CVY vs. SPY
Compare and contrast key facts about Invesco Zacks Multi-Asset Income ETF (CVY) and SPDR S&P 500 ETF (SPY).
CVY and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVY is a passively managed fund by Invesco that tracks the performance of the Zacks Multi-Asset Income Index. It was launched on Sep 21, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both CVY and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVY or SPY.
Correlation
The correlation between CVY and SPY is 0.81, 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
CVY vs. SPY - Performance Comparison
Key characteristics
CVY:
1.02
SPY:
1.75
CVY:
1.45
SPY:
2.36
CVY:
1.18
SPY:
1.32
CVY:
1.45
SPY:
2.66
CVY:
4.56
SPY:
11.01
CVY:
2.81%
SPY:
2.03%
CVY:
12.59%
SPY:
12.77%
CVY:
-66.86%
SPY:
-55.19%
CVY:
-3.49%
SPY:
-2.12%
Returns By Period
In the year-to-date period, CVY achieves a 3.42% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, CVY has underperformed SPY with an annualized return of 5.69%, while SPY has yielded a comparatively higher 12.96% annualized return.
CVY
3.42%
-0.57%
1.39%
11.78%
7.29%
5.69%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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CVY vs. SPY - Expense Ratio Comparison
CVY has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
CVY vs. SPY — Risk-Adjusted Performance Rank
CVY
SPY
CVY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Multi-Asset Income ETF (CVY) and SPDR S&P 500 ETF (SPY). 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
CVY vs. SPY - Dividend Comparison
CVY's dividend yield for the trailing twelve months is around 3.93%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 3.93% | 4.07% | 4.42% | 5.18% | 2.37% | 3.39% | 3.22% | 4.43% | 3.93% | 4.50% | 5.89% | 6.28% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CVY vs. SPY - Drawdown Comparison
The maximum CVY drawdown since its inception was -66.86%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CVY and SPY. For additional features, visit the drawdowns tool.
Volatility
CVY vs. SPY - Volatility Comparison
The current volatility for Invesco Zacks Multi-Asset Income ETF (CVY) is 2.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.38%. This indicates that CVY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.