BWY.L vs. XSHD
Compare and contrast key facts about Bellway plc (BWY.L) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).
XSHD is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Low Volatility High Dividend Index. It was launched on Dec 1, 2016.
Performance
BWY.L vs. XSHD - Performance Comparison
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BWY.L vs. XSHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWY.L Bellway plc | -30.90% | 12.99% | -0.89% | 42.77% | -38.78% | 17.08% | -21.07% | 58.64% | -25.83% | 49.32% |
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 5.75% | -13.07% | -3.60% | -2.15% | -9.90% | 19.43% | -16.09% | 13.42% | -2.40% | -7.26% |
Different Trading Currencies
BWY.L is traded in GBp, while XSHD is traded in USD. To make them comparable, the XSHD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BWY.L achieves a -30.90% return, which is significantly lower than XSHD's 5.75% return.
BWY.L
- 1D
- 2.82%
- 1M
- -29.88%
- YTD
- -30.90%
- 6M
- -21.91%
- 1Y
- -17.98%
- 3Y*
- -1.53%
- 5Y*
- -7.49%
- 10Y*
- 0.84%
XSHD
- 1D
- -0.02%
- 1M
- -1.87%
- YTD
- 5.75%
- 6M
- 2.21%
- 1Y
- -2.47%
- 3Y*
- -3.53%
- 5Y*
- -4.11%
- 10Y*
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Return for Risk
BWY.L vs. XSHD — Risk / Return Rank
BWY.L
XSHD
BWY.L vs. XSHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bellway plc (BWY.L) and Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD). 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.
| BWY.L | XSHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.51 | -0.14 | -0.38 |
Sortino ratioReturn per unit of downside risk | -0.50 | -0.07 | -0.43 |
Omega ratioGain probability vs. loss probability | 0.93 | 0.99 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.41 | -0.18 | -0.23 |
Martin ratioReturn relative to average drawdown | -1.19 | -0.38 | -0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BWY.L | XSHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.51 | -0.14 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.23 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.07 | +0.42 |
Correlation
The correlation between BWY.L and XSHD is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BWY.L vs. XSHD - Dividend Comparison
BWY.L's dividend yield for the trailing twelve months is around 3.69%, less than XSHD's 5.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWY.L Bellway plc | 3.69% | 2.55% | 2.17% | 5.45% | 7.34% | 3.52% | 1.69% | 3.95% | 5.69% | 3.42% | 4.36% | 2.72% |
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 5.68% | 6.45% | 7.25% | 7.62% | 6.77% | 3.86% | 5.55% | 4.88% | 5.49% | 4.11% | 0.41% | 0.00% |
Drawdowns
BWY.L vs. XSHD - Drawdown Comparison
The maximum BWY.L drawdown since its inception was -75.91%, which is greater than XSHD's maximum drawdown of -47.10%. Use the drawdown chart below to compare losses from any high point for BWY.L and XSHD.
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Drawdown Indicators
| BWY.L | XSHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.91% | -49.53% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -39.81% | -12.98% | -26.83% |
Max Drawdown (5Y)Largest decline over 5 years | -54.97% | -36.84% | -18.13% |
Max Drawdown (10Y)Largest decline over 10 years | -60.41% | — | — |
Current DrawdownCurrent decline from peak | -44.80% | -27.55% | -17.25% |
Average DrawdownAverage peak-to-trough decline | -21.39% | -16.20% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.83% | 4.69% | +9.14% |
Volatility
BWY.L vs. XSHD - Volatility Comparison
Bellway plc (BWY.L) has a higher volatility of 22.00% compared to Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) at 4.12%. This indicates that BWY.L's price experiences larger fluctuations and is considered to be riskier than XSHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWY.L | XSHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.00% | 4.12% | +17.88% |
Volatility (6M)Calculated over the trailing 6-month period | 28.70% | 10.82% | +17.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.87% | 18.02% | +16.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.89% | 18.00% | +12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.99% | 21.87% | +12.12% |