SPTM vs. SPY

Last updated Aug 2, 2026

SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - SPTM is a Large Cap Blend Equities fund tracking the S&P Composite 1500 Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SPTM returned 14.86%/yr vs 15.07%/yr for SPY. Their correlation of 0.93 means they have usually moved in the same direction. SPTM charges 0.03%/yr vs 0.09%/yr for SPY.

Performance

SPTM vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPTM having a 10.61% return and SPY slightly lower at 10.13%. Both investments have delivered pretty close results over the past 10 years, with SPTM having a 14.86% annualized return and SPY not far ahead at 15.07%.

SPTM

• 1D: 0.62%
• 1M: 0.21%
• 6M: 8.81%
• YTD: 10.61%
• 1Y: 21.87%
• 3Y*: 18.90%
• 5Y*: 12.48%
• 10Y*: 14.86%
• ALL TIME*: 8.78%

SPY

• 1D: 0.72%
• 1M: 0.30%
• 6M: 8.53%
• YTD: 10.13%
• 1Y: 21.49%
• 3Y*: 19.32%
• 5Y*: 12.76%
• 10Y*: 15.07%
• ALL TIME*: 10.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	$40.04M	$39.69M	$45.49M
SPY State Street SPDR S&P 500 ETF	$37.27B	$35.99B	$39.23B

SPTM vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	10.61%	16.93%	23.87%	25.55%	-17.75%	28.58%	17.94%	31.34%	-5.30%	21.18%
SPY State Street SPDR S&P 500 ETF	10.13%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between SPTM and SPY is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (3Y) Balances recent behavior with more history.	1.00
Correlation (5Y) Shows whether the relationship held over a longer period.	1.00
Correlation (10Y) Provides a long-term view across more market conditions.	0.99
Correlation (All Time) Calculated using the full available price history since Oct 10, 2000	0.93

The correlation between SPTM and SPY has been stable across timeframes, ranging from 0.93 to 1.00 - a consistent structural relationship.

SPTM vs. SPY - Sectors Allocation Comparison

Sectors	SPTM	SPY
Technology	36.3%	36.9%
Financial Services	12.5%	12.5%
Healthcare	9.3%	9.4%
Consumer Cyclical	9.1%	8.9%
Industrials	8.8%	7.6%
Communication Services	8.7%	9.7%
Consumer Defensive	4.5%	4.8%
Energy	3.5%	3.4%
Utilities	2.6%	2.6%
Real Estate	2.3%	2.0%
Basic Materials	2.2%	1.9%

Return for Risk

SPTM vs. SPY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPTM

SPTM Risk / Return Rank: 70
SPTM Sharpe Ratio Rank: 69
SPTM Sortino Ratio Rank: 66
SPTM Omega Ratio Rank: 67
SPTM Calmar Ratio Rank: 67
SPTM Martin Ratio Rank: 79

SPY

SPY Risk / Return Rank: 67
SPY Sharpe Ratio Rank: 67
SPY Sortino Ratio Rank: 64
SPY Omega Ratio Rank: 65
SPY Calmar Ratio Rank: 64
SPY Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPTM vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) and State Street SPDR S&P 500 ETF (SPY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPTM	SPY	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.52	+0.05
Sortino ratio: Return per unit of downside risk	2.18	2.11	+0.07
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.31	2.20	+0.11
Martin ratio: Return relative to average drawdown	10.07	9.40	+0.67

SPTM vs. SPY - Sharpe Ratio Comparison

The current SPTM Sharpe Ratio is 1.57, which is comparable to the SPY Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of SPTM and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPTM vs. SPY - Drawdown Comparison

The maximum SPTM drawdown since its inception was -54.80%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPTM and SPY.

Drawdown Indicators

	SPTM	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-54.80%	-55.19%	+0.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-8.88%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-18.87%	-18.76%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-24.14%	-24.50%	+0.36%
Max Drawdown (10Y) Largest decline over 10 years	-34.66%	-33.72%	-0.94%
Current Drawdown Current decline from peak	-1.11%	-1.40%	+0.29%
Average Drawdown Average peak-to-trough decline	-9.00%	-9.01%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.08%	-0.09%

Volatility

SPTM vs. SPY - Volatility Comparison

SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 3.50% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTM	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	3.58%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	10.14%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	12.89%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.97%	17.18%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	17.95%	+0.08%

SPTM vs. SPY - Expense Ratio Comparison

SPTM has a 0.03% expense ratio, which is lower than SPY's 0.09% 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%.

Dividends

SPTM vs. SPY - Dividend Comparison

SPTM's dividend yield for the trailing twelve months is around 1.06%, more than SPY's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.06%	1.13%	1.28%	1.44%	1.69%	1.25%	1.56%	1.72%	1.90%	1.66%	1.91%	1.92%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both SPTM and SPY in my portfolio?

With a correlation of 1.00, SPTM and SPY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SPTM or SPY?

SPY has higher volatility (3.58%) compared to SPTM (3.50%). In terms of maximum drawdown, SPTM dropped -54.80% vs SPY's -55.19%.

Which ETF is better, SPTM or SPY?

On 10-year performance, SPY leads with 15.07% vs 14.86% for SPTM. On fees, SPTM is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTM or SPY?

Over the 10-year period, SPY has performed better with a 15.07% return vs 14.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTM or SPY?

SPTM is cheaper with a 0.03% expense ratio, compared with 0.09% for SPY.

Which ETF pays a higher dividend yield, SPTM or SPY?

SPTM has the higher dividend yield at 1.06%, compared with 1.01% for SPY.

What is the main difference between SPTM and SPY?

SPTM is categorized as Large Cap Blend Equities, while SPY is S&P 500. SPTM tracks S&P Composite 1500 Index, while SPY tracks S&P 500 Index. Their fees differ too: 0.03% for SPTM and 0.09% for SPY.

Which has better risk-adjusted returns?

SPTM currently has the higher Sharpe Ratio (1.57 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.