ISDB vs. SPHQ
Compare and contrast key facts about Invesco Short Duration Bond ETF (ISDB) and Invesco S&P 500 Quality ETF (SPHQ).
ISDB and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISDB is an actively managed fund by Invesco. It was launched on Dec 5, 2022. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005.
Performance
ISDB vs. SPHQ - Performance Comparison
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ISDB vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISDB Invesco Short Duration Bond ETF | 0.15% | 6.23% | 5.35% | 5.17% | 0.01% |
SPHQ Invesco S&P 500 Quality ETF | 0.57% | 13.25% | 25.44% | 24.83% | -1.17% |
Returns By Period
In the year-to-date period, ISDB achieves a 0.15% return, which is significantly lower than SPHQ's 0.57% return.
ISDB
- 1D
- 0.17%
- 1M
- -0.66%
- YTD
- 0.15%
- 6M
- 1.63%
- 1Y
- 4.84%
- 3Y*
- 5.44%
- 5Y*
- —
- 10Y*
- —
SPHQ
- 1D
- 2.36%
- 1M
- -6.75%
- YTD
- 0.57%
- 6M
- 3.29%
- 1Y
- 14.73%
- 3Y*
- 18.19%
- 5Y*
- 12.50%
- 10Y*
- 13.53%
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ISDB vs. SPHQ - Expense Ratio Comparison
ISDB has a 0.36% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Return for Risk
ISDB vs. SPHQ — Risk / Return Rank
ISDB
SPHQ
ISDB vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Duration Bond ETF (ISDB) and Invesco S&P 500 Quality ETF (SPHQ). 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.
| ISDB | SPHQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.34 | 0.86 | +2.47 |
Sortino ratioReturn per unit of downside risk | 5.13 | 1.34 | +3.78 |
Omega ratioGain probability vs. loss probability | 1.77 | 1.18 | +0.59 |
Calmar ratioReturn relative to maximum drawdown | 4.30 | 1.46 | +2.84 |
Martin ratioReturn relative to average drawdown | 19.53 | 6.45 | +13.08 |
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
| ISDB | SPHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.34 | 0.86 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.75 | 0.50 | +2.25 |
Correlation
The correlation between ISDB and SPHQ is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ISDB vs. SPHQ - Dividend Comparison
ISDB's dividend yield for the trailing twelve months is around 4.69%, more than SPHQ's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISDB Invesco Short Duration Bond ETF | 4.69% | 4.89% | 5.50% | 5.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500 Quality ETF | 1.19% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Drawdowns
ISDB vs. SPHQ - Drawdown Comparison
The maximum ISDB drawdown since its inception was -1.83%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for ISDB and SPHQ.
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Drawdown Indicators
| ISDB | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -57.83% | +56.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -10.84% | +9.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.60% | — |
Current DrawdownCurrent decline from peak | -0.70% | -6.75% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -10.78% | +10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 2.45% | -2.20% |
Volatility
ISDB vs. SPHQ - Volatility Comparison
The current volatility for Invesco Short Duration Bond ETF (ISDB) is 0.77%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 5.40%. This indicates that ISDB experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISDB | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 5.40% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 9.64% | -8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.46% | 17.13% | -15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.87% | 16.40% | -14.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.87% | 17.81% | -15.94% |