GAIN vs. SPGP
Compare and contrast key facts about Gladstone Investment Corporation (GAIN) and Invesco S&P 500 GARP ETF (SPGP).
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: GAIN or SPGP.
Key characteristics
| GAIN | SPGP | |
|---|---|---|
| YTD Return | 3.15% | 6.63% |
| 1Y Return | 27.98% | 24.12% |
| 3Y Return (Ann) | 12.73% | 7.73% |
| 5Y Return (Ann) | 14.85% | 15.51% |
| 10Y Return (Ann) | 16.87% | 14.59% |
| Sharpe Ratio | 1.66 | 1.89 |
| Daily Std Dev | 18.10% | 13.40% |
| Max Drawdown | -80.87% | -42.08% |
| Current Drawdown | -2.43% | -2.41% |
Correlation
The correlation between GAIN and SPGP is 0.39, 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.
Performance
GAIN vs. SPGP - Performance Comparison
In the year-to-date period, GAIN achieves a 3.15% return, which is significantly lower than SPGP's 6.63% return. Over the past 10 years, GAIN has outperformed SPGP with an annualized return of 16.87%, while SPGP has yielded a comparatively lower 14.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
GAIN vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gladstone Investment Corporation (GAIN) 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
GAIN vs. SPGP - Dividend Comparison
GAIN's dividend yield for the trailing twelve months is around 15.60%, more than SPGP's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAIN Gladstone Investment Corporation | 15.60% | 16.57% | 9.08% | 5.34% | 9.22% | 7.42% | 9.68% | 7.77% | 8.87% | 9.68% | 11.00% | 7.30% |
SPGP Invesco S&P 500 GARP ETF | 1.29% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
GAIN vs. SPGP - Drawdown Comparison
The maximum GAIN drawdown since its inception was -80.87%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for GAIN and SPGP. For additional features, visit the drawdowns tool.
Volatility
GAIN vs. SPGP - Volatility Comparison
The current volatility for Gladstone Investment Corporation (GAIN) is 2.72%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 3.88%. This indicates that GAIN 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.