HCMDX vs. SPHD
Compare and contrast key facts about HCM Tactical Growth Fund (HCMDX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
HCMDX is managed by Howard Capital Management. It was launched on Jul 30, 2014. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HCMDX or SPHD.
Performance
HCMDX vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, HCMDX achieves a 30.22% return, which is significantly higher than SPHD's 22.49% return. Over the past 10 years, HCMDX has outperformed SPHD with an annualized return of 11.50%, while SPHD has yielded a comparatively lower 8.74% annualized return.
HCMDX
30.22%
1.87%
14.33%
40.47%
17.63%
11.50%
SPHD
22.49%
-0.18%
13.83%
32.04%
7.70%
8.74%
Key characteristics
| HCMDX | SPHD | |
|---|---|---|
| Sharpe Ratio | 1.69 | 2.85 |
| Sortino Ratio | 2.19 | 4.07 |
| Omega Ratio | 1.30 | 1.52 |
| Calmar Ratio | 1.37 | 2.25 |
| Martin Ratio | 7.25 | 19.55 |
| Ulcer Index | 5.46% | 1.63% |
| Daily Std Dev | 23.46% | 11.16% |
| Max Drawdown | -41.69% | -41.39% |
| Current Drawdown | -3.60% | -1.06% |
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HCMDX vs. SPHD - Expense Ratio Comparison
HCMDX has a 2.84% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Correlation
The correlation between HCMDX and SPHD is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
HCMDX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HCM Tactical Growth Fund (HCMDX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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
HCMDX vs. SPHD - Dividend Comparison
HCMDX has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 3.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCMDX HCM Tactical Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.34% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
HCMDX vs. SPHD - Drawdown Comparison
The maximum HCMDX drawdown since its inception was -41.69%, roughly equal to the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for HCMDX and SPHD. For additional features, visit the drawdowns tool.
Volatility
HCMDX vs. SPHD - Volatility Comparison
HCM Tactical Growth Fund (HCMDX) has a higher volatility of 9.55% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.62%. This indicates that HCMDX's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.