SPYV vs. SPYG
Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYV and SPYG 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. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both SPYV and SPYG 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 SPYG.
Key characteristics
| SPYV | SPYG | |
|---|---|---|
| YTD Return | 8.40% | 20.13% |
| 1Y Return | 14.59% | 25.80% |
| 3Y Return (Ann) | 10.40% | 6.66% |
| 5Y Return (Ann) | 11.84% | 15.52% |
| 10Y Return (Ann) | 10.00% | 14.46% |
| Sharpe Ratio | 1.38 | 1.77 |
| Daily Std Dev | 10.60% | 14.94% |
| Max Drawdown | -58.45% | -67.79% |
| Current Drawdown | -2.00% | -7.35% |
Correlation
The correlation between SPYV and SPYG is 0.76, 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.
Performance
SPYV vs. SPYG - Performance Comparison
In the year-to-date period, SPYV achieves a 8.40% return, which is significantly lower than SPYG's 20.13% return. Over the past 10 years, SPYV has underperformed SPYG with an annualized return of 10.00%, while SPYG has yielded a comparatively higher 14.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYV vs. SPYG - Expense Ratio Comparison
Both SPYV and SPYG have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPYV vs. SPYG - 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 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
SPYV's dividend yield for the trailing twelve months is around 1.95%, more than SPYG's 0.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYV SPDR Portfolio S&P 500 Value ETF | 1.95% | 1.75% | 2.22% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.79% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
SPYV vs. SPYG - Drawdown Comparison
The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for SPYV and SPYG. For additional features, visit the drawdowns tool.
Volatility
SPYV vs. SPYG - Volatility Comparison
The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.77%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 6.28%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.