CRDO vs. SPHD

Last updated Aug 1, 2026

CRDO (Credo Technology Group Holding Ltd) is a stock, while SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) is Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Over the past 3 years, CRDO returned 130.87%/yr vs 12.02%/yr for SPHD. Their 0.05 correlation means their historical movements had little consistent relationship.

Performance

CRDO vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credo Technology Group Holding Ltd (CRDO) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRDO achieves a 43.85% return, which is significantly higher than SPHD's 12.28% return.

CRDO

• 1D: 2.94%
• 1M: -14.44%
• 6M: 65.22%
• YTD: 43.85%
• 1Y: 92.44%
• 3Y*: 130.87%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 87.78%

SPHD

• 1D: -0.19%
• 1M: 0.89%
• 6M: 6.75%
• YTD: 12.28%
• 1Y: 15.51%
• 3Y*: 12.02%
• 5Y*: 8.00%
• 10Y*: 7.28%
• ALL TIME*: 9.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRDO Credo Technology Group Holding Ltd	$1.17B	$1.40B	$1.87B
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	$45.09M	$45.47M	$42.29M

CRDO vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CRDO Credo Technology Group Holding Ltd	43.85%	114.09%	245.20%	46.28%	10.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	12.28%	3.41%	18.08%	1.32%	1.96%

Correlation

The correlation between CRDO and SPHD is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.26
Correlation (3Y) Balances recent behavior with more history.	-0.09
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.05

The correlation between CRDO and SPHD shifts across timeframes, from -0.26 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CRDO vs. SPHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRDO

CRDO Risk / Return Rank: 74
CRDO Sharpe Ratio Rank: 74
CRDO Sortino Ratio Rank: 75
CRDO Omega Ratio Rank: 70
CRDO Calmar Ratio Rank: 75
CRDO Martin Ratio Rank: 74

SPHD

SPHD Risk / Return Rank: 53
SPHD Sharpe Ratio Rank: 54
SPHD Sortino Ratio Rank: 58
SPHD Omega Ratio Rank: 49
SPHD Calmar Ratio Rank: 60
SPHD Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRDO vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credo Technology Group Holding Ltd (CRDO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CRDO	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.30	-0.36
Sortino ratio: Return per unit of downside risk	1.73	1.97	-0.23
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.61	2.08	-0.48
Martin ratio: Return relative to average drawdown	3.65	5.19	-1.55

CRDO vs. SPHD - Sharpe Ratio Comparison

The current CRDO Sharpe Ratio is 0.94, which is comparable to the SPHD Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of CRDO and SPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRDO vs. SPHD - Drawdown Comparison

The maximum CRDO drawdown since its inception was -62.04%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for CRDO and SPHD.

Drawdown Indicators

	CRDO	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-62.04%	-41.39%	-20.65%
Max Drawdown (1Y) Largest decline over 1 year	-53.59%	-7.33%	-46.26%
Max Drawdown (3Y) Largest decline over 3 years	-61.05%	-13.29%	-47.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.39%	—
Current Drawdown Current decline from peak	-31.58%	-2.24%	-29.34%
Average Drawdown Average peak-to-trough decline	-19.39%	-4.66%	-14.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.55%	2.93%	+20.62%

Volatility

CRDO vs. SPHD - Volatility Comparison

Credo Technology Group Holding Ltd (CRDO) has a higher volatility of 29.83% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.63%. This indicates that CRDO'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.

Volatility by Period

	CRDO	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.83%	4.63%	+25.20%
Volatility (6M) Calculated over the trailing 6-month period	73.09%	9.12%	+63.97%
Volatility (1Y) Calculated over the trailing 1-year period	92.00%	11.81%	+80.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.43%	14.24%	+68.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.43%	17.67%	+64.76%

Dividends

CRDO vs. SPHD - Dividend Comparison

CRDO has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 4.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRDO Credo Technology Group Holding Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.56%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%

Frequently Asked Questions

Can I hold both CRDO and SPHD in my portfolio?

CRDO and SPHD have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRDO or SPHD?

CRDO has higher volatility (29.83%) compared to SPHD (4.63%). In terms of maximum drawdown, CRDO dropped -62.04% vs SPHD's -41.39%.

Which has better risk-adjusted returns?

SPHD currently has the higher Sharpe Ratio (1.30 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.