SPY vs. MOOD

Last updated Jun 13, 2026

SPY (State Street SPDR S&P 500 ETF) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - SPY is a S&P 500 fund tracking the S&P 500 Index, while MOOD is a Tactical Allocation fund actively managed by Relative Sentiment. SPY is passively managed, while MOOD is actively managed. Over the past 3 years, SPY returned 20.86%/yr vs 20.20%/yr for MOOD. A 0.79 correlation means they provide meaningful diversification when combined. SPY charges 0.09%/yr vs 0.68%/yr for MOOD.

Performance

SPY vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 ETF (SPY) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPY achieves a 9.07% return, which is significantly lower than MOOD's 14.12% return.

SPY

• 1D: 0.54%
• 1M: -0.86%
• YTD: 9.07%
• 6M: 9.42%
• 1Y: 25.67%
• 3Y*: 20.86%
• 5Y*: 13.36%
• 10Y*: 15.42%

MOOD

• 1D: 0.41%
• 1M: 0.95%
• YTD: 14.12%
• 6M: 15.59%
• 1Y: 34.43%
• 3Y*: 20.20%
• 5Y*: —
• 10Y*: —

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

SPY vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPY State Street SPDR S&P 500 ETF	9.07%	17.72%	24.89%	26.18%	-1.13%
MOOD Relative Sentiment Tactical Allocation ETF	14.12%	30.39%	12.53%	12.56%	-3.31%

Correlation

The correlation between SPY and MOOD is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.79

The correlation between SPY and MOOD has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

SPY vs. MOOD - Sectors Allocation Comparison

Sectors	SPY	MOOD
Technology	35.9%	27.6%
Financial Services	11.8%	15.7%
Communication Services	11.3%	7.9%
Consumer Cyclical	10.3%	9.5%
Healthcare	8.4%	8.4%
Industrials	7.8%	12.6%
Consumer Defensive	4.8%	5.1%
Energy	3.6%	3.7%
Utilities	2.4%	2.7%
Real Estate	1.9%	2.5%
Basic Materials	1.8%	4.4%

Return for Risk

SPY vs. MOOD — Risk / Return Rank

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

SPY

SPY Risk / Return Rank: 70
SPY Sharpe Ratio Rank: 71
SPY Sortino Ratio Rank: 69
SPY Omega Ratio Rank: 71
SPY Calmar Ratio Rank: 63
SPY Martin Ratio Rank: 76

MOOD

MOOD Risk / Return Rank: 77
MOOD Sharpe Ratio Rank: 83
MOOD Sortino Ratio Rank: 70
MOOD Omega Ratio Rank: 86
MOOD Calmar Ratio Rank: 77
MOOD Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPY vs. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ETF (SPY) and Relative Sentiment Tactical Allocation ETF (MOOD). 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.

	SPY	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.32	-0.34
Sortino ratio: Return per unit of downside risk	2.68	2.76	-0.07
Omega ratio: Gain probability vs. loss probability	1.36	1.45	-0.09
Calmar ratio: Return relative to maximum drawdown	2.74	3.46	-0.72
Martin ratio: Return relative to average drawdown	12.39	10.68	+1.71

SPY vs. MOOD - Sharpe Ratio Comparison

The current SPY Sharpe Ratio is 1.98, which is comparable to the MOOD Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SPY and MOOD, 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

SPY vs. MOOD - Drawdown Comparison

The maximum SPY drawdown since its inception was -55.19%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for SPY and MOOD.

Drawdown Indicators

	SPY	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-55.19%	-14.34%	-40.85%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-9.71%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	-18.76%	-9.71%	-9.05%
Max Drawdown (5Y) Largest decline over 5 years	-24.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	—	—
Current Drawdown Current decline from peak	-2.35%	-0.86%	-1.49%
Average Drawdown Average peak-to-trough decline	-9.04%	-2.32%	-6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	3.14%	-1.17%

Volatility

SPY vs. MOOD - Volatility Comparison

State Street SPDR S&P 500 ETF (SPY) and Relative Sentiment Tactical Allocation ETF (MOOD) have volatilities of 4.34% and 4.19%, 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

	SPY	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.19%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	12.73%	-3.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	14.49%	-2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.12%	12.13%	+4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	12.13%	+5.83%

SPY vs. MOOD - Expense Ratio Comparison

SPY has a 0.09% expense ratio, which is lower than MOOD's 0.68% expense ratio.

Dividends

SPY vs. MOOD - Dividend Comparison

SPY's dividend yield for the trailing twelve months is around 1.00%, more than MOOD's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MOOD Relative Sentiment Tactical Allocation ETF	0.35%	0.40%	1.33%	1.34%	1.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.00%	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 SPY and MOOD in my portfolio?

SPY and MOOD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPY or MOOD?

SPY has higher volatility (4.34%) compared to MOOD (4.19%). In terms of maximum drawdown, SPY dropped -55.19% vs MOOD's -14.34%.

Which ETF is better, SPY or MOOD?

On 3-year performance, SPY leads with 20.86% vs 20.20% for MOOD. On fees, SPY is cheaper at 0.09% per year. On volatility, MOOD has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPY or MOOD?

Over the 3-year period, SPY has performed better with a 20.86% return vs 20.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPY or MOOD?

SPY is cheaper with a 0.09% expense ratio, compared with 0.68% for MOOD.

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

SPY has the higher dividend yield at 1.00%, compared with 0.35% for MOOD.

What is the main difference between SPY and MOOD?

SPY is categorized as S&P 500, while MOOD is Tactical Allocation. They also come from different issuers: State Street and Relative Sentiment. Their fees differ too: 0.09% for SPY and 0.68% for MOOD.

Which has better risk-adjusted returns?

MOOD currently has the higher Sharpe Ratio (2.32 vs 1.98), 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.