SPDR SSGA Gender Diversity ETF (SHE) Performance
SHE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +17.6% since Dec 31, 2025
- 1 year
- +19.9% total return
- 5 years
- +9.0% a year
- 10 years
- +12.4% a year
- Since first price
- +12.5% a year since 2016
SHE trailing returns vs SPY, QQQ, AGG
| Period | SHE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.0% | −3.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.3% | +1.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.0% | +10.4% | +7.8% | +8.4% | −1.5% |
| YTD | +17.6% | +16.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +19.9% | +18.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +90.6%+24.0%/yr | +83.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +53.5%+9.0%/yr | +43.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +223.1%+12.4%/yr | +143.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionMar 8, 2016 | +248.4%+12.5%/yr | +159.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SHE vs SPY
From Mar 8, 2016: SHE grew to $34,838, SPY to $45,549.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SHE returns by calendar year
7 of 9 full years positive. Best 2019 (+23.6%), worst 2022 (−21.7%). 2026 is year to date.
SHE annual returns table
| Year | SHE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +17.6% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.5% | −17.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.4% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.4% | −9.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −21.7% | −28.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +15.2% | −9.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +17.9% | −35.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +23.6% | −6.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −3.5% | −18.2% | −4.6% | −0.1% | +0.1% |
| 2017 | +19.6% | −3.1% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SHE largest drawdowns
Now 4.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −35.8% | Mar 23, 2020 | Sep 2, 2020 | 33 days | 6 months |
| Nov 16, 2021 | −31.7% | Sep 30, 2022 | Mar 7, 2024 | 10 months | 2.3 years |
| Sep 21, 2018 | −18.2% | Dec 24, 2018 | Apr 30, 2019 | 3 months | 7 months |
| Feb 19, 2025 | −17.1% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
| Jan 26, 2018 | −10.3% | Feb 8, 2018 | Jul 25, 2018 | 13 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SHE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2016 |
|---|---|---|---|---|
| Annualized return | +24.3% | +10.8% | +12.6% | +12.4% |
| Volatility (annualized) | 13.4% | 16.5% | 16.2% | 15.9% |
| Sharpe ratio | 1.38 | 0.49 | 0.67 | 0.68 |
| Sortino ratio | 2.99 | 0.77 | 1.06 | 1.08 |
| Best month | +11.9% | +11.9% | +14.1% | +14.1% |
| Worst month | −5.5% | −9.1% | −15.1% | −15.1% |
| Best 12 months | +36.9% | +36.9% | +63.0% | +63.0% |
| Worst 12 months | +8.8% | −26.9% | −26.9% | −26.9% |
| Positive months | 69% | 60% | 68% | 68% |
| Beta vs S&P 500 | 1.02 | 1.00 | 1.01 | — |
| Correlation with S&P 500 | 0.94 | 0.95 | 0.96 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SHE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 116 | −26.9% | +13.7% | +63.0% | 84% |
| 3-year (a year) | 92 | +1.1% | +10.4% | +25.2% | 100% |
| 5-year (a year) | 68 | +4.3% | +9.9% | +16.1% | 100% |
| 10-year (a year) | 8 | +10.7% | +12.5% | +12.8% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
SHE performance overview
SPDR SSGA Gender Diversity ETF (SHE) returned +19.9% over the past year and +12.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +12.5% a year, turning $10,000 into about $34,838. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.8%, from Feb 19, 2020 to Mar 23, 2020, and it took 5 months to get back to the old high. SHE finished 7 of its 9 full calendar years with a gain; the best year was 2019 (+23.6%) and the worst 2022 (−21.7%). Volatility has been 15.9% a year.
Related: SHE chart, SHE holdings, SHE dividends, SHE valuation. See the SHE overview for the latest quote and fund facts.
SHE performance FAQ
What is the SHE return over the past year?
SHE returned +19.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.4%.
What is the average annual return of SHE?
SHE has returned +9.0% a year over 5 years, +12.4% a year over 10 years, +12.5% a year since March 8, 2016 (total return, distributions reinvested).
How much would $10,000 invested in SHE be worth?
$10,000 invested in SHE at its first recorded close on March 8, 2016 would be worth about $34,838 on October 23, 2026 with distributions reinvested.
What was the worst year for SHE?
The worst calendar year was 2022, with a total return of −21.7%. The best was 2019 at +23.6%.
What is the biggest drawdown of SHE?
The largest peak-to-trough decline was −35.8% between February 19, 2020 and March 23, 2020. It recovered to the old high on September 2, 2020, 5 months after the bottom.
How volatile is SHE?
Over the past 3 years SHE had an annualized volatility of 13.4% and a Sharpe ratio of 1.38 (excess return over 1–3 month T-bills per unit of risk).