HYXU vs. SPHD

Last updated Jun 4, 2026

HYXU (iShares Euro High Yield Corporate Bond USD Hedged ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - HYXU is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. HYXU charges 0.35%/yr vs 0.30%/yr for SPHD.

Performance

HYXU vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) 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

HYXU

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPHD

• 1D: -0.89%
• 1M: -0.82%
• YTD: 4.38%
• 6M: 4.63%
• 1Y: 8.12%
• 3Y*: 11.42%
• 5Y*: 5.48%
• 10Y*: 7.08%

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

HYXU vs. SPHD - Yearly Performance Comparison

	2026 (YTD)
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	-2.04%

HYXU vs. SPHD - Sectors Allocation Comparison

Sectors	HYXU	SPHD
Communication Services	100.0%	8.6%
Basic Materials	-	-
Consumer Cyclical	-	3.4%
Consumer Defensive	-	17.8%
Energy	-	14.1%
Financial Services	-	15.6%
Healthcare	-	5.1%
Industrials	-	0.0%
Real Estate	-	20.1%
Technology	-	1.5%
Utilities	-	13.7%

Return for Risk

HYXU vs. SPHD — Risk / Return Rank

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

SPHD

SPHD Risk / Return Rank: 21
SPHD Sharpe Ratio Rank: 21
SPHD Sortino Ratio Rank: 21
SPHD Omega Ratio Rank: 19
SPHD Calmar Ratio Rank: 23
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.

HYXU vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Euro High Yield Corporate Bond USD Hedged ETF (HYXU) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HYXU	SPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.74	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.58	—

Drawdowns

HYXU vs. SPHD - Drawdown Comparison

The maximum HYXU drawdown since its inception was 0.00%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for HYXU and SPHD.

Drawdown Indicators

	HYXU	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-41.39%	+41.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.39%	—
Current Drawdown Current decline from peak	0.00%	-5.37%	+5.37%
Average Drawdown Average peak-to-trough decline	0.00%	-4.70%	+4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.93%	—

Volatility

Volatility by Period

	HYXU	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	11.04%	-11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.16%	-14.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	17.64%	-17.64%

HYXU vs. SPHD - Expense Ratio Comparison

HYXU has a 0.35% expense ratio, which is higher than SPHD's 0.30% expense ratio.

Dividends

HYXU vs. SPHD - Dividend Comparison

HYXU has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 4.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYXU iShares Euro High Yield Corporate Bond USD Hedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.62%	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

Which ETF is better, HYXU 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, HYXU or SPHD?

SPHD is cheaper with a 0.30% expense ratio, compared with 0.35% for HYXU.

Which ETF pays a higher dividend yield, HYXU or SPHD?

SPHD has the higher dividend yield at 4.62%, compared with 0.00% for HYXU.

What is the main difference between HYXU and SPHD?

HYXU is categorized as High Yield Bonds, while SPHD is Dividend. HYXU tracks BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for HYXU and 0.30% for SPHD.