SPVU vs. VYMI
Compare and contrast key facts about Invesco S&P 500® Enhanced Value ETF (SPVU) and Vanguard International High Dividend Yield ETF (VYMI).
SPVU and VYMI 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. VYMI is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US High Dividend Yield Index. It was launched on Feb 25, 2016. Both SPVU and VYMI 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 VYMI.
Key characteristics
| SPVU | VYMI | |
|---|---|---|
| YTD Return | 20.24% | 10.23% |
| 1Y Return | 37.14% | 21.37% |
| 3Y Return (Ann) | 8.79% | 6.15% |
| 5Y Return (Ann) | 9.65% | 7.04% |
| Sharpe Ratio | 2.54 | 1.74 |
| Sortino Ratio | 3.75 | 2.38 |
| Omega Ratio | 1.46 | 1.30 |
| Calmar Ratio | 2.75 | 3.12 |
| Martin Ratio | 13.91 | 10.81 |
| Ulcer Index | 2.59% | 1.97% |
| Daily Std Dev | 14.16% | 12.23% |
| Max Drawdown | -48.05% | -40.00% |
| Current Drawdown | -1.24% | -4.29% |
Correlation
The correlation between SPVU and VYMI is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPVU vs. VYMI - Performance Comparison
In the year-to-date period, SPVU achieves a 20.24% return, which is significantly higher than VYMI's 10.23% 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. VYMI - Expense Ratio Comparison
SPVU has a 0.13% expense ratio, which is lower than VYMI's 0.22% 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. VYMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Enhanced Value ETF (SPVU) and Vanguard International High Dividend Yield ETF (VYMI). 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. VYMI - Dividend Comparison
SPVU's dividend yield for the trailing twelve months is around 2.58%, less than VYMI's 4.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VYMI Vanguard International High Dividend Yield ETF | 4.49% | 4.58% | 4.71% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% | 0.00% |
Drawdowns
SPVU vs. VYMI - Drawdown Comparison
The maximum SPVU drawdown since its inception was -48.05%, which is greater than VYMI's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for SPVU and VYMI. For additional features, visit the drawdowns tool.
Volatility
SPVU vs. VYMI - Volatility Comparison
Invesco S&P 500® Enhanced Value ETF (SPVU) has a higher volatility of 6.43% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.00%. This indicates that SPVU's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.