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SPYV vs. SPY

Last updated Mar 1, 2024

Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and SPDR S&P 500 ETF (SPY).

SPYV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPYV and SPY 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 SPY.

Key characteristics


SPYVSPY
YTD Return3.20%6.89%
1Y Return22.06%30.67%
3Y Return (Ann)11.91%10.90%
5Y Return (Ann)12.30%14.50%
10Y Return (Ann)10.41%12.67%
Sharpe Ratio1.752.45
Daily Std Dev12.29%12.29%
Max Drawdown-58.45%-55.19%
Current Drawdown-0.21%0.00%

Correlation

0.85
-1.001.00

The correlation between SPYV and SPY is 0.85, 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.

SPYV vs. SPY - Performance Comparison

In the year-to-date period, SPYV achieves a 3.20% return, which is significantly lower than SPY's 6.89% return. Over the past 10 years, SPYV has underperformed SPY with an annualized return of 10.41%, while SPY has yielded a comparatively higher 12.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


320.00%340.00%360.00%380.00%400.00%420.00%440.00%OctoberNovemberDecember2024February
420.40%
443.90%
SPYV
SPY

Compare stocks, funds, or ETFs


SPDR Portfolio S&P 500 Value ETF

SPDR S&P 500 ETF

SPYV vs. SPY - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.69%, more than SPY's 1.31% yield.


TTM20232022202120202019201820172016201520142013
SPYV
SPDR Portfolio S&P 500 Value ETF
1.69%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%2.19%1.96%
SPY
SPDR S&P 500 ETF
1.31%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

SPYV vs. SPY - Expense Ratio Comparison

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

0.09%
0.00%2.15%
0.04%
0.00%2.15%

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SPYV
SPDR Portfolio S&P 500 Value ETF
1.75
SPY
SPDR S&P 500 ETF
2.45

SPYV vs. SPY - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 1.75, which roughly equals the SPY Sharpe Ratio of 2.45. The chart below compares the 12-month rolling Sharpe Ratio of SPYV and SPY.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50OctoberNovemberDecember2024February
1.75
2.45
SPYV
SPY

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%. The drawdown chart below compares losses from any high point along the way for SPYV and SPY


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2024February
-0.21%
0
SPYV
SPY

SPYV vs. SPY - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.95%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.90%. 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.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%OctoberNovemberDecember2024February
2.95%
3.90%
SPYV
SPY