SPVU vs. IWD
Compare and contrast key facts about Invesco S&P 500® Enhanced Value ETF (SPVU) and iShares Russell 1000 Value ETF (IWD).
SPVU and IWD 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. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. Both SPVU and IWD 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: SPVU or IWD.
Key characteristics
| SPVU | IWD | |
|---|---|---|
| YTD Return | 20.24% | 19.85% |
| 1Y Return | 37.14% | 33.92% |
| 3Y Return (Ann) | 8.79% | 7.55% |
| 5Y Return (Ann) | 9.65% | 10.34% |
| Sharpe Ratio | 2.54 | 2.97 |
| Sortino Ratio | 3.75 | 4.19 |
| Omega Ratio | 1.46 | 1.54 |
| Calmar Ratio | 2.75 | 3.47 |
| Martin Ratio | 13.91 | 19.03 |
| Ulcer Index | 2.59% | 1.73% |
| Daily Std Dev | 14.16% | 11.06% |
| Max Drawdown | -48.05% | -60.10% |
| Current Drawdown | -1.24% | 0.00% |
Correlation
The correlation between SPVU and IWD is 0.83, 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. IWD - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPVU having a 20.24% return and IWD slightly lower at 19.85%. 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. IWD - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than IWD's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPVU vs. IWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Enhanced Value ETF (SPVU) and iShares Russell 1000 Value ETF (IWD). 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. IWD - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.58%, more than IWD's 1.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500® Enhanced Value ETF | 2.58% | 3.04% | 2.49% | 2.30% | 2.70% | 2.23% | 2.47% | 2.37% | 1.11% | 0.54% | 0.00% | 0.00% |
IWD iShares Russell 1000 Value ETF | 1.77% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% | 2.00% | 1.95% |
Drawdowns
SPVU vs. IWD - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for SPVU and IWD. For additional features, visit the drawdowns tool.
Volatility
SPVU vs. IWD - Volatility Comparison
Invesco S&P 500® Enhanced Value ETF (SPVU) has a higher volatility of 6.43% compared to iShares Russell 1000 Value ETF (IWD) at 3.80%. This indicates that SPVU's price experiences larger fluctuations and is considered to be riskier than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.