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.
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.
Performance
MADVX vs. SPHD - Performance Comparison
Key characteristics
MADVX:
1.22
SPHD:
1.79
MADVX:
1.73
SPHD:
2.56
MADVX:
1.22
SPHD:
1.32
MADVX:
1.64
SPHD:
2.02
MADVX:
6.56
SPHD:
10.16
MADVX:
1.84%
SPHD:
1.97%
MADVX:
9.92%
SPHD:
11.19%
MADVX:
-50.66%
SPHD:
-41.39%
MADVX:
-6.23%
SPHD:
-6.38%
Returns By Period
In the year-to-date period, MADVX achieves a 9.78% return, which is significantly lower than SPHD's 18.08% return. Over the past 10 years, MADVX has underperformed SPHD with an annualized return of 4.25%, while SPHD has yielded a comparatively higher 8.08% annualized return.
MADVX
9.78%
-3.88%
2.56%
11.11%
8.28%
4.25%
SPHD
18.08%
-4.76%
10.47%
18.61%
6.33%
8.08%
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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.
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 11.20%, more than SPHD's 3.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 11.20% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 2.33% | 1.77% | 1.95% | 2.30% | 1.96% | 1.86% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.11% | 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 -50.66%, 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
The current volatility for BlackRock Equity Dividend Fund (MADVX) is 3.36%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.85%. This indicates that MADVX experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.