SPY vs. SPYD
Compare and contrast key facts about SPDR S&P 500 ETF (SPY) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPY and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both SPY and SPYD 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: SPY or SPYD.
Performance
SPY vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, SPY achieves a 26.08% return, which is significantly higher than SPYD's 22.20% return.
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
SPYD
22.20%
1.64%
18.06%
35.66%
8.75%
N/A
Key characteristics
| SPY | SPYD | |
|---|---|---|
| Sharpe Ratio | 2.70 | 2.77 |
| Sortino Ratio | 3.60 | 3.83 |
| Omega Ratio | 1.50 | 1.50 |
| Calmar Ratio | 3.90 | 2.30 |
| Martin Ratio | 17.52 | 18.40 |
| Ulcer Index | 1.87% | 1.97% |
| Daily Std Dev | 12.14% | 13.05% |
| Max Drawdown | -55.19% | -46.42% |
| Current Drawdown | -0.85% | 0.00% |
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SPY vs. SPYD - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is higher than SPYD's 0.07% 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%.
Correlation
The correlation between SPY and SPYD is 0.71, 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
SPY vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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
SPY vs. SPYD - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.18%, less than SPYD's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 3.99% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
SPY vs. SPYD - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPY and SPYD. For additional features, visit the drawdowns tool.
Volatility
SPY vs. SPYD - Volatility Comparison
SPDR S&P 500 ETF (SPY) has a higher volatility of 3.98% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 3.38%. This indicates that SPY's price experiences larger fluctuations and is considered to be riskier than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.