SUSL vs. SPYG

Last updated Jul 17, 2026

SUSL (iShares ESG MSCI USA Leaders ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - SUSL is a Large Cap Growth Equities fund tracking the MSCI USA Extended ESG Leaders Index, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 5 years, SUSL returned 13.26%/yr vs 13.86%/yr for SPYG. Their correlation of 0.92 suggests significant overlap in exposure. SUSL charges 0.10%/yr vs 0.04%/yr for SPYG.

Performance

SUSL vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG MSCI USA Leaders ETF (SUSL) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUSL achieves a 9.89% return, which is significantly lower than SPYG's 10.85% return.

SUSL

• 1D: -0.49%
• 1M: -0.01%
• 6M: 8.08%
• YTD: 9.89%
• 1Y: 22.03%
• 3Y*: 20.15%
• 5Y*: 13.26%
• 10Y*: —

SPYG

• 1D: -1.66%
• 1M: -0.66%
• 6M: 10.35%
• YTD: 10.85%
• 1Y: 22.88%
• 3Y*: 24.76%
• 5Y*: 13.86%
• 10Y*: 17.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SUSL vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SUSL iShares ESG MSCI USA Leaders ETF	9.89%	18.97%	23.51%	29.08%	-20.22%	31.53%	18.89%	15.09%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	10.85%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	12.33%

Correlation

The correlation between SUSL and SPYG is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 10, 2019	0.92

The correlation between SUSL and SPYG has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

SUSL vs. SPYG - Sectors Allocation Comparison

Sectors	SUSL	SPYG
Technology	36.6%	52.0%
Communication Services	13.7%	15.9%
Financial Services	10.3%	8.9%
Healthcare	9.7%	6.2%
Consumer Cyclical	9.4%	8.5%
Industrials	8.2%	5.2%
Consumer Defensive	5.2%	1.0%
Real Estate	2.1%	0.6%
Energy	2.0%	0.1%
Basic Materials	1.9%	0.4%
Utilities	0.9%	1.2%

Return for Risk

SUSL vs. SPYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SUSL

SUSL Risk / Return Rank: 58
SUSL Sharpe Ratio Rank: 61
SUSL Sortino Ratio Rank: 61
SUSL Omega Ratio Rank: 60
SUSL Calmar Ratio Rank: 47
SUSL Martin Ratio Rank: 58

SPYG

SPYG Risk / Return Rank: 44
SPYG Sharpe Ratio Rank: 45
SPYG Sortino Ratio Rank: 44
SPYG Omega Ratio Rank: 43
SPYG Calmar Ratio Rank: 39
SPYG Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SUSL vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Leaders ETF (SUSL) and State Street 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.

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.

	SUSL	SPYG	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.31	+0.33
Sortino ratio: Return per unit of downside risk	2.31	1.86	+0.46
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.06
Calmar ratio: Return relative to maximum drawdown	1.95	1.67	+0.28
Martin ratio: Return relative to average drawdown	8.15	6.38	+1.76

SUSL vs. SPYG - Sharpe Ratio Comparison

The current SUSL Sharpe Ratio is 1.64, which is comparable to the SPYG Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of SUSL and SPYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SUSL vs. SPYG - Drawdown Comparison

The maximum SUSL drawdown since its inception was -34.26%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for SUSL and SPYG.

Drawdown Indicators

	SUSL	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-67.63%	+33.37%
Max Drawdown (1Y) Largest decline over 1 year	-11.37%	-13.76%	+2.39%
Max Drawdown (3Y) Largest decline over 3 years	-19.91%	-22.14%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-26.98%	-32.67%	+5.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.67%	—
Current Drawdown Current decline from peak	-0.82%	-3.65%	+2.83%
Average Drawdown Average peak-to-trough decline	-5.63%	-24.23%	+18.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	3.59%	-0.88%

Volatility

SUSL vs. SPYG - Volatility Comparison

The current volatility for iShares ESG MSCI USA Leaders ETF (SUSL) is 3.36%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.72%. This indicates that SUSL 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.

Volatility by Period

	SUSL	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	5.72%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	14.41%	-3.52%
Volatility (1Y) Calculated over the trailing 1-year period	13.52%	17.57%	-4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	21.43%	-3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	20.74%	-1.01%

SUSL vs. SPYG - Expense Ratio Comparison

SUSL has a 0.10% expense ratio, which is higher than SPYG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SUSL vs. SPYG - Dividend Comparison

SUSL's dividend yield for the trailing twelve months is around 0.94%, more than SPYG's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.49%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%
SUSL iShares ESG MSCI USA Leaders ETF	0.94%	0.99%	1.10%	1.27%	1.57%	1.12%	1.38%	1.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SUSL and SPYG in my portfolio?

With a correlation of 0.91, SUSL and SPYG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SUSL or SPYG?

SPYG has higher volatility (5.72%) compared to SUSL (3.36%). In terms of maximum drawdown, SUSL dropped -34.26% vs SPYG's -67.63%.

Which ETF is better, SUSL or SPYG?

On 5-year performance, SPYG leads with 13.86% vs 13.26% for SUSL. On fees, SPYG is cheaper at 0.04% per year. On volatility, SUSL has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUSL or SPYG?

Over the 5-year period, SPYG has performed better with a 13.86% return vs 13.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUSL or SPYG?

SPYG is cheaper with a 0.04% expense ratio, compared with 0.10% for SUSL.

Which ETF pays a higher dividend yield, SUSL or SPYG?

SUSL has the higher dividend yield at 0.94%, compared with 0.49% for SPYG.

What is the main difference between SUSL and SPYG?

SUSL is categorized as Large Cap Growth Equities, while SPYG is S&P 500. SUSL tracks MSCI USA Extended ESG Leaders Index, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for SUSL and 0.04% for SPYG.

Which has better risk-adjusted returns?

SUSL currently has the higher Sharpe Ratio (1.64 vs 1.31), 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.