SPYX vs. CRM
SPYX (State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF) is S&P 500 fund tracking the S&P 500 Fossil Fuel Reserves Free Index, while CRM (Salesforce, Inc.) is a stock. Over the past 10 years, SPYX returned 15.14%/yr vs 8.81%/yr for CRM. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
SPYX vs. CRM - Performance Comparison
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Returns By Period
In the year-to-date period, SPYX achieves a 9.59% return, which is significantly higher than CRM's -30.18% return. Over the past 10 years, SPYX has outperformed CRM with an annualized return of 15.14%, while CRM has yielded a comparatively lower 8.81% annualized return.
SPYX
- 1D
- 0.71%
- 1M
- 0.25%
- 6M
- 8.41%
- YTD
- 9.59%
- 1Y
- 20.93%
- 3Y*
- 19.36%
- 5Y*
- 12.38%
- 10Y*
- 15.14%
- ALL TIME*
- 14.58%
CRM
- 1D
- 1.83%
- 1M
- 10.78%
- 6M
- -12.88%
- YTD
- -30.18%
- 1Y
- -25.99%
- 3Y*
- -5.84%
- 5Y*
- -5.00%
- 10Y*
- 8.81%
- ALL TIME*
- 19.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.36B | $2.15B | $2.56B | |
| $4.48M | $4.14M | $6.01M |
SPYX vs. CRM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 9.59% | 17.87% | 25.46% | 26.38% | -19.59% | 28.06% | 19.87% | 31.62% | -4.26% | 23.25% |
CRM Salesforce, Inc. | -30.18% | -20.25% | 27.76% | 98.46% | -47.83% | 14.20% | 36.82% | 18.74% | 33.98% | 49.33% |
Correlation
The correlation between SPYX and CRM is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2015 | 0.57 |
Over the past year, the correlation between SPYX and CRM has dropped to 0.14 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
SPYX vs. CRM — Risk / Return Rank
SPYX
CRM
SPYX vs. CRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Salesforce, Inc. (CRM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYX | CRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.90 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.65 | +2.60 |
| Martin ratioReturn relative to average drawdown | 8.39 | -1.20 | +9.59 |
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Drawdowns
SPYX vs. CRM - Drawdown Comparison
The maximum SPYX drawdown since its inception was -32.84%, smaller than the maximum CRM drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for SPYX and CRM.
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Drawdown Indicators
| SPYX | CRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -70.50% | +37.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -43.33% | +33.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.74% | -58.67% | +39.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -58.67% | +32.53% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | -58.67% | +25.83% |
Current DrawdownCurrent decline from peak | -1.18% | -49.34% | +48.16% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -16.37% | +11.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 23.55% | -21.27% |
Volatility
SPYX vs. CRM - Volatility Comparison
The current volatility for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is 3.52%, while Salesforce, Inc. (CRM) has a volatility of 14.40%. This indicates that SPYX experiences smaller price fluctuations and is considered to be less risky than CRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYX | CRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 14.40% | -10.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 33.51% | -23.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 41.11% | -28.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 37.77% | -20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 35.70% | -17.69% |
Dividends
SPYX vs. CRM - Dividend Comparison
SPYX's dividend yield for the trailing twelve months is around 0.86%, less than CRM's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRM Salesforce, Inc. | 0.93% | 0.63% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 0.86% | 0.91% | 1.05% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.16% |
Frequently Asked Questions
SPYX and CRM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRM has higher volatility (14.40%) compared to SPYX (3.52%). In terms of maximum drawdown, SPYX dropped -32.84% vs CRM's -70.50%.
SPYX currently has the higher Sharpe Ratio (1.46 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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