SPMV vs. ^GSPC
Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and S&P 500 (^GSPC).
SPMV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Minimum Volatility Index. It was launched on Jul 13, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMV or ^GSPC.
Correlation
The correlation between SPMV and ^GSPC 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.
Performance
SPMV vs. ^GSPC - Performance Comparison
Key characteristics
SPMV:
1.90
^GSPC:
1.62
SPMV:
2.62
^GSPC:
2.20
SPMV:
1.34
^GSPC:
1.30
SPMV:
3.07
^GSPC:
2.46
SPMV:
9.91
^GSPC:
10.01
SPMV:
1.90%
^GSPC:
2.08%
SPMV:
9.96%
^GSPC:
12.88%
SPMV:
-33.17%
^GSPC:
-56.78%
SPMV:
-0.86%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, SPMV achieves a 4.21% return, which is significantly higher than ^GSPC's 2.24% return.
SPMV
4.21%
1.40%
5.34%
16.88%
9.60%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
SPMV vs. ^GSPC — Risk-Adjusted Performance Rank
SPMV
^GSPC
SPMV vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and S&P 500 (^GSPC). 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.
Drawdowns
SPMV vs. ^GSPC - Drawdown Comparison
The maximum SPMV drawdown since its inception was -33.17%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPMV and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SPMV vs. ^GSPC - Volatility Comparison
The current volatility for Invesco S&P 500 Minimum Variance ETF (SPMV) is 2.67%, while S&P 500 (^GSPC) has a volatility of 3.43%. This indicates that SPMV experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.