Correlation
The correlation between SSPY and SPLG is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SSPY vs. SPLG
Compare and contrast key facts about Syntax Stratified LargeCap ETF (SSPY) and SPDR Portfolio S&P 500 ETF (SPLG).
SSPY and SPLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSPY is a passively managed fund by Syntax Advisors that tracks the performance of the Syntax Stratified LargeCap Index. It was launched on Jan 4, 2019. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both SSPY and SPLG 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: SSPY or SPLG.
Performance
SSPY vs. SPLG - Performance Comparison
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Key characteristics
SSPY:
0.44
SPLG:
0.70
SSPY:
0.60
SPLG:
1.05
SSPY:
1.08
SPLG:
1.15
SSPY:
0.36
SPLG:
0.69
SSPY:
1.37
SPLG:
2.62
SSPY:
4.21%
SPLG:
4.93%
SSPY:
17.23%
SPLG:
19.63%
SSPY:
-36.67%
SPLG:
-54.52%
SSPY:
-3.85%
SPLG:
-3.43%
Returns By Period
In the year-to-date period, SSPY achieves a 1.94% return, which is significantly higher than SPLG's 1.00% return. Over the past 10 years, SSPY has underperformed SPLG with an annualized return of 10.18%, while SPLG has yielded a comparatively higher 12.69% annualized return.
SSPY
1.94%
3.78%
-3.47%
7.58%
7.11%
13.51%
10.18%
SPLG
1.00%
6.49%
-0.82%
13.66%
14.13%
15.93%
12.69%
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SSPY vs. SPLG - Expense Ratio Comparison
SSPY has a 0.30% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
SSPY vs. SPLG — Risk-Adjusted Performance Rank
SSPY
SPLG
SSPY vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Syntax Stratified LargeCap ETF (SSPY) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
SSPY vs. SPLG - Dividend Comparison
SSPY's dividend yield for the trailing twelve months is around 0.34%, less than SPLG's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSPY Syntax Stratified LargeCap ETF | 0.34% | 0.35% | 1.75% | 1.69% | 1.09% | 1.63% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
SSPY vs. SPLG - Drawdown Comparison
The maximum SSPY drawdown since its inception was -36.67%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for SSPY and SPLG.
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Volatility
SSPY vs. SPLG - Volatility Comparison
The current volatility for Syntax Stratified LargeCap ETF (SSPY) is 4.13%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.79%. This indicates that SSPY experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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