GGME vs. SPHQ

Last updated Jun 25, 2026

GGME (Invesco Next Gen Media and Gaming ETF) and SPHQ (Invesco S&P 500 Quality ETF) are both exchange-traded funds - GGME is a Technology Equities fund tracking the STOXX World AC NexGen Media Index - Benchmark TR Gross, while SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index. Both are passively managed. Over the past 10 years, GGME returned 10.01%/yr vs 15.47%/yr for SPHQ. A 0.75 correlation means they provide meaningful diversification when combined. GGME charges 0.60%/yr vs 0.15%/yr for SPHQ.

Performance

GGME vs. SPHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Next Gen Media and Gaming ETF (GGME) and Invesco S&P 500 Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGME achieves a -1.63% return, which is significantly lower than SPHQ's 16.64% return. Over the past 10 years, GGME has underperformed SPHQ with an annualized return of 10.01%, while SPHQ has yielded a comparatively higher 15.47% 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%

SPHQ

• 1D: 0.09%
• 1M: 3.04%
• YTD: 16.64%
• 6M: 14.67%
• 1Y: 24.86%
• 3Y*: 22.38%
• 5Y*: 14.00%
• 10Y*: 15.47%

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

GGME vs. SPHQ - 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%
SPHQ Invesco S&P 500 Quality ETF	16.64%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.10%	19.10%

Correlation

The correlation between GGME and SPHQ is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 6, 2005	0.75

The correlation between GGME and SPHQ shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

GGME vs. SPHQ - Sectors Allocation Comparison

Sectors	GGME	SPHQ
Technology	67.3%	32.0%
Communication Services	28.8%	2.5%
Consumer Cyclical	3.1%	4.4%
Financial Services	0.3%	12.4%
Industrials	0.2%	22.7%
Basic Materials	-	2.1%
Consumer Defensive	-	14.4%
Energy	-	0.6%
Healthcare	-	8.0%
Real Estate	-	-
Utilities	-	0.9%

Return for Risk

GGME vs. SPHQ — Risk / Return Rank

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

GGME

GGME Risk / Return Rank: 8
GGME Sharpe Ratio Rank: 8
GGME Sortino Ratio Rank: 8
GGME Omega Ratio Rank: 8
GGME Calmar Ratio Rank: 9
GGME Martin Ratio Rank: 8

SPHQ

SPHQ Risk / Return Rank: 64
SPHQ Sharpe Ratio Rank: 63
SPHQ Sortino Ratio Rank: 64
SPHQ Omega Ratio Rank: 59
SPHQ Calmar Ratio Rank: 63
SPHQ Martin Ratio Rank: 72

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.

GGME vs. SPHQ - 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 Quality ETF (SPHQ). 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	SPHQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.87	-1.94
Sortino ratio: Return per unit of downside risk	0.03	2.65	-2.62
Omega ratio: Gain probability vs. loss probability	1.00	1.33	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.06	2.81	-2.87
Martin ratio: Return relative to average drawdown	-0.13	11.97	-12.11

GGME vs. SPHQ - Sharpe Ratio Comparison

The current GGME Sharpe Ratio is -0.08, which is lower than the SPHQ Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of GGME and SPHQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GGME vs. SPHQ - Drawdown Comparison

The maximum GGME drawdown since its inception was -69.13%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for GGME and SPHQ.

Drawdown Indicators

	GGME	SPHQ	Difference
Max Drawdown Largest peak-to-trough decline	-69.13%	-57.83%	-11.30%
Max Drawdown (1Y) Largest decline over 1 year	-25.23%	-8.90%	-16.33%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-16.57%	-8.66%
Max Drawdown (5Y) Largest decline over 5 years	-44.90%	-25.04%	-19.86%
Max Drawdown (10Y) Largest decline over 10 years	-46.35%	-31.60%	-14.75%
Current Drawdown Current decline from peak	-11.11%	-2.84%	-8.27%
Average Drawdown Average peak-to-trough decline	-14.52%	-10.67%	-3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.41%	2.08%	+9.33%

Volatility

GGME vs. SPHQ - Volatility Comparison

Invesco Next Gen Media and Gaming ETF (GGME) has a higher volatility of 8.23% compared to Invesco S&P 500 Quality ETF (SPHQ) at 5.80%. This indicates that GGME's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGME	SPHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.23%	5.80%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	11.30%	+4.72%
Volatility (1Y) Calculated over the trailing 1-year period	19.78%	13.41%	+6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.36%	16.59%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.22%	17.91%	+5.31%

GGME vs. SPHQ - Expense Ratio Comparison

GGME has a 0.60% expense ratio, which is higher than SPHQ's 0.15% expense ratio.

Dividends

GGME vs. SPHQ - Dividend Comparison

GGME's dividend yield for the trailing twelve months is around 0.02%, less than SPHQ's 1.07% 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%
SPHQ Invesco S&P 500 Quality ETF	1.07%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Frequently Asked Questions

Can I hold both GGME and SPHQ in my portfolio?

GGME and SPHQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GGME or SPHQ?

GGME has higher volatility (8.23%) compared to SPHQ (5.80%). In terms of maximum drawdown, GGME dropped -69.13% vs SPHQ's -57.83%.

Which ETF is better, GGME or SPHQ?

On 10-year performance, SPHQ leads with 15.47% vs 10.01% for GGME. On fees, SPHQ is cheaper at 0.15% per year. On volatility, SPHQ has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GGME or SPHQ?

Over the 10-year period, SPHQ has performed better with a 15.47% return vs 10.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GGME or SPHQ?

SPHQ is cheaper with a 0.15% expense ratio, compared with 0.60% for GGME.

Which ETF pays a higher dividend yield, GGME or SPHQ?

SPHQ has the higher dividend yield at 1.07%, compared with 0.02% for GGME.

What is the main difference between GGME and SPHQ?

GGME is categorized as Technology Equities, while SPHQ is S&P 500. GGME tracks STOXX World AC NexGen Media Index - Benchmark TR Gross, while SPHQ tracks S&P 500 Quality Index. Their fees differ too: 0.60% for GGME and 0.15% for SPHQ.

Which has better risk-adjusted returns?

SPHQ currently has the higher Sharpe Ratio (1.87 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.