SPIDX vs. SPY
Compare and contrast key facts about Invesco S&P 500 Index Fund (SPIDX) and SPDR S&P 500 ETF (SPY).
SPIDX is managed by Invesco. It was launched on Sep 26, 1997. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIDX or SPY.
Correlation
The correlation between SPIDX and SPY is 0.98, 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
SPIDX vs. SPY - Performance Comparison
Key characteristics
SPIDX:
0.60
SPY:
0.60
SPIDX:
0.95
SPY:
0.98
SPIDX:
1.14
SPY:
1.15
SPIDX:
0.61
SPY:
0.64
SPIDX:
2.40
SPY:
2.53
SPIDX:
4.81%
SPY:
4.77%
SPIDX:
19.36%
SPY:
20.03%
SPIDX:
-55.30%
SPY:
-55.19%
SPIDX:
-8.59%
SPY:
-8.56%
Returns By Period
The year-to-date returns for both investments are quite close, with SPIDX having a -4.39% return and SPY slightly higher at -4.37%. Over the past 10 years, SPIDX has underperformed SPY with an annualized return of 11.56%, while SPY has yielded a comparatively higher 12.15% annualized return.
SPIDX
-4.39%
10.55%
-2.85%
9.03%
15.36%
11.56%
SPY
-4.37%
10.59%
-2.49%
9.55%
15.94%
12.15%
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SPIDX vs. SPY - Expense Ratio Comparison
SPIDX has a 0.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SPIDX vs. SPY — Risk-Adjusted Performance Rank
SPIDX
SPY
SPIDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index Fund (SPIDX) 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
SPIDX vs. SPY - Dividend Comparison
SPIDX's dividend yield for the trailing twelve months is around 1.02%, less than SPY's 1.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | 1.02% | 0.97% | 1.23% | 1.13% | 0.98% | 1.28% | 1.50% | 1.81% | 1.49% | 1.49% | 1.74% | 1.38% |
SPY SPDR S&P 500 ETF | 1.28% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPIDX vs. SPY - Drawdown Comparison
The maximum SPIDX drawdown since its inception was -55.30%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPIDX and SPY. For additional features, visit the drawdowns tool.
Volatility
SPIDX vs. SPY - Volatility Comparison
The current volatility for Invesco S&P 500 Index Fund (SPIDX) is 11.42%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.57%. This indicates that SPIDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.