DSPIX vs. SPGP
Compare and contrast key facts about BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Invesco S&P 500 GARP ETF (SPGP).
DSPIX is managed by BNY Mellon. It was launched on Sep 30, 1993. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DSPIX or SPGP.
Correlation
The correlation between DSPIX and SPGP is 0.83, 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
DSPIX vs. SPGP - Performance Comparison
Key characteristics
DSPIX:
2.00
SPGP:
0.84
DSPIX:
2.72
SPGP:
1.24
DSPIX:
1.36
SPGP:
1.15
DSPIX:
3.06
SPGP:
1.30
DSPIX:
12.66
SPGP:
3.52
DSPIX:
1.99%
SPGP:
3.53%
DSPIX:
12.58%
SPGP:
14.74%
DSPIX:
-55.32%
SPGP:
-42.08%
DSPIX:
0.00%
SPGP:
-3.81%
Returns By Period
In the year-to-date period, DSPIX achieves a 4.10% return, which is significantly higher than SPGP's 2.80% return. Both investments have delivered pretty close results over the past 10 years, with DSPIX having a 13.18% annualized return and SPGP not far ahead at 13.63%.
DSPIX
4.10%
2.85%
10.92%
23.24%
14.26%
13.18%
SPGP
2.80%
-1.26%
6.12%
9.79%
12.21%
13.63%
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DSPIX vs. SPGP - Expense Ratio Comparison
DSPIX has a 0.20% expense ratio, which is lower than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
DSPIX vs. SPGP — Risk-Adjusted Performance Rank
DSPIX
SPGP
DSPIX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) and Invesco S&P 500 GARP ETF (SPGP). 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
DSPIX vs. SPGP - Dividend Comparison
DSPIX's dividend yield for the trailing twelve months is around 27.01%, more than SPGP's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSPIX BNY Mellon Institutional S&P 500 Stock Index Fund | 27.01% | 28.12% | 27.46% | 18.33% | 12.91% | 4.64% | 5.01% | 6.33% | 2.53% | 2.91% | 2.63% | 1.70% |
SPGP Invesco S&P 500 GARP ETF | 1.34% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% |
Drawdowns
DSPIX vs. SPGP - Drawdown Comparison
The maximum DSPIX drawdown since its inception was -55.32%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for DSPIX and SPGP. For additional features, visit the drawdowns tool.
Volatility
DSPIX vs. SPGP - Volatility Comparison
The current volatility for BNY Mellon Institutional S&P 500 Stock Index Fund (DSPIX) is 3.21%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 3.46%. This indicates that DSPIX experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.