SPLG vs. SPYV
Compare and contrast key facts about SPDR Portfolio S&P 500 ETF (SPLG) and SPDR Portfolio S&P 500 Value ETF (SPYV).
SPLG and SPYV 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. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. Both SPLG and SPYV 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 SPYV.
Performance
SPLG vs. SPYV - Performance Comparison
Returns By Period
In the year-to-date period, SPLG achieves a 25.53% return, which is significantly higher than SPYV's 16.96% return. Over the past 10 years, SPLG has outperformed SPYV with an annualized return of 13.21%, while SPYV has yielded a comparatively lower 10.42% annualized return.
SPLG
25.53%
1.19%
12.22%
32.13%
15.59%
13.21%
SPYV
16.96%
0.56%
9.11%
25.22%
12.25%
10.42%
Key characteristics
| SPLG | SPYV | |
|---|---|---|
| Sharpe Ratio | 2.64 | 2.50 |
| Sortino Ratio | 3.53 | 3.51 |
| Omega Ratio | 1.49 | 1.45 |
| Calmar Ratio | 3.79 | 4.56 |
| Martin Ratio | 17.07 | 14.64 |
| Ulcer Index | 1.87% | 1.70% |
| Daily Std Dev | 12.11% | 9.93% |
| Max Drawdown | -54.50% | -58.45% |
| Current Drawdown | -1.35% | -1.25% |
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SPLG vs. SPYV - Expense Ratio Comparison
SPLG has a 0.03% expense ratio, which is lower than SPYV's 0.04% 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 SPYV is 0.80, 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. SPYV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 ETF (SPLG) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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. SPYV - Dividend Comparison
SPLG's dividend yield for the trailing twelve months is around 1.24%, less than SPYV's 1.96% 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% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.96% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
Drawdowns
SPLG vs. SPYV - Drawdown Comparison
The maximum SPLG drawdown since its inception was -54.50%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for SPLG and SPYV. For additional features, visit the drawdowns tool.
Volatility
SPLG vs. SPYV - Volatility Comparison
SPDR Portfolio S&P 500 ETF (SPLG) has a higher volatility of 4.09% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 3.35%. This indicates that SPLG's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.