IVRA vs. SPY
Compare and contrast key facts about Invesco Real Assets ESG ETF (IVRA) and SPDR S&P 500 ETF (SPY).
IVRA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVRA is an actively managed fund by Invesco. It was launched on Dec 22, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVRA or SPY.
Correlation
The correlation between IVRA and SPY is 0.67, 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.
Performance
IVRA vs. SPY - Performance Comparison
Key characteristics
IVRA:
1.01
SPY:
2.21
IVRA:
1.43
SPY:
2.93
IVRA:
1.19
SPY:
1.41
IVRA:
0.86
SPY:
3.26
IVRA:
4.67
SPY:
14.43
IVRA:
3.02%
SPY:
1.90%
IVRA:
13.90%
SPY:
12.41%
IVRA:
-25.99%
SPY:
-55.19%
IVRA:
-7.96%
SPY:
-2.74%
Returns By Period
In the year-to-date period, IVRA achieves a 12.36% return, which is significantly lower than SPY's 25.54% return.
IVRA
12.36%
-5.33%
11.87%
13.15%
N/A
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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IVRA vs. SPY - Expense Ratio Comparison
IVRA has a 0.59% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IVRA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Real Assets ESG ETF (IVRA) and SPDR S&P 500 ETF (SPY). 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
IVRA vs. SPY - Dividend Comparison
IVRA's dividend yield for the trailing twelve months is around 2.11%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRA Invesco Real Assets ESG ETF | 2.11% | 2.50% | 2.33% | 5.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IVRA vs. SPY - Drawdown Comparison
The maximum IVRA drawdown since its inception was -25.99%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IVRA and SPY. For additional features, visit the drawdowns tool.
Volatility
IVRA vs. SPY - Volatility Comparison
Invesco Real Assets ESG ETF (IVRA) has a higher volatility of 5.10% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that IVRA's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.