Correlation
The correlation between EQTY and SPHQ is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
EQTY vs. SPHQ
Compare and contrast key facts about Kovitz Core Equity ETF (EQTY) and Invesco S&P 500® Quality ETF (SPHQ).
EQTY and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQTY is a passively managed fund by Kovitz that tracks the performance of the NONE. It was launched on Dec 28, 2011. 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 EQTY 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: EQTY or SPHQ.
Performance
EQTY vs. SPHQ - Performance Comparison
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Key characteristics
EQTY:
0.77
SPHQ:
0.94
EQTY:
1.07
SPHQ:
1.29
EQTY:
1.15
SPHQ:
1.18
EQTY:
0.70
SPHQ:
0.89
EQTY:
2.52
SPHQ:
3.66
EQTY:
4.80%
SPHQ:
4.03%
EQTY:
17.74%
SPHQ:
17.62%
EQTY:
-17.28%
SPHQ:
-57.83%
EQTY:
-5.32%
SPHQ:
-0.99%
Returns By Period
In the year-to-date period, EQTY achieves a 0.34% return, which is significantly lower than SPHQ's 5.20% return.
EQTY
0.34%
4.61%
-2.27%
13.51%
N/A
N/A
N/A
SPHQ
5.20%
6.27%
2.38%
16.47%
16.02%
16.47%
13.46%
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EQTY vs. SPHQ - Expense Ratio Comparison
EQTY has a 0.99% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
EQTY vs. SPHQ — Risk-Adjusted Performance Rank
EQTY
SPHQ
EQTY vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kovitz Core Equity ETF (EQTY) 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.
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Dividends
EQTY vs. SPHQ - Dividend Comparison
EQTY's dividend yield for the trailing twelve months is around 0.33%, less than SPHQ's 1.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQTY Kovitz Core Equity ETF | 0.33% | 0.33% | 0.26% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500® Quality ETF | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% | 1.66% |
Drawdowns
EQTY vs. SPHQ - Drawdown Comparison
The maximum EQTY drawdown since its inception was -17.28%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for EQTY and SPHQ.
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Volatility
EQTY vs. SPHQ - Volatility Comparison
Kovitz Core Equity ETF (EQTY) has a higher volatility of 4.59% compared to Invesco S&P 500® Quality ETF (SPHQ) at 4.32%. This indicates that EQTY'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.
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