ISZE vs. SPHD
ISZE (iShares Edge MSCI Intl Size Factor ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - ISZE is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Risk Weighted Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
ISZE vs. SPHD - Performance Comparison
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Returns By Period
ISZE
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
ISZE vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISZE iShares Edge MSCI Intl Size Factor ETF | 0.00% | 0.00% | -0.11% | 15.54% | -15.70% | 8.17% | 6.07% | 21.17% | -13.91% | 25.13% |
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 ISZE and SPHD is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.43 |
The correlation between ISZE and SPHD shifts across timeframes, from 0.29 (3 years) to 0.49 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ISZE vs. SPHD — Risk / Return Rank
ISZE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPHD
ISZE vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Intl Size Factor ETF (ISZE) 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.
| ISZE | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.66 | — |
| Martin ratioReturn relative to average drawdown | — | 4.06 | — |
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Drawdowns
ISZE vs. SPHD - Drawdown Comparison
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Drawdown Indicators
| ISZE | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -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 DrawdownCurrent decline from peak | — | -1.91% | — |
Average DrawdownAverage peak-to-trough decline | — | -4.69% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.98% | — |
Volatility
ISZE vs. SPHD - Volatility Comparison
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Volatility by Period
| ISZE | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 11.48% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 14.16% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 17.65% | — |
ISZE vs. SPHD - Expense Ratio Comparison
Both ISZE and SPHD have an expense ratio of 0.30%.
Dividends
ISZE vs. SPHD - Dividend Comparison
ISZE has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 4.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISZE iShares Edge MSCI Intl Size Factor ETF | 0.00% | 0.00% | 1.89% | 6.63% | 2.72% | 8.47% | 1.39% | 2.24% | 3.04% | 3.33% | 3.18% | 1.09% |
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
ISZE and SPHD have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ISZE and SPHD have the same expense ratio: 0.30% per year.
SPHD has the higher dividend yield at 4.60%, compared with 0.00% for ISZE.
ISZE is categorized as Foreign Large Cap Equities, while SPHD is Dividend. ISZE tracks MSCI World ex USA Risk Weighted Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: iShares and Invesco.
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