SMEAX vs. CSPX.L
Compare and contrast key facts about Invesco Small Cap Equity Fund Class A (SMEAX) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).
SMEAX is managed by Invesco. It was launched on Aug 31, 2000. CSPX.L is a passively managed fund by Blackrock Financial Management that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMEAX or CSPX.L.
Key characteristics
| SMEAX | CSPX.L | |
|---|---|---|
| YTD Return | 7.27% | 11.72% |
| 1Y Return | 20.22% | 30.67% |
| 3Y Return (Ann) | 0.83% | 10.06% |
| 5Y Return (Ann) | 10.63% | 14.64% |
| 10Y Return (Ann) | 6.83% | 12.64% |
| Sharpe Ratio | 1.36 | 2.55 |
| Daily Std Dev | 16.32% | 11.40% |
| Max Drawdown | -55.99% | -33.90% |
| Current Drawdown | -6.11% | 0.00% |
Correlation
The correlation between SMEAX and CSPX.L is 0.46, 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
SMEAX vs. CSPX.L - Performance Comparison
In the year-to-date period, SMEAX achieves a 7.27% return, which is significantly lower than CSPX.L's 11.72% return. Over the past 10 years, SMEAX has underperformed CSPX.L with an annualized return of 6.83%, while CSPX.L has yielded a comparatively higher 12.64% 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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SMEAX vs. CSPX.L - Expense Ratio Comparison
SMEAX has a 1.22% expense ratio, which is higher than CSPX.L's 0.07% expense ratio.
Risk-Adjusted Performance
SMEAX vs. CSPX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Equity Fund Class A (SMEAX) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L). 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
SMEAX vs. CSPX.L - Dividend Comparison
SMEAX's dividend yield for the trailing twelve months is around 0.37%, while CSPX.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMEAX Invesco Small Cap Equity Fund Class A | 0.37% | 0.40% | 2.95% | 19.02% | 6.03% | 11.18% | 18.53% | 5.38% | 5.38% | 0.00% | 14.05% | 6.16% |
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMEAX vs. CSPX.L - Drawdown Comparison
The maximum SMEAX drawdown since its inception was -55.99%, which is greater than CSPX.L's maximum drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for SMEAX and CSPX.L. For additional features, visit the drawdowns tool.
Volatility
SMEAX vs. CSPX.L - Volatility Comparison
Invesco Small Cap Equity Fund Class A (SMEAX) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) have volatilities of 3.90% and 4.04%, 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.