SPGP vs. FTEC
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and Fidelity MSCI Information Technology Index ETF (FTEC).
SPGP and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both SPGP and FTEC 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: SPGP or FTEC.
Key characteristics
| SPGP | FTEC | |
|---|---|---|
| YTD Return | 2.59% | 2.86% |
| 1Y Return | 19.45% | 33.13% |
| 3Y Return (Ann) | 6.55% | 10.89% |
| 5Y Return (Ann) | 13.94% | 19.60% |
| 10Y Return (Ann) | 14.27% | 19.61% |
| Sharpe Ratio | 1.45 | 1.76 |
| Daily Std Dev | 13.57% | 18.28% |
| Max Drawdown | -42.08% | -34.95% |
| Current Drawdown | -6.10% | -6.22% |
Correlation
The correlation between SPGP and FTEC is 0.81, 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
SPGP vs. FTEC - Performance Comparison
In the year-to-date period, SPGP achieves a 2.59% return, which is significantly lower than FTEC's 2.86% return. Over the past 10 years, SPGP has underperformed FTEC with an annualized return of 14.27%, while FTEC has yielded a comparatively higher 19.61% 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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SPGP vs. FTEC - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
SPGP vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) and Fidelity MSCI Information Technology Index ETF (FTEC). 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
SPGP vs. FTEC - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 1.34%, more than FTEC's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 1.34% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.75% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
SPGP vs. FTEC - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for SPGP and FTEC. For additional features, visit the drawdowns tool.
Volatility
SPGP vs. FTEC - Volatility Comparison
The current volatility for Invesco S&P 500 GARP ETF (SPGP) is 4.40%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.75%. This indicates that SPGP experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.