Correlation
The correlation between FDIV and SPHD is 0.44, 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.
FDIV vs. SPHD
Compare and contrast key facts about First Trust Strategic Income ETF (FDIV) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
FDIV and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIV is an actively managed fund by First Trust. It was launched on Aug 13, 2014. 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: FDIV or SPHD.
Performance
FDIV vs. SPHD - Performance Comparison
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Key characteristics
FDIV:
-0.11
SPHD:
0.77
FDIV:
-0.06
SPHD:
1.14
FDIV:
0.99
SPHD:
1.16
FDIV:
-0.12
SPHD:
0.87
FDIV:
-0.35
SPHD:
2.74
FDIV:
6.39%
SPHD:
4.22%
FDIV:
17.68%
SPHD:
14.70%
FDIV:
-18.60%
SPHD:
-41.39%
FDIV:
-10.71%
SPHD:
-6.61%
Returns By Period
In the year-to-date period, FDIV achieves a -4.35% return, which is significantly lower than SPHD's -0.25% return.
FDIV
-4.35%
2.41%
-9.95%
-1.86%
N/A
N/A
N/A
SPHD
-0.25%
0.41%
-6.61%
11.24%
3.95%
11.80%
8.10%
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FDIV vs. SPHD - Expense Ratio Comparison
FDIV has a 0.87% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
FDIV vs. SPHD — Risk-Adjusted Performance Rank
FDIV
SPHD
FDIV vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Strategic Income ETF (FDIV) 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
FDIV vs. SPHD - Dividend Comparison
FDIV's dividend yield for the trailing twelve months is around 2.91%, less than SPHD's 3.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIV First Trust Strategic Income ETF | 2.91% | 2.90% | 0.61% | 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
FDIV vs. SPHD - Drawdown Comparison
The maximum FDIV drawdown since its inception was -18.60%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for FDIV and SPHD.
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Volatility
FDIV vs. SPHD - Volatility Comparison
First Trust Strategic Income ETF (FDIV) has a higher volatility of 6.01% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.31%. This indicates that FDIV'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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