LGLV vs. IWY
Compare and contrast key facts about SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) and iShares Russell Top 200 Growth ETF (IWY).
LGLV and IWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both LGLV and IWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LGLV or IWY.
Key characteristics
| LGLV | IWY | |
|---|---|---|
| YTD Return | 21.56% | 33.06% |
| 1Y Return | 31.23% | 45.06% |
| 3Y Return (Ann) | 8.60% | 11.82% |
| 5Y Return (Ann) | 11.67% | 21.49% |
| 10Y Return (Ann) | 11.88% | 17.86% |
| Sharpe Ratio | 3.39 | 2.53 |
| Sortino Ratio | 4.72 | 3.24 |
| Omega Ratio | 1.63 | 1.45 |
| Calmar Ratio | 4.26 | 3.17 |
| Martin Ratio | 21.06 | 12.06 |
| Ulcer Index | 1.45% | 3.64% |
| Daily Std Dev | 8.98% | 17.35% |
| Max Drawdown | -36.64% | -32.68% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between LGLV and IWY is 0.65, 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
LGLV vs. IWY - Performance Comparison
In the year-to-date period, LGLV achieves a 21.56% return, which is significantly lower than IWY's 33.06% return. Over the past 10 years, LGLV has underperformed IWY with an annualized return of 11.88%, while IWY has yielded a comparatively higher 17.86% 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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LGLV vs. IWY - Expense Ratio Comparison
LGLV has a 0.12% expense ratio, which is lower than IWY's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
LGLV vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) and iShares Russell Top 200 Growth ETF (IWY). 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
LGLV vs. IWY - Dividend Comparison
LGLV's dividend yield for the trailing twelve months is around 1.86%, more than IWY's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 1.86% | 2.03% | 1.95% | 1.65% | 1.98% | 1.89% | 2.09% | 4.39% | 2.54% | 2.97% | 7.14% | 2.99% |
IWY iShares Russell Top 200 Growth ETF | 0.49% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
LGLV vs. IWY - Drawdown Comparison
The maximum LGLV drawdown since its inception was -36.64%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for LGLV and IWY. For additional features, visit the drawdowns tool.
Volatility
LGLV vs. IWY - Volatility Comparison
The current volatility for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) is 2.95%, while iShares Russell Top 200 Growth ETF (IWY) has a volatility of 5.26%. This indicates that LGLV experiences smaller price fluctuations and is considered to be less risky than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.