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SPLG vs. SPYG

SPDR Portfolio S&P 500 ETF

SPLG
$--
vs

SPDR Portfolio S&P 500 Growth ETF

SPYG
$--

Correlation

0.97
SPLGSPDR Portfolio S&P 500 ETF
SPYGSPDR Portfolio S&P 500 Growth ETF

What is SPLG?

The SPDR Portfolio S&P 500 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Index (the "Index"). The S&P 500 Index is composed of five hundred (500) selected stocks, all of which are listed on national stock exchanges and spans over approximately 24 separate industry groups.

Snapshot
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SPLG SPDR Portfolio S&P 500 ETF
SPYG SPDR Portfolio S&P 500 Growth ETF
Inception date
Nov 08 2005
Sep 25 2000
Expense ratio
0.02%
0.04%
SPLG has a lower expense ratio than SPYG by 0.02%. This can indicate that it’s cheaper to invest in SPLG than SPYG.
Type
US Equities
US Equities
SPLG targets investing in US Equities, while SPYG targets investing in US Equities.
Fund owner
State Street (SPDR)
State Street (SPDR)
SPLG is managed by State Street (SPDR), while SPYG is managed by State Street (SPDR).
Volume (1m avg. daily)
$153,285,985
$94,041,426
Both SPLG and SPYG are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$19,439,639,569
$18,568,081,481
SPLG has more assets under management than SPYG by $871,558,088. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
S&P 500 Growth Index
SPLG is based off of the S&P 500 Index, while SPYG is based off of the S&P 500 Growth Index
Inverse/Leveraged
No
No
SPLG and SPYG use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
SPLG and SPYG both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
SPLG and SPYG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither SPLG nor SPYG require a K1.
SPLG and SPYG’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

Automated Strategies
Related toSPLG

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toSPYG

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.