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.
Key characteristics
| SPVM | ^GSPC | |
|---|---|---|
| YTD Return | 7.23% | 8.61% |
| 1Y Return | 18.76% | 25.25% |
| 3Y Return (Ann) | 4.64% | 7.00% |
| 5Y Return (Ann) | 9.29% | 12.50% |
| 10Y Return (Ann) | 9.06% | 10.70% |
| Sharpe Ratio | 1.76 | 2.36 |
| Daily Std Dev | 11.94% | 11.60% |
| Max Drawdown | -45.36% | -56.78% |
| Current Drawdown | -4.03% | -1.40% |
Correlation
The correlation between SPVM and ^GSPC 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. ^GSPC - Performance Comparison
In the year-to-date period, SPVM achieves a 7.23% return, which is significantly lower than ^GSPC's 8.61% return. Over the past 10 years, SPVM has underperformed ^GSPC with an annualized return of 9.06%, while ^GSPC has yielded a comparatively higher 10.70% 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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Risk-Adjusted Performance
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 3.37%, while S&P 500 (^GSPC) has a volatility of 4.08%. 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.