SPYV vs. BAC
SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index, while BAC (Bank of America Corporation) is a stock. Over the past 10 years, SPYV returned 12.08%/yr vs 18.19%/yr for BAC. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
SPYV vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, SPYV achieves a 8.25% return, which is significantly higher than BAC's 3.72% return. Over the past 10 years, SPYV has underperformed BAC with an annualized return of 12.08%, while BAC has yielded a comparatively higher 18.19% annualized return.
SPYV
- 1D
- 0.69%
- 1M
- 2.32%
- YTD
- 8.25%
- 6M
- 8.02%
- 1Y
- 21.87%
- 3Y*
- 15.13%
- 5Y*
- 10.98%
- 10Y*
- 12.08%
BAC
- 1D
- 2.31%
- 1M
- 13.98%
- YTD
- 3.72%
- 6M
- 3.46%
- 1Y
- 30.78%
- 3Y*
- 27.43%
- 5Y*
- 8.79%
- 10Y*
- 18.19%
SPYV vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYV SPDR Portfolio S&P 500 Value ETF | 8.25% | 13.18% | 12.24% | 22.20% | -5.28% | 24.91% | 1.38% | 31.70% | -9.01% | 15.40% |
BAC Bank of America Corporation | 3.72% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between SPYV and BAC is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000 | 0.67 |
The correlation between SPYV and BAC shifts across timeframes, from 0.59 (1 year) to 0.71 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYV vs. BAC — Risk / Return Rank
SPYV
BAC
SPYV vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and Bank of America Corporation (BAC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYV | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.64 | +1.70 |
| Martin ratioReturn relative to average drawdown | 12.73 | 4.21 | +8.51 |
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Drawdowns
SPYV vs. BAC - Drawdown Comparison
The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for SPYV and BAC.
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Drawdown Indicators
| SPYV | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -93.10% | +34.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -17.93% | +11.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -27.51% | +9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | -46.64% | +28.75% |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | -48.95% | +12.06% |
Current DrawdownCurrent decline from peak | -0.18% | -0.36% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -28.30% | +19.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 6.96% | -5.33% |
Volatility
SPYV vs. BAC - Volatility Comparison
The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.70%, while Bank of America Corporation (BAC) has a volatility of 5.49%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYV | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 5.49% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 16.57% | -9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 21.62% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 26.89% | -12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 30.68% | -13.74% |
Dividends
SPYV vs. BAC - Dividend Comparison
SPYV's dividend yield for the trailing twelve months is around 1.68%, less than BAC's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.72% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.68% | 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
SPYV and BAC have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (5.49%) compared to SPYV (2.70%). In terms of maximum drawdown, SPYV dropped -58.45% vs BAC's -93.10%.
SPYV currently has the higher Sharpe Ratio (2.08 vs 1.36), 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.
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