^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.
Key characteristics
| ^GSPC | SPHD | |
|---|---|---|
| YTD Return | 6.92% | 3.34% |
| 1Y Return | 23.33% | 7.89% |
| 3Y Return (Ann) | 6.81% | 3.71% |
| 5Y Return (Ann) | 11.66% | 4.74% |
| 10Y Return (Ann) | 10.52% | 7.87% |
| Sharpe Ratio | 2.19 | 0.74 |
| Daily Std Dev | 11.75% | 13.08% |
| Max Drawdown | -56.78% | -41.39% |
| Current Drawdown | -2.94% | -4.35% |
Correlation
The correlation between ^GSPC and SPHD is 0.74, 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
In the year-to-date period, ^GSPC achieves a 6.92% return, which is significantly higher than SPHD's 3.34% return. Over the past 10 years, ^GSPC has outperformed SPHD with an annualized return of 10.52%, while SPHD has yielded a comparatively lower 7.87% 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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Risk-Adjusted Performance
^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) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) have volatilities of 3.65% and 3.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.