GSPY vs. SPHQ
Compare and contrast key facts about Gotham Enhanced 500 ETF (GSPY) and Invesco S&P 500® Quality ETF (SPHQ).
GSPY and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSPY is an actively managed fund by Gotham. It was launched on Dec 28, 2020. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPY or SPHQ.
Correlation
The correlation between GSPY and SPHQ is 0.94, 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
GSPY vs. SPHQ - Performance Comparison
Key characteristics
GSPY:
1.79
SPHQ:
2.01
GSPY:
2.43
SPHQ:
2.77
GSPY:
1.33
SPHQ:
1.36
GSPY:
2.80
SPHQ:
4.01
GSPY:
11.47
SPHQ:
13.40
GSPY:
1.94%
SPHQ:
1.85%
GSPY:
12.42%
SPHQ:
12.33%
GSPY:
-23.30%
SPHQ:
-57.83%
GSPY:
-1.58%
SPHQ:
-0.68%
Returns By Period
In the year-to-date period, GSPY achieves a 2.64% return, which is significantly lower than SPHQ's 4.33% return.
GSPY
2.64%
1.85%
12.97%
21.38%
N/A
N/A
SPHQ
4.33%
4.00%
11.17%
23.56%
15.14%
13.49%
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GSPY vs. SPHQ - Expense Ratio Comparison
GSPY has a 0.50% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
GSPY vs. SPHQ — Risk-Adjusted Performance Rank
GSPY
SPHQ
GSPY vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gotham Enhanced 500 ETF (GSPY) and Invesco S&P 500® Quality ETF (SPHQ). 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
GSPY vs. SPHQ - Dividend Comparison
GSPY's dividend yield for the trailing twelve months is around 0.82%, less than SPHQ's 1.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSPY Gotham Enhanced 500 ETF | 0.82% | 0.84% | 1.06% | 1.25% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500® Quality ETF | 1.10% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
Drawdowns
GSPY vs. SPHQ - Drawdown Comparison
The maximum GSPY drawdown since its inception was -23.30%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for GSPY and SPHQ. For additional features, visit the drawdowns tool.
Volatility
GSPY vs. SPHQ - Volatility Comparison
Gotham Enhanced 500 ETF (GSPY) has a higher volatility of 3.69% compared to Invesco S&P 500® Quality ETF (SPHQ) at 3.21%. This indicates that GSPY's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.