CRIT vs. SPHQ
Compare and contrast key facts about Optica Rare Earths & Critical Materials ETF (CRIT) and Invesco S&P 500® Quality ETF (SPHQ).
CRIT and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRIT is a passively managed fund by CRIT that tracks the performance of the EQM Rare Earths & Critical Materials Index - Benchmark TR Net. It was launched on Mar 28, 2022. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005. Both CRIT and SPHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRIT or SPHQ.
Key characteristics
| CRIT | SPHQ | |
|---|---|---|
| YTD Return | -10.49% | 24.18% |
| 1Y Return | -9.80% | 29.58% |
| Sharpe Ratio | -0.27 | 2.44 |
| Daily Std Dev | 27.19% | 12.47% |
| Max Drawdown | -37.25% | -57.83% |
| Current Drawdown | -32.09% | 0.00% |
Correlation
The correlation between CRIT and SPHQ is 0.61, 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.
Performance
CRIT vs. SPHQ - Performance Comparison
In the year-to-date period, CRIT achieves a -10.49% return, which is significantly lower than SPHQ's 24.18% 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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CRIT vs. SPHQ - Expense Ratio Comparison
CRIT has a 0.85% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
CRIT vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Optica Rare Earths & Critical Materials ETF (CRIT) and Invesco S&P 500® Quality ETF (SPHQ). 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.
Dividends
CRIT vs. SPHQ - Dividend Comparison
CRIT's dividend yield for the trailing twelve months is around 3.04%, more than SPHQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRIT Optica Rare Earths & Critical Materials ETF | 3.04% | 2.72% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500® Quality ETF | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% | 1.66% | 1.99% |
Drawdowns
CRIT vs. SPHQ - Drawdown Comparison
The maximum CRIT drawdown since its inception was -37.25%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for CRIT and SPHQ. For additional features, visit the drawdowns tool.
Volatility
CRIT vs. SPHQ - Volatility Comparison
Optica Rare Earths & Critical Materials ETF (CRIT) has a higher volatility of 10.85% compared to Invesco S&P 500® Quality ETF (SPHQ) at 3.86%. This indicates that CRIT's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.