | -55.19% |
| Current Drawdown | -1.35% | -1.38% |
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SPLG vs. SPY - Expense Ratio Comparison
SPLG has a 0.03% 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%.
Correlation
The correlation between SPLG and SPY is 0.86, 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.
Risk-Adjusted Performance
SPLG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 ETF (SPLG) 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
SPLG vs. SPY - Dividend Comparison
SPLG's dividend yield for the trailing twelve months is around 1.24%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLG SPDR Portfolio S&P 500 ETF | 1.24% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SPLG vs. SPY - Drawdown Comparison
The maximum SPLG drawdown since its inception was -54.50%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPLG and SPY. For additional features, visit the drawdowns tool.
Volatility
SPLG vs. SPY - Volatility Comparison
SPDR Portfolio S&P 500 ETF (SPLG) and SPDR S&P 500 ETF (SPY) have volatilities of 4.09% and 4.09%, 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.