SPY vs. V

Last updated Apr 9, 2026

SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while V (Visa Inc.) is a stock. Over the past 10 years, SPY returned 14.55%/yr vs 15.56%/yr for V. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

SPY vs. V - Performance Comparison

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

Returns By Period

In the year-to-date period, SPY achieves a -0.60% return, which is significantly higher than V's -11.72% return. Over the past 10 years, SPY has underperformed V with an annualized return of 14.55%, while V has yielded a comparatively higher 15.56% annualized return.

SPY

• 1D: 2.55%
• 1M: -0.06%
• YTD: -0.60%
• 6M: 1.00%
• 1Y: 37.72%
• 3Y*: 19.74%
• 5Y*: 11.96%
• 10Y*: 14.55%

V

• 1D: 2.12%
• 1M: -2.22%
• YTD: -11.72%
• 6M: -11.71%
• 1Y: 0.97%
• 3Y*: 11.83%
• 5Y*: 7.57%
• 10Y*: 15.56%

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

SPY vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPY State Street SPDR S&P 500 ETF	-0.60%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%
V Visa Inc.	-11.72%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Correlation

The correlation between SPY and V is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Mar 20, 2008	0.63

The correlation between SPY and V shifts across timeframes, from 0.49 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPY vs. V — Risk / Return Rank

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

SPY

SPY Risk / Return Rank: 78
SPY Sharpe Ratio Rank: 66
SPY Sortino Ratio Rank: 75
SPY Omega Ratio Rank: 78
SPY Calmar Ratio Rank: 83
SPY Martin Ratio Rank: 89

V

V Risk / Return Rank: 32
V Sharpe Ratio Rank: 34
V Sortino Ratio Rank: 27
V Omega Ratio Rank: 27
V Calmar Ratio Rank: 35
V Martin Ratio Rank: 36

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. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ETF (SPY) and Visa Inc. (V). 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.

	SPY	V	Difference
Sharpe ratio Return per unit of total volatility	2.18	0.04	+2.13
Sortino ratio Return per unit of downside risk	3.49	0.22	+3.27
Omega ratio Gain probability vs. loss probability	1.50	1.03	+0.47
Calmar ratio Return relative to maximum drawdown	3.98	-0.03	+4.00
Martin ratio Return relative to average drawdown	17.31	-0.06	+17.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY vs. V - Sharpe Ratio Comparison

The current SPY Sharpe Ratio is 2.18, which is higher than the V Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of SPY and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPY	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	0.04	+2.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.34	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.64	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.69	-0.12

Drawdowns

SPY vs. V - Drawdown Comparison

The maximum SPY drawdown since its inception was -55.19%, which is greater than V's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for SPY and V.

Drawdown Indicators

	SPY	V	Difference
Max Drawdown Largest peak-to-trough decline	-55.19%	-51.90%	-3.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-20.38%	+11.50%
Max Drawdown (5Y) Largest decline over 5 years	-24.50%	-28.60%	+4.10%
Max Drawdown (10Y) Largest decline over 10 years	-33.72%	-36.36%	+2.64%
Current Drawdown Current decline from peak	-2.54%	-16.76%	+14.22%
Average Drawdown Average peak-to-trough decline	-9.09%	-8.21%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	9.49%	-7.45%

Volatility

SPY vs. V - Volatility Comparison

The current volatility for State Street SPDR S&P 500 ETF (SPY) is 5.71%, while Visa Inc. (V) has a volatility of 6.25%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPY	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	6.25%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	15.45%	-5.62%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	22.49%	-4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.08%	22.47%	-5.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	24.32%	-6.39%

Dividends

SPY vs. V - Dividend Comparison

SPY's dividend yield for the trailing twelve months is around 1.09%, more than V's 0.82% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY State Street SPDR S&P 500 ETF	1.09%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
V Visa Inc.	0.82%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%