XSHD vs. SPY
Compare and contrast key facts about Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and SPDR S&P 500 ETF (SPY).
XSHD and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSHD is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Low Volatility High Dividend Index. It was launched on Dec 1, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XSHD and SPY 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: XSHD or SPY.
Correlation
The correlation between XSHD and SPY is 0.62, 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
XSHD vs. SPY - Performance Comparison
Key characteristics
XSHD:
-0.22
SPY:
2.21
XSHD:
-0.18
SPY:
2.93
XSHD:
0.98
SPY:
1.41
XSHD:
-0.13
SPY:
3.26
XSHD:
-0.54
SPY:
14.43
XSHD:
7.16%
SPY:
1.90%
XSHD:
17.63%
SPY:
12.41%
XSHD:
-49.52%
SPY:
-55.19%
XSHD:
-25.51%
SPY:
-2.74%
Returns By Period
In the year-to-date period, XSHD achieves a -5.16% return, which is significantly lower than SPY's 25.54% return.
XSHD
-5.16%
-4.31%
5.79%
-5.39%
-4.05%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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XSHD vs. SPY - Expense Ratio Comparison
XSHD has a 0.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XSHD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and SPDR S&P 500 ETF (SPY). 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
XSHD vs. SPY - Dividend Comparison
XSHD's dividend yield for the trailing twelve months is around 6.61%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 6.61% | 7.62% | 6.77% | 3.86% | 5.55% | 4.88% | 5.49% | 4.11% | 0.41% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XSHD vs. SPY - Drawdown Comparison
The maximum XSHD drawdown since its inception was -49.52%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XSHD and SPY. For additional features, visit the drawdowns tool.
Volatility
XSHD vs. SPY - Volatility Comparison
Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) has a higher volatility of 4.85% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that XSHD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.