VLT vs. SPHIX
Compare and contrast key facts about Invesco High Income Trust II (VLT) and Fidelity High Income Fund (SPHIX).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLT or SPHIX.
Key characteristics
| VLT | SPHIX | |
|---|---|---|
| YTD Return | 19.26% | 9.73% |
| 1Y Return | 28.17% | 15.99% |
| 3Y Return (Ann) | 1.40% | 2.40% |
| 5Y Return (Ann) | 5.26% | 3.06% |
| 10Y Return (Ann) | 5.93% | 4.06% |
| Sharpe Ratio | 3.19 | 4.42 |
| Sortino Ratio | 4.45 | 7.74 |
| Omega Ratio | 1.63 | 2.19 |
| Calmar Ratio | 1.46 | 2.09 |
| Martin Ratio | 25.58 | 35.33 |
| Ulcer Index | 1.09% | 0.43% |
| Daily Std Dev | 8.73% | 3.50% |
| Max Drawdown | -69.60% | -31.35% |
| Current Drawdown | -1.41% | -0.25% |
Correlation
The correlation between VLT and SPHIX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VLT vs. SPHIX - Performance Comparison
In the year-to-date period, VLT achieves a 19.26% return, which is significantly higher than SPHIX's 9.73% return. Over the past 10 years, VLT has outperformed SPHIX with an annualized return of 5.93%, while SPHIX has yielded a comparatively lower 4.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
VLT vs. SPHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Income Trust II (VLT) and Fidelity High Income Fund (SPHIX). 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
VLT vs. SPHIX - Dividend Comparison
VLT's dividend yield for the trailing twelve months is around 10.17%, more than SPHIX's 5.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLT Invesco High Income Trust II | 10.17% | 11.09% | 11.23% | 8.02% | 8.48% | 8.07% | 8.43% | 7.00% | 8.08% | 9.74% | 8.69% | 8.62% |
SPHIX Fidelity High Income Fund | 5.70% | 5.43% | 5.17% | 4.74% | 4.71% | 5.11% | 6.00% | 5.40% | 5.45% | 6.26% | 6.97% | 6.16% |
Drawdowns
VLT vs. SPHIX - Drawdown Comparison
The maximum VLT drawdown since its inception was -69.60%, which is greater than SPHIX's maximum drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for VLT and SPHIX. For additional features, visit the drawdowns tool.
Volatility
VLT vs. SPHIX - Volatility Comparison
Invesco High Income Trust II (VLT) has a higher volatility of 1.93% compared to Fidelity High Income Fund (SPHIX) at 0.72%. This indicates that VLT's price experiences larger fluctuations and is considered to be riskier than SPHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.