SPDR Russell Small Cap Completeness (SPMD) Performance
SPMD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.6% since Dec 31, 2025
- 1 year
- +11.8% total return
- 5 years
- +6.9% a year
- 10 years
- +10.8% a year
- Since first price
- +9.5% a year since 2005
SPMD trailing returns vs SPY, QQQ, AGG
| Period | SPMD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.8% | −4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.2% | −0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +10.6% | +9.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.8% | +10.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +59.4%+16.8%/yr | +52.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +39.5%+6.9%/yr | +29.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +179.4%+10.8%/yr | +136.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +414.9%+11.5%/yr | +237.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +504.8%+9.4%/yr | +247.0% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionNov 15, 2005 | +569.9%+9.5%/yr | +280.5% | — | — | — |
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: SPMD vs SPY
From Nov 15, 2005: SPMD grew to $66,992, SPY to $90,507.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPMD returns by calendar year
15 of 20 full years positive. Best 2009 (+45.1%), worst 2008 (−38.4%). 2026 is year to date.
SPMD annual returns table
| Year | SPMD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.6% | −8.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.4% | −22.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.9% | −8.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.5% | −14.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.1% | −22.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.8% | −8.4% | +28.7% | +27.4% | −1.8% |
| 2020 | +13.5% | −41.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +25.2% | −8.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.3% | −24.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +15.1% | −5.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +18.2% | −14.8% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.2% | −14.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +8.2% | −11.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +38.8% | −7.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +16.9% | −12.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −1.2% | −27.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +24.6% | −17.5% | +15.1% | +19.9% | +6.4% |
| 2009 | +45.1% | −28.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −38.4% | −53.0% | −36.8% | −41.7% | +7.9% |
| 2007 | +5.2% | −12.5% | +5.1% | +19.0% | +6.6% |
| 2006 | +12.5% | −11.9% | +15.8% | +7.1% | +3.9% |
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.
SPMD largest drawdowns
Now 7.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 17, 2007 | −57.6% | Mar 9, 2009 | Dec 13, 2010 | 1.6 years | 3.4 years |
| Feb 20, 2020 | −41.9% | Mar 23, 2020 | Nov 9, 2020 | 32 days | 9 months |
| Apr 29, 2011 | −27.5% | Oct 4, 2011 | Mar 15, 2012 | 5 months | 11 months |
| Jun 22, 2015 | −25.0% | Feb 11, 2016 | Nov 14, 2016 | 8 months | 1.4 years |
| Aug 29, 2018 | −24.3% | Dec 24, 2018 | Dec 19, 2019 | 4 months | 1.3 years |
| Nov 25, 2024 | −24.1% | Apr 8, 2025 | Dec 10, 2025 | 4 months | 1.0 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPMD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2005 |
|---|---|---|---|---|
| Annualized return | +14.5% | +8.0% | +10.5% | +9.4% |
| Volatility (annualized) | 15.6% | 18.2% | 18.8% | 18.4% |
| Sharpe ratio | 0.67 | 0.32 | 0.51 | — |
| Sortino ratio | 1.12 | 0.50 | 0.76 | — |
| Best month | +9.0% | +10.9% | +14.3% | +16.7% |
| Worst month | −7.2% | −9.7% | −20.2% | −20.8% |
| Best 12 months | +33.4% | +33.4% | +83.2% | +83.2% |
| Worst 12 months | −2.6% | −15.2% | −22.5% | −44.1% |
| Positive months | 61% | 55% | 62% | 62% |
| Beta vs S&P 500 | 1.00 | 1.01 | 1.10 | — |
| Correlation with S&P 500 | 0.80 | 0.87 | 0.90 | — |
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.
SPMD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 240 | −44.1% | +11.5% | +83.2% | 73% |
| 3-year (a year) | 216 | −16.0% | +9.8% | +33.0% | 88% |
| 5-year (a year) | 192 | −0.2% | +9.9% | +28.7% | 99% |
| 10-year (a year) | 132 | +6.7% | +10.2% | +17.5% | 100% |
Every holding period starting at a month-end since 2005. Returns for 3 years and longer are annualized.
SPMD performance overview
SPDR Russell Small Cap Completeness (SPMD) returned +11.8% over the past year and +10.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2005 it has returned +9.5% a year, turning $10,000 into about $66,992. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −57.6%, from Jul 17, 2007 to Mar 9, 2009, and it took 1.8 years to get back to the old high. SPMD finished 15 of its 20 full calendar years with a gain; the best year was 2009 (+45.1%) and the worst 2008 (−38.4%). Volatility has been 18.4% a year.
Related: SPMD chart, SPMD holdings, SPMD dividends, SPMD valuation. See the SPMD overview for the latest quote and fund facts.
SPMD performance FAQ
What is the SPMD return over the past year?
SPMD returned +11.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.2%.
What is the average annual return of SPMD?
SPMD has returned +6.9% a year over 5 years, +10.8% a year over 10 years, +9.5% a year since November 15, 2005 (total return, distributions reinvested).
How much would $10,000 invested in SPMD be worth?
$10,000 invested in SPMD at its first recorded close on November 15, 2005 would be worth about $66,992 on October 23, 2026 with distributions reinvested.
What was the worst year for SPMD?
The worst calendar year was 2008, with a total return of −38.4%. The best was 2009 at +45.1%.
What is the biggest drawdown of SPMD?
The largest peak-to-trough decline was −57.6% between July 17, 2007 and March 9, 2009. It recovered to the old high on December 13, 2010, 1.8 years after the bottom.
How volatile is SPMD?
Over the past 3 years SPMD had an annualized volatility of 15.6% and a Sharpe ratio of 0.67 (excess return over 1–3 month T-bills per unit of risk).