ITDD vs. SPHD
ITDD (Ishares Lifepath Target Date 2040 ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. ITDD is actively managed, while SPHD is passively managed. Over the past year, ITDD returned 20.04% vs 12.09% for SPHD. At a 0.46 correlation, their price movements are largely independent. ITDD charges 0.11%/yr vs 0.30%/yr for SPHD.
Performance
ITDD vs. SPHD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ITDD having a 8.11% return and SPHD slightly higher at 8.20%.
ITDD
- 1D
- -1.22%
- 1M
- 0.09%
- YTD
- 8.11%
- 6M
- 7.50%
- 1Y
- 20.04%
- 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%
ITDD vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 8.11% | 17.66% | 13.08% | 12.87% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 10.60% |
Correlation
The correlation between ITDD and SPHD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.46 |
The correlation between ITDD and SPHD shifts across timeframes, from 0.33 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ITDD vs. SPHD — Risk / Return Rank
ITDD
SPHD
ITDD vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.
| ITDD | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.66 | +1.00 |
| Martin ratioReturn relative to average drawdown | 11.44 | 4.06 | +7.38 |
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Drawdowns
ITDD vs. SPHD - Drawdown Comparison
The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for ITDD and SPHD.
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Drawdown Indicators
| ITDD | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -41.39% | +28.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -7.33% | -0.23% |
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 | -1.59% | -1.91% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -4.69% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.98% | -1.22% |
Volatility
ITDD vs. SPHD - Volatility Comparison
Ishares Lifepath Target Date 2040 ETF (ITDD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) have volatilities of 4.07% 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
| ITDD | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.26% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 8.13% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 11.48% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.56% | 14.16% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 17.65% | -6.09% |
ITDD vs. SPHD - Expense Ratio Comparison
ITDD has a 0.11% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
ITDD vs. SPHD - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 1.69%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 1.69% | 1.82% | 1.56% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ITDD and SPHD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (4.26%) compared to ITDD (4.07%). In terms of maximum drawdown, ITDD dropped -12.46% vs SPHD's -41.39%.
On 1-year performance, ITDD leads with 20.04% vs 12.09% for SPHD. On fees, ITDD is cheaper at 0.11% per year. On volatility, ITDD has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITDD has performed better with a 20.04% return vs 12.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDD is cheaper with a 0.11% expense ratio, compared with 0.30% for SPHD.
SPHD has the higher dividend yield at 4.60%, compared with 1.69% for ITDD.
ITDD is categorized as Target Retirement Date, while SPHD is Dividend. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.11% for ITDD and 0.30% for SPHD.
ITDD currently has the higher Sharpe Ratio (1.96 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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