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SPYV vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPYV and SPY is 0.84, 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.


-0.50.00.51.00.8

Performance

SPYV vs. SPY - Performance Comparison

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

-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember2025
4.62%
6.61%
SPYV
SPY

Key characteristics

Sharpe Ratio

SPYV:

1.15

SPY:

2.05

Sortino Ratio

SPYV:

1.67

SPY:

2.73

Omega Ratio

SPYV:

1.20

SPY:

1.38

Calmar Ratio

SPYV:

1.55

SPY:

3.07

Martin Ratio

SPYV:

4.92

SPY:

13.22

Ulcer Index

SPYV:

2.38%

SPY:

1.95%

Daily Std Dev

SPYV:

10.17%

SPY:

12.57%

Max Drawdown

SPYV:

-58.45%

SPY:

-55.19%

Current Drawdown

SPYV:

-6.68%

SPY:

-2.69%

Returns By Period

In the year-to-date period, SPYV achieves a 0.18% return, which is significantly lower than SPY's 0.58% return. Over the past 10 years, SPYV has underperformed SPY with an annualized return of 10.09%, while SPY has yielded a comparatively higher 13.16% annualized return.


SPYV

YTD

0.18%

1M

-4.20%

6M

5.56%

1Y

12.39%

5Y*

10.59%

10Y*

10.09%

SPY

YTD

0.58%

1M

-2.18%

6M

5.70%

1Y

25.99%

5Y*

14.36%

10Y*

13.16%

*Annualized

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SPYV vs. SPY - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than SPY's 0.09% 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%.


Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%
Expense ratio chart for SPYV: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Risk-Adjusted Performance

SPYV vs. SPY — Risk-Adjusted Performance Rank

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

SPYV
The Risk-Adjusted Performance Rank of SPYV is 5555
Overall Rank
The Sharpe Ratio Rank of SPYV is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYV is 5454
Sortino Ratio Rank
The Omega Ratio Rank of SPYV is 5353
Omega Ratio Rank
The Calmar Ratio Rank of SPYV is 6060
Calmar Ratio Rank
The Martin Ratio Rank of SPYV is 5252
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 8282
Overall Rank
The Sharpe Ratio Rank of SPY is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 8080
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 8282
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 8282
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPYV vs. SPY - Risk-Adjusted Performance Comparison

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


The chart of Sharpe ratio for SPYV, currently valued at 1.15, compared to the broader market0.002.004.001.152.05
The chart of Sortino ratio for SPYV, currently valued at 1.67, compared to the broader market-2.000.002.004.006.008.0010.001.672.73
The chart of Omega ratio for SPYV, currently valued at 1.20, compared to the broader market0.501.001.502.002.503.001.201.38
The chart of Calmar ratio for SPYV, currently valued at 1.55, compared to the broader market0.005.0010.0015.001.553.07
The chart of Martin ratio for SPYV, currently valued at 4.92, compared to the broader market0.0020.0040.0060.0080.00100.004.9213.22
SPYV
SPY

The current SPYV Sharpe Ratio is 1.15, which is lower than the SPY Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SPYV and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50AugustSeptemberOctoberNovemberDecember2025
1.15
2.05
SPYV
SPY

Dividends

SPYV vs. SPY - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 2.28%, more than SPY's 1.20% yield.


TTM20242023202220212020201920182017201620152014
SPYV
SPDR Portfolio S&P 500 Value ETF
2.28%2.29%1.75%2.23%2.10%2.38%2.25%2.97%2.77%2.39%2.53%2.19%
SPY
SPDR S&P 500 ETF
1.20%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

SPYV vs. SPY - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPYV and SPY. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-6.68%
-2.69%
SPYV
SPY

Volatility

SPYV vs. SPY - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 3.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.49%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%AugustSeptemberOctoberNovemberDecember2025
3.42%
4.49%
SPYV
SPY