SPSM vs. SGRNX
Compare and contrast key facts about SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Allspring Growth Fund (SGRNX).
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. SGRNX is managed by Allspring Global Investments. It was launched on Feb 24, 2000.
Performance
SPSM vs. SGRNX - Performance Comparison
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SPSM vs. SGRNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 4.17% | 6.11% | 8.55% | 16.11% | -16.12% | 26.67% | 11.69% | 25.85% | -11.17% | 15.44% |
SGRNX Allspring Growth Fund | -9.51% | 15.34% | 29.43% | 34.06% | -36.92% | 7.43% | 49.20% | 37.61% | 0.69% | 35.24% |
Returns By Period
In the year-to-date period, SPSM achieves a 4.17% return, which is significantly higher than SGRNX's -9.51% return. Over the past 10 years, SPSM has underperformed SGRNX with an annualized return of 10.12%, while SGRNX has yielded a comparatively higher 13.61% annualized return.
SPSM
- 1D
- 0.66%
- 1M
- -4.08%
- YTD
- 4.17%
- 6M
- 5.65%
- 1Y
- 20.97%
- 3Y*
- 10.75%
- 5Y*
- 4.29%
- 10Y*
- 10.12%
SGRNX
- 1D
- 4.61%
- 1M
- -6.12%
- YTD
- -9.51%
- 6M
- -12.99%
- 1Y
- 15.54%
- 3Y*
- 16.51%
- 5Y*
- 4.19%
- 10Y*
- 13.61%
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SPSM vs. SGRNX - Expense Ratio Comparison
SPSM has a 0.05% expense ratio, which is lower than SGRNX's 0.75% expense ratio.
Return for Risk
SPSM vs. SGRNX — Risk / Return Rank
SPSM
SGRNX
SPSM vs. SGRNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Allspring Growth Fund (SGRNX). 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.
| SPSM | SGRNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 0.69 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.13 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.85 | +0.59 |
Martin ratioReturn relative to average drawdown | 5.80 | 2.75 | +3.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPSM | SGRNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 0.69 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.16 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.56 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.39 | +0.03 |
Correlation
The correlation between SPSM and SGRNX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPSM vs. SGRNX - Dividend Comparison
SPSM's dividend yield for the trailing twelve months is around 1.58%, less than SGRNX's 23.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.58% | 1.62% | 1.85% | 1.61% | 1.38% | 1.40% | 1.34% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% |
SGRNX Allspring Growth Fund | 23.41% | 21.19% | 21.72% | 7.14% | 4.93% | 16.48% | 10.02% | 9.81% | 19.24% | 27.01% | 18.95% | 13.11% |
Drawdowns
SPSM vs. SGRNX - Drawdown Comparison
The maximum SPSM drawdown since its inception was -42.89%, smaller than the maximum SGRNX drawdown of -52.68%. Use the drawdown chart below to compare losses from any high point for SPSM and SGRNX.
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Drawdown Indicators
| SPSM | SGRNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -52.68% | +9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -18.99% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.94% | -49.79% | +21.85% |
Max Drawdown (10Y)Largest decline over 10 years | -42.89% | -49.79% | +6.90% |
Current DrawdownCurrent decline from peak | -5.18% | -15.25% | +10.07% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -15.71% | +7.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 5.86% | -2.18% |
Volatility
SPSM vs. SGRNX - Volatility Comparison
The current volatility for SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is 6.26%, while Allspring Growth Fund (SGRNX) has a volatility of 8.60%. This indicates that SPSM experiences smaller price fluctuations and is considered to be less risky than SGRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSM | SGRNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 8.60% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 14.58% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 24.26% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 25.94% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.97% | 24.42% | -1.45% |