SPGP vs. SPY
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and SPDR S&P 500 ETF (SPY).
SPGP and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPGP and SPY 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 SPY.
Performance
SPGP vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, SPGP achieves a 12.12% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, SPGP has outperformed SPY with an annualized return of 14.00%, while SPY has yielded a comparatively lower 13.04% annualized return.
SPGP
12.12%
1.90%
4.71%
19.93%
13.56%
14.00%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| SPGP | SPY | |
|---|---|---|
| Sharpe Ratio | 1.28 | 2.64 |
| Sortino Ratio | 1.83 | 3.53 |
| Omega Ratio | 1.23 | 1.49 |
| Calmar Ratio | 1.98 | 3.81 |
| Martin Ratio | 5.97 | 17.21 |
| Ulcer Index | 3.17% | 1.86% |
| Daily Std Dev | 14.78% | 12.15% |
| Max Drawdown | -42.08% | -55.19% |
| Current Drawdown | -1.95% | -2.17% |
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SPGP vs. SPY - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between SPGP and SPY is 0.84, 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.
Risk-Adjusted Performance
SPGP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 1.33%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 1.33% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SPGP vs. SPY - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPGP and SPY. For additional features, visit the drawdowns tool.
Volatility
SPGP vs. SPY - Volatility Comparison
Invesco S&P 500 GARP ETF (SPGP) has a higher volatility of 5.14% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that SPGP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.