SPSM vs. SCHA
Compare and contrast key facts about SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Schwab U.S. Small-Cap ETF (SCHA).
SPSM and SCHA 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. SCHA is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Small-Cap Total Stock Market Total Return Index. It was launched on Nov 3, 2009. Both SPSM and SCHA 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 SCHA.
Performance
SPSM vs. SCHA - Performance Comparison
Returns By Period
In the year-to-date period, SPSM achieves a 14.89% return, which is significantly lower than SCHA's 17.38% return. Both investments have delivered pretty close results over the past 10 years, with SPSM having a 9.22% annualized return and SCHA not far ahead at 9.46%.
SPSM
14.89%
6.50%
14.98%
30.13%
10.65%
9.22%
SCHA
17.38%
6.12%
16.13%
32.63%
10.65%
9.46%
Key characteristics
| SPSM | SCHA | |
|---|---|---|
| Sharpe Ratio | 1.54 | 1.73 |
| Sortino Ratio | 2.29 | 2.45 |
| Omega Ratio | 1.27 | 1.30 |
| Calmar Ratio | 1.72 | 1.61 |
| Martin Ratio | 8.68 | 9.80 |
| Ulcer Index | 3.54% | 3.42% |
| Daily Std Dev | 19.96% | 19.39% |
| Max Drawdown | -42.89% | -42.41% |
| Current Drawdown | -2.51% | -2.35% |
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SPSM vs. SCHA - Expense Ratio Comparison
SPSM has a 0.05% expense ratio, which is higher than SCHA's 0.04% expense ratio. However, 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 SCHA is 0.96, 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. SCHA - 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 Schwab U.S. Small-Cap ETF (SCHA). 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. SCHA - Dividend Comparison
SPSM's dividend yield for the trailing twelve months is around 1.77%, more than SCHA's 1.53% 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% |
SCHA Schwab U.S. Small-Cap ETF | 1.53% | 2.04% | 1.69% | 1.69% | 2.10% | 1.97% | 1.62% | 1.49% | 2.39% | 2.96% | 2.90% | 1.37% |
Drawdowns
SPSM vs. SCHA - Drawdown Comparison
The maximum SPSM drawdown since its inception was -42.89%, roughly equal to the maximum SCHA drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for SPSM and SCHA. For additional features, visit the drawdowns tool.
Volatility
SPSM vs. SCHA - Volatility Comparison
SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a higher volatility of 7.51% compared to Schwab U.S. Small-Cap ETF (SCHA) at 6.77%. This indicates that SPSM's price experiences larger fluctuations and is considered to be riskier than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.