TOV vs. SPTM

Last updated Jun 25, 2026

TOV (JLens 500 Jewish Advocacy U.S. ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both Large Cap Blend Equities funds - TOV tracks the JLens 500 Jewish Advocacy U.S. Index while SPTM tracks the S&P Composite 1500 Index. Both are passively managed. Over the past year, TOV returned 21.97% vs 22.61% for SPTM. With a 0.98 correlation, they move nearly in lockstep. TOV charges 0.18%/yr vs 0.03%/yr for SPTM.

Performance

TOV vs. SPTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JLens 500 Jewish Advocacy U.S. ETF (TOV) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOV achieves a 8.19% return, which is significantly lower than SPTM's 8.68% return.

TOV

• 1D: -0.32%
• 1M: -1.44%
• YTD: 8.19%
• 6M: 6.74%
• 1Y: 21.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPTM

• 1D: -0.03%
• 1M: -1.06%
• YTD: 8.68%
• 6M: 7.29%
• 1Y: 22.61%
• 3Y*: 20.37%
• 5Y*: 12.61%
• 10Y*: 15.36%

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

TOV vs. SPTM - Yearly Performance Comparison

	2026 (YTD)	2025
TOV JLens 500 Jewish Advocacy U.S. ETF	8.19%	14.91%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	8.68%	15.52%

Correlation

The correlation between TOV and SPTM is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.98

The correlation between TOV and SPTM has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

TOV vs. SPTM - Sectors Allocation Comparison

Sectors	TOV	SPTM
Technology	39.4%	37.4%
Financial Services	11.1%	11.4%
Communication Services	10.9%	10.0%
Consumer Cyclical	9.6%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.0%	8.9%
Consumer Defensive	4.4%	4.4%
Energy	3.2%	3.3%
Utilities	2.0%	2.1%
Real Estate	1.6%	2.2%
Basic Materials	1.5%	1.9%

Return for Risk

TOV vs. SPTM — Risk / Return Rank

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

TOV

TOV Risk / Return Rank: 61
TOV Sharpe Ratio Rank: 60
TOV Sortino Ratio Rank: 59
TOV Omega Ratio Rank: 59
TOV Calmar Ratio Rank: 58
TOV Martin Ratio Rank: 67

SPTM

SPTM Risk / Return Rank: 62
SPTM Sharpe Ratio Rank: 61
SPTM Sortino Ratio Rank: 59
SPTM Omega Ratio Rank: 60
SPTM Calmar Ratio Rank: 59
SPTM Martin Ratio Rank: 71

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.

TOV vs. SPTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JLens 500 Jewish Advocacy U.S. ETF (TOV) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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.

	TOV	SPTM	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.83	-0.09
Sortino ratio: Return per unit of downside risk	2.40	2.50	-0.10
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	2.48	2.62	-0.13
Martin ratio: Return relative to average drawdown	10.61	11.73	-1.12

TOV vs. SPTM - Sharpe Ratio Comparison

The current TOV Sharpe Ratio is 1.73, which is comparable to the SPTM Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of TOV and SPTM, 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

TOV vs. SPTM - Drawdown Comparison

The maximum TOV drawdown since its inception was -16.97%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for TOV and SPTM.

Drawdown Indicators

	TOV	SPTM	Difference
Max Drawdown Largest peak-to-trough decline	-16.97%	-54.80%	+37.83%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-8.68%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.66%	—
Current Drawdown Current decline from peak	-3.39%	-2.83%	-0.56%
Average Drawdown Average peak-to-trough decline	-2.20%	-9.03%	+6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.93%	+0.15%

Volatility

TOV vs. SPTM - Volatility Comparison

JLens 500 Jewish Advocacy U.S. ETF (TOV) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) have volatilities of 4.63% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOV	SPTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	4.77%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	9.79%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	12.48%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	16.96%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	18.04%	-0.05%

TOV vs. SPTM - Expense Ratio Comparison

TOV has a 0.18% expense ratio, which is higher than SPTM's 0.03% 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

TOV vs. SPTM - Dividend Comparison

TOV's dividend yield for the trailing twelve months is around 0.84%, less than SPTM's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.08%	1.13%	1.28%	1.44%	1.69%	1.25%	1.56%	1.72%	1.90%	1.66%	1.91%	1.92%
TOV JLens 500 Jewish Advocacy U.S. ETF	0.84%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TOV and SPTM in my portfolio?

With a correlation of 0.98, TOV and SPTM 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, TOV or SPTM?

SPTM has higher volatility (4.77%) compared to TOV (4.63%). In terms of maximum drawdown, TOV dropped -16.97% vs SPTM's -54.80%.

Which ETF is better, TOV or SPTM?

On 1-year performance, SPTM leads with 22.61% vs 21.97% for TOV. On fees, SPTM is cheaper at 0.03% per year. On volatility, TOV has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOV or SPTM?

Over the 1-year period, SPTM has performed better with a 22.61% return vs 21.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOV or SPTM?

SPTM is cheaper with a 0.03% expense ratio, compared with 0.18% for TOV.

Which ETF pays a higher dividend yield, TOV or SPTM?

SPTM has the higher dividend yield at 1.08%, compared with 0.84% for TOV.

What is the main difference between TOV and SPTM?

TOV tracks JLens 500 Jewish Advocacy U.S. Index, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: JLens and State Street. Their fees differ too: 0.18% for TOV and 0.03% for SPTM.

Which has better risk-adjusted returns?

SPTM currently has the higher Sharpe Ratio (1.83 vs 1.73), 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.