SPVU vs. AVDV
Compare and contrast key facts about Invesco S&P 500® Enhanced Value ETF (SPVU) and Avantis International Small Cap Value ETF (AVDV).
SPVU and AVDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVU is a passively managed fund by Invesco that tracks the performance of the S&P 500 Enhanced Value Index. It was launched on Oct 9, 2015. AVDV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPVU or AVDV.
Key characteristics
| SPVU | AVDV | |
|---|---|---|
| YTD Return | 21.39% | 7.25% |
| 1Y Return | 33.46% | 15.88% |
| 3Y Return (Ann) | 8.90% | 2.94% |
| 5Y Return (Ann) | 9.88% | 7.21% |
| Sharpe Ratio | 2.59 | 1.34 |
| Sortino Ratio | 3.81 | 1.88 |
| Omega Ratio | 1.47 | 1.23 |
| Calmar Ratio | 3.63 | 2.34 |
| Martin Ratio | 14.17 | 7.55 |
| Ulcer Index | 2.59% | 2.59% |
| Daily Std Dev | 14.16% | 14.60% |
| Max Drawdown | -48.05% | -43.01% |
| Current Drawdown | -0.30% | -7.47% |
Correlation
The correlation between SPVU and AVDV is 0.72, 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
SPVU vs. AVDV - Performance Comparison
In the year-to-date period, SPVU achieves a 21.39% return, which is significantly higher than AVDV's 7.25% 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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SPVU vs. AVDV - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than AVDV's 0.36% expense ratio.
Risk-Adjusted Performance
SPVU vs. AVDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Enhanced Value ETF (SPVU) and Avantis International Small Cap Value ETF (AVDV). 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
SPVU vs. AVDV - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.56%, less than AVDV's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500® Enhanced Value ETF | 2.56% | 3.04% | 2.49% | 2.30% | 2.70% | 2.23% | 2.47% | 2.37% | 1.11% | 0.54% |
AVDV Avantis International Small Cap Value ETF | 3.15% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPVU vs. AVDV - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for SPVU and AVDV. For additional features, visit the drawdowns tool.
Volatility
SPVU vs. AVDV - Volatility Comparison
Invesco S&P 500® Enhanced Value ETF (SPVU) has a higher volatility of 6.33% compared to Avantis International Small Cap Value ETF (AVDV) at 3.92%. This indicates that SPVU's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.