SPYV: SPDR Portfolio S&P 500 Value ETF returns, drawdowns and risk
Funds that tilt towards cheaper companies relative to earnings or book value, such as financials, energy and health care.
Data updated October 2026
SPYV · US exchange · USDCategory: US value ETFsData from June 2020
From June 2020 to October 2026 SPYV returned 14.8% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $24,175.
Its deepest fall was 17.9%, from April 2022 to September 2022, and it took about 9 months to get back to the previous high. Annual volatility was 14.8%; at the last close it was 1.0% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 76 months both have data, the correlation of monthly returns was 0.89: they usually moved together. Beta was 0.83. In months when SPY rose, SPYV moved 90% as much on average; in months when SPY fell, 88% as much.
Key figures
- Annual return (CAGR)
- +14.8%
- 1-year return
- +16.1%
- 5 years, a year
- +11.4%
- 10 years, a year
- —
- Annual volatility
- 14.8%
- Maximum drawdown
- −17.9%
- Sharpe ratio
- 0.82
- Worst year
- 2022: −5.3%
Trailing returns
| Period | SPYV | SPY |
|---|---|---|
| 1 year | +16.1% | +16.6% |
| 3 years, a year | +17.8% | +23.1% |
| 5 years, a year | +11.4% | +12.7% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: SPYV vs SPY
Month-end values from July 2020, the first month both funds have data.
SPYV drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | SPYV | SPY |
|---|---|---|
| 2026(partial) | +12.3% | +13.3% |
| 2025 | +13.2% | +17.7% |
| 2024 | +12.2% | +24.9% |
| 2023 | +22.2% | +26.2% |
| 2022 | −5.3% | −18.2% |
| 2021 | +24.9% | +28.7% |
| 2020(partial) | +17.2% | — |
SPYV 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 SPYV?
From June 2020 to October 2026 SPYV returned 14.8% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +11.4% a year. Over the last 12 months: +16.1%.
What was the worst drawdown of SPYV?
17.9%, from April 2022 to September 2022; it took about 9 months from the previous high to get back to it.
How volatile is SPYV?
Annual volatility was 14.8% over the period. Its worst month was −8.4% and 66% of months were positive. Worst calendar year: 2022 (−5.3%).
How closely does SPYV follow SPY?
Over 76 months the correlation of monthly returns was 0.89, so they usually moved together, with a beta of 0.83.
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Other US value ETFs
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.