Correlation
The correlation between INDAX and SPHD is 0.43, 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.
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.
Performance
INDAX vs. SPHD - Performance Comparison
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Key characteristics
INDAX:
0.36
SPHD:
0.86
INDAX:
0.50
SPHD:
1.07
INDAX:
1.07
SPHD:
1.15
INDAX:
0.26
SPHD:
0.81
INDAX:
0.55
SPHD:
2.55
INDAX:
8.82%
SPHD:
4.20%
INDAX:
16.97%
SPHD:
14.75%
INDAX:
-43.98%
SPHD:
-41.39%
INDAX:
-6.82%
SPHD:
-6.75%
Returns By Period
In the year-to-date period, INDAX achieves a 2.24% return, which is significantly higher than SPHD's -0.39% return. Both investments have delivered pretty close results over the past 10 years, with INDAX having a 8.11% annualized return and SPHD not far behind at 8.04%.
INDAX
2.24%
2.49%
-1.04%
6.14%
10.19%
17.27%
8.11%
SPHD
-0.39%
0.09%
-6.61%
12.61%
3.63%
11.76%
8.04%
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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.
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Dividends
INDAX vs. SPHD - Dividend Comparison
INDAX's dividend yield for the trailing twelve months is around 15.79%, more than SPHD's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDAX ALPS/Kotak India ESG Fund | 15.79% | 16.14% | 4.43% | 1.64% | 5.48% | 0.00% | 1.30% | 6.55% | 2.79% | 1.32% | 15.14% | 4.35% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.45% | 3.41% | 4.48% | 3.89% | 3.45% | 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 -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.
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Volatility
INDAX vs. SPHD - Volatility Comparison
ALPS/Kotak India ESG Fund (INDAX) has a higher volatility of 5.67% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.31%. 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.
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