SPYD vs. SPYG
Compare and contrast key facts about SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYD and SPYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both SPYD and SPYG 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: SPYD or SPYG.
Performance
SPYD vs. SPYG - Performance Comparison
Returns By Period
In the year-to-date period, SPYD achieves a 20.15% return, which is significantly lower than SPYG's 31.50% return.
SPYD
20.15%
-1.32%
12.60%
33.94%
8.08%
N/A
SPYG
31.50%
1.51%
14.28%
37.56%
17.26%
14.87%
Key characteristics
| SPYD | SPYG | |
|---|---|---|
| Sharpe Ratio | 2.55 | 2.22 |
| Sortino Ratio | 3.55 | 2.90 |
| Omega Ratio | 1.45 | 1.41 |
| Calmar Ratio | 2.07 | 2.81 |
| Martin Ratio | 16.91 | 11.80 |
| Ulcer Index | 1.96% | 3.21% |
| Daily Std Dev | 13.04% | 17.04% |
| Max Drawdown | -46.42% | -67.79% |
| Current Drawdown | -1.32% | -2.77% |
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SPYD vs. SPYG - Expense Ratio Comparison
SPYD has a 0.07% expense ratio, which is higher than SPYG's 0.04% 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 SPYD and SPYG is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SPYD vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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
SPYD vs. SPYG - Dividend Comparison
SPYD's dividend yield for the trailing twelve months is around 4.06%, more than SPYG's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.06% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.66% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
SPYD vs. SPYG - Drawdown Comparison
The maximum SPYD drawdown since its inception was -46.42%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for SPYD and SPYG. For additional features, visit the drawdowns tool.
Volatility
SPYD vs. SPYG - Volatility Comparison
The current volatility for SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is 3.42%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.52%. This indicates that SPYD experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.