SPXT vs. TVDAX
Compare and contrast key facts about ProShares S&P 500 Ex-Technology ETF (SPXT) and Guggenheim RBP Large-Cap Defensive Fund (TVDAX).
SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015. TVDAX is managed by Guggenheim. It was launched on Apr 27, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXT or TVDAX.
Key characteristics
| SPXT | TVDAX | |
|---|---|---|
| YTD Return | 22.82% | 22.18% |
| 1Y Return | 33.90% | 29.67% |
| 3Y Return (Ann) | 7.50% | -2.88% |
| 5Y Return (Ann) | 12.23% | 1.82% |
| Sharpe Ratio | 3.35 | 2.83 |
| Sortino Ratio | 4.55 | 3.86 |
| Omega Ratio | 1.62 | 1.55 |
| Calmar Ratio | 3.69 | 0.91 |
| Martin Ratio | 24.53 | 17.06 |
| Ulcer Index | 1.39% | 1.75% |
| Daily Std Dev | 10.17% | 10.53% |
| Max Drawdown | -34.38% | -49.72% |
| Current Drawdown | -0.60% | -12.70% |
Correlation
The correlation between SPXT and TVDAX is 0.74, 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
SPXT vs. TVDAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPXT having a 22.82% return and TVDAX slightly lower at 22.18%. 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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SPXT vs. TVDAX - Expense Ratio Comparison
SPXT has a 0.27% expense ratio, which is lower than TVDAX's 1.20% expense ratio.
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.
Dividends
SPXT vs. TVDAX - Dividend Comparison
SPXT's dividend yield for the trailing twelve months is around 1.43%, less than TVDAX's 7.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXT ProShares S&P 500 Ex-Technology ETF | 1.43% | 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.
Volatility
SPXT vs. TVDAX - Volatility Comparison
ProShares S&P 500 Ex-Technology ETF (SPXT) has a higher volatility of 3.54% compared to Guggenheim RBP Large-Cap Defensive Fund (TVDAX) at 1.25%. 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.