ISZE vs. SPHD
Compare and contrast key facts about iShares Edge MSCI Intl Size Factor ETF (ISZE) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
ISZE and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ISZE is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Risk Weighted Index. It was launched on Jun 16, 2015. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both ISZE and SPHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ISZE or SPHD.
Key characteristics
| ISZE | SPHD | |
|---|---|---|
| YTD Return | 1.92% | 4.70% |
| 1Y Return | 7.97% | 12.61% |
| 3Y Return (Ann) | 0.03% | 3.35% |
| 5Y Return (Ann) | 4.03% | 4.99% |
| Sharpe Ratio | 0.60 | 0.94 |
| Daily Std Dev | 12.94% | 12.85% |
| Max Drawdown | -35.58% | -41.39% |
| Current Drawdown | -5.39% | -3.09% |
Correlation
The correlation between ISZE and SPHD is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ISZE vs. SPHD - Performance Comparison
In the year-to-date period, ISZE achieves a 1.92% return, which is significantly lower than SPHD's 4.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ISZE vs. SPHD - Expense Ratio Comparison
Both ISZE and SPHD have an expense ratio of 0.30%.
Risk-Adjusted Performance
ISZE vs. SPHD - Risk-Adjusted Performance 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.
Dividends
ISZE vs. SPHD - Dividend Comparison
ISZE's dividend yield for the trailing twelve months is around 6.51%, more than SPHD's 4.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISZE iShares Edge MSCI Intl Size Factor ETF | 6.51% | 6.63% | 2.72% | 8.48% | 1.39% | 2.24% | 3.04% | 3.33% | 3.18% | 1.09% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.31% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
ISZE vs. SPHD - Drawdown Comparison
The maximum ISZE drawdown since its inception was -35.58%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for ISZE and SPHD. For additional features, visit the drawdowns tool.
Volatility
ISZE vs. SPHD - Volatility Comparison
iShares Edge MSCI Intl Size Factor ETF (ISZE) has a higher volatility of 4.13% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.72%. This indicates that ISZE's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.