IFLN vs. SPHD
IFLN (Invesco Bloomberg Enhanced Fallen Angels ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - IFLN is a High Yield Bonds fund tracking the Bloomberg US High Yield Enhanced Fallen Angels Index, while SPHD is a S&P 500 fund tracking the S&P Low Volatility High Dividend index. Both are passively managed. Over the past 10 years, IFLN returned 4.60%/yr vs 7.08%/yr for SPHD. A 0.52 correlation means they provide meaningful diversification when combined. IFLN charges 0.23%/yr vs 0.30%/yr for SPHD.
Performance
IFLN vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, IFLN achieves a 0.57% return, which is significantly lower than SPHD's 4.38% return. Over the past 10 years, IFLN has underperformed SPHD with an annualized return of 4.60%, while SPHD has yielded a comparatively higher 7.08% annualized return.
IFLN
- 1D
- -0.25%
- 1M
- 0.55%
- YTD
- 0.57%
- 6M
- 0.84%
- 1Y
- 5.87%
- 3Y*
- 7.32%
- 5Y*
- 3.59%
- 10Y*
- 4.60%
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%
IFLN vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 0.57% | 8.75% | 5.54% | 11.19% | -8.77% | 3.32% | 5.20% | 13.59% | -2.69% | 5.12% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.38% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between IFLN and SPHD is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2012 | 0.52 |
The correlation between IFLN and SPHD shifts across timeframes, from 0.41 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IFLN vs. SPHD — Risk / Return Rank
IFLN
SPHD
IFLN vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) 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.
| IFLN | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.13 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.11 | +0.33 |
| Martin ratioReturn relative to average drawdown | 5.93 | 2.78 | +3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IFLN | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.74 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.39 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.40 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.58 | -0.29 |
Drawdowns
IFLN vs. SPHD - Drawdown Comparison
The maximum IFLN drawdown since its inception was -44.79%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for IFLN and SPHD.
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Drawdown Indicators
| IFLN | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.79% | -41.39% | -3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -7.33% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.08% | -13.29% | +9.21% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -19.50% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -21.52% | -41.39% | +19.87% |
Current DrawdownCurrent decline from peak | -0.49% | -5.37% | +4.88% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.70% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.93% | -1.94% |
Volatility
IFLN vs. SPHD - Volatility Comparison
The current volatility for Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) is 1.26%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.99%. This indicates that IFLN 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.
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Volatility by Period
| IFLN | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 2.99% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 7.55% | -4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.90% | 11.04% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.37% | 14.16% | -7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.89% | 17.64% | -10.75% |
IFLN vs. SPHD - Expense Ratio Comparison
IFLN has a 0.23% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
IFLN vs. SPHD - Dividend Comparison
IFLN's dividend yield for the trailing twelve months is around 5.82%, more than SPHD's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFLN Invesco Bloomberg Enhanced Fallen Angels ETF | 5.82% | 5.48% | 5.69% | 4.68% | 3.52% | 3.37% | 3.90% | 4.03% | 4.44% | 4.14% | 4.58% | 4.69% |
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
IFLN and SPHD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (2.99%) compared to IFLN (1.26%). In terms of maximum drawdown, IFLN dropped -44.79% vs SPHD's -41.39%.
On 10-year performance, SPHD leads with 7.08% vs 4.60% for IFLN. On fees, IFLN is cheaper at 0.23% per year. On volatility, IFLN has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPHD has performed better with a 7.08% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFLN is cheaper with a 0.23% expense ratio, compared with 0.30% for SPHD.
IFLN has the higher dividend yield at 5.82%, compared with 4.62% for SPHD.
IFLN is categorized as High Yield Bonds, while SPHD is S&P 500. IFLN tracks Bloomberg US High Yield Enhanced Fallen Angels Index, while SPHD tracks S&P Low Volatility High Dividend index. Their fees differ too: 0.23% for IFLN and 0.30% for SPHD.
IFLN currently has the higher Sharpe Ratio (1.51 vs 0.74), 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.
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