ALVIX vs. SPLG
Compare and contrast key facts about American Century Investments Focused Large Cap Value Fund (ALVIX) and SPDR Portfolio S&P 500 ETF (SPLG).
ALVIX is managed by American Century Investments. It was launched on Jul 30, 1999. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALVIX or SPLG.
Key characteristics
ALVIX | SPLG | |
---|---|---|
YTD Return | 4.47% | 7.93% |
1Y Return | 10.52% | 28.14% |
3Y Return (Ann) | 6.11% | 8.82% |
5Y Return (Ann) | 8.49% | 13.56% |
10Y Return (Ann) | 8.27% | 12.74% |
Sharpe Ratio | 1.04 | 2.35 |
Daily Std Dev | 9.27% | 11.63% |
Max Drawdown | -59.66% | -54.50% |
Current Drawdown | -2.09% | -2.28% |
Correlation
The correlation between ALVIX and SPLG is 0.77, 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
ALVIX vs. SPLG - Performance Comparison
In the year-to-date period, ALVIX achieves a 4.47% return, which is significantly lower than SPLG's 7.93% return. Over the past 10 years, ALVIX has underperformed SPLG with an annualized return of 8.27%, while SPLG has yielded a comparatively higher 12.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALVIX vs. SPLG - Expense Ratio Comparison
ALVIX has a 0.83% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
ALVIX vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Investments Focused Large Cap Value Fund (ALVIX) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
ALVIX vs. SPLG - Dividend Comparison
ALVIX's dividend yield for the trailing twelve months is around 3.57%, more than SPLG's 1.37% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
American Century Investments Focused Large Cap Value Fund | 3.57% | 3.63% | 12.50% | 20.50% | 2.19% | 2.45% | 7.25% | 5.49% | 1.79% | 1.33% | 1.33% | 1.51% |
SPDR Portfolio S&P 500 ETF | 1.37% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
ALVIX vs. SPLG - Drawdown Comparison
The maximum ALVIX drawdown since its inception was -59.66%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for ALVIX and SPLG. For additional features, visit the drawdowns tool.
Volatility
ALVIX vs. SPLG - Volatility Comparison
The current volatility for American Century Investments Focused Large Cap Value Fund (ALVIX) is 3.19%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.08%. This indicates that ALVIX experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.