SPLG: SPDR Portfolio S&P 500 ETF returns, drawdowns and risk
Funds that track the S&P 500, the 500 largest US companies weighted by market value. They hold the same stocks, so differences come from fees, tracking, currency and how dividends are paid.
Data updated July 2026
SPLG · US exchange · USDCategory: S&P 500 ETFsData from June 2020
From June 2020 to July 2026 SPLG returned 17.2% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $26,433.
Its deepest fall was 24.5%, from January 2022 to October 2022, and it took about 23 months to get back to the previous high. Annual volatility was 17.0%; at the last close it was 1.9% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 73 months both have data, the correlation of monthly returns was 1.00: they moved almost in lockstep. Beta was 1.00. In months when SPY rose, SPLG moved 101% as much on average; in months when SPY fell, 102% as much.
Key figures
- Annual return (CAGR)
- +17.2%
- 1-year return
- +19.8%
- 5 years, a year
- +13.1%
- 10 years, a year
- —
- Annual volatility
- 17.0%
- Maximum drawdown
- −24.5%
- Sharpe ratio
- 0.87
- Worst year
- 2022: −18.1%
Trailing returns
| Period | SPLG | SPY |
|---|---|---|
| 1 year | +19.8% | +16.6% |
| 3 years, a year | +19.7% | +23.1% |
| 5 years, a year | +13.1% | +12.7% |
To the last close of July 2026. Periods longer than a year are annualised.
Growth of $10,000: SPLG vs SPY
Month-end values from July 2020, the first month both funds have data.
SPLG drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | SPLG | SPY |
|---|---|---|
| 2026(partial) | +9.6% | +13.3% |
| 2025 | +17.8% | +17.7% |
| 2024 | +25.0% | +24.9% |
| 2023 | +26.2% | +26.2% |
| 2022 | −18.1% | −18.2% |
| 2021 | +28.8% | +28.7% |
| 2020(partial) | +23.0% | — |
SPLG compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of SPLG?
From June 2020 to July 2026 SPLG returned 17.2% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +13.1% a year. Over the last 12 months: +19.8%.
What was the worst drawdown of SPLG?
24.5%, from January 2022 to October 2022; it took about 23 months from the previous high to get back to it.
How volatile is SPLG?
Annual volatility was 17.0% over the period. Its worst month was −9.3% and 66% of months were positive. Worst calendar year: 2022 (−18.1%).
How closely does SPLG follow SPY?
Over 73 months the correlation of monthly returns was 1.00, so they moved almost in lockstep, with a beta of 1.00.
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Other S&P 500 ETFs
- All S&P 500 ETFsReturns and risk side by side
- SPY — SPDR S&P 500 ETF TrustCAGR +11.0%
- VOO — Vanguard S&P 500 ETFCAGR +17.1%
- IVV — iShares Core S&P 500 ETFCAGR +11.1%
- CSSPX — iShares Core S&P 500 UCITS ETF (Acc)CAGR +15.2%
- VUAA — Vanguard S&P 500 UCITS ETF (Acc)CAGR +14.1%
- VUSA — Vanguard S&P 500 UCITS ETF (Dist)CAGR +14.9%
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.