VLTO vs. SPYM

Last updated Aug 4, 2026

VLTO (Veralto Corporation) is a stock, while SPYM (State Street SPDR Portfolio S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past year, VLTO returned -9.00% vs 23.31% for SPYM. Their 0.36 correlation means their historical movements had little consistent relationship.

Performance

VLTO vs. SPYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Veralto Corporation (VLTO) and State Street SPDR Portfolio S&P 500 ETF (SPYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VLTO achieves a -4.69% return, which is significantly lower than SPYM's 11.77% return.

VLTO

• 1D: 0.69%
• 1M: 2.45%
• 6M: -6.28%
• YTD: -4.69%
• 1Y: -9.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.27%

SPYM

• 1D: 1.47%
• 1M: 1.73%
• 6M: 9.55%
• YTD: 11.77%
• 1Y: 23.31%
• 3Y*: 20.83%
• 5Y*: 13.13%
• 10Y*: 15.21%
• ALL TIME*: 11.24%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPYM State Street SPDR Portfolio S&P 500 ETF	$833.33M	$955.26M	$1.11B
VLTO Veralto Corporation	$181.99M	$167.91M	$200.08M

VLTO vs. SPYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VLTO Veralto Corporation	-4.69%	-1.58%	24.29%	7.41%
SPYM State Street SPDR Portfolio S&P 500 ETF	11.77%	17.79%	25.00%	13.22%

Correlation

The correlation between VLTO and SPYM is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (All Time) Calculated using the full available price history since Oct 4, 2023	0.36

Over the past year, the correlation between VLTO and SPYM has dropped to 0.16 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

VLTO vs. SPYM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VLTO

VLTO Risk / Return Rank: 27
VLTO Sharpe Ratio Rank: 26
VLTO Sortino Ratio Rank: 23
VLTO Omega Ratio Rank: 23
VLTO Calmar Ratio Rank: 31
VLTO Martin Ratio Rank: 31

SPYM

SPYM Risk / Return Rank: 78
SPYM Sharpe Ratio Rank: 79
SPYM Sortino Ratio Rank: 77
SPYM Omega Ratio Rank: 78
SPYM Calmar Ratio Rank: 74
SPYM Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VLTO vs. SPYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Veralto Corporation (VLTO) 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.

	VLTO	SPYM	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	1.83	-2.23
Sortino ratio: Return per unit of downside risk	-0.43	2.53	-2.96
Omega ratio: Gain probability vs. loss probability	0.95	1.33	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.36	2.63	-2.99
Martin ratio: Return relative to average drawdown	-0.65	11.23	-11.88

VLTO vs. SPYM - Sharpe Ratio Comparison

The current VLTO Sharpe Ratio is -0.40, which is lower than the SPYM Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of VLTO and SPYM, 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

VLTO vs. SPYM - Drawdown Comparison

The maximum VLTO drawdown since its inception was -27.09%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for VLTO and SPYM.

Drawdown Indicators

	VLTO	SPYM	Difference
Max Drawdown Largest peak-to-trough decline	-27.09%	-54.46%	+27.37%
Max Drawdown (1Y) Largest decline over 1 year	-24.79%	-8.90%	-15.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-15.81%	0.00%	-15.81%
Average Drawdown Average peak-to-trough decline	-9.50%	-7.11%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.80%	2.08%	+11.72%

Volatility

VLTO vs. SPYM - Volatility Comparison

Veralto Corporation (VLTO) has a higher volatility of 8.80% compared to State Street SPDR Portfolio S&P 500 ETF (SPYM) at 3.76%. This indicates that VLTO's price experiences larger fluctuations and is considered to be riskier than SPYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VLTO	SPYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.80%	3.76%	+5.04%
Volatility (6M) Calculated over the trailing 6-month period	19.11%	10.18%	+8.93%
Volatility (1Y) Calculated over the trailing 1-year period	22.86%	12.81%	+10.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.10%	16.94%	+6.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.10%	18.02%	+5.08%

Dividends

VLTO vs. SPYM - Dividend Comparison

VLTO's dividend yield for the trailing twelve months is around 0.53%, less than SPYM's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYM State Street SPDR Portfolio S&P 500 ETF	1.02%	1.13%	1.28%	1.44%	1.69%	1.25%	1.54%	1.79%	2.23%	1.75%	1.97%	1.98%
VLTO Veralto Corporation	0.53%	0.46%	0.37%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VLTO and SPYM in my portfolio?

VLTO and SPYM have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VLTO or SPYM?

VLTO has higher volatility (8.80%) compared to SPYM (3.76%). In terms of maximum drawdown, VLTO dropped -27.09% vs SPYM's -54.46%.

Which has better risk-adjusted returns?

SPYM currently has the higher Sharpe Ratio (1.83 vs -0.40), 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.