HON vs. SPGP
Compare and contrast key facts about Honeywell International Inc (HON) 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: HON or SPGP.
Performance
HON vs. SPGP - Performance Comparison
Returns By Period
In the year-to-date period, HON achieves a 10.40% return, which is significantly lower than SPGP's 12.48% return. Over the past 10 years, HON has underperformed SPGP with an annualized return of 10.70%, while SPGP has yielded a comparatively higher 13.96% annualized return.
HON
10.40%
2.84%
12.94%
21.06%
7.32%
10.70%
SPGP
12.48%
2.42%
5.46%
19.35%
13.90%
13.96%
Key characteristics
| HON | SPGP | |
|---|---|---|
| Sharpe Ratio | 1.20 | 1.27 |
| Sortino Ratio | 1.69 | 1.82 |
| Omega Ratio | 1.22 | 1.23 |
| Calmar Ratio | 1.45 | 1.96 |
| Martin Ratio | 4.11 | 5.92 |
| Ulcer Index | 5.04% | 3.18% |
| Daily Std Dev | 17.29% | 14.75% |
| Max Drawdown | -71.79% | -42.08% |
| Current Drawdown | -2.62% | -1.63% |
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Correlation
The correlation between HON and SPGP is 0.63, 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
HON vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) 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
HON vs. SPGP - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 1.93%, more than SPGP's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPGP Invesco S&P 500 GARP ETF | 1.32% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
HON vs. SPGP - Drawdown Comparison
The maximum HON drawdown since its inception was -71.79%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for HON and SPGP. For additional features, visit the drawdowns tool.
Volatility
HON vs. SPGP - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 8.63% compared to Invesco S&P 500 GARP ETF (SPGP) at 4.94%. This indicates that HON's price experiences larger fluctuations and is considered to be riskier than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.