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.
Correlation
The correlation between ALVIX and SPLG is 0.86, 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
Key characteristics
ALVIX:
-0.05
SPLG:
0.56
ALVIX:
0.13
SPLG:
0.91
ALVIX:
1.02
SPLG:
1.13
ALVIX:
0.02
SPLG:
0.58
ALVIX:
0.05
SPLG:
2.24
ALVIX:
6.85%
SPLG:
4.83%
ALVIX:
15.74%
SPLG:
19.21%
ALVIX:
-61.45%
SPLG:
-54.52%
ALVIX:
-14.61%
SPLG:
-7.54%
Returns By Period
In the year-to-date period, ALVIX achieves a 1.68% return, which is significantly higher than SPLG's -3.30% return. Over the past 10 years, ALVIX has underperformed SPLG with an annualized return of 2.87%, while SPLG has yielded a comparatively higher 12.33% annualized return.
ALVIX
1.68%
7.84%
-9.02%
-0.73%
4.38%
2.87%
SPLG
-3.30%
13.76%
-4.52%
10.72%
15.90%
12.33%
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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 Rank
ALVIX
SPLG
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 1.98%, more than SPLG's 1.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALVIX American Century Investments Focused Large Cap Value Fund | 1.98% | 2.04% | 1.89% | 1.85% | 1.90% | 1.65% | 1.68% | 2.76% | 1.77% | 1.78% | 1.33% | 1.33% |
SPLG SPDR Portfolio S&P 500 ETF | 1.35% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
ALVIX vs. SPLG - Drawdown Comparison
The maximum ALVIX drawdown since its inception was -61.45%, which is greater than SPLG's maximum drawdown of -54.52%. 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 7.22%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 11.17%. 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.