VTINX vs. SPHD
Compare and contrast key facts about Vanguard Target Retirement Income Fund (VTINX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
VTINX is managed by Vanguard. It was launched on Oct 27, 2003. 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: VTINX or SPHD.
Key characteristics
| VTINX | SPHD | |
|---|---|---|
| YTD Return | 7.73% | 22.57% |
| 1Y Return | 15.01% | 36.80% |
| 3Y Return (Ann) | 1.12% | 9.34% |
| 5Y Return (Ann) | 4.17% | 7.59% |
| 10Y Return (Ann) | 4.34% | 8.83% |
| Sharpe Ratio | 2.79 | 3.06 |
| Sortino Ratio | 4.31 | 4.42 |
| Omega Ratio | 1.55 | 1.57 |
| Calmar Ratio | 1.41 | 2.07 |
| Martin Ratio | 17.70 | 22.05 |
| Ulcer Index | 0.81% | 1.60% |
| Daily Std Dev | 5.12% | 11.55% |
| Max Drawdown | -19.96% | -41.39% |
| Current Drawdown | -0.65% | -1.00% |
Correlation
The correlation between VTINX and SPHD is 0.65, 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
VTINX vs. SPHD - Performance Comparison
In the year-to-date period, VTINX achieves a 7.73% return, which is significantly lower than SPHD's 22.57% return. Over the past 10 years, VTINX has underperformed SPHD with an annualized return of 4.34%, while SPHD has yielded a comparatively higher 8.83% 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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VTINX vs. SPHD - Expense Ratio Comparison
VTINX has a 0.08% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
VTINX vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement Income Fund (VTINX) 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
VTINX vs. SPHD - Dividend Comparison
VTINX's dividend yield for the trailing twelve months is around 3.25%, less than SPHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTINX Vanguard Target Retirement Income Fund | 3.25% | 2.98% | 2.71% | 2.59% | 1.65% | 2.51% | 2.69% | 2.10% | 1.94% | 1.84% | 1.84% | 1.63% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.38% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
VTINX vs. SPHD - Drawdown Comparison
The maximum VTINX drawdown since its inception was -19.96%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for VTINX and SPHD. For additional features, visit the drawdowns tool.
Volatility
VTINX vs. SPHD - Volatility Comparison
The current volatility for Vanguard Target Retirement Income Fund (VTINX) is 1.27%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.76%. This indicates that VTINX experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.