ADME vs. PHDG
Compare and contrast key facts about Aptus Drawdown Managed Equity ETF (ADME) and Invesco S&P 500 Downside Hedged ETF (PHDG).
ADME and PHDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADME is a passively managed fund by Aptus Capital Advisors that tracks the performance of the Aptus Behavioral Momentum Index. It was launched on Jun 8, 2016. PHDG is a passively managed fund by Invesco that tracks the performance of the S&P 500 Dynamic VEQTOR Index. It was launched on Dec 6, 2012. Both ADME and PHDG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ADME vs. PHDG - Performance Comparison
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ADME vs. PHDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | -3.52% | 10.28% | 22.11% | 15.42% | -21.80% | 20.24% | 18.21% | 9.31% | -6.05% | 17.58% |
PHDG Invesco S&P 500 Downside Hedged ETF | 1.32% | 2.72% | 10.95% | 8.18% | -14.09% | 15.67% | 18.97% | 8.57% | -2.44% | 15.89% |
Returns By Period
In the year-to-date period, ADME achieves a -3.52% return, which is significantly lower than PHDG's 1.32% return.
ADME
- 1D
- 2.21%
- 1M
- -4.50%
- YTD
- -3.52%
- 6M
- -2.99%
- 1Y
- 11.79%
- 3Y*
- 13.26%
- 5Y*
- 6.59%
- 10Y*
- —
PHDG
- 1D
- 1.24%
- 1M
- -0.47%
- YTD
- 1.32%
- 6M
- 2.31%
- 1Y
- 5.85%
- 3Y*
- 6.85%
- 5Y*
- 3.87%
- 10Y*
- 5.84%
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ADME vs. PHDG - Expense Ratio Comparison
ADME has a 0.79% expense ratio, which is higher than PHDG's 0.39% expense ratio.
Return for Risk
ADME vs. PHDG — Risk / Return Rank
ADME
PHDG
ADME vs. PHDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus Drawdown Managed Equity ETF (ADME) and Invesco S&P 500 Downside Hedged ETF (PHDG). 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.
| ADME | PHDG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.56 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.78 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.74 | +0.61 |
Martin ratioReturn relative to average drawdown | 5.54 | 2.08 | +3.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADME | PHDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.56 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.36 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.46 | +0.08 |
Correlation
The correlation between ADME and PHDG is 0.58, 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.
Dividends
ADME vs. PHDG - Dividend Comparison
ADME's dividend yield for the trailing twelve months is around 0.42%, less than PHDG's 2.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.42% | 0.38% | 0.47% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% | 0.00% |
PHDG Invesco S&P 500 Downside Hedged ETF | 2.09% | 2.10% | 1.94% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.64% |
Drawdowns
ADME vs. PHDG - Drawdown Comparison
The maximum ADME drawdown since its inception was -27.49%, which is greater than PHDG's maximum drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for ADME and PHDG.
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Drawdown Indicators
| ADME | PHDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.49% | -17.70% | -9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -9.08% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -23.43% | -17.06% | -6.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.06% | — |
Current DrawdownCurrent decline from peak | -5.44% | -2.18% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -6.32% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.26% | -1.07% |
Volatility
ADME vs. PHDG - Volatility Comparison
Aptus Drawdown Managed Equity ETF (ADME) has a higher volatility of 4.03% compared to Invesco S&P 500 Downside Hedged ETF (PHDG) at 2.76%. This indicates that ADME's price experiences larger fluctuations and is considered to be riskier than PHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADME | PHDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 2.76% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 6.33% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 10.61% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 10.91% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 11.89% | +2.56% |