XLG vs. SPYG
Compare and contrast key facts about Invesco S&P 500® Top 50 ETF (XLG) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
XLG and SPYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005. 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. Both XLG and SPYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLG or SPYG.
Performance
XLG vs. SPYG - Performance Comparison
Returns By Period
In the year-to-date period, XLG achieves a 29.52% return, which is significantly lower than SPYG's 31.50% return. Both investments have delivered pretty close results over the past 10 years, with XLG having a 14.82% annualized return and SPYG not far ahead at 14.87%.
XLG
29.52%
0.96%
13.06%
34.65%
18.05%
14.82%
SPYG
31.50%
1.51%
14.28%
37.56%
17.26%
14.87%
Key characteristics
| XLG | SPYG | |
|---|---|---|
| Sharpe Ratio | 2.38 | 2.22 |
| Sortino Ratio | 3.13 | 2.90 |
| Omega Ratio | 1.44 | 1.41 |
| Calmar Ratio | 3.10 | 2.81 |
| Martin Ratio | 12.88 | 11.80 |
| Ulcer Index | 2.72% | 3.21% |
| Daily Std Dev | 14.75% | 17.04% |
| Max Drawdown | -52.39% | -67.79% |
| Current Drawdown | -2.53% | -2.77% |
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XLG vs. SPYG - Expense Ratio Comparison
XLG has a 0.20% expense ratio, which is higher than SPYG's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between XLG and SPYG is 0.94, 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.
Risk-Adjusted Performance
XLG vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Top 50 ETF (XLG) 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
XLG vs. SPYG - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.74%, more than SPYG's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500® Top 50 ETF | 0.74% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.66% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
XLG vs. SPYG - Drawdown Comparison
The maximum XLG drawdown since its inception was -52.39%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for XLG and SPYG. For additional features, visit the drawdowns tool.
Volatility
XLG vs. SPYG - Volatility Comparison
The current volatility for Invesco S&P 500® Top 50 ETF (XLG) is 4.94%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.52%. This indicates that XLG 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.