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VLT vs SPY

Comparison between Invesco High Income Trust II (VLT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VLT, delivering a return of +13.3% compared to +3.6%

VLT vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
VLT
$71M
Winner
SPY
$735B
Expense Ratio
VLT
N/A
SPY
0.09%
Max Drawdown
VLT
85.20%
Winner
SPY
56.47%
Sharpe Ratio
VLT
0.48
Winner
SPY
1.62
5Y Beta
Winner
VLT
0.35
SPY
1.00
P/E Ratio
VLT
N/A
SPY
28.99
Forward P/E
VLT
N/A
SPY
22.37
5Y Dividends CAGR
VLT
-0.47%
Winner
SPY
5.43%
5Y EPS CAGR
VLT
N/A
SPY
26.05%
Debt to Equity
VLT
N/A
SPY
32.40%
P/S Ratio
VLT
N/A
SPY
3.74
P/B Ratio
VLT
N/A
SPY
5.61

VLT vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
VLT
-0.09%
Winner
SPY
+1.90%
3M
VLT
-0.68%
Winner
SPY
+8.55%
6M
VLT
-1.97%
Winner
SPY
+8.18%
1Y
VLT
+7.14%
Winner
SPY
+25.79%
5Y(CAGR)
VLT
+3.64%
Winner
SPY
+13.32%
10Y(CAGR)
VLT
+6.32%
Winner
SPY
+15.19%
Max(CAGR)
VLT
+4.64%
Winner
SPY
+8.47%

VLT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearVLTSPY
2026-2.88%+8.26%
2025+12.18%+18.00%
2024+17.02%+25.59%
2023+11.69%+26.72%
2022-21.04%-18.64%
2021+15.48%+30.52%
2020+4.10%+17.28%
2019+22.21%+31.09%
2018-8.36%-5.24%
2017+10.01%+20.78%
2016+20.89%+13.59%
2015-6.86%+1.31%
2014+1.42%+14.56%
2013-0.88%+29.00%
2012+20.14%+14.17%
2011+4.01%+0.85%
2010+21.40%+13.14%
2009+70.49%+22.67%
2008-44.53%-36.25%
2007-2.11%+5.32%
2006+6.72%+13.85%
2005-12.24%+5.32%
2004+9.55%+10.75%
2003+39.84%+24.18%
2002-20.90%-22.42%
2001+13.31%-10.13%
2000+1.04%-8.84%
1999-21.37%+8.61%

VLT vs SPY Drawdown Comparison

The maximum drawdown for VLT was -69.48%, occurring on Nov 21, 2008. Recovery took 1156 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current VLT drawdown is -4.26%. The current SPY drawdown is -2.90%.

RankVLTSPY
#1-69.48%
Aug 1, 2005 - Mar 5, 2010		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-41.97%
Jan 17, 2020 - Dec 1, 2020		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-39.90%
Aug 9, 2001 - Oct 12, 2004		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-30.42%
Sep 1, 2021 - Aug 20, 2024		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-28.75%
Nov 9, 1999 - Feb 2, 2001		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-20.07%
Jul 11, 2014 - Aug 9, 2016		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-15.50%
Feb 5, 2001 - Aug 1, 2001		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-15.18%
May 13, 2013 - May 8, 2014		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-13.50%
Mar 1, 2005 - Jul 28, 2005		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-13.42%
Dec 4, 2024 - Jun 24, 2025		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-12.52%
Jun 9, 2011 - Jan 23, 2012		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-12.31%
Oct 10, 2017 - Jan 29, 2019		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-11.23%
Nov 9, 2010 - May 12, 2011		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-10.89%
Jul 12, 2010 - Oct 21, 2010		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-10.70%
Apr 27, 2010 - Jun 21, 2010		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VLT and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94
-101

Dividend Comparison (1999 - 2026)

VLT vs SPY dividend yield comparison.

YearVLTSPY
20264.46%0.24%
202510.27%1.07%
202410.55%1.21%
202311.13%1.40%
202211.27%1.65%
20218.06%1.20%
20208.51%1.52%
20198.10%1.75%
20188.44%2.04%
20177.00%1.80%
20168.06%2.03%
20159.71%2.06%
20148.68%1.87%
20138.62%1.81%
20128.07%2.18%
20118.98%2.05%
20109.69%1.80%
20099.70%1.95%
200817.05%3.02%
20079.09%1.85%
20068.93%1.73%
200510.72%1.73%
20048.64%1.82%
20038.94%1.47%
200215.23%1.70%
200112.83%1.25%
20005.69%1.15%
19990.00%0.24%

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