TDIV vs. SPGP
Compare and contrast key facts about First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Invesco S&P 500 GARP ETF (SPGP).
TDIV and SPGP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. Both TDIV and SPGP 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: TDIV or SPGP.
Key characteristics
| TDIV | SPGP | |
|---|---|---|
| YTD Return | 26.37% | 13.48% |
| 1Y Return | 35.99% | 20.68% |
| 3Y Return (Ann) | 12.30% | 6.48% |
| 5Y Return (Ann) | 16.19% | 13.85% |
| 10Y Return (Ann) | 13.87% | 14.20% |
| Sharpe Ratio | 2.25 | 1.59 |
| Sortino Ratio | 3.03 | 2.23 |
| Omega Ratio | 1.38 | 1.28 |
| Calmar Ratio | 3.43 | 2.48 |
| Martin Ratio | 12.86 | 7.49 |
| Ulcer Index | 3.05% | 3.17% |
| Daily Std Dev | 17.40% | 14.94% |
| Max Drawdown | -31.97% | -42.08% |
| Current Drawdown | -2.44% | -0.76% |
Correlation
The correlation between TDIV and SPGP is 0.80, 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
TDIV vs. SPGP - Performance Comparison
In the year-to-date period, TDIV achieves a 26.37% return, which is significantly higher than SPGP's 13.48% return. Both investments have delivered pretty close results over the past 10 years, with TDIV having a 13.87% annualized return and SPGP not far ahead at 14.20%. 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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TDIV vs. SPGP - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
TDIV vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Invesco S&P 500 GARP ETF (SPGP). 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
TDIV vs. SPGP - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.56%, more than SPGP's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.56% | 1.74% | 2.51% | 1.76% | 2.08% | 2.27% | 2.96% | 2.27% | 2.45% | 2.52% | 2.80% | 2.31% |
SPGP Invesco S&P 500 GARP ETF | 1.31% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
TDIV vs. SPGP - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for TDIV and SPGP. For additional features, visit the drawdowns tool.
Volatility
TDIV vs. SPGP - Volatility Comparison
The current volatility for First Trust NASDAQ Technology Dividend Index Fund (TDIV) is 4.73%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 5.05%. This indicates that TDIV experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.