FOJCY vs. SPHD

Last updated Apr 1, 2026

Compare and contrast key facts about Fortum Oyj ADR (FOJCY) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).

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.

Performance

FOJCY vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fortum Oyj ADR (FOJCY) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

FOJCY vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOJCY Fortum Oyj ADR	11.45%	79.68%	2.92%	-5.53%	-44.41%	40.46%	3.42%	29.28%	13.34%	56.58%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.64%	3.41%	18.08%	1.32%	0.58%	24.98%	-9.98%	20.26%	-6.17%	11.90%

Returns By Period

In the year-to-date period, FOJCY achieves a 11.45% return, which is significantly higher than SPHD's 4.64% return. Over the past 10 years, FOJCY has outperformed SPHD with an annualized return of 15.65%, while SPHD has yielded a comparatively lower 7.24% annualized return.

FOJCY

• 1D: -0.20%
• 1M: 5.65%
• YTD: 11.45%
• 6M: 30.57%
• 1Y: 64.73%
• 3Y*: 27.95%
• 5Y*: 5.34%
• 10Y*: 15.65%

SPHD

• 1D: 0.55%
• 1M: -4.99%
• YTD: 4.64%
• 6M: 2.81%
• 1Y: 3.20%
• 3Y*: 9.99%
• 5Y*: 7.05%
• 10Y*: 7.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FOJCY vs. SPHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FOJCY

FOJCY Risk / Return Rank: 82
FOJCY Sharpe Ratio Rank: 81
FOJCY Sortino Ratio Rank: 77
FOJCY Omega Ratio Rank: 73
FOJCY Calmar Ratio Rank: 90
FOJCY Martin Ratio Rank: 88

SPHD

SPHD Risk / Return Rank: 20
SPHD Sharpe Ratio Rank: 19
SPHD Sortino Ratio Rank: 18
SPHD Omega Ratio Rank: 18
SPHD Calmar Ratio Rank: 22
SPHD Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FOJCY vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortum Oyj ADR (FOJCY) 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.

	FOJCY	SPHD	Difference
Sharpe ratio Return per unit of total volatility	1.34	0.22	+1.12
Sortino ratio Return per unit of downside risk	1.93	0.41	+1.52
Omega ratio Gain probability vs. loss probability	1.23	1.05	+0.18
Calmar ratio Return relative to maximum drawdown	3.93	0.38	+3.55
Martin ratio Return relative to average drawdown	9.60	1.22	+8.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FOJCY vs. SPHD - Sharpe Ratio Comparison

The current FOJCY Sharpe Ratio is 1.34, which is higher than the SPHD Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of FOJCY and SPHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FOJCY	SPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	0.22	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.50	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.41	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.59	-0.37

Correlation

The correlation between FOJCY and SPHD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

FOJCY vs. SPHD - Dividend Comparison

FOJCY's dividend yield for the trailing twelve months is around 6.23%, more than SPHD's 4.31% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOJCY Fortum Oyj ADR	6.23%	6.94%	9.39%	6.74%	7.57%	4.22%	7.37%	4.88%	6.47%	11.86%	16.86%	9.06%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.31%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%

Drawdowns

FOJCY vs. SPHD - Drawdown Comparison

The maximum FOJCY drawdown since its inception was -70.67%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for FOJCY and SPHD.

Drawdown Indicators

	FOJCY	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-70.67%	-41.39%	-29.28%
Max Drawdown (1Y) Largest decline over 1 year	-16.34%	-11.33%	-5.01%
Max Drawdown (5Y) Largest decline over 5 years	-70.67%	-19.50%	-51.17%
Max Drawdown (10Y) Largest decline over 10 years	-70.67%	-41.39%	-29.28%
Current Drawdown Current decline from peak	-4.88%	-5.14%	+0.26%
Average Drawdown Average peak-to-trough decline	-25.23%	-4.70%	-20.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.69%	3.67%	+3.02%

Volatility

FOJCY vs. SPHD - Volatility Comparison

Fortum Oyj ADR (FOJCY) has a higher volatility of 16.25% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.21%. This indicates that FOJCY'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.

Volatility by Period

	FOJCY	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.25%	3.21%	+13.04%
Volatility (6M) Calculated over the trailing 6-month period	35.00%	7.91%	+27.09%
Volatility (1Y) Calculated over the trailing 1-year period	48.47%	14.51%	+33.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.15%	14.20%	+33.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.41%	17.65%	+24.76%