SPSM vs. CVSM

Last updated Jul 14, 2026

SPSM (State Street SPDR Portfolio S&P 600 Small Cap ETF) and CVSM (CresAlta Small & Mid-Cap ETF) are both Small Cap Blend Equities funds. SPSM is passively managed, while CVSM is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. SPSM charges 0.03%/yr vs 0.55%/yr for CVSM.

Performance

SPSM vs. CVSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and CresAlta Small & Mid-Cap ETF (CVSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPSM

• 1D: -0.41%
• 1M: 1.19%
• 6M: 15.20%
• YTD: 21.15%
• 1Y: 30.30%
• 3Y*: 14.54%
• 5Y*: 7.68%
• 10Y*: 10.91%

CVSM

• 1D: 0.17%
• 1M: -1.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPSM vs. CVSM - Yearly Performance Comparison

	2026 (YTD)
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	8.54%
CVSM CresAlta Small & Mid-Cap ETF	3.14%

Correlation

The correlation between SPSM and CVSM is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.76

Return for Risk

SPSM vs. CVSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPSM

SPSM Risk / Return Rank: 72
SPSM Sharpe Ratio Rank: 67
SPSM Sortino Ratio Rank: 71
SPSM Omega Ratio Rank: 63
SPSM Calmar Ratio Rank: 82
SPSM Martin Ratio Rank: 78

CVSM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPSM vs. CVSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and CresAlta Small & Mid-Cap ETF (CVSM). 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.

	SPSM	CVSM	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.57	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.49	—	—
Martin ratio: Return relative to average drawdown	11.75	—	—

Drawdowns

SPSM vs. CVSM - Drawdown Comparison

The maximum SPSM drawdown since its inception was -42.89%, which is greater than CVSM's maximum drawdown of -3.36%. Use the drawdown chart below to compare losses from any high point for SPSM and CVSM.

Drawdown Indicators

	SPSM	CVSM	Difference
Max Drawdown Largest peak-to-trough decline	-42.89%	-3.36%	-39.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.72%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.89%	—	—
Current Drawdown Current decline from peak	-2.25%	-1.46%	-0.79%
Average Drawdown Average peak-to-trough decline	-7.87%	-1.01%	-6.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	—	—

Volatility

Volatility by Period

	SPSM	CVSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	11.19%	+6.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.37%	11.19%	+10.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.94%	11.19%	+11.75%

SPSM vs. CVSM - Expense Ratio Comparison

SPSM has a 0.03% expense ratio, which is lower than CVSM's 0.55% expense ratio.

Dividends

SPSM vs. CVSM - Dividend Comparison

SPSM's dividend yield for the trailing twelve months is around 1.39%, more than CVSM's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVSM CresAlta Small & Mid-Cap ETF	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF	1.39%	1.62%	1.85%	1.61%	1.38%	1.40%	1.34%	1.58%	1.82%	1.51%	1.49%	2.37%

Frequently Asked Questions

Can I hold both SPSM and CVSM in my portfolio?

SPSM and CVSM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPSM or CVSM?

On fees, SPSM is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPSM or CVSM?

SPSM is cheaper with a 0.03% expense ratio, compared with 0.55% for CVSM.

Which ETF pays a higher dividend yield, SPSM or CVSM?

SPSM has the higher dividend yield at 1.39%, compared with 0.23% for CVSM.

What is the main difference between SPSM and CVSM?

They also come from different issuers: State Street and CresAlta. Their fees differ too: 0.03% for SPSM and 0.55% for CVSM.