GGRP.L vs. SPHD

Last updated Jun 14, 2026

GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 5 years, GGRP.L returned 8.98%/yr vs 7.58%/yr for SPHD. At a 0.42 correlation, their price movements are largely independent. GGRP.L charges 0.38%/yr vs 0.30%/yr for SPHD.

Performance

GGRP.L vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GGRP.L is traded in GBp, while SPHD is traded in USD. To make them comparable, the SPHD values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, GGRP.L achieves a 4.96% return, which is significantly lower than SPHD's 10.30% return.

GGRP.L

• 1D: 1.23%
• 1M: 1.31%
• YTD: 4.96%
• 6M: 5.26%
• 1Y: 17.19%
• 3Y*: 10.37%
• 5Y*: 8.98%
• 10Y*: —

SPHD

• 1D: 1.19%
• 1M: 4.58%
• YTD: 10.30%
• 6M: 9.19%
• 1Y: 15.40%
• 3Y*: 10.08%
• 5Y*: 7.58%
• 10Y*: 8.20%

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

GGRP.L vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD	4.96%	8.49%	11.07%	11.60%	-3.21%	20.97%	11.56%	28.30%	-5.39%	17.37%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	10.30%	-3.96%	20.14%	-3.75%	12.54%	26.17%	-12.62%	15.68%	-0.61%	2.23%

Correlation

The correlation between GGRP.L and SPHD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 2, 2016	0.42

The correlation between GGRP.L and SPHD shifts across timeframes, from 0.27 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GGRP.L vs. SPHD — Risk / Return Rank

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

GGRP.L

GGRP.L Risk / Return Rank: 52
GGRP.L Sharpe Ratio Rank: 54
GGRP.L Sortino Ratio Rank: 57
GGRP.L Omega Ratio Rank: 55
GGRP.L Calmar Ratio Rank: 44
GGRP.L Martin Ratio Rank: 50

SPHD

SPHD Risk / Return Rank: 36
SPHD Sharpe Ratio Rank: 36
SPHD Sortino Ratio Rank: 38
SPHD Omega Ratio Rank: 32
SPHD Calmar Ratio Rank: 40
SPHD Martin Ratio Rank: 33

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.

GGRP.L vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) 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.

	GGRP.L	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.30	+0.31
Sortino ratio: Return per unit of downside risk	2.40	2.02	+0.38
Omega ratio: Gain probability vs. loss probability	1.30	1.22	+0.08
Calmar ratio: Return relative to maximum drawdown	1.92	2.13	-0.21
Martin ratio: Return relative to average drawdown	7.40	5.25	+2.15

GGRP.L vs. SPHD - Sharpe Ratio Comparison

The current GGRP.L Sharpe Ratio is 1.61, which is comparable to the SPHD Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of GGRP.L and SPHD, 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

GGRP.L vs. SPHD - Drawdown Comparison

The maximum GGRP.L drawdown since its inception was -22.60%, smaller than the maximum SPHD drawdown of -34.51%. Use the drawdown chart below to compare losses from any high point for GGRP.L and SPHD.

Drawdown Indicators

	GGRP.L	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-22.60%	-34.51%	+11.91%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-6.91%	-1.68%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-14.43%	-1.82%
Max Drawdown (5Y) Largest decline over 5 years	-16.25%	-17.64%	+1.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.51%	—
Current Drawdown Current decline from peak	-0.26%	-0.52%	+0.26%
Average Drawdown Average peak-to-trough decline	-3.89%	-5.71%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.80%	-0.57%

Volatility

GGRP.L vs. SPHD - Volatility Comparison

The current volatility for WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) is 3.02%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 3.54%. This indicates that GGRP.L experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGRP.L	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	3.54%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	8.59%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	11.31%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.02%	13.75%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.88%	17.86%	-2.98%

GGRP.L vs. SPHD - Expense Ratio Comparison

GGRP.L has a 0.38% expense ratio, which is higher than SPHD's 0.30% expense ratio.

Dividends

GGRP.L vs. SPHD - Dividend Comparison

GGRP.L's dividend yield for the trailing twelve months is around 1.13%, less than SPHD's 4.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD	1.13%	1.23%	1.61%	1.84%	2.42%	1.60%	0.84%	0.78%	2.14%	1.42%	0.00%	0.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.40%	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

Can I hold both GGRP.L and SPHD in my portfolio?

GGRP.L and SPHD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGRP.L or SPHD?

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.

Which ETF is cheaper, GGRP.L or SPHD?

SPHD is cheaper with a 0.30% expense ratio, compared with 0.38% for GGRP.L.

What is the main difference between GGRP.L and SPHD?

GGRP.L is categorized as Global Equities, while SPHD is Dividend. GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth, while SPHD tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.38% for GGRP.L and 0.30% for SPHD.