RLY vs. SPHD
Compare and contrast key facts about SPDR SSgA Multi-Asset Real Return ETF (RLY) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
RLY and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RLY is an actively managed fund by State Street. It was launched on Apr 25, 2012. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RLY or SPHD.
Key characteristics
| RLY | SPHD | |
|---|---|---|
| YTD Return | 4.92% | 21.84% |
| 1Y Return | 7.99% | 32.19% |
| 3Y Return (Ann) | 4.84% | 8.94% |
| 5Y Return (Ann) | 7.92% | 7.46% |
| 10Y Return (Ann) | 3.76% | 8.83% |
| Sharpe Ratio | 0.98 | 3.13 |
| Sortino Ratio | 1.40 | 4.52 |
| Omega Ratio | 1.17 | 1.59 |
| Calmar Ratio | 0.88 | 2.45 |
| Martin Ratio | 4.01 | 22.33 |
| Ulcer Index | 2.54% | 1.61% |
| Daily Std Dev | 10.44% | 11.49% |
| Max Drawdown | -37.74% | -41.39% |
| Current Drawdown | -3.70% | -1.58% |
Correlation
The correlation between RLY and SPHD 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
RLY vs. SPHD - Performance Comparison
In the year-to-date period, RLY achieves a 4.92% return, which is significantly lower than SPHD's 21.84% return. Over the past 10 years, RLY has underperformed SPHD with an annualized return of 3.76%, while SPHD has yielded a comparatively higher 8.83% 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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RLY vs. SPHD - Expense Ratio Comparison
RLY has a 0.50% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
RLY vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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
RLY vs. SPHD - Dividend Comparison
RLY's dividend yield for the trailing twelve months is around 3.57%, more than SPHD's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 3.57% | 3.70% | 5.66% | 12.15% | 2.16% | 3.46% | 2.76% | 1.85% | 2.07% | 1.80% | 1.89% | 2.15% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.40% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
RLY vs. SPHD - Drawdown Comparison
The maximum RLY drawdown since its inception was -37.74%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for RLY and SPHD. For additional features, visit the drawdowns tool.
Volatility
RLY vs. SPHD - Volatility Comparison
The current volatility for SPDR SSgA Multi-Asset Real Return ETF (RLY) is 2.52%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.75%. This indicates that RLY experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.