HR vs. SPHD

Last updated Aug 1, 2026

HR (Healthcare Realty Trust Incorporated) is a stock, while SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) is Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Over the past 10 years, HR returned 3.29%/yr vs 7.28%/yr for SPHD. Their 0.53 correlation means they have sometimes moved together and sometimes differently.

Performance

HR vs. SPHD - Performance Comparison

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

Returns By Period

In the year-to-date period, HR achieves a 27.09% return, which is significantly higher than SPHD's 12.28% return. Over the past 10 years, HR has underperformed SPHD with an annualized return of 3.29%, while SPHD has yielded a comparatively higher 7.28% annualized return.

HR

• 1D: -2.42%
• 1M: 1.94%
• 6M: 28.31%
• YTD: 27.09%
• 1Y: 33.92%
• 3Y*: 9.70%
• 5Y*: 2.74%
• 10Y*: 3.29%
• ALL TIME*: 8.69%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HR Healthcare Realty Trust Incorporated	$84.13M	$80.36M	$89.23M
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	$45.09M	$45.47M	$42.29M

HR vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HR Healthcare Realty Trust Incorporated	27.09%	6.88%	6.40%	-4.08%	-19.28%	16.06%	-4.68%	26.64%	-7.61%	10.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	12.28%	3.41%	18.08%	1.32%	0.58%	24.98%	-9.98%	20.26%	-6.17%	11.90%

Correlation

The correlation between HR and SPHD is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012	0.53

The correlation between HR and SPHD has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

Return for Risk

HR vs. SPHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HR

HR Risk / Return Rank: 91
HR Sharpe Ratio Rank: 93
HR Sortino Ratio Rank: 93
HR Omega Ratio Rank: 91
HR Calmar Ratio Rank: 90
HR Martin Ratio Rank: 89

SPHD

SPHD Risk / Return Rank: 53
SPHD Sharpe Ratio Rank: 54
SPHD Sortino Ratio Rank: 58
SPHD Omega Ratio Rank: 49
SPHD Calmar Ratio Rank: 60
SPHD Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HR vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Healthcare Realty Trust Incorporated (HR) 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.

	HR	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.30	+0.81
Sortino ratio: Return per unit of downside risk	3.02	1.97	+1.06
Omega ratio: Gain probability vs. loss probability	1.37	1.22	+0.15
Calmar ratio: Return relative to maximum drawdown	3.61	2.08	+1.53
Martin ratio: Return relative to average drawdown	9.04	5.19	+3.85

HR vs. SPHD - Sharpe Ratio Comparison

The current HR Sharpe Ratio is 2.10, which is higher than the SPHD Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of HR 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

HR vs. SPHD - Drawdown Comparison

The maximum HR drawdown since its inception was -61.36%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for HR and SPHD.

Drawdown Indicators

	HR	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-61.36%	-41.39%	-19.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-7.33%	-4.96%
Max Drawdown (3Y) Largest decline over 3 years	-30.23%	-13.29%	-16.94%
Max Drawdown (5Y) Largest decline over 5 years	-47.08%	-19.50%	-27.58%
Max Drawdown (10Y) Largest decline over 10 years	-47.08%	-41.39%	-5.69%
Current Drawdown Current decline from peak	-3.93%	-2.24%	-1.69%
Average Drawdown Average peak-to-trough decline	-14.45%	-4.66%	-9.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	2.93%	+1.98%

Volatility

HR vs. SPHD - Volatility Comparison

Healthcare Realty Trust Incorporated (HR) has a higher volatility of 5.62% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.63%. This indicates that HR'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

	HR	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	4.63%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	14.68%	9.12%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	21.16%	11.81%	+9.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.63%	14.24%	+14.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.39%	17.67%	+11.72%

Dividends

HR vs. SPHD - Dividend Comparison

HR's dividend yield for the trailing twelve months is around 4.57%, which matches SPHD's 4.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HR Healthcare Realty Trust Incorporated	4.57%	6.49%	7.32%	7.20%	34.01%	7.89%	7.26%	7.34%	4.22%	3.74%	3.96%	4.24%
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

Can I hold both HR and SPHD in my portfolio?

HR and SPHD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HR or SPHD?

HR has higher volatility (5.62%) compared to SPHD (4.63%). In terms of maximum drawdown, HR dropped -61.36% vs SPHD's -41.39%.

Which has better risk-adjusted returns?

HR currently has the higher Sharpe Ratio (2.10 vs 1.30), 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.