TOTL vs. SPYM
TOTL (State Street DoubleLine Total Return Tactical ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - TOTL is a Intermediate Core-Plus Bond fund actively managed by State Street, while SPYM is a S&P 500 fund tracking the S&P 500 Index. TOTL is actively managed, while SPYM is passively managed. Over the past 10 years, TOTL returned 1.57%/yr vs 15.61%/yr for SPYM. At a 0.02 correlation, their price movements are largely independent. TOTL charges 0.55%/yr vs 0.02%/yr for SPYM.
Performance
TOTL vs. SPYM - Performance Comparison
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Returns By Period
In the year-to-date period, TOTL achieves a -0.54% return, which is significantly lower than SPYM's 8.21% return. Over the past 10 years, TOTL has underperformed SPYM with an annualized return of 1.57%, while SPYM has yielded a comparatively higher 15.61% annualized return.
TOTL
- 1D
- -0.15%
- 1M
- 0.18%
- YTD
- -0.54%
- 6M
- -0.42%
- 1Y
- 3.57%
- 3Y*
- 4.13%
- 5Y*
- 0.58%
- 10Y*
- 1.57%
SPYM
- 1D
- -1.44%
- 1M
- -1.32%
- YTD
- 8.21%
- 6M
- 7.24%
- 1Y
- 23.73%
- 3Y*
- 20.77%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
TOTL vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOTL State Street DoubleLine Total Return Tactical ETF | -0.54% | 7.68% | 3.15% | 5.55% | -11.59% | -1.00% | 3.56% | 6.93% | 0.76% | 3.55% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 8.21% | 17.79% | 25.00% | 26.24% | -18.09% | 28.78% | 18.49% | 31.99% | -4.78% | 21.30% |
Correlation
The correlation between TOTL and SPYM is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2015 | 0.02 |
Over the past year, TOTL and SPYM have become more correlated (0.36) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
TOTL vs. SPYM — Risk / Return Rank
TOTL
SPYM
TOTL vs. SPYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street DoubleLine Total Return Tactical ETF (TOTL) and State Street SPDR Portfolio S&P 500 ETF (SPYM). 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.
| TOTL | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.68 | -1.50 |
| Martin ratioReturn relative to average drawdown | 3.30 | 11.98 | -8.68 |
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Drawdowns
TOTL vs. SPYM - Drawdown Comparison
The maximum TOTL drawdown since its inception was -16.48%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for TOTL and SPYM.
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Drawdown Indicators
| TOTL | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -54.46% | +37.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -8.90% | +5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -18.72% | +12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -24.48% | +8.00% |
Max Drawdown (10Y)Largest decline over 10 years | -16.48% | -33.87% | +17.39% |
Current DrawdownCurrent decline from peak | -2.16% | -3.14% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -7.14% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.99% | -0.90% |
Volatility
TOTL vs. SPYM - Volatility Comparison
The current volatility for State Street DoubleLine Total Return Tactical ETF (TOTL) is 1.12%, while State Street SPDR Portfolio S&P 500 ETF (SPYM) has a volatility of 4.83%. This indicates that TOTL experiences smaller price fluctuations and is considered to be less risky than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOTL | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 4.83% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 9.83% | -7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 12.46% | -9.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 16.90% | -11.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 18.03% | -13.24% |
TOTL vs. SPYM - Expense Ratio Comparison
TOTL has a 0.55% expense ratio, which is higher than SPYM's 0.02% expense ratio.
Dividends
TOTL vs. SPYM - Dividend Comparison
TOTL's dividend yield for the trailing twelve months is around 5.30%, more than SPYM's 1.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.30% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
TOTL State Street DoubleLine Total Return Tactical ETF | 5.30% | 5.23% | 5.35% | 4.85% | 4.68% | 3.07% | 2.91% | 3.31% | 3.41% | 3.00% | 3.25% | 2.67% |
Frequently Asked Questions
TOTL and SPYM have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYM has higher volatility (4.83%) compared to TOTL (1.12%). In terms of maximum drawdown, TOTL dropped -16.48% vs SPYM's -54.46%.
On 10-year performance, SPYM leads with 15.61% vs 1.57% for TOTL. On fees, SPYM is cheaper at 0.02% per year. On volatility, TOTL has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPYM has performed better with a 15.61% return vs 1.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.55% for TOTL.
TOTL has the higher dividend yield at 5.30%, compared with 1.30% for SPYM.
TOTL is categorized as Intermediate Core-Plus Bond, while SPYM is S&P 500. Their fees differ too: 0.55% for TOTL and 0.02% for SPYM.
SPYM currently has the higher Sharpe Ratio (1.92 vs 1.04), 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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