MADVX vs. SPHD
Compare and contrast key facts about BlackRock Equity Dividend Fund (MADVX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
MADVX is managed by Blackrock. It was launched on Nov 29, 1988. 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: MADVX or SPHD.
Performance
MADVX vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, MADVX achieves a 14.22% return, which is significantly lower than SPHD's 22.49% return. Over the past 10 years, MADVX has underperformed SPHD with an annualized return of 7.92%, while SPHD has yielded a comparatively higher 8.74% annualized return.
MADVX
14.22%
0.19%
5.11%
21.15%
9.80%
7.92%
SPHD
22.49%
-0.18%
13.83%
32.04%
7.70%
8.74%
Key characteristics
| MADVX | SPHD | |
|---|---|---|
| Sharpe Ratio | 2.16 | 2.85 |
| Sortino Ratio | 3.03 | 4.07 |
| Omega Ratio | 1.39 | 1.52 |
| Calmar Ratio | 4.34 | 2.25 |
| Martin Ratio | 13.38 | 19.55 |
| Ulcer Index | 1.58% | 1.63% |
| Daily Std Dev | 9.79% | 11.16% |
| Max Drawdown | -50.00% | -41.39% |
| Current Drawdown | -1.52% | -1.06% |
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MADVX vs. SPHD - Expense Ratio Comparison
MADVX has a 0.68% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Correlation
The correlation between MADVX and SPHD is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MADVX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund (MADVX) 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
MADVX vs. SPHD - Dividend Comparison
MADVX's dividend yield for the trailing twelve months is around 2.35%, less than SPHD's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 2.35% | 2.14% | 1.76% | 1.47% | 1.86% | 1.96% | 2.33% | 1.77% | 1.95% | 2.30% | 1.96% | 1.86% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.34% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
MADVX vs. SPHD - Drawdown Comparison
The maximum MADVX drawdown since its inception was -50.00%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for MADVX and SPHD. For additional features, visit the drawdowns tool.
Volatility
MADVX vs. SPHD - Volatility Comparison
BlackRock Equity Dividend Fund (MADVX) has a higher volatility of 3.27% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.62%. This indicates that MADVX'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.