CSTK vs. SPHD
CSTK (Invesco Comstock Contrarian Equity ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - CSTK is a Large Cap Value Equities fund actively managed by Invesco, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. CSTK is actively managed, while SPHD is passively managed. Over the past year, CSTK returned 26.71% vs 8.12% for SPHD. A 0.68 correlation means they provide meaningful diversification when combined. CSTK charges 0.35%/yr vs 0.30%/yr for SPHD.
Performance
CSTK vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, CSTK achieves a 11.29% return, which is significantly higher than SPHD's 4.38% return.
CSTK
- 1D
- 0.07%
- 1M
- 3.59%
- YTD
- 11.29%
- 6M
- 13.04%
- 1Y
- 26.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- -0.89%
- 1M
- -0.82%
- YTD
- 4.38%
- 6M
- 4.63%
- 1Y
- 8.12%
- 3Y*
- 11.42%
- 5Y*
- 5.48%
- 10Y*
- 7.08%
CSTK vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSTK Invesco Comstock Contrarian Equity ETF | 11.29% | 18.33% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.38% | 4.46% |
Correlation
The correlation between CSTK and SPHD is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 8, 2025 | 0.68 |
The correlation between CSTK and SPHD has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.
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Return for Risk
CSTK vs. SPHD — Risk / Return Rank
CSTK
SPHD
CSTK vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Comstock Contrarian Equity ETF (CSTK) 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.
| CSTK | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.13 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 1.11 | +1.91 |
| Martin ratioReturn relative to average drawdown | 11.85 | 2.78 | +9.07 |
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
| CSTK | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 0.74 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.54 | 0.58 | +1.96 |
Drawdowns
CSTK vs. SPHD - Drawdown Comparison
The maximum CSTK drawdown since its inception was -8.87%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for CSTK and SPHD.
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Drawdown Indicators
| CSTK | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.87% | -41.39% | +32.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -7.33% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -0.60% | -5.37% | +4.77% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -4.70% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.93% | -0.67% |
Volatility
CSTK vs. SPHD - Volatility Comparison
The current volatility for Invesco Comstock Contrarian Equity ETF (CSTK) is 2.68%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.99%. This indicates that CSTK experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSTK | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.99% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 7.55% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 11.04% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.60% | 14.16% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.60% | 17.64% | -6.04% |
CSTK vs. SPHD - Expense Ratio Comparison
CSTK has a 0.35% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
CSTK vs. SPHD - Dividend Comparison
CSTK's dividend yield for the trailing twelve months is around 1.77%, less than SPHD's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSTK Invesco Comstock Contrarian Equity ETF | 1.77% | 1.44% | 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 | 4.62% | 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
CSTK and SPHD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (2.99%) compared to CSTK (2.68%). In terms of maximum drawdown, CSTK dropped -8.87% vs SPHD's -41.39%.
On 1-year performance, CSTK leads with 26.71% vs 8.12% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, CSTK has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSTK has performed better with a 26.71% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.35% for CSTK.
SPHD has the higher dividend yield at 4.62%, compared with 1.77% for CSTK.
CSTK is categorized as Large Cap Value Equities, while SPHD is Dividend. Their fees differ too: 0.35% for CSTK and 0.30% for SPHD.
CSTK currently has the higher Sharpe Ratio (2.38 vs 0.74), 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.
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