SPSM vs. ISCV
Compare and contrast key facts about SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and iShares Morningstar Small Cap Value ETF (ISCV).
SPSM and ISCV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPSM is a passively managed fund by State Street that tracks the performance of the S&P SmallCap 600 Index. It was launched on Jul 8, 2013. ISCV is a passively managed fund by iShares that tracks the performance of the Morningstar US Small Cap Broad Value Extended Index. It was launched on Jun 28, 2004. Both SPSM and ISCV 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: SPSM or ISCV.
Performance
SPSM vs. ISCV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SPSM having a 14.89% return and ISCV slightly higher at 14.96%. Over the past 10 years, SPSM has outperformed ISCV with an annualized return of 9.22%, while ISCV has yielded a comparatively lower 7.05% annualized return.
SPSM
14.89%
6.50%
14.98%
30.13%
10.65%
9.22%
ISCV
14.96%
5.86%
15.52%
30.04%
10.30%
7.05%
Key characteristics
| SPSM | ISCV | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.61 |
| Sortino Ratio | 2.29 | 2.34 |
| Omega Ratio | 1.27 | 1.29 |
| Calmar Ratio | 1.72 | 0.31 |
| Martin Ratio | 8.68 | 8.33 |
| Ulcer Index | 3.54% | 3.70% |
| Daily Std Dev | 19.96% | 19.15% |
| Max Drawdown | -42.89% | -100.00% |
| Current Drawdown | -2.51% | -99.99% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPSM vs. ISCV - Expense Ratio Comparison
SPSM has a 0.05% expense ratio, which is lower than ISCV's 0.06% 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 SPSM and ISCV is 0.93, 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
SPSM vs. ISCV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and iShares Morningstar Small Cap Value ETF (ISCV). 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
SPSM vs. ISCV - Dividend Comparison
SPSM's dividend yield for the trailing twelve months is around 1.77%, less than ISCV's 1.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.77% | 1.61% | 1.38% | 1.41% | 1.17% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% | 1.70% | 0.68% |
ISCV iShares Morningstar Small Cap Value ETF | 1.89% | 2.21% | 2.12% | 1.95% | 2.01% | 2.36% | 2.48% | 1.74% | 2.49% | 2.60% | 2.40% | 1.81% |
Drawdowns
SPSM vs. ISCV - Drawdown Comparison
The maximum SPSM drawdown since its inception was -42.89%, smaller than the maximum ISCV drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SPSM and ISCV. For additional features, visit the drawdowns tool.
Volatility
SPSM vs. ISCV - Volatility Comparison
SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a higher volatility of 7.51% compared to iShares Morningstar Small Cap Value ETF (ISCV) at 6.44%. This indicates that SPSM's price experiences larger fluctuations and is considered to be riskier than ISCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.