^GSPC vs. SPHD
Compare and contrast key facts about S&P 500 (^GSPC) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GSPC or SPHD.
Correlation
The correlation between ^GSPC and SPHD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^GSPC vs. SPHD - Performance Comparison
Key characteristics
^GSPC:
2.06
SPHD:
1.83
^GSPC:
2.74
SPHD:
2.59
^GSPC:
1.38
SPHD:
1.33
^GSPC:
3.13
SPHD:
2.08
^GSPC:
12.84
SPHD:
8.38
^GSPC:
2.07%
SPHD:
2.45%
^GSPC:
12.87%
SPHD:
11.19%
^GSPC:
-56.78%
SPHD:
-41.39%
^GSPC:
-1.54%
SPHD:
-5.57%
Returns By Period
In the year-to-date period, ^GSPC achieves a 1.96% return, which is significantly higher than SPHD's 0.87% return. Over the past 10 years, ^GSPC has outperformed SPHD with an annualized return of 11.36%, while SPHD has yielded a comparatively lower 8.09% annualized return.
^GSPC
1.96%
1.11%
7.77%
23.90%
12.59%
11.36%
SPHD
0.87%
2.22%
6.45%
20.98%
6.29%
8.09%
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Risk-Adjusted Performance
^GSPC vs. SPHD — Risk-Adjusted Performance Rank
^GSPC
SPHD
^GSPC vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^GSPC vs. SPHD - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for ^GSPC and SPHD. For additional features, visit the drawdowns tool.
Volatility
^GSPC vs. SPHD - Volatility Comparison
S&P 500 (^GSPC) has a higher volatility of 5.07% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.11%. This indicates that ^GSPC's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.