Correlation
The correlation between FDV and SPHD is 0.54, 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.
FDV vs. SPHD
Compare and contrast key facts about Federated Hermes U.S. Strategic Dividend ETF (FDV) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
FDV and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDV is an actively managed fund by Federated. It was launched on Nov 15, 2022. 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: FDV or SPHD.
Performance
FDV vs. SPHD - Performance Comparison
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Key characteristics
FDV:
0.82
SPHD:
0.66
FDV:
0.94
SPHD:
0.76
FDV:
1.13
SPHD:
1.11
FDV:
0.74
SPHD:
0.55
FDV:
2.54
SPHD:
1.75
FDV:
3.63%
SPHD:
4.14%
FDV:
14.71%
SPHD:
14.71%
FDV:
-16.70%
SPHD:
-41.39%
FDV:
-5.88%
SPHD:
-7.83%
Returns By Period
In the year-to-date period, FDV achieves a 1.96% return, which is significantly higher than SPHD's -1.55% return.
FDV
1.96%
1.39%
-3.41%
11.60%
N/A
N/A
N/A
SPHD
-1.55%
-0.73%
-6.73%
9.44%
3.88%
12.54%
7.94%
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FDV vs. SPHD - Expense Ratio Comparison
FDV has a 0.50% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
FDV vs. SPHD — Risk-Adjusted Performance Rank
FDV
SPHD
FDV vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes U.S. Strategic Dividend ETF (FDV) 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
FDV vs. SPHD - Dividend Comparison
FDV's dividend yield for the trailing twelve months is around 3.13%, less than SPHD's 3.49% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDV Federated Hermes U.S. Strategic Dividend ETF | 3.13% | 3.12% | 3.54% | 0.18% | 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 | 3.49% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
Drawdowns
FDV vs. SPHD - Drawdown Comparison
The maximum FDV drawdown since its inception was -16.70%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for FDV and SPHD.
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Volatility
FDV vs. SPHD - Volatility Comparison
Federated Hermes U.S. Strategic Dividend ETF (FDV) has a higher volatility of 4.20% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.94%. This indicates that FDV'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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