INDAX vs. SPHD
Compare and contrast key facts about ALPS/Kotak India ESG Fund (INDAX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
INDAX is managed by ALPS. It was launched on Feb 13, 2011. 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: INDAX or SPHD.
Correlation
The correlation between INDAX and SPHD is 0.34, 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
INDAX vs. SPHD - Performance Comparison
Key characteristics
INDAX:
-0.58
SPHD:
2.17
INDAX:
-0.59
SPHD:
2.99
INDAX:
0.89
SPHD:
1.39
INDAX:
-0.44
SPHD:
2.65
INDAX:
-1.13
SPHD:
8.27
INDAX:
10.39%
SPHD:
2.81%
INDAX:
20.20%
SPHD:
10.74%
INDAX:
-48.22%
SPHD:
-41.39%
INDAX:
-25.72%
SPHD:
-2.79%
Returns By Period
In the year-to-date period, INDAX achieves a -6.19% return, which is significantly lower than SPHD's 3.83% return. Over the past 10 years, INDAX has underperformed SPHD with an annualized return of 1.54%, while SPHD has yielded a comparatively higher 8.46% annualized return.
INDAX
-6.19%
-0.90%
-20.67%
-12.13%
3.62%
1.54%
SPHD
3.83%
1.94%
4.64%
22.08%
7.37%
8.46%
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INDAX vs. SPHD - Expense Ratio Comparison
INDAX has a 1.33% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
INDAX vs. SPHD — Risk-Adjusted Performance Rank
INDAX
SPHD
INDAX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/Kotak India ESG Fund (INDAX) 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
INDAX vs. SPHD - Dividend Comparison
INDAX's dividend yield for the trailing twelve months is around 0.39%, less than SPHD's 2.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDAX ALPS/Kotak India ESG Fund | 0.39% | 0.37% | 0.00% | 0.00% | 2.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.37% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 2.97% | 3.41% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
Drawdowns
INDAX vs. SPHD - Drawdown Comparison
The maximum INDAX drawdown since its inception was -48.22%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for INDAX and SPHD. For additional features, visit the drawdowns tool.
Volatility
INDAX vs. SPHD - Volatility Comparison
ALPS/Kotak India ESG Fund (INDAX) has a higher volatility of 3.81% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.09%. This indicates that INDAX'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.