TBG vs. SPLV
Compare and contrast key facts about TBG Dividend Focus ETF (TBG) and Invesco S&P 500 Low Volatility ETF (SPLV).
TBG and SPLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBG is an actively managed fund by EA Series Trust. It was launched on Nov 6, 2023. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011.
Performance
TBG vs. SPLV - Performance Comparison
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TBG vs. SPLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TBG TBG Dividend Focus ETF | 4.85% | 7.50% | 20.58% | 9.66% |
SPLV Invesco S&P 500 Low Volatility ETF | 4.06% | 4.10% | 13.93% | 5.27% |
Returns By Period
In the year-to-date period, TBG achieves a 4.85% return, which is significantly higher than SPLV's 4.06% return.
TBG
- 1D
- 0.24%
- 1M
- -3.83%
- YTD
- 4.85%
- 6M
- 5.97%
- 1Y
- 13.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLV
- 1D
- 0.79%
- 1M
- -3.91%
- YTD
- 4.06%
- 6M
- 2.36%
- 1Y
- 1.85%
- 3Y*
- 7.95%
- 5Y*
- 7.05%
- 10Y*
- 8.48%
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TBG vs. SPLV - Expense Ratio Comparison
TBG has a 0.59% expense ratio, which is higher than SPLV's 0.25% expense ratio.
Return for Risk
TBG vs. SPLV — Risk / Return Rank
TBG
SPLV
TBG vs. SPLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TBG Dividend Focus ETF (TBG) and Invesco S&P 500 Low Volatility ETF (SPLV). 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.
| TBG | SPLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.08 | +0.60 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.19 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.12 | +0.72 |
Martin ratioReturn relative to average drawdown | 3.19 | 0.37 | +2.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TBG | SPLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.08 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.70 | +0.77 |
Correlation
The correlation between TBG and SPLV 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.
Dividends
TBG vs. SPLV - Dividend Comparison
TBG's dividend yield for the trailing twelve months is around 2.84%, more than SPLV's 2.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBG TBG Dividend Focus ETF | 2.84% | 2.80% | 2.33% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLV Invesco S&P 500 Low Volatility ETF | 2.10% | 2.04% | 1.88% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% |
Drawdowns
TBG vs. SPLV - Drawdown Comparison
The maximum TBG drawdown since its inception was -14.76%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for TBG and SPLV.
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Drawdown Indicators
| TBG | SPLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -36.26% | +21.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -6.64% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.26% | — |
Current DrawdownCurrent decline from peak | -5.02% | -4.39% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -3.54% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.90% | +0.18% |
Volatility
TBG vs. SPLV - Volatility Comparison
The current volatility for TBG Dividend Focus ETF (TBG) is 2.83%, while Invesco S&P 500 Low Volatility ETF (SPLV) has a volatility of 3.23%. This indicates that TBG experiences smaller price fluctuations and is considered to be less risky than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBG | SPLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 3.23% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 6.85% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 12.70% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 12.43% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.38% | 15.35% | -2.97% |