Correlation
The correlation between SPMV and CWS 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.
SPMV vs. CWS
Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and AdvisorShares Focused Equity ETF (CWS).
SPMV and CWS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CWS is an actively managed fund by AdvisorShares. It was launched on Sep 20, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPMV or CWS.
Performance
SPMV vs. CWS - Performance Comparison
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Key characteristics
SPMV:
0.94
CWS:
0.69
SPMV:
1.25
CWS:
1.00
SPMV:
1.17
CWS:
1.13
SPMV:
1.04
CWS:
0.62
SPMV:
4.50
CWS:
1.92
SPMV:
2.73%
CWS:
5.37%
SPMV:
14.75%
CWS:
16.10%
SPMV:
-33.17%
CWS:
-33.82%
SPMV:
-0.90%
CWS:
-3.83%
Returns By Period
In the year-to-date period, SPMV achieves a 4.17% return, which is significantly lower than CWS's 5.65% return.
SPMV
4.17%
3.15%
-0.37%
12.39%
9.78%
11.90%
N/A
CWS
5.65%
5.08%
-3.83%
10.06%
15.74%
14.32%
N/A
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SPMV vs. CWS - Expense Ratio Comparison
SPMV has a 0.10% expense ratio, which is lower than CWS's 0.77% expense ratio.
Risk-Adjusted Performance
SPMV vs. CWS — Risk-Adjusted Performance Rank
SPMV
CWS
SPMV vs. CWS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and AdvisorShares Focused Equity ETF (CWS). 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.
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Dividends
SPMV vs. CWS - Dividend Comparison
SPMV's dividend yield for the trailing twelve months is around 1.46%, more than CWS's 0.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPMV Invesco S&P 500 Minimum Variance ETF | 1.46% | 1.53% | 2.28% | 1.79% | 1.28% | 1.71% | 3.13% | 4.17% | 1.72% | 0.00% |
CWS AdvisorShares Focused Equity ETF | 0.56% | 0.59% | 0.25% | 0.50% | 0.16% | 0.27% | 0.39% | 2.61% | 0.29% | 0.03% |
Drawdowns
SPMV vs. CWS - Drawdown Comparison
The maximum SPMV drawdown since its inception was -33.17%, roughly equal to the maximum CWS drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for SPMV and CWS.
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Volatility
SPMV vs. CWS - Volatility Comparison
Invesco S&P 500 Minimum Variance ETF (SPMV) and AdvisorShares Focused Equity ETF (CWS) have volatilities of 3.62% and 3.50%, 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.
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