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:
0.89
^GSPC:
0.43
SPMV:
1.30
^GSPC:
0.72
SPMV:
1.19
^GSPC:
1.11
SPMV:
1.05
^GSPC:
0.44
SPMV:
4.88
^GSPC:
1.82
SPMV:
2.54%
^GSPC:
4.52%
SPMV:
13.89%
^GSPC:
19.36%
SPMV:
-33.17%
^GSPC:
-56.78%
SPMV:
-6.06%
^GSPC:
-12.50%
Returns By Period
In the year-to-date period, SPMV achieves a -1.25% return, which is significantly higher than ^GSPC's -8.60% return.
SPMV
-1.25%
-3.97%
-3.36%
10.57%
11.99%
N/A
^GSPC
-8.60%
-6.79%
-7.27%
6.02%
13.70%
9.79%
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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 9.82%, while S&P 500 (^GSPC) has a volatility of 14.04%. 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.