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.
Key characteristics
MADVX | SPHD | |
---|---|---|
YTD Return | 11.65% | 20.89% |
1Y Return | 18.81% | 26.25% |
3Y Return (Ann) | 8.09% | 9.23% |
5Y Return (Ann) | 10.12% | 7.66% |
10Y Return (Ann) | 7.93% | 9.23% |
Sharpe Ratio | 1.91 | 2.25 |
Daily Std Dev | 10.42% | 12.64% |
Max Drawdown | -50.00% | -41.39% |
Current Drawdown | -1.97% | 0.00% |
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
In the year-to-date period, MADVX achieves a 11.65% return, which is significantly lower than SPHD's 20.89% return. Over the past 10 years, MADVX has underperformed SPHD with an annualized return of 7.93%, while SPHD has yielded a comparatively higher 9.23% 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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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 8.88%, more than SPHD's 3.59% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
BlackRock Equity Dividend Fund | 8.88% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.77% | 7.98% | 2.30% | 6.35% | 1.95% |
Invesco S&P 500® High Dividend Low Volatility ETF | 3.59% | 4.48% | 3.89% | 3.45% | 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 2.85% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.06%. 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.