SPGP vs. TDIV
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).
SPGP and TDIV 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. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012. Both SPGP and TDIV 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 TDIV.
Performance
SPGP vs. TDIV - Performance Comparison
Returns By Period
In the year-to-date period, SPGP achieves a 12.12% return, which is significantly lower than TDIV's 23.15% return. Both investments have delivered pretty close results over the past 10 years, with SPGP having a 14.00% annualized return and TDIV not far behind at 13.47%.
SPGP
12.12%
1.90%
4.71%
19.93%
13.56%
14.00%
TDIV
23.15%
-3.15%
9.23%
32.10%
15.57%
13.47%
Key characteristics
| SPGP | TDIV | |
|---|---|---|
| Sharpe Ratio | 1.28 | 1.83 |
| Sortino Ratio | 1.83 | 2.51 |
| Omega Ratio | 1.23 | 1.31 |
| Calmar Ratio | 1.98 | 2.78 |
| Martin Ratio | 5.97 | 10.33 |
| Ulcer Index | 3.17% | 3.07% |
| Daily Std Dev | 14.78% | 17.39% |
| Max Drawdown | -42.08% | -31.97% |
| Current Drawdown | -1.95% | -4.92% |
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SPGP vs. TDIV - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is lower than TDIV's 0.50% expense ratio.
Correlation
The correlation between SPGP and TDIV 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.
Risk-Adjusted Performance
SPGP vs. TDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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. TDIV - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 1.33%, less than TDIV's 1.60% 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% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.60% | 1.74% | 2.51% | 1.76% | 2.08% | 2.27% | 2.96% | 2.27% | 2.45% | 2.52% | 2.80% | 2.31% |
Drawdowns
SPGP vs. TDIV - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for SPGP and TDIV. For additional features, visit the drawdowns tool.
Volatility
SPGP vs. TDIV - Volatility Comparison
Invesco S&P 500 GARP ETF (SPGP) and First Trust NASDAQ Technology Dividend Index Fund (TDIV) have volatilities of 5.14% and 5.04%, 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.