VNO vs. SPHD
Compare and contrast key facts about Vornado Realty Trust (VNO) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNO or SPHD.
Key characteristics
| VNO | SPHD | |
|---|---|---|
| YTD Return | -12.67% | 6.90% |
| 1Y Return | 83.96% | 14.33% |
| 3Y Return (Ann) | -15.70% | 3.11% |
| 5Y Return (Ann) | -13.76% | 5.68% |
| 10Y Return (Ann) | -7.13% | 8.16% |
| Sharpe Ratio | 1.47 | 1.11 |
| Daily Std Dev | 55.52% | 12.75% |
| Max Drawdown | -80.88% | -41.39% |
| Current Drawdown | -61.51% | -1.06% |
Correlation
The correlation between VNO and SPHD is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VNO vs. SPHD - Performance Comparison
In the year-to-date period, VNO achieves a -12.67% return, which is significantly lower than SPHD's 6.90% return. Over the past 10 years, VNO has underperformed SPHD with an annualized return of -7.13%, while SPHD has yielded a comparatively higher 8.16% 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
VNO vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vornado Realty Trust (VNO) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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
VNO vs. SPHD - Dividend Comparison
VNO's dividend yield for the trailing twelve months is around 1.22%, less than SPHD's 4.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNO Vornado Realty Trust | 1.22% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.42% | 2.52% | 2.48% | 3.29% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.22% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
VNO vs. SPHD - Drawdown Comparison
The maximum VNO drawdown since its inception was -80.88%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for VNO and SPHD. For additional features, visit the drawdowns tool.
Volatility
VNO vs. SPHD - Volatility Comparison
Vornado Realty Trust (VNO) has a higher volatility of 14.99% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.20%. This indicates that VNO's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.