SPYV vs. AAPL

Last updated Jun 9, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index, while AAPL (Apple Inc) is a stock. Over the past 10 years, SPYV returned 11.83%/yr vs 29.63%/yr for AAPL. At a 0.44 correlation, their price movements are largely independent.

Performance

SPYV vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYV achieves a 6.98% return, which is significantly lower than AAPL's 11.12% return. Over the past 10 years, SPYV has underperformed AAPL with an annualized return of 11.83%, while AAPL has yielded a comparatively higher 29.63% annualized return.

SPYV

• 1D: -0.23%
• 1M: 0.75%
• YTD: 6.98%
• 6M: 7.88%
• 1Y: 20.07%
• 3Y*: 15.23%
• 5Y*: 10.75%
• 10Y*: 11.83%

AAPL

• 1D: -1.89%
• 1M: 2.90%
• YTD: 11.12%
• 6M: 8.71%
• 1Y: 48.46%
• 3Y*: 19.11%
• 5Y*: 19.46%
• 10Y*: 29.63%

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

SPYV vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYV SPDR Portfolio S&P 500 Value ETF	6.98%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%
AAPL Apple Inc	11.12%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-5.39%	48.46%

Correlation

The correlation between SPYV and AAPL is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Oct 3, 2000	0.44

The correlation between SPYV and AAPL shifts across timeframes, from 0.44 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SPYV vs. AAPL — Risk / Return Rank

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

SPYV

SPYV Risk / Return Rank: 70
SPYV Sharpe Ratio Rank: 69
SPYV Sortino Ratio Rank: 70
SPYV Omega Ratio Rank: 68
SPYV Calmar Ratio Rank: 71
SPYV Martin Ratio Rank: 73

AAPL

AAPL Risk / Return Rank: 88
AAPL Sharpe Ratio Rank: 90
AAPL Sortino Ratio Rank: 90
AAPL Omega Ratio Rank: 88
AAPL Calmar Ratio Rank: 87
AAPL Martin Ratio Rank: 86

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.

SPYV vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and Apple Inc (AAPL). 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.

	SPYV	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.18	-0.14
Sortino ratio: Return per unit of downside risk	2.86	3.09	-0.23
Omega ratio: Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	3.24	3.53	-0.29
Martin ratio: Return relative to average drawdown	12.39	8.89	+3.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYV vs. AAPL - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.04, which is comparable to the AAPL Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of SPYV and AAPL, 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

	SPYV	AAPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	2.18	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.71	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	1.03	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.44	-0.02

Drawdowns

SPYV vs. AAPL - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for SPYV and AAPL.

Drawdown Indicators

	SPYV	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-81.80%	+23.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-13.80%	+7.58%
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	-33.36%	+15.82%
Max Drawdown (5Y) Largest decline over 5 years	-17.89%	-33.36%	+15.47%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-38.52%	+1.63%
Current Drawdown Current decline from peak	-1.35%	-4.33%	+2.98%
Average Drawdown Average peak-to-trough decline	-8.71%	-29.60%	+20.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	5.48%	-3.86%

Volatility

SPYV vs. AAPL - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.28%, while Apple Inc (AAPL) has a volatility of 5.68%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYV	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	5.68%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	15.99%	-8.81%
Volatility (1Y) Calculated over the trailing 1-year period	9.91%	22.41%	-12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	27.47%	-13.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	28.91%	-11.96%

Dividends

SPYV vs. AAPL - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.70%, more than AAPL's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.35%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
SPYV SPDR Portfolio S&P 500 Value ETF	1.70%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both SPYV and AAPL in my portfolio?

SPYV and AAPL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYV or AAPL?

AAPL has higher volatility (5.68%) compared to SPYV (2.28%). In terms of maximum drawdown, SPYV dropped -58.45% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (2.18 vs 2.04), 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.