SPSM vs. VB
Compare and contrast key facts about SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and Vanguard Small-Cap ETF (VB).
SPSM and VB 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. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004. Both SPSM and VB 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 VB.
Performance
SPSM vs. VB - Performance Comparison
Returns By Period
In the year-to-date period, SPSM achieves a 14.89% return, which is significantly lower than VB's 20.14% return. Over the past 10 years, SPSM has underperformed VB with an annualized return of 9.22%, while VB has yielded a comparatively higher 9.70% annualized return.
SPSM
14.89%
6.50%
14.98%
30.13%
10.65%
9.22%
VB
20.14%
6.55%
15.94%
33.93%
11.33%
9.70%
Key characteristics
| SPSM | VB | |
|---|---|---|
| Sharpe Ratio | 1.54 | 2.03 |
| Sortino Ratio | 2.29 | 2.81 |
| Omega Ratio | 1.27 | 1.35 |
| Calmar Ratio | 1.72 | 2.03 |
| Martin Ratio | 8.68 | 11.15 |
| Ulcer Index | 3.54% | 3.12% |
| Daily Std Dev | 19.96% | 17.16% |
| Max Drawdown | -42.89% | -59.58% |
| Current Drawdown | -2.51% | -0.96% |
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SPSM vs. VB - Expense Ratio Comparison
Both SPSM and VB have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between SPSM and VB is 0.95, 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. VB - 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 Vanguard Small-Cap ETF (VB). 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. VB - Dividend Comparison
SPSM's dividend yield for the trailing twelve months is around 1.77%, more than VB's 1.30% 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% |
VB Vanguard Small-Cap ETF | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% | 1.43% | 1.31% |
Drawdowns
SPSM vs. VB - Drawdown Comparison
The maximum SPSM drawdown since its inception was -42.89%, smaller than the maximum VB drawdown of -59.58%. Use the drawdown chart below to compare losses from any high point for SPSM and VB. For additional features, visit the drawdowns tool.
Volatility
SPSM vs. VB - Volatility Comparison
SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has a higher volatility of 7.51% compared to Vanguard Small-Cap ETF (VB) at 5.62%. This indicates that SPSM's price experiences larger fluctuations and is considered to be riskier than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.