Correlation
The correlation between SPMV and MGV 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. MGV
Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and Vanguard Mega Cap Value ETF (MGV).
SPMV and MGV 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. MGV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Value Index. It was launched on Dec 17, 2007. Both SPMV and MGV 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: SPMV or MGV.
Performance
SPMV vs. MGV - Performance Comparison
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Key characteristics
SPMV:
0.94
MGV:
0.74
SPMV:
1.25
MGV:
1.03
SPMV:
1.17
MGV:
1.15
SPMV:
1.04
MGV:
0.80
SPMV:
4.50
MGV:
2.91
SPMV:
2.73%
MGV:
3.61%
SPMV:
14.75%
MGV:
15.60%
SPMV:
-33.17%
MGV:
-56.31%
SPMV:
-0.90%
MGV:
-4.06%
Returns By Period
In the year-to-date period, SPMV achieves a 4.17% return, which is significantly higher than MGV's 2.16% return.
SPMV
4.17%
3.15%
-0.37%
12.39%
9.78%
11.90%
N/A
MGV
2.16%
2.89%
-3.85%
9.66%
9.47%
13.98%
10.35%
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SPMV vs. MGV - Expense Ratio Comparison
SPMV has a 0.10% expense ratio, which is higher than MGV's 0.07% 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
SPMV vs. MGV — Risk-Adjusted Performance Rank
SPMV
MGV
SPMV vs. MGV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) and Vanguard Mega Cap Value ETF (MGV). 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. MGV - Dividend Comparison
SPMV's dividend yield for the trailing twelve months is around 1.46%, less than MGV's 2.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
MGV Vanguard Mega Cap Value ETF | 2.26% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% | 2.26% |
Drawdowns
SPMV vs. MGV - Drawdown Comparison
The maximum SPMV drawdown since its inception was -33.17%, smaller than the maximum MGV drawdown of -56.31%. Use the drawdown chart below to compare losses from any high point for SPMV and MGV.
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Volatility
SPMV vs. MGV - Volatility Comparison
The current volatility for Invesco S&P 500 Minimum Variance ETF (SPMV) is 3.62%, while Vanguard Mega Cap Value ETF (MGV) has a volatility of 4.25%. This indicates that SPMV experiences smaller price fluctuations and is considered to be less risky than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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