SSPY vs. ^GSPC
SSPY (Stratified LargeCap Index ETF) is Large Cap Blend Equities fund tracking the Syntax Stratified LargeCap Index, while ^GSPC (S&P 500 Index) is an index. Over the past year, SSPY returned 21.30% vs 21.84% for ^GSPC. Their 0.74 correlation means they have sometimes moved together and sometimes differently.
Performance
SSPY vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, SSPY achieves a 13.17% return, which is significantly higher than ^GSPC's 11.03% return.
SSPY
- 1D
- 0.04%
- 1M
- 0.36%
- 6M
- 9.41%
- YTD
- 13.17%
- 1Y
- 21.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.74%
^GSPC
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $38.00T | $37.50T | $41.55T |
| $96.57K | $169.77K | $167.99K |
SSPY vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SSPY Stratified LargeCap Index ETF | 13.17% | 12.88% | -0.90% |
^GSPC S&P 500 Index | 11.03% | 16.39% | 2.50% |
Correlation
The correlation between SSPY and ^GSPC is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2024 | 0.74 |
The correlation between SSPY and ^GSPC has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
SSPY vs. ^GSPC — Risk / Return Rank
SSPY
^GSPC
SSPY vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stratified LargeCap Index ETF (SSPY) and S&P 500 Index (^GSPC). 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.
| SSPY | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.41 | +0.38 |
| Martin ratioReturn relative to average drawdown | 10.84 | 10.22 | +0.62 |
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Drawdowns
SSPY vs. ^GSPC - Drawdown Comparison
The maximum SSPY drawdown since its inception was -16.16%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SSPY and ^GSPC.
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Drawdown Indicators
| SSPY | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.16% | -56.78% | +40.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -9.10% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.96% | -0.12% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -10.70% | +8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.14% | -0.26% |
Volatility
SSPY vs. ^GSPC - Volatility Comparison
The current volatility for Stratified LargeCap Index ETF (SSPY) is 2.95%, while S&P 500 Index (^GSPC) has a volatility of 3.80%. This indicates that SSPY experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSPY | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.80% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 10.20% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 12.86% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 17.02% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.22% | 18.08% | -3.86% |
Frequently Asked Questions
SSPY and ^GSPC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GSPC has higher volatility (3.80%) compared to SSPY (2.95%). In terms of maximum drawdown, SSPY dropped -16.16% vs ^GSPC's -56.78%.
SSPY currently has the higher Sharpe Ratio (1.91 vs 1.71), 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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