PHDG vs. VOO
Compare and contrast key facts about Invesco S&P 500® Downside Hedged ETF (PHDG) and Vanguard S&P 500 ETF (VOO).
PHDG and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHDG or VOO.
Correlation
The correlation between PHDG and VOO is 0.67, 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. VOO - Performance Comparison
Key characteristics
PHDG:
1.27
VOO:
2.04
PHDG:
1.92
VOO:
2.72
PHDG:
1.25
VOO:
1.38
PHDG:
1.40
VOO:
3.02
PHDG:
6.01
VOO:
13.60
PHDG:
2.28%
VOO:
1.88%
PHDG:
10.77%
VOO:
12.52%
PHDG:
-17.70%
VOO:
-33.99%
PHDG:
-3.11%
VOO:
-3.52%
Returns By Period
In the year-to-date period, PHDG achieves a 12.71% return, which is significantly lower than VOO's 24.65% return. Over the past 10 years, PHDG has underperformed VOO with an annualized return of 4.79%, while VOO has yielded a comparatively higher 13.02% annualized return.
PHDG
12.71%
0.66%
1.82%
13.07%
7.68%
4.79%
VOO
24.65%
-0.29%
7.63%
24.77%
14.57%
13.02%
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PHDG vs. VOO - Expense Ratio Comparison
PHDG has a 0.40% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PHDG vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Downside Hedged ETF (PHDG) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PHDG's dividend yield for the trailing twelve months is around 1.46%, more than VOO's 1.26% 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% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PHDG vs. VOO - Drawdown Comparison
The maximum PHDG drawdown since its inception was -17.70%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PHDG and VOO. For additional features, visit the drawdowns tool.
Volatility
PHDG vs. VOO - Volatility Comparison
Invesco S&P 500® Downside Hedged ETF (PHDG) and Vanguard S&P 500 ETF (VOO) have volatilities of 3.74% and 3.58%, 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.