SMIG vs. XLG
Compare and contrast key facts about Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Invesco S&P 500® Top 50 ETF (XLG).
SMIG and XLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMIG or XLG.
Key characteristics
| SMIG | XLG | |
|---|---|---|
| YTD Return | 15.89% | 23.06% |
| 1Y Return | 25.74% | 31.88% |
| 3Y Return (Ann) | 7.80% | 10.99% |
| Sharpe Ratio | 1.79 | 2.12 |
| Daily Std Dev | 14.18% | 14.93% |
| Max Drawdown | -19.65% | -53.81% |
| Current Drawdown | -0.55% | -3.65% |
Correlation
The correlation between SMIG and XLG is 0.68, 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
SMIG vs. XLG - Performance Comparison
In the year-to-date period, SMIG achieves a 15.89% return, which is significantly lower than XLG's 23.06% 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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SMIG vs. XLG - Expense Ratio Comparison
SMIG has a 0.60% expense ratio, which is higher than XLG's 0.20% expense ratio.
Risk-Adjusted Performance
SMIG vs. XLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Invesco S&P 500® Top 50 ETF (XLG). 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
SMIG vs. XLG - Dividend Comparison
SMIG's dividend yield for the trailing twelve months is around 1.80%, more than XLG's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.80% | 1.91% | 2.00% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLG Invesco S&P 500® Top 50 ETF | 0.59% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
Drawdowns
SMIG vs. XLG - Drawdown Comparison
The maximum SMIG drawdown since its inception was -19.65%, smaller than the maximum XLG drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for SMIG and XLG. For additional features, visit the drawdowns tool.
Volatility
SMIG vs. XLG - Volatility Comparison
The current volatility for Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) is 3.67%, while Invesco S&P 500® Top 50 ETF (XLG) has a volatility of 4.68%. This indicates that SMIG experiences smaller price fluctuations and is considered to be less risky than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.