SPVU vs. PVAL
Compare and contrast key facts about Invesco S&P 500® Enhanced Value ETF (SPVU) and Putnam Focused Large Cap Value ETF (PVAL).
SPVU and PVAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVU is a passively managed fund by Invesco that tracks the performance of the S&P 500 Enhanced Value Index. It was launched on Oct 9, 2015. PVAL is a passively managed fund by Power Corporation of Canada that tracks the performance of the Russell 1000 Value. It was launched on May 25, 2021. Both SPVU and PVAL 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: SPVU or PVAL.
Key characteristics
| SPVU | PVAL | |
|---|---|---|
| YTD Return | 21.59% | 26.36% |
| 1Y Return | 37.17% | 37.22% |
| 3Y Return (Ann) | 8.99% | 13.79% |
| Sharpe Ratio | 2.73 | 3.42 |
| Sortino Ratio | 4.00 | 4.69 |
| Omega Ratio | 1.50 | 1.62 |
| Calmar Ratio | 3.19 | 5.59 |
| Martin Ratio | 14.95 | 23.99 |
| Ulcer Index | 2.59% | 1.63% |
| Daily Std Dev | 14.16% | 11.38% |
| Max Drawdown | -48.05% | -16.64% |
| Current Drawdown | -0.13% | 0.00% |
Correlation
The correlation between SPVU and PVAL is 0.89, 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
SPVU vs. PVAL - Performance Comparison
In the year-to-date period, SPVU achieves a 21.59% return, which is significantly lower than PVAL's 26.36% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPVU vs. PVAL - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than PVAL's 0.55% expense ratio.
Risk-Adjusted Performance
SPVU vs. PVAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Enhanced Value ETF (SPVU) and Putnam Focused Large Cap Value ETF (PVAL). 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
SPVU vs. PVAL - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.55%, more than PVAL's 1.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500® Enhanced Value ETF | 2.55% | 3.04% | 2.49% | 2.30% | 2.70% | 2.23% | 2.47% | 2.37% | 1.11% | 0.54% |
PVAL Putnam Focused Large Cap Value ETF | 1.41% | 1.33% | 0.59% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPVU vs. PVAL - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, which is greater than PVAL's maximum drawdown of -16.64%. Use the drawdown chart below to compare losses from any high point for SPVU and PVAL. For additional features, visit the drawdowns tool.
Volatility
SPVU vs. PVAL - Volatility Comparison
Invesco S&P 500® Enhanced Value ETF (SPVU) has a higher volatility of 6.30% compared to Putnam Focused Large Cap Value ETF (PVAL) at 3.89%. This indicates that SPVU's price experiences larger fluctuations and is considered to be riskier than PVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.