DIVY vs. SPHD
DIVY (Tidal ETF Trust - Sound Equity Income ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - DIVY is a Mid Cap Value Equities fund actively managed by Sound Income Strategies, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. DIVY is actively managed, while SPHD is passively managed. Over the past year, DIVY returned 17.06% vs 11.21% for SPHD. Their correlation of 0.81 suggests significant overlap in exposure. DIVY charges 0.45%/yr vs 0.30%/yr for SPHD.
Performance
DIVY vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, DIVY achieves a 8.80% return, which is significantly higher than SPHD's 6.47% return.
DIVY
- 1D
- 0.10%
- 1M
- -0.55%
- YTD
- 8.80%
- 6M
- 8.88%
- 1Y
- 17.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- 0.20%
- 1M
- -0.79%
- YTD
- 6.47%
- 6M
- 6.49%
- 1Y
- 11.21%
- 3Y*
- 12.10%
- 5Y*
- 6.82%
- 10Y*
- 7.38%
DIVY vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIVY Tidal ETF Trust - Sound Equity Income ETF | 8.80% | 7.38% | 3.51% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 6.47% | 3.41% | 10.49% |
Correlation
The correlation between DIVY and SPHD is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2024 | 0.81 |
The correlation between DIVY and SPHD has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
DIVY vs. SPHD — Risk / Return Rank
DIVY
SPHD
DIVY vs. SPHD - Risk-Adjusted Trends 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.
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.
| DIVY | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.54 | +0.35 |
| Martin ratioReturn relative to average drawdown | 5.57 | 3.77 | +1.80 |
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Drawdowns
DIVY vs. SPHD - Drawdown Comparison
The maximum DIVY drawdown since its inception was -18.35%, 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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Drawdown Indicators
| DIVY | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.35% | -41.39% | +23.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -7.33% | -1.73% |
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 | -3.09% | -3.48% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -4.69% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.98% | +0.09% |
Volatility
DIVY vs. SPHD - Volatility Comparison
The current volatility for Tidal ETF Trust - Sound Equity Income ETF (DIVY) is 3.52%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.95%. This indicates that DIVY 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
| DIVY | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.95% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.07% | 7.99% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.00% | 11.39% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 14.14% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 17.67% | -2.04% |
DIVY vs. SPHD - Expense Ratio Comparison
DIVY has a 0.45% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
DIVY vs. SPHD - Dividend Comparison
DIVY's dividend yield for the trailing twelve months is around 3.11%, less than SPHD's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVY Tidal ETF Trust - Sound Equity Income ETF | 3.11% | 3.68% | 2.94% | 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 | 4.97% | 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
DIVY and SPHD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (3.95%) compared to DIVY (3.52%). In terms of maximum drawdown, DIVY dropped -18.35% vs SPHD's -41.39%.
On 1-year performance, DIVY leads with 17.06% vs 11.21% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, DIVY has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIVY has performed better with a 17.06% return vs 11.21%. 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 0.45% for DIVY.
SPHD has the higher dividend yield at 4.97%, compared with 3.11% for DIVY.
DIVY is categorized as Mid Cap Value Equities, while SPHD is Dividend. They also come from different issuers: Sound Income Strategies and Invesco. Their fees differ too: 0.45% for DIVY and 0.30% for SPHD.
DIVY currently has the higher Sharpe Ratio (1.32 vs 0.99), 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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