Correlation
The correlation between MGRO and SPHQ is 0.81, 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.
MGRO vs. SPHQ
Compare and contrast key facts about VanEck Morningstar Wide Moat Growth ETF (MGRO) and Invesco S&P 500® Quality ETF (SPHQ).
MGRO and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGRO is a passively managed fund by VanEck that tracks the performance of the Morningstar US Broad Growth Wide Moat Focus Index - Benchmark TR Gross. It was launched on Mar 26, 2024. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005. Both MGRO and SPHQ 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: MGRO or SPHQ.
Performance
MGRO vs. SPHQ - Performance Comparison
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Key characteristics
MGRO:
0.41
SPHQ:
0.94
MGRO:
0.48
SPHQ:
1.29
MGRO:
1.07
SPHQ:
1.18
MGRO:
0.21
SPHQ:
0.89
MGRO:
0.69
SPHQ:
3.66
MGRO:
7.06%
SPHQ:
4.03%
MGRO:
21.04%
SPHQ:
17.62%
MGRO:
-23.81%
SPHQ:
-57.83%
MGRO:
-8.16%
SPHQ:
-0.99%
Returns By Period
In the year-to-date period, MGRO achieves a -2.51% return, which is significantly lower than SPHQ's 5.20% return.
MGRO
-2.51%
5.44%
-5.55%
7.85%
N/A
N/A
N/A
SPHQ
5.20%
6.13%
2.38%
15.71%
16.02%
16.47%
13.46%
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MGRO vs. SPHQ - Expense Ratio Comparison
MGRO has a 0.49% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
MGRO vs. SPHQ — Risk-Adjusted Performance Rank
MGRO
SPHQ
MGRO vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Growth ETF (MGRO) and Invesco S&P 500® Quality ETF (SPHQ). 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.
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Dividends
MGRO vs. SPHQ - Dividend Comparison
MGRO's dividend yield for the trailing twelve months is around 0.35%, less than SPHQ's 1.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGRO VanEck Morningstar Wide Moat Growth ETF | 0.35% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500® Quality ETF | 1.09% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
Drawdowns
MGRO vs. SPHQ - Drawdown Comparison
The maximum MGRO drawdown since its inception was -23.81%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for MGRO and SPHQ.
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Volatility
MGRO vs. SPHQ - Volatility Comparison
VanEck Morningstar Wide Moat Growth ETF (MGRO) has a higher volatility of 5.89% compared to Invesco S&P 500® Quality ETF (SPHQ) at 4.32%. This indicates that MGRO's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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