Correlation
The correlation between DIVG and SPHD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
DIVG vs. SPHD
Compare and contrast key facts about Invesco S&P 500 High Dividend Growers ETF (DIVG) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
DIVG and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVG is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Dividend Growth Index - Benchmark TR Gross. It was launched on Dec 4, 2023. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both DIVG and SPHD 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: DIVG or SPHD.
Performance
DIVG vs. SPHD - Performance Comparison
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Key characteristics
DIVG:
0.82
SPHD:
0.77
DIVG:
1.19
SPHD:
1.14
DIVG:
1.17
SPHD:
1.16
DIVG:
0.84
SPHD:
0.87
DIVG:
2.80
SPHD:
2.74
DIVG:
4.51%
SPHD:
4.22%
DIVG:
15.73%
SPHD:
14.70%
DIVG:
-14.94%
SPHD:
-41.39%
DIVG:
-6.06%
SPHD:
-6.61%
Returns By Period
In the year-to-date period, DIVG achieves a 1.50% return, which is significantly higher than SPHD's -0.25% return.
DIVG
1.50%
2.22%
-6.06%
10.82%
N/A
N/A
N/A
SPHD
-0.25%
0.77%
-6.61%
8.87%
3.95%
11.80%
8.10%
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DIVG vs. SPHD - Expense Ratio Comparison
DIVG has a 0.39% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
DIVG vs. SPHD — Risk-Adjusted Performance Rank
DIVG
SPHD
DIVG vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Growers ETF (DIVG) 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.
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Dividends
DIVG vs. SPHD - Dividend Comparison
DIVG's dividend yield for the trailing twelve months is around 4.12%, more than SPHD's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVG Invesco S&P 500 High Dividend Growers ETF | 4.12% | 4.08% | 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 | 3.45% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
Drawdowns
DIVG vs. SPHD - Drawdown Comparison
The maximum DIVG drawdown since its inception was -14.94%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for DIVG and SPHD.
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Volatility
DIVG vs. SPHD - Volatility Comparison
Invesco S&P 500 High Dividend Growers ETF (DIVG) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) have volatilities of 4.46% and 4.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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