^GSPC vs. SPHD
Compare and contrast key facts about S&P 500 (^GSPC) 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: ^GSPC or SPHD.
Correlation
The correlation between ^GSPC and SPHD is 0.71, 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
^GSPC vs. SPHD - Performance Comparison
Key characteristics
^GSPC:
1.62
SPHD:
2.20
^GSPC:
2.20
SPHD:
3.03
^GSPC:
1.30
SPHD:
1.40
^GSPC:
2.46
SPHD:
2.70
^GSPC:
10.01
SPHD:
8.39
^GSPC:
2.08%
SPHD:
2.82%
^GSPC:
12.88%
SPHD:
10.71%
^GSPC:
-56.78%
SPHD:
-41.39%
^GSPC:
-2.13%
SPHD:
-2.44%
Returns By Period
In the year-to-date period, ^GSPC achieves a 2.24% return, which is significantly lower than SPHD's 4.21% return. Over the past 10 years, ^GSPC has outperformed SPHD with an annualized return of 11.04%, while SPHD has yielded a comparatively lower 8.47% annualized return.
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
SPHD
4.21%
3.91%
4.10%
22.46%
7.44%
8.47%
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Risk-Adjusted Performance
^GSPC vs. SPHD — Risk-Adjusted Performance Rank
^GSPC
SPHD
^GSPC vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 (^GSPC) 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.
Drawdowns
^GSPC vs. SPHD - Drawdown Comparison
The maximum ^GSPC drawdown since its inception was -56.78%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for ^GSPC and SPHD. For additional features, visit the drawdowns tool.
Volatility
^GSPC vs. SPHD - Volatility Comparison
S&P 500 (^GSPC) has a higher volatility of 3.43% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.56%. This indicates that ^GSPC'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.