FDV vs. SPHD
FDV (Federated Hermes U.S. Strategic Dividend ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - FDV is a Large Cap Value Equities fund actively managed by Federated, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. FDV is actively managed, while SPHD is passively managed. Their correlation of 0.94 means they have usually moved in the same direction. FDV charges 0.50%/yr vs 0.30%/yr for SPHD.
Performance
FDV vs. SPHD - Performance Comparison
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Returns By Period
FDV
- 1D
- -0.11%
- 1M
- 2.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPHD
- 1D
- -0.19%
- 1M
- 0.89%
- 6M
- 6.75%
- YTD
- 12.28%
- 1Y
- 15.51%
- 3Y*
- 12.02%
- 5Y*
- 8.00%
- 10Y*
- 7.28%
- ALL TIME*
- 9.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.37M | $5.52M | $4.30M | |
| $45.09M | $45.47M | $42.29M |
FDV vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FDV Federated Hermes U.S. Strategic Dividend ETF | 5.51% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 5.19% |
Correlation
The correlation between FDV and SPHD is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 22, 2026 | 0.94 |
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Return for Risk
FDV vs. SPHD — Risk / Return Rank
FDV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPHD
FDV vs. SPHD - Risk-Adjusted Trends 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.
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.
| FDV | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.08 | — |
| Martin ratioReturn relative to average drawdown | — | 5.19 | — |
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Drawdowns
FDV vs. SPHD - Drawdown Comparison
The maximum FDV drawdown since its inception was -3.33%, 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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Drawdown Indicators
| FDV | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.33% | -41.39% | +38.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.33% | — |
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 | -1.54% | -2.24% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -4.66% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.93% | — |
Volatility
FDV vs. SPHD - Volatility Comparison
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Volatility by Period
| FDV | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.81% | 11.81% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 14.24% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.81% | 17.67% | -3.86% |
FDV vs. SPHD - Expense Ratio Comparison
FDV has a 0.50% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
FDV vs. SPHD - Dividend Comparison
FDV's dividend yield for the trailing twelve months is around 0.78%, less than SPHD's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDV Federated Hermes U.S. Strategic Dividend ETF | 0.78% | 0.00% | 0.00% | 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 | 4.56% | 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
With a correlation of 0.94, FDV and SPHD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPHD is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.50% for FDV.
SPHD has the higher dividend yield at 4.56%, compared with 0.78% for FDV.
FDV is categorized as Large Cap Value Equities, while SPHD is Dividend. They also come from different issuers: Federated and Invesco. Their fees differ too: 0.50% for FDV and 0.30% for SPHD.
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