SPYV vs. SPYD
Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
SPYV and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both SPYV and SPYD 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 SPYD.
Performance
SPYV vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, SPYV achieves a 19.18% return, which is significantly lower than SPYD's 23.07% return.
SPYV
19.18%
2.74%
12.34%
26.94%
12.65%
10.64%
SPYD
23.07%
2.03%
18.43%
36.63%
8.90%
N/A
Key characteristics
| SPYV | SPYD | |
|---|---|---|
| Sharpe Ratio | 2.70 | 2.80 |
| Sortino Ratio | 3.77 | 3.87 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 4.94 | 2.38 |
| Martin Ratio | 15.89 | 18.64 |
| Ulcer Index | 1.70% | 1.97% |
| Daily Std Dev | 9.99% | 13.06% |
| Max Drawdown | -58.45% | -46.42% |
| Current Drawdown | 0.00% | 0.00% |
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SPYV vs. SPYD - Expense Ratio Comparison
SPYV has a 0.04% expense ratio, which is lower than SPYD'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 SPYD is 0.87, 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. SPYD - 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 Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
SPYV's dividend yield for the trailing twelve months is around 1.92%, less than SPYD's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYV SPDR Portfolio S&P 500 Value ETF | 1.92% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 3.96% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
SPYV vs. SPYD - Drawdown Comparison
The maximum SPYV drawdown since its inception was -58.45%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for SPYV and SPYD. For additional features, visit the drawdowns tool.
Volatility
SPYV vs. SPYD - Volatility Comparison
SPDR Portfolio S&P 500 Value ETF (SPYV) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 3.56% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.