GGME vs. SPHD
GGME (Invesco Next Gen Media and Gaming ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - GGME is a Technology Equities fund tracking the STOXX World AC NexGen Media Index - Benchmark TR Gross, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, GGME returned 10.01%/yr vs 7.55%/yr for SPHD. At a 0.48 correlation, their price movements are largely independent. GGME charges 0.60%/yr vs 0.30%/yr for SPHD.
Performance
GGME vs. SPHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GGME achieves a -1.63% return, which is significantly lower than SPHD's 8.15% return. Over the past 10 years, GGME has outperformed SPHD with an annualized return of 10.01%, while SPHD has yielded a comparatively lower 7.55% annualized return.
GGME
- 1D
- -0.82%
- 1M
- -4.84%
- YTD
- -1.63%
- 6M
- -2.07%
- 1Y
- -1.50%
- 3Y*
- 20.67%
- 5Y*
- 1.68%
- 10Y*
- 10.01%
SPHD
- 1D
- -0.04%
- 1M
- 0.78%
- YTD
- 8.15%
- 6M
- 7.75%
- 1Y
- 11.57%
- 3Y*
- 12.69%
- 5Y*
- 6.90%
- 10Y*
- 7.55%
GGME vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | -1.63% | 16.39% | 32.67% | 23.76% | -36.43% | 10.68% | 36.26% | 20.28% | 1.97% | 7.61% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.15% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between GGME and SPHD is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.48 |
The correlation between GGME and SPHD shifts across timeframes, from -0.03 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GGME vs. SPHD — Risk / Return Rank
GGME
SPHD
GGME vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) 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.
| GGME | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 1.59 | -1.64 |
| Martin ratioReturn relative to average drawdown | -0.13 | 3.89 | -4.02 |
Loading charts...
Drawdowns
GGME vs. SPHD - Drawdown Comparison
The maximum GGME drawdown since its inception was -69.13%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for GGME and SPHD.
Loading charts...
Drawdown Indicators
| GGME | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -41.39% | -27.74% |
Max Drawdown (1Y)Largest decline over 1 year | -25.23% | -7.33% | -17.90% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -13.29% | -11.94% |
Max Drawdown (5Y)Largest decline over 5 years | -44.90% | -19.50% | -25.40% |
Max Drawdown (10Y)Largest decline over 10 years | -46.35% | -41.39% | -4.96% |
Current DrawdownCurrent decline from peak | -11.11% | -1.95% | -9.16% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -4.69% | -9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.41% | 2.99% | +8.42% |
Volatility
GGME vs. SPHD - Volatility Comparison
Invesco Next Gen Media and Gaming ETF (GGME) has a higher volatility of 8.23% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.23%. This indicates that GGME'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.
Loading charts...
Volatility by Period
| GGME | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 4.23% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 8.10% | +7.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.78% | 11.45% | +8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.36% | 14.16% | +10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 17.64% | +5.58% |
GGME vs. SPHD - Expense Ratio Comparison
GGME has a 0.60% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
GGME vs. SPHD - Dividend Comparison
GGME's dividend yield for the trailing twelve months is around 0.02%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 0.02% | 0.17% | 0.08% | 2.31% | 0.76% | 0.39% | 0.38% | 0.50% | 0.93% | 0.33% | 0.16% | 1.11% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 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
GGME and SPHD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGME has higher volatility (8.23%) compared to SPHD (4.23%). In terms of maximum drawdown, GGME dropped -69.13% vs SPHD's -41.39%.
On 10-year performance, GGME leads with 10.01% vs 7.55% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GGME has performed better with a 10.01% return vs 7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.60% for GGME.
SPHD has the higher dividend yield at 4.60%, compared with 0.02% for GGME.
GGME is categorized as Technology Equities, while SPHD is Dividend. GGME tracks STOXX World AC NexGen Media Index - Benchmark TR Gross, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.60% for GGME and 0.30% for SPHD.
SPHD currently has the higher Sharpe Ratio (1.02 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GGME and SPHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer