SPGP vs. SYLD
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and Cambria Shareholder Yield ETF (SYLD).
SPGP and SYLD 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. SYLD is an actively managed fund by Cambria. It was launched on May 14, 2013.
Performance
SPGP vs. SYLD - Performance Comparison
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SPGP vs. SYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | -5.19% | 9.80% | 8.48% | 20.29% | -13.83% | 35.72% | 15.92% | 39.16% | 1.68% | 36.24% |
SYLD Cambria Shareholder Yield ETF | 9.10% | 3.94% | 3.37% | 16.46% | -6.14% | 48.59% | 13.61% | 26.98% | -13.51% | 20.03% |
Returns By Period
In the year-to-date period, SPGP achieves a -5.19% return, which is significantly lower than SYLD's 9.10% return. Over the past 10 years, SPGP has outperformed SYLD with an annualized return of 13.70%, while SYLD has yielded a comparatively lower 12.45% annualized return.
SPGP
- 1D
- 3.24%
- 1M
- -6.43%
- YTD
- -5.19%
- 6M
- -4.81%
- 1Y
- 8.81%
- 3Y*
- 9.45%
- 5Y*
- 6.73%
- 10Y*
- 13.70%
SYLD
- 1D
- 1.44%
- 1M
- -0.36%
- YTD
- 9.10%
- 6M
- 10.78%
- 1Y
- 20.74%
- 3Y*
- 10.94%
- 5Y*
- 6.86%
- 10Y*
- 12.45%
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SPGP vs. SYLD - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is lower than SYLD's 0.59% expense ratio.
Return for Risk
SPGP vs. SYLD — Risk / Return Rank
SPGP
SYLD
SPGP vs. SYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) and Cambria Shareholder Yield ETF (SYLD). 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.
| SPGP | SYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | 0.97 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.74 | 1.51 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.20 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.42 | -0.77 |
Martin ratioReturn relative to average drawdown | 2.64 | 5.52 | -2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPGP | SYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.97 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.33 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.54 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.56 | +0.14 |
Correlation
The correlation between SPGP and SYLD is 0.80, 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.
Dividends
SPGP vs. SYLD - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 0.98%, less than SYLD's 1.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 0.98% | 1.04% | 1.38% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% |
SYLD Cambria Shareholder Yield ETF | 1.94% | 2.25% | 2.04% | 1.92% | 2.20% | 2.37% | 1.99% | 2.08% | 2.52% | 1.57% | 1.92% | 6.93% |
Drawdowns
SPGP vs. SYLD - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, smaller than the maximum SYLD drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for SPGP and SYLD.
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Drawdown Indicators
| SPGP | SYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -45.36% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -15.00% | -14.90% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -26.62% | +3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -45.36% | +3.28% |
Current DrawdownCurrent decline from peak | -8.27% | -3.17% | -5.10% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -5.72% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 3.83% | -0.15% |
Volatility
SPGP vs. SYLD - Volatility Comparison
Invesco S&P 500 GARP ETF (SPGP) has a higher volatility of 6.32% compared to Cambria Shareholder Yield ETF (SYLD) at 4.04%. This indicates that SPGP's price experiences larger fluctuations and is considered to be riskier than SYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGP | SYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 4.04% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 11.47% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 21.53% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 20.91% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.17% | 22.97% | -1.80% |