IUS vs. SPHD
IUS (Invesco RAFI Strategic US ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - IUS is a Large Cap Blend Equities fund tracking the Invesco Strategic US Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 5 years, IUS returned 13.63%/yr vs 6.90%/yr for SPHD. A 0.69 correlation means they provide meaningful diversification when combined. IUS charges 0.19%/yr vs 0.30%/yr for SPHD.
Performance
IUS vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, IUS achieves a 14.47% return, which is significantly higher than SPHD's 8.15% return.
IUS
- 1D
- 0.03%
- 1M
- 0.21%
- YTD
- 14.47%
- 6M
- 13.60%
- 1Y
- 29.78%
- 3Y*
- 19.92%
- 5Y*
- 13.63%
- 10Y*
- —
SPHD
- 1D
- -0.04%
- 1M
- 0.78%
- YTD
- 8.15%
- 6M
- 7.75%
- 1Y
- 11.57%
- 3Y*
- 12.69%
- 5Y*
- 6.90%
- 10Y*
- 7.55%
IUS vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUS Invesco RAFI Strategic US ETF | 14.47% | 16.94% | 16.51% | 20.79% | -8.34% | 32.17% | 15.09% | 29.34% | -12.28% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.15% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -7.29% |
Correlation
The correlation between IUS and SPHD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.69 |
Over the past year, the correlation between IUS and SPHD has dropped to 0.46 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
IUS vs. SPHD — Risk / Return Rank
IUS
SPHD
IUS vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) 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.
| IUS | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.17 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 1.59 | +3.28 |
| Martin ratioReturn relative to average drawdown | 20.20 | 3.89 | +16.31 |
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Drawdowns
IUS vs. SPHD - Drawdown Comparison
The maximum IUS drawdown since its inception was -34.67%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for IUS and SPHD.
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Drawdown Indicators
| IUS | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.67% | -41.39% | +6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -7.33% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -13.29% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.72% | -19.50% | +0.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -1.73% | -1.95% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -4.69% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.99% | -1.51% |
Volatility
IUS vs. SPHD - Volatility Comparison
The current volatility for Invesco RAFI Strategic US ETF (IUS) is 3.77%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 4.23%. This indicates that IUS experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 4.23% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 8.10% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 11.45% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 14.16% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 17.64% | +0.38% |
IUS vs. SPHD - Expense Ratio Comparison
IUS has a 0.19% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
IUS vs. SPHD - Dividend Comparison
IUS's dividend yield for the trailing twelve months is around 1.30%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS Invesco RAFI Strategic US ETF | 1.30% | 1.48% | 1.52% | 1.72% | 1.78% | 1.46% | 1.74% | 1.77% | 0.73% | 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
IUS and SPHD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (4.23%) compared to IUS (3.77%). In terms of maximum drawdown, IUS dropped -34.67% vs SPHD's -41.39%.
On 5-year performance, IUS leads with 13.63% vs 6.90% for SPHD. On fees, IUS is cheaper at 0.19% per year. On volatility, IUS has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IUS has performed better with a 13.63% return vs 6.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUS is cheaper with a 0.19% expense ratio, compared with 0.30% for SPHD.
SPHD has the higher dividend yield at 4.60%, compared with 1.30% for IUS.
IUS is categorized as Large Cap Blend Equities, while SPHD is Dividend. IUS tracks Invesco Strategic US Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.19% for IUS and 0.30% for SPHD.
IUS currently has the higher Sharpe Ratio (2.81 vs 1.02), 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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