SPYV vs. MGV
Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and Vanguard Mega Cap Value ETF (MGV).
SPYV and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both SPYV and MGV 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: SPYV or MGV.
Performance
SPYV vs. MGV - Performance Comparison
Returns By Period
In the year-to-date period, SPYV achieves a 16.96% return, which is significantly lower than MGV's 20.74% return. Both investments have delivered pretty close results over the past 10 years, with SPYV having a 10.42% annualized return and MGV not far ahead at 10.68%.
SPYV
16.96%
0.56%
9.11%
25.22%
12.25%
10.42%
MGV
20.74%
0.08%
9.90%
28.13%
11.69%
10.68%
Key characteristics
| SPYV | MGV | |
|---|---|---|
| Sharpe Ratio | 2.50 | 2.82 |
| Sortino Ratio | 3.51 | 4.00 |
| Omega Ratio | 1.45 | 1.52 |
| Calmar Ratio | 4.56 | 5.67 |
| Martin Ratio | 14.64 | 18.30 |
| Ulcer Index | 1.70% | 1.53% |
| Daily Std Dev | 9.93% | 9.94% |
| Max Drawdown | -58.45% | -56.31% |
| Current Drawdown | -1.25% | -1.55% |
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SPYV vs. MGV - Expense Ratio Comparison
SPYV has a 0.04% expense ratio, which is lower than MGV'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%.
Correlation
The correlation between SPYV and MGV is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPYV vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and Vanguard Mega Cap Value ETF (MGV). 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
SPYV vs. MGV - Dividend Comparison
SPYV's dividend yield for the trailing twelve months is around 1.96%, less than MGV's 2.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYV SPDR Portfolio S&P 500 Value ETF | 1.96% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
MGV Vanguard Mega Cap Value ETF | 2.25% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
Drawdowns
SPYV vs. MGV - Drawdown Comparison
The maximum SPYV drawdown since its inception was -58.45%, roughly equal to the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for SPYV and MGV. For additional features, visit the drawdowns tool.
Volatility
SPYV vs. MGV - Volatility Comparison
The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 3.35%, while Vanguard Mega Cap Value ETF (MGV) has a volatility of 3.65%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.