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SPXT vs. TVDAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SPXT vs. TVDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Technology ETF (SPXT) and Guggenheim RBP Large-Cap Defensive Fund (TVDAX). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%JuneJulyAugustSeptemberOctoberNovember
173.98%
16.72%
SPXT
TVDAX

Returns By Period

In the year-to-date period, SPXT achieves a 21.09% return, which is significantly lower than TVDAX's 22.18% return.


SPXT

YTD

21.09%

1M

0.92%

6M

9.79%

1Y

29.29%

5Y (annualized)

11.74%

10Y (annualized)

N/A

TVDAX

YTD

22.18%

1M

-0.69%

6M

9.08%

1Y

27.64%

5Y (annualized)

1.69%

10Y (annualized)

-0.68%

Key characteristics


SPXTTVDAX
Sharpe Ratio2.892.67
Sortino Ratio3.933.64
Omega Ratio1.521.52
Calmar Ratio3.980.88
Martin Ratio20.8815.93
Ulcer Index1.40%1.75%
Daily Std Dev10.10%10.44%
Max Drawdown-34.38%-49.72%
Current Drawdown-2.00%-12.70%

Compare stocks, funds, or ETFs

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SPXT vs. TVDAX - Expense Ratio Comparison

SPXT has a 0.27% expense ratio, which is lower than TVDAX's 1.20% expense ratio.


TVDAX
Guggenheim RBP Large-Cap Defensive Fund
Expense ratio chart for TVDAX: current value at 1.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.20%
Expense ratio chart for SPXT: current value at 0.27% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.27%

Correlation

-0.50.00.51.00.7

The correlation between SPXT and TVDAX is 0.73, 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.

Risk-Adjusted Performance

SPXT vs. TVDAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) and Guggenheim RBP Large-Cap Defensive Fund (TVDAX). 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.


Sharpe ratio
The chart of Sharpe ratio for SPXT, currently valued at 2.89, compared to the broader market0.002.004.002.892.67
The chart of Sortino ratio for SPXT, currently valued at 3.93, compared to the broader market-2.000.002.004.006.008.0010.0012.003.933.64
The chart of Omega ratio for SPXT, currently valued at 1.52, compared to the broader market0.501.001.502.002.503.001.521.52
The chart of Calmar ratio for SPXT, currently valued at 3.98, compared to the broader market0.005.0010.0015.003.980.95
The chart of Martin ratio for SPXT, currently valued at 20.88, compared to the broader market0.0020.0040.0060.0080.00100.0020.8815.93
SPXT
TVDAX

The current SPXT Sharpe Ratio is 2.89, which is comparable to the TVDAX Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of SPXT and TVDAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.89
2.67
SPXT
TVDAX

Dividends

SPXT vs. TVDAX - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.45%, less than TVDAX's 7.30% yield.


TTM20232022202120202019201820172016201520142013
SPXT
ProShares S&P 500 Ex-Technology ETF
1.45%1.53%1.86%1.15%1.64%1.63%2.03%1.55%2.35%0.56%0.00%0.00%
TVDAX
Guggenheim RBP Large-Cap Defensive Fund
7.30%0.18%0.12%0.00%0.28%0.48%0.39%0.33%0.23%0.49%0.68%0.08%

Drawdowns

SPXT vs. TVDAX - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum TVDAX drawdown of -49.72%. Use the drawdown chart below to compare losses from any high point for SPXT and TVDAX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-2.00%
-9.85%
SPXT
TVDAX

Volatility

SPXT vs. TVDAX - Volatility Comparison

ProShares S&P 500 Ex-Technology ETF (SPXT) has a higher volatility of 3.70% compared to Guggenheim RBP Large-Cap Defensive Fund (TVDAX) at 0.99%. This indicates that SPXT's price experiences larger fluctuations and is considered to be riskier than TVDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.70%
0.99%
SPXT
TVDAX