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.
Key characteristics
| INDAX | SPHD | |
|---|---|---|
| YTD Return | 4.49% | 5.80% |
| 1Y Return | 20.91% | 12.58% |
| 3Y Return (Ann) | 7.70% | 2.96% |
| 5Y Return (Ann) | 10.57% | 5.69% |
| 10Y Return (Ann) | 10.33% | 8.08% |
| Sharpe Ratio | 1.80 | 0.93 |
| Daily Std Dev | 12.03% | 12.76% |
| Max Drawdown | -43.98% | -41.39% |
| Current Drawdown | -1.75% | -2.07% |
Correlation
The correlation between INDAX and SPHD is 0.35, 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
In the year-to-date period, INDAX achieves a 4.49% return, which is significantly lower than SPHD's 5.80% return. Over the past 10 years, INDAX has outperformed SPHD with an annualized return of 10.33%, while SPHD has yielded a comparatively lower 8.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.24%, which matches SPHD's 4.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDAX ALPS/Kotak India ESG Fund | 4.24% | 4.43% | 1.64% | 5.48% | 0.00% | 1.30% | 6.55% | 2.79% | 1.32% | 15.14% | 4.35% | 0.14% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.27% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
INDAX vs. SPHD - Drawdown Comparison
The maximum INDAX drawdown since its inception was -43.98%, 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
The current volatility for ALPS/Kotak India ESG Fund (INDAX) is 3.08%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.79%. This indicates that INDAX experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.