RDIV vs. MGV
Compare and contrast key facts about Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Vanguard Mega Cap Value ETF (MGV).
RDIV and MGV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RDIV is a passively managed fund by Invesco that tracks the performance of the S&P 900 Dividend Revenue-Weighted Index. It was launched on Oct 1, 2013. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both RDIV and MGV 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: RDIV or MGV.
Key characteristics
| RDIV | MGV | |
|---|---|---|
| YTD Return | 16.76% | 17.56% |
| 1Y Return | 35.37% | 27.16% |
| 3Y Return (Ann) | 11.07% | 9.20% |
| 5Y Return (Ann) | 9.51% | 11.33% |
| 10Y Return (Ann) | 9.69% | 10.54% |
| Sharpe Ratio | 2.45 | 2.89 |
| Sortino Ratio | 3.57 | 4.02 |
| Omega Ratio | 1.44 | 1.53 |
| Calmar Ratio | 1.89 | 4.56 |
| Martin Ratio | 18.03 | 18.46 |
| Ulcer Index | 2.21% | 1.51% |
| Daily Std Dev | 15.97% | 9.65% |
| Max Drawdown | -49.97% | -56.31% |
| Current Drawdown | -2.73% | -3.44% |
Correlation
The correlation between RDIV and MGV is 0.80, 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
RDIV vs. MGV - Performance Comparison
The year-to-date returns for both investments are quite close, with RDIV having a 16.76% return and MGV slightly higher at 17.56%. Over the past 10 years, RDIV has underperformed MGV with an annualized return of 9.69%, while MGV has yielded a comparatively higher 10.54% 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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RDIV vs. MGV - Expense Ratio Comparison
RDIV has a 0.39% expense ratio, which is higher than MGV's 0.07% expense ratio.
Risk-Adjusted Performance
RDIV vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Vanguard Mega Cap Value ETF (MGV). 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
RDIV vs. MGV - Dividend Comparison
RDIV's dividend yield for the trailing twelve months is around 3.75%, more than MGV's 2.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDIV Invesco S&P Ultra Dividend Revenue ETF | 3.75% | 3.93% | 3.44% | 3.31% | 4.93% | 3.85% | 4.32% | 4.26% | 3.12% | 4.49% | 3.36% | 0.92% |
MGV Vanguard Mega Cap Value ETF | 2.32% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% | 2.29% |
Drawdowns
RDIV vs. MGV - Drawdown Comparison
The maximum RDIV drawdown since its inception was -49.97%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for RDIV and MGV. For additional features, visit the drawdowns tool.
Volatility
RDIV vs. MGV - Volatility Comparison
Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 3.75% compared to Vanguard Mega Cap Value ETF (MGV) at 2.55%. This indicates that RDIV's price experiences larger fluctuations and is considered to be riskier than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.