Correlation
The correlation between DIVY and SPHD is 0.59, 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.
DIVY vs. SPHD
Compare and contrast key facts about Tidal ETF Trust - Sound Equity Income ETF (DIVY) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
DIVY and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIVY is an actively managed fund by Sound Income Strategies. It was launched on Dec 30, 2020. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIVY or SPHD.
Performance
DIVY vs. SPHD - Performance Comparison
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Key characteristics
DIVY:
0.05
SPHD:
0.77
DIVY:
0.12
SPHD:
1.14
DIVY:
1.02
SPHD:
1.16
DIVY:
-0.01
SPHD:
0.87
DIVY:
-0.03
SPHD:
2.74
DIVY:
5.20%
SPHD:
4.22%
DIVY:
17.83%
SPHD:
14.70%
DIVY:
-18.23%
SPHD:
-41.39%
DIVY:
-7.58%
SPHD:
-6.61%
Returns By Period
In the year-to-date period, DIVY achieves a -1.91% return, which is significantly lower than SPHD's -0.25% return.
DIVY
-1.91%
3.26%
-7.58%
0.90%
0.93%
N/A
N/A
SPHD
-0.25%
0.41%
-6.61%
11.24%
3.95%
11.80%
8.10%
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DIVY vs. SPHD - Expense Ratio Comparison
DIVY has a 0.45% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
DIVY vs. SPHD — Risk-Adjusted Performance Rank
DIVY
SPHD
DIVY vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tidal ETF Trust - Sound Equity Income ETF (DIVY) 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
DIVY vs. SPHD - Dividend Comparison
DIVY's dividend yield for the trailing twelve months is around 5.12%, more than SPHD's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVY Tidal ETF Trust - Sound Equity Income ETF | 5.12% | 4.77% | 3.69% | 4.60% | 3.29% | 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
DIVY vs. SPHD - Drawdown Comparison
The maximum DIVY drawdown since its inception was -18.23%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for DIVY and SPHD.
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Volatility
DIVY vs. SPHD - Volatility Comparison
Tidal ETF Trust - Sound Equity Income ETF (DIVY) has a higher volatility of 5.48% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.31%. This indicates that DIVY'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.
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