SPYV vs. C

Last updated Jun 14, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index, while C (Citigroup Inc.) is a stock. Over the past 10 years, SPYV returned 12.08%/yr vs 16.22%/yr for C. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

SPYV vs. C - Performance Comparison

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

Returns By Period

In the year-to-date period, SPYV achieves a 8.25% return, which is significantly lower than C's 21.02% return. Over the past 10 years, SPYV has underperformed C with an annualized return of 12.08%, while C has yielded a comparatively higher 16.22% 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%

C

• 1D: 1.27%
• 1M: 13.30%
• YTD: 21.02%
• 6M: 26.32%
• 1Y: 87.27%
• 3Y*: 46.87%
• 5Y*: 16.80%
• 10Y*: 16.22%

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

SPYV vs. C - 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%
C Citigroup Inc.	21.02%	70.38%	41.93%	18.98%	-22.09%	0.93%	-19.70%	57.82%	-28.49%	27.03%

Correlation

The correlation between SPYV and C is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000	0.68

The correlation between SPYV and C shifts across timeframes, from 0.56 (1 year) to 0.72 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

SPYV vs. C — Risk / Return Rank

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

SPYV

SPYV Risk / Return Rank: 75
SPYV Sharpe Ratio Rank: 75
SPYV Sortino Ratio Rank: 76
SPYV Omega Ratio Rank: 73
SPYV Calmar Ratio Rank: 75
SPYV Martin Ratio Rank: 77

C

C Risk / Return Rank: 94
C Sharpe Ratio Rank: 95
C Sortino Ratio Rank: 94
C Omega Ratio Rank: 92
C Calmar Ratio Rank: 94
C Martin Ratio Rank: 94

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. C - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and Citigroup Inc. (C). 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	C	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.93	-0.85
Sortino ratio: Return per unit of downside risk	2.92	3.57	-0.65
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.08
Calmar ratio: Return relative to maximum drawdown	3.33	5.64	-2.31
Martin ratio: Return relative to average drawdown	12.73	16.25	-3.52

SPYV vs. C - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.08, which is comparable to the C Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of SPYV and C, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPYV vs. C - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum C drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for SPYV and C.

Drawdown Indicators

	SPYV	C	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-98.00%	+39.55%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-14.76%	+8.54%
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	-31.31%	+13.77%
Max Drawdown (5Y) Largest decline over 5 years	-17.89%	-44.31%	+26.42%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-56.51%	+19.62%
Current Drawdown Current decline from peak	-0.18%	-62.68%	+62.50%
Average Drawdown Average peak-to-trough decline	-8.71%	-43.51%	+34.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	5.12%	-3.49%

Volatility

SPYV vs. C - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.70%, while Citigroup Inc. (C) has a volatility of 8.30%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than C based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYV	C	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	8.30%	-5.60%
Volatility (6M) Calculated over the trailing 6-month period	7.26%	23.09%	-15.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.97%	28.37%	-18.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	29.20%	-14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	33.23%	-16.29%

Dividends

SPYV vs. C - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.68%, less than C's 1.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
C Citigroup Inc.	1.72%	1.99%	3.10%	4.04%	4.51%	3.38%	3.31%	2.40%	2.96%	1.29%	0.71%	0.31%
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

Can I hold both SPYV and C in my portfolio?

SPYV and C have a correlation of 0.56, 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 C?

C has higher volatility (8.30%) compared to SPYV (2.70%). In terms of maximum drawdown, SPYV dropped -58.45% vs C's -98.00%.

Which has better risk-adjusted returns?

C currently has the higher Sharpe Ratio (2.93 vs 2.08), 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.