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SPSM vs. SPLG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPSM and SPLG is 0.77, 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.


-0.50.00.51.00.8

Performance

SPSM vs. SPLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and SPDR Portfolio S&P 500 ETF (SPLG). The values are adjusted to include any dividend payments, if applicable.

150.00%200.00%250.00%300.00%350.00%OctoberNovemberDecember2025FebruaryMarch
156.85%
335.12%
SPSM
SPLG

Key characteristics

Sharpe Ratio

SPSM:

0.23

SPLG:

1.32

Sortino Ratio

SPSM:

0.48

SPLG:

1.80

Omega Ratio

SPSM:

1.06

SPLG:

1.24

Calmar Ratio

SPSM:

0.33

SPLG:

2.01

Martin Ratio

SPSM:

0.94

SPLG:

8.06

Ulcer Index

SPSM:

4.72%

SPLG:

2.11%

Daily Std Dev

SPSM:

19.11%

SPLG:

12.90%

Max Drawdown

SPSM:

-42.89%

SPLG:

-54.52%

Current Drawdown

SPSM:

-13.53%

SPLG:

-4.72%

Returns By Period

In the year-to-date period, SPSM achieves a -5.21% return, which is significantly lower than SPLG's -0.35% return. Over the past 10 years, SPSM has underperformed SPLG with an annualized return of 7.68%, while SPLG has yielded a comparatively higher 12.95% annualized return.


SPSM

YTD

-5.21%

1M

-7.92%

6M

-4.94%

1Y

3.31%

5Y*

9.56%

10Y*

7.68%

SPLG

YTD

-0.35%

1M

-2.97%

6M

4.34%

1Y

15.40%

5Y*

15.15%

10Y*

12.95%

*Annualized

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. SPLG - Expense Ratio Comparison

SPSM has a 0.05% expense ratio, which is higher than SPLG's 0.03% 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%.


SPSM
SPDR Portfolio S&P 600 Small Cap ETF
Expense ratio chart for SPSM: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%
Expense ratio chart for SPLG: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

SPSM vs. SPLG — Risk-Adjusted Performance Rank

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

SPSM
The Risk-Adjusted Performance Rank of SPSM is 1818
Overall Rank
The Sharpe Ratio Rank of SPSM is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of SPSM is 1616
Sortino Ratio Rank
The Omega Ratio Rank of SPSM is 1616
Omega Ratio Rank
The Calmar Ratio Rank of SPSM is 2222
Calmar Ratio Rank
The Martin Ratio Rank of SPSM is 1818
Martin Ratio Rank

SPLG
The Risk-Adjusted Performance Rank of SPLG is 6767
Overall Rank
The Sharpe Ratio Rank of SPLG is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of SPLG is 6161
Sortino Ratio Rank
The Omega Ratio Rank of SPLG is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SPLG is 7373
Calmar Ratio Rank
The Martin Ratio Rank of SPLG is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPSM vs. SPLG - 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 SPDR Portfolio S&P 500 ETF (SPLG). 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.


Sharpe ratio
The chart of Sharpe ratio for SPSM, currently valued at 0.23, compared to the broader market-1.000.001.002.003.004.005.000.231.32
The chart of Sortino ratio for SPSM, currently valued at 0.48, compared to the broader market-2.000.002.004.006.008.0010.000.481.80
The chart of Omega ratio for SPSM, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.061.24
The chart of Calmar ratio for SPSM, currently valued at 0.33, compared to the broader market0.005.0010.0015.000.332.01
The chart of Martin ratio for SPSM, currently valued at 0.94, compared to the broader market0.0020.0040.0060.0080.00100.000.948.06
SPSM
SPLG

The current SPSM Sharpe Ratio is 0.23, which is lower than the SPLG Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of SPSM and SPLG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00OctoberNovemberDecember2025FebruaryMarch
0.23
1.32
SPSM
SPLG

Dividends

SPSM vs. SPLG - Dividend Comparison

SPSM's dividend yield for the trailing twelve months is around 1.95%, more than SPLG's 1.28% yield.


TTM20242023202220212020201920182017201620152014
SPSM
SPDR Portfolio S&P 600 Small Cap ETF
1.95%1.85%1.61%1.38%1.41%1.17%1.58%1.82%1.51%1.49%2.37%1.70%
SPLG
SPDR Portfolio S&P 500 ETF
1.28%1.28%1.44%1.69%1.25%1.54%1.79%2.23%1.75%1.97%1.98%1.79%

Drawdowns

SPSM vs. SPLG - Drawdown Comparison

The maximum SPSM drawdown since its inception was -42.89%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for SPSM and SPLG. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2025FebruaryMarch
-13.53%
-4.72%
SPSM
SPLG

Volatility

SPSM vs. SPLG - Volatility Comparison

SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a higher volatility of 5.07% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.94%. This indicates that SPSM's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%OctoberNovemberDecember2025FebruaryMarch
5.07%
3.94%
SPSM
SPLG
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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