WGROX vs. SPHQ
Compare and contrast key facts about Wasatch Core Growth Fund (WGROX) and Invesco S&P 500® Quality ETF (SPHQ).
WGROX is managed by Wasatch. It was launched on Dec 8, 1986. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WGROX or SPHQ.
Key characteristics
| WGROX | SPHQ | |
|---|---|---|
| YTD Return | 9.51% | 24.27% |
| 1Y Return | 25.07% | 31.31% |
| 3Y Return (Ann) | 1.28% | 12.07% |
| 5Y Return (Ann) | 12.20% | 16.49% |
| 10Y Return (Ann) | 12.61% | 13.76% |
| Sharpe Ratio | 1.31 | 2.38 |
| Daily Std Dev | 18.65% | 12.41% |
| Max Drawdown | -61.61% | -57.83% |
| Current Drawdown | -4.36% | 0.00% |
Correlation
The correlation between WGROX and SPHQ is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WGROX vs. SPHQ - Performance Comparison
In the year-to-date period, WGROX achieves a 9.51% return, which is significantly lower than SPHQ's 24.27% return. Over the past 10 years, WGROX has underperformed SPHQ with an annualized return of 12.61%, while SPHQ has yielded a comparatively higher 13.76% 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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WGROX vs. SPHQ - Expense Ratio Comparison
WGROX has a 1.17% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
WGROX vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Core Growth Fund (WGROX) and Invesco S&P 500® Quality ETF (SPHQ). 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
WGROX vs. SPHQ - Dividend Comparison
WGROX has not paid dividends to shareholders, while SPHQ's dividend yield for the trailing twelve months is around 1.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WGROX Wasatch Core Growth Fund | 0.00% | 0.00% | 0.71% | 16.82% | 7.21% | 10.73% | 10.14% | 6.24% | 0.15% | 12.70% | 2.51% | 1.38% |
SPHQ Invesco S&P 500® Quality ETF | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% | 1.66% | 1.99% |
Drawdowns
WGROX vs. SPHQ - Drawdown Comparison
The maximum WGROX drawdown since its inception was -61.61%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for WGROX and SPHQ. For additional features, visit the drawdowns tool.
Volatility
WGROX vs. SPHQ - Volatility Comparison
Wasatch Core Growth Fund (WGROX) has a higher volatility of 5.19% compared to Invesco S&P 500® Quality ETF (SPHQ) at 3.44%. This indicates that WGROX's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.