VLT vs. SPYG
Compare and contrast key facts about Invesco High Income Trust II (VLT) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000.
Performance
VLT vs. SPYG - Performance Comparison
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VLT vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLT Invesco High Income Trust II | -6.39% | 13.22% | 17.38% | 13.12% | -20.82% | 14.53% | 4.46% | 23.60% | -7.97% | 10.68% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | -6.91% | 22.09% | 35.99% | 30.02% | -29.41% | 32.01% | 33.46% | 30.84% | -0.12% | 27.24% |
Returns By Period
In the year-to-date period, VLT achieves a -6.39% return, which is significantly higher than SPYG's -6.91% return. Over the past 10 years, VLT has underperformed SPYG with an annualized return of 6.73%, while SPYG has yielded a comparatively higher 15.90% annualized return.
VLT
- 1D
- 0.89%
- 1M
- -5.68%
- YTD
- -6.39%
- 6M
- -5.19%
- 1Y
- 6.70%
- 3Y*
- 10.22%
- 5Y*
- 4.01%
- 10Y*
- 6.73%
SPYG
- 1D
- 1.32%
- 1M
- -4.24%
- YTD
- -6.91%
- 6M
- -5.21%
- 1Y
- 23.24%
- 3Y*
- 22.39%
- 5Y*
- 12.53%
- 10Y*
- 15.90%
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Return for Risk
VLT vs. SPYG — Risk / Return Rank
VLT
SPYG
VLT vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Income Trust II (VLT) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
| VLT | SPYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.04 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.82 | 1.62 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.75 | -1.11 |
Martin ratioReturn relative to average drawdown | 2.53 | 6.81 | -4.27 |
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
| VLT | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.04 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.60 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.78 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.32 | -0.18 |
Correlation
The correlation between VLT and SPYG is 0.29, 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.
Dividends
VLT vs. SPYG - Dividend Comparison
VLT's dividend yield for the trailing twelve months is around 11.16%, more than SPYG's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLT Invesco High Income Trust II | 11.16% | 10.27% | 10.55% | 11.13% | 11.27% | 8.06% | 8.51% | 8.10% | 8.44% | 7.00% | 8.06% | 9.71% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.57% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Drawdowns
VLT vs. SPYG - Drawdown Comparison
The maximum VLT drawdown since its inception was -75.78%, which is greater than SPYG's maximum drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for VLT and SPYG.
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Drawdown Indicators
| VLT | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.78% | -67.63% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -13.76% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -32.67% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | -32.67% | -9.35% |
Current DrawdownCurrent decline from peak | -7.55% | -9.06% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -24.48% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 3.55% | -0.87% |
Volatility
VLT vs. SPYG - Volatility Comparison
The current volatility for Invesco High Income Trust II (VLT) is 4.53%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 7.32%. This indicates that VLT experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLT | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 7.32% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 12.90% | -6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 22.42% | -11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.67% | 21.13% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 20.57% | -6.66% |