SPYG vs. SPYD
Compare and contrast key facts about SPDR Portfolio S&P 500 Growth ETF (SPYG) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPYG and SPYD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 SPYG 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: SPYG or SPYD.
Key characteristics
| SPYG | SPYD | |
|---|---|---|
| YTD Return | 7.81% | 1.70% |
| 1Y Return | 27.39% | 11.63% |
| 3Y Return (Ann) | 6.16% | 3.77% |
| 5Y Return (Ann) | 13.88% | 5.34% |
| Sharpe Ratio | 1.87 | 0.57 |
| Daily Std Dev | 13.89% | 15.93% |
| Max Drawdown | -67.79% | -46.42% |
| Current Drawdown | -5.00% | -4.82% |
Correlation
The correlation between SPYG and SPYD is 0.56, 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.
Performance
SPYG vs. SPYD - Performance Comparison
In the year-to-date period, SPYG achieves a 7.81% return, which is significantly higher than SPYD's 1.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYG vs. SPYD - Expense Ratio Comparison
SPYG has a 0.04% expense ratio, which is lower than SPYD's 0.07% 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%.
Risk-Adjusted Performance
SPYG vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Growth ETF (SPYG) 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
SPYG vs. SPYD - Dividend Comparison
SPYG's dividend yield for the trailing twelve months is around 0.97%, less than SPYD's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.97% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.59% | 4.66% | 5.01% | 3.68% | 4.95% | 4.43% | 4.75% | 4.63% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
SPYG vs. SPYD - Drawdown Comparison
The maximum SPYG drawdown since its inception was -67.79%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPYG and SPYD. For additional features, visit the drawdowns tool.
Volatility
SPYG vs. SPYD - Volatility Comparison
SPDR Portfolio S&P 500 Growth ETF (SPYG) has a higher volatility of 5.60% compared to SPDR Portfolio S&P 500 High Dividend ETF (SPYD) at 4.53%. This indicates that SPYG'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.