SPVM vs. ^GSPC
Compare and contrast key facts about Invesco S&P 500 Value with Momentum ETF (SPVM) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPVM or ^GSPC.
Correlation
The correlation between SPVM and ^GSPC is 0.73, 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. ^GSPC - Performance Comparison
Key characteristics
SPVM:
0.20
^GSPC:
0.46
SPVM:
0.41
^GSPC:
0.77
SPVM:
1.05
^GSPC:
1.11
SPVM:
0.19
^GSPC:
0.47
SPVM:
0.64
^GSPC:
1.94
SPVM:
5.60%
^GSPC:
4.61%
SPVM:
18.05%
^GSPC:
19.44%
SPVM:
-45.36%
^GSPC:
-56.78%
SPVM:
-11.35%
^GSPC:
-10.07%
Returns By Period
In the year-to-date period, SPVM achieves a -3.35% return, which is significantly higher than ^GSPC's -6.06% return. Over the past 10 years, SPVM has underperformed ^GSPC with an annualized return of 8.78%, while ^GSPC has yielded a comparatively higher 10.27% annualized return.
SPVM
-3.35%
-2.57%
-4.52%
4.37%
14.42%
8.78%
^GSPC
-6.06%
-1.00%
-4.87%
8.34%
14.11%
10.27%
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Risk-Adjusted Performance
SPVM vs. ^GSPC — Risk-Adjusted Performance Rank
SPVM
^GSPC
SPVM vs. ^GSPC - 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 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
SPVM vs. ^GSPC - Drawdown Comparison
The maximum SPVM drawdown since its inception was -45.36%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPVM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SPVM vs. ^GSPC - Volatility Comparison
The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 11.96%, while S&P 500 (^GSPC) has a volatility of 14.23%. This indicates that SPVM 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.