^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 0.72, 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:
2.06
SPHD:
1.98
^GSPC:
2.74
SPHD:
2.77
^GSPC:
1.38
SPHD:
1.36
^GSPC:
3.13
SPHD:
2.25
^GSPC:
12.83
SPHD:
9.00
^GSPC:
2.07%
SPHD:
2.46%
^GSPC:
12.85%
SPHD:
11.24%
^GSPC:
-56.78%
SPHD:
-41.39%
^GSPC:
-0.67%
SPHD:
-4.64%
Returns By Period
In the year-to-date period, ^GSPC achieves a 2.85% return, which is significantly higher than SPHD's 1.86% return. Over the past 10 years, ^GSPC has outperformed SPHD with an annualized return of 11.45%, while SPHD has yielded a comparatively lower 8.13% annualized return.
^GSPC
2.85%
2.00%
8.88%
24.72%
12.77%
11.45%
SPHD
1.86%
1.86%
8.42%
21.61%
6.66%
8.13%
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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 5.14% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.23%. 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.