SPVU vs. VXX
Compare and contrast key facts about Invesco S&P 500® Enhanced Value ETF (SPVU) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).
SPVU and VXX 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. VXX is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Short-Term Futures Index Total Return. It was launched on Jan 19, 2018. Both SPVU and VXX 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 VXX.
Key characteristics
| SPVU | VXX | |
|---|---|---|
| YTD Return | 20.79% | -28.29% |
| 1Y Return | 36.00% | -43.53% |
| 3Y Return (Ann) | 8.73% | -48.63% |
| 5Y Return (Ann) | 9.96% | -48.04% |
| Sharpe Ratio | 2.56 | -0.60 |
| Sortino Ratio | 3.78 | -0.79 |
| Omega Ratio | 1.47 | 0.91 |
| Calmar Ratio | 3.04 | -0.45 |
| Martin Ratio | 14.01 | -1.26 |
| Ulcer Index | 2.59% | 34.99% |
| Daily Std Dev | 14.15% | 74.07% |
| Max Drawdown | -48.05% | -99.08% |
| Current Drawdown | -0.78% | -98.99% |
Correlation
The correlation between SPVU and VXX is -0.57. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SPVU vs. VXX - Performance Comparison
In the year-to-date period, SPVU achieves a 20.79% return, which is significantly higher than VXX's -28.29% 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. VXX - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than VXX's 0.89% expense ratio.
Risk-Adjusted Performance
SPVU vs. VXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Enhanced Value ETF (SPVU) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). 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. VXX - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.57%, while VXX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPVU Invesco S&P 500® Enhanced Value ETF | 2.57% | 3.04% | 2.49% | 2.30% | 2.70% | 2.23% | 2.47% | 2.37% | 1.11% | 0.54% |
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPVU vs. VXX - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, smaller than the maximum VXX drawdown of -99.08%. Use the drawdown chart below to compare losses from any high point for SPVU and VXX. For additional features, visit the drawdowns tool.
Volatility
SPVU vs. VXX - Volatility Comparison
The current volatility for Invesco S&P 500® Enhanced Value ETF (SPVU) is 6.36%, while iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) has a volatility of 17.76%. This indicates that SPVU experiences smaller price fluctuations and is considered to be less risky than VXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.