SPVM vs. VOO
Compare and contrast key facts about Invesco S&P 500 Value with Momentum ETF (SPVM) and Vanguard S&P 500 ETF (VOO).
SPVM and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SPVM and VOO 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: SPVM or VOO.
Key characteristics
| SPVM | VOO | |
|---|---|---|
| YTD Return | 7.73% | 7.68% |
| 1Y Return | 16.62% | 24.58% |
| 3Y Return (Ann) | 6.22% | 8.61% |
| 5Y Return (Ann) | 8.99% | 13.73% |
| 10Y Return (Ann) | 9.16% | 12.60% |
| Sharpe Ratio | 1.45 | 2.21 |
| Daily Std Dev | 12.26% | 11.60% |
| Max Drawdown | -45.36% | -33.99% |
| Current Drawdown | -3.58% | -2.60% |
Correlation
The correlation between SPVM and VOO is 0.74, 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
SPVM vs. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPVM having a 7.73% return and VOO slightly lower at 7.68%. Over the past 10 years, SPVM has underperformed VOO with an annualized return of 9.16%, while VOO has yielded a comparatively higher 12.60% 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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SPVM vs. VOO - Expense Ratio Comparison
SPVM has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SPVM vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Value with Momentum ETF (SPVM) and Vanguard S&P 500 ETF (VOO). 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
SPVM vs. VOO - Dividend Comparison
SPVM's dividend yield for the trailing twelve months is around 2.10%, more than VOO's 1.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVM Invesco S&P 500 Value with Momentum ETF | 2.10% | 2.45% | 2.33% | 1.41% | 2.11% | 2.40% | 3.10% | 1.68% | 2.80% | 2.67% | 1.94% | 1.92% |
VOO Vanguard S&P 500 ETF | 1.37% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SPVM vs. VOO - Drawdown Comparison
The maximum SPVM drawdown since its inception was -45.36%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SPVM and VOO. For additional features, visit the drawdowns tool.
Volatility
SPVM vs. VOO - Volatility Comparison
The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 2.82%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.63%. This indicates that SPVM experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.