SPHB vs. IVV
Compare and contrast key facts about Invesco S&P 500® High Beta ETF (SPHB) and iShares Core S&P 500 ETF (IVV).
SPHB and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPHB is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Beta Index. It was launched on May 5, 2011. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both SPHB and IVV 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: SPHB or IVV.
Key characteristics
| SPHB | IVV | |
|---|---|---|
| YTD Return | 12.96% | 27.23% |
| 1Y Return | 36.93% | 37.83% |
| 3Y Return (Ann) | 5.21% | 10.34% |
| 5Y Return (Ann) | 17.79% | 16.03% |
| 10Y Return (Ann) | 11.98% | 13.44% |
| Sharpe Ratio | 1.89 | 3.26 |
| Sortino Ratio | 2.52 | 4.32 |
| Omega Ratio | 1.33 | 1.61 |
| Calmar Ratio | 2.35 | 4.75 |
| Martin Ratio | 9.08 | 21.54 |
| Ulcer Index | 4.37% | 1.86% |
| Daily Std Dev | 20.95% | 12.22% |
| Max Drawdown | -46.84% | -55.25% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPHB and IVV is 0.87, 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
SPHB vs. IVV - Performance Comparison
In the year-to-date period, SPHB achieves a 12.96% return, which is significantly lower than IVV's 27.23% return. Over the past 10 years, SPHB has underperformed IVV with an annualized return of 11.98%, while IVV has yielded a comparatively higher 13.44% 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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SPHB vs. IVV - Expense Ratio Comparison
SPHB has a 0.25% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPHB vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Beta ETF (SPHB) and iShares Core S&P 500 ETF (IVV). 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
SPHB vs. IVV - Dividend Comparison
SPHB's dividend yield for the trailing twelve months is around 0.83%, less than IVV's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHB Invesco S&P 500® High Beta ETF | 0.83% | 0.73% | 0.72% | 0.91% | 1.90% | 1.26% | 1.96% | 1.34% | 0.93% | 1.69% | 0.98% | 0.69% |
IVV iShares Core S&P 500 ETF | 1.24% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
SPHB vs. IVV - Drawdown Comparison
The maximum SPHB drawdown since its inception was -46.84%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for SPHB and IVV. For additional features, visit the drawdowns tool.
Volatility
SPHB vs. IVV - Volatility Comparison
Invesco S&P 500® High Beta ETF (SPHB) has a higher volatility of 5.79% compared to iShares Core S&P 500 ETF (IVV) at 3.93%. This indicates that SPHB's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.