PHDG vs. SPTM
Compare and contrast key facts about Invesco S&P 500® Downside Hedged ETF (PHDG) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM).
PHDG and SPTM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHDG is an actively managed fund by Invesco. It was launched on Dec 6, 2012. SPTM is a passively managed fund by State Street that tracks the performance of the S&P Composite 1500 Index. It was launched on Oct 4, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHDG or SPTM.
Correlation
The correlation between PHDG and SPTM 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
PHDG vs. SPTM - Performance Comparison
Key characteristics
PHDG:
1.27
SPTM:
1.95
PHDG:
1.92
SPTM:
2.62
PHDG:
1.25
SPTM:
1.36
PHDG:
1.40
SPTM:
2.93
PHDG:
6.01
SPTM:
12.82
PHDG:
2.28%
SPTM:
1.91%
PHDG:
10.77%
SPTM:
12.55%
PHDG:
-17.70%
SPTM:
-54.80%
PHDG:
-3.11%
SPTM:
-3.77%
Returns By Period
In the year-to-date period, PHDG achieves a 12.71% return, which is significantly lower than SPTM's 23.57% return. Over the past 10 years, PHDG has underperformed SPTM with an annualized return of 4.79%, while SPTM has yielded a comparatively higher 12.72% annualized return.
PHDG
12.71%
0.66%
1.82%
13.07%
7.68%
4.79%
SPTM
23.57%
-0.50%
7.71%
23.78%
14.21%
12.72%
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PHDG vs. SPTM - Expense Ratio Comparison
PHDG has a 0.40% expense ratio, which is higher than SPTM's 0.03% expense ratio.
Risk-Adjusted Performance
PHDG vs. SPTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Downside Hedged ETF (PHDG) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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
PHDG vs. SPTM - Dividend Comparison
PHDG's dividend yield for the trailing twelve months is around 1.46%, more than SPTM's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHDG Invesco S&P 500® Downside Hedged ETF | 1.46% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.65% | 5.45% | 1.76% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.93% | 1.44% | 1.69% | 1.25% | 1.56% | 1.71% | 1.90% | 1.66% | 1.91% | 1.92% | 2.08% | 1.63% |
Drawdowns
PHDG vs. SPTM - Drawdown Comparison
The maximum PHDG drawdown since its inception was -17.70%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for PHDG and SPTM. For additional features, visit the drawdowns tool.
Volatility
PHDG vs. SPTM - Volatility Comparison
Invesco S&P 500® Downside Hedged ETF (PHDG) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) have volatilities of 3.74% and 3.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.