LAND vs. PHDG
LAND (Gladstone Land Corporation) is a stock, while PHDG (Invesco S&P 500 Downside Hedged ETF) is Equity Hedged fund tracking the S&P 500 Dynamic VEQTOR Index. Over the past 10 years, LAND returned 1.32%/yr vs 7.14%/yr for PHDG. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
LAND vs. PHDG - Performance Comparison
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Returns By Period
In the year-to-date period, LAND achieves a -3.62% return, which is significantly lower than PHDG's 9.47% return. Over the past 10 years, LAND has underperformed PHDG with an annualized return of 1.32%, while PHDG has yielded a comparatively higher 7.14% annualized return.
LAND
- 1D
- 0.02%
- 1M
- 0.84%
- 6M
- -8.77%
- YTD
- -3.62%
- 1Y
- -7.01%
- 3Y*
- -16.85%
- 5Y*
- -15.15%
- 10Y*
- 1.32%
- ALL TIME*
- 0.18%
PHDG
- 1D
- -0.16%
- 1M
- 0.44%
- 6M
- 8.74%
- YTD
- 9.47%
- 1Y
- 14.71%
- 3Y*
- 8.21%
- 5Y*
- 4.01%
- 10Y*
- 7.14%
- ALL TIME*
- 5.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.89M | $5.73M | $5.80M | |
| $1.28M | $774.65K | $908.35K |
LAND vs. PHDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LAND Gladstone Land Corporation | -3.62% | -10.69% | -21.63% | -18.49% | -44.42% | 136.25% | 17.35% | 18.07% | -10.82% | 24.66% |
PHDG Invesco S&P 500 Downside Hedged ETF | 9.47% | 2.72% | 10.95% | 8.18% | -14.09% | 15.67% | 18.97% | 8.57% | -2.44% | 15.89% |
Correlation
The correlation between LAND and PHDG is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013 | 0.19 |
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Return for Risk
LAND vs. PHDG — Risk / Return Rank
LAND
PHDG
LAND vs. PHDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gladstone Land Corporation (LAND) and Invesco S&P 500 Downside Hedged ETF (PHDG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LAND | PHDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.27 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.38 | -2.90 |
| Martin ratioReturn relative to average drawdown | -1.07 | 7.41 | -8.48 |
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Drawdowns
LAND vs. PHDG - Drawdown Comparison
The maximum LAND drawdown since its inception was -76.45%, which is greater than PHDG's maximum drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for LAND and PHDG.
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Drawdown Indicators
| LAND | PHDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.45% | -17.70% | -58.75% |
Max Drawdown (1Y)Largest decline over 1 year | -30.74% | -6.36% | -24.38% |
Max Drawdown (3Y)Largest decline over 3 years | -43.87% | -14.78% | -29.09% |
Max Drawdown (5Y)Largest decline over 5 years | -76.45% | -17.06% | -59.39% |
Max Drawdown (10Y)Largest decline over 10 years | -76.45% | -17.06% | -59.39% |
Current DrawdownCurrent decline from peak | -75.36% | -5.95% | -69.41% |
Average DrawdownAverage peak-to-trough decline | -31.08% | -6.23% | -24.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.36% | 2.04% | +15.32% |
Volatility
LAND vs. PHDG - Volatility Comparison
Gladstone Land Corporation (LAND) has a higher volatility of 5.65% compared to Invesco S&P 500 Downside Hedged ETF (PHDG) at 2.14%. This indicates that LAND's price experiences larger fluctuations and is considered to be riskier than PHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LAND | PHDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 2.14% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.32% | 9.37% | +12.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.03% | 11.41% | +17.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.31% | 11.37% | +19.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.96% | 12.10% | +17.86% |
Dividends
LAND vs. PHDG - Dividend Comparison
LAND's dividend yield for the trailing twelve months is around 6.57%, more than PHDG's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAND Gladstone Land Corporation | 6.57% | 6.12% | 5.16% | 3.83% | 2.98% | 1.60% | 3.67% | 4.12% | 4.63% | 3.90% | 4.40% | 5.38% |
PHDG Invesco S&P 500 Downside Hedged ETF | 1.70% | 2.10% | 1.94% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.64% |
Frequently Asked Questions
LAND and PHDG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAND has higher volatility (5.65%) compared to PHDG (2.14%). In terms of maximum drawdown, LAND dropped -76.45% vs PHDG's -17.70%.
PHDG currently has the higher Sharpe Ratio (1.33 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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