IPKW vs. SPHD
IPKW (Invesco International BuyBack Achievers™ ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - IPKW is a Global Equities fund tracking the NASDAQ International BuyBack Achievers Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, IPKW returned 11.86%/yr vs 7.55%/yr for SPHD. A 0.58 correlation means they provide meaningful diversification when combined. IPKW charges 0.55%/yr vs 0.30%/yr for SPHD.
Performance
IPKW vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, IPKW achieves a 3.20% return, which is significantly lower than SPHD's 8.20% return. Over the past 10 years, IPKW has outperformed SPHD with an annualized return of 11.86%, while SPHD has yielded a comparatively lower 7.55% annualized return.
IPKW
- 1D
- -1.58%
- 1M
- -3.12%
- YTD
- 3.20%
- 6M
- 3.35%
- 1Y
- 21.92%
- 3Y*
- 22.84%
- 5Y*
- 9.02%
- 10Y*
- 11.86%
SPHD
- 1D
- 1.63%
- 1M
- 0.82%
- YTD
- 8.20%
- 6M
- 8.56%
- 1Y
- 12.09%
- 3Y*
- 12.70%
- 5Y*
- 7.06%
- 10Y*
- 7.55%
IPKW vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPKW Invesco International BuyBack Achievers™ ETF | 3.20% | 45.50% | 10.56% | 15.12% | -12.81% | 11.41% | 16.18% | 20.26% | -21.59% | 34.21% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between IPKW and SPHD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2014 | 0.58 |
The correlation between IPKW and SPHD shifts across timeframes, from 0.40 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IPKW vs. SPHD — Risk / Return Rank
IPKW
SPHD
IPKW vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International BuyBack Achievers™ ETF (IPKW) 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.
| IPKW | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.66 | +0.75 |
| Martin ratioReturn relative to average drawdown | 7.94 | 4.06 | +3.88 |
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Drawdowns
IPKW vs. SPHD - Drawdown Comparison
The maximum IPKW drawdown since its inception was -47.24%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for IPKW and SPHD.
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Drawdown Indicators
| IPKW | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.24% | -41.39% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -7.33% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.77% | -13.29% | -4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -32.56% | -19.50% | -13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -47.24% | -41.39% | -5.85% |
Current DrawdownCurrent decline from peak | -5.09% | -1.91% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -8.97% | -4.69% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.98% | -0.21% |
Volatility
IPKW vs. SPHD - Volatility Comparison
Invesco International BuyBack Achievers™ ETF (IPKW) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) have volatilities of 4.36% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPKW | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.26% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 8.13% | +4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.69% | 11.48% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 14.16% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 17.65% | +0.14% |
IPKW vs. SPHD - Expense Ratio Comparison
IPKW has a 0.55% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
IPKW vs. SPHD - Dividend Comparison
IPKW's dividend yield for the trailing twelve months is around 3.63%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPKW Invesco International BuyBack Achievers™ ETF | 3.63% | 3.55% | 4.12% | 2.66% | 3.77% | 7.37% | 1.45% | 2.41% | 2.61% | 0.93% | 2.82% | 1.31% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 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
IPKW and SPHD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPKW has higher volatility (4.36%) compared to SPHD (4.26%). In terms of maximum drawdown, IPKW dropped -47.24% vs SPHD's -41.39%.
On 10-year performance, IPKW leads with 11.86% vs 7.55% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IPKW has performed better with a 11.86% return vs 7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.55% for IPKW.
SPHD has the higher dividend yield at 4.60%, compared with 3.63% for IPKW.
IPKW is categorized as Global Equities, while SPHD is Dividend. IPKW tracks NASDAQ International BuyBack Achievers Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.55% for IPKW and 0.30% for SPHD.
IPKW currently has the higher Sharpe Ratio (1.50 vs 1.06), 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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