VLT vs. SPYG
Compare and contrast key facts about Invesco High Income Trust II (VLT) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLT or SPYG.
Key characteristics
| VLT | SPYG | |
|---|---|---|
| YTD Return | 19.26% | 35.11% |
| 1Y Return | 28.17% | 43.90% |
| 3Y Return (Ann) | 1.40% | 8.15% |
| 5Y Return (Ann) | 5.26% | 18.10% |
| 10Y Return (Ann) | 5.93% | 15.26% |
| Sharpe Ratio | 3.19 | 2.59 |
| Sortino Ratio | 4.45 | 3.32 |
| Omega Ratio | 1.63 | 1.48 |
| Calmar Ratio | 1.46 | 2.93 |
| Martin Ratio | 25.58 | 13.72 |
| Ulcer Index | 1.09% | 3.20% |
| Daily Std Dev | 8.73% | 16.94% |
| Max Drawdown | -69.60% | -67.79% |
| Current Drawdown | -1.41% | -0.10% |
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.
Performance
VLT vs. SPYG - Performance Comparison
In the year-to-date period, VLT achieves a 19.26% return, which is significantly lower than SPYG's 35.11% return. Over the past 10 years, VLT has underperformed SPYG with an annualized return of 5.93%, while SPYG has yielded a comparatively higher 15.26% annualized return. 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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Risk-Adjusted Performance
VLT vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Income Trust II (VLT) and 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.
Dividends
VLT vs. SPYG - Dividend Comparison
VLT's dividend yield for the trailing twelve months is around 10.17%, more than SPYG's 0.65% 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% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.65% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
VLT vs. SPYG - Drawdown Comparison
The maximum VLT drawdown since its inception was -69.60%, roughly equal to the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for VLT and SPYG. For additional features, visit the drawdowns tool.
Volatility
VLT vs. SPYG - Volatility Comparison
The current volatility for Invesco High Income Trust II (VLT) is 1.93%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.17%. 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.