SPLV vs. DGRW
Compare and contrast key facts about Invesco S&P 500® Low Volatility ETF (SPLV) and WisdomTree U.S. Dividend Growth Fund (DGRW).
SPLV and DGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both SPLV and DGRW 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: SPLV or DGRW.
Key characteristics
| SPLV | DGRW | |
|---|---|---|
| YTD Return | 18.88% | 22.14% |
| 1Y Return | 25.22% | 31.81% |
| 3Y Return (Ann) | 6.73% | 12.19% |
| 5Y Return (Ann) | 7.32% | 14.75% |
| 10Y Return (Ann) | 9.47% | 13.10% |
| Sharpe Ratio | 2.72 | 2.98 |
| Sortino Ratio | 3.80 | 4.13 |
| Omega Ratio | 1.50 | 1.56 |
| Calmar Ratio | 2.32 | 5.05 |
| Martin Ratio | 18.19 | 19.22 |
| Ulcer Index | 1.38% | 1.65% |
| Daily Std Dev | 9.24% | 10.63% |
| Max Drawdown | -36.26% | -32.04% |
| Current Drawdown | -0.30% | -1.00% |
Correlation
The correlation between SPLV and DGRW is 0.79, 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
SPLV vs. DGRW - Performance Comparison
In the year-to-date period, SPLV achieves a 18.88% return, which is significantly lower than DGRW's 22.14% return. Over the past 10 years, SPLV has underperformed DGRW with an annualized return of 9.47%, while DGRW has yielded a comparatively higher 13.10% 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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SPLV vs. DGRW - Expense Ratio Comparison
SPLV has a 0.25% expense ratio, which is lower than DGRW's 0.28% expense ratio.
Risk-Adjusted Performance
SPLV vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Low Volatility ETF (SPLV) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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
SPLV vs. DGRW - Dividend Comparison
SPLV's dividend yield for the trailing twelve months is around 1.89%, more than DGRW's 1.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPLV Invesco S&P 500® Low Volatility ETF | 1.89% | 2.45% | 2.11% | 1.50% | 2.13% | 2.08% | 2.17% | 2.03% | 2.03% | 2.28% | 2.20% | 2.60% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.50% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.06% |
Drawdowns
SPLV vs. DGRW - Drawdown Comparison
The maximum SPLV drawdown since its inception was -36.26%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for SPLV and DGRW. For additional features, visit the drawdowns tool.
Volatility
SPLV vs. DGRW - Volatility Comparison
The current volatility for Invesco S&P 500® Low Volatility ETF (SPLV) is 2.83%, while WisdomTree U.S. Dividend Growth Fund (DGRW) has a volatility of 3.51%. This indicates that SPLV experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.