IVZ vs. SPHQ
IVZ (Invesco Ltd.) is a stock, while SPHQ (Invesco S&P 500 Quality ETF) is Quality Factor fund tracking the S&P 500 Quality Index. Over the past 10 years, IVZ returned 5.29%/yr vs 14.60%/yr for SPHQ. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
IVZ vs. SPHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IVZ achieves a 14.47% return, which is significantly higher than SPHQ's 13.51% return. Over the past 10 years, IVZ has underperformed SPHQ with an annualized return of 5.29%, while SPHQ has yielded a comparatively higher 14.60% annualized return.
IVZ
- 1D
- 0.61%
- 1M
- 9.59%
- 6M
- 10.19%
- YTD
- 14.47%
- 1Y
- 48.65%
- 3Y*
- 27.08%
- 5Y*
- 8.83%
- 10Y*
- 5.29%
- ALL TIME*
- 8.10%
SPHQ
- 1D
- -0.47%
- 1M
- -3.64%
- 6M
- 10.07%
- YTD
- 13.51%
- 1Y
- 21.02%
- 3Y*
- 18.91%
- 5Y*
- 12.73%
- 10Y*
- 14.60%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
IVZ Invesco Ltd. | $157.09M | $144.33M | $142.93M |
| $119.48M | $136.23M | $143.26M |
IVZ vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVZ Invesco Ltd. | 14.47% | 56.94% | 3.02% | 6.05% | -18.71% | 35.56% | 3.06% | 14.91% | -52.05% | 24.67% |
SPHQ Invesco S&P 500 Quality ETF | 13.51% | 13.25% | 25.44% | 24.83% | -15.76% | 28.03% | 17.36% | 33.64% | -7.10% | 19.10% |
Correlation
The correlation between IVZ and SPHQ is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2005 | 0.62 |
The correlation between IVZ and SPHQ has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
IVZ vs. SPHQ — Risk / Return Rank
IVZ
SPHQ
IVZ vs. SPHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ltd. (IVZ) 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.
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.
| IVZ | SPHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.26 | -0.17 |
| Martin ratioReturn relative to average drawdown | 5.51 | 8.07 | -2.55 |
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Drawdowns
IVZ vs. SPHQ - Drawdown Comparison
The maximum IVZ drawdown since its inception was -83.91%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for IVZ and SPHQ.
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Drawdown Indicators
| IVZ | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.91% | -57.83% | -26.08% |
Max Drawdown (1Y)Largest decline over 1 year | -22.03% | -8.90% | -13.13% |
Max Drawdown (3Y)Largest decline over 3 years | -36.52% | -16.57% | -19.95% |
Max Drawdown (5Y)Largest decline over 5 years | -48.88% | -25.04% | -23.84% |
Max Drawdown (10Y)Largest decline over 10 years | -79.72% | -31.60% | -48.12% |
Current DrawdownCurrent decline from peak | -2.95% | -6.03% | +3.08% |
Average DrawdownAverage peak-to-trough decline | -35.84% | -10.64% | -25.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.33% | 2.49% | +5.84% |
Volatility
IVZ vs. SPHQ - Volatility Comparison
Invesco Ltd. (IVZ) has a higher volatility of 12.19% compared to Invesco S&P 500 Quality ETF (SPHQ) at 4.84%. This indicates that IVZ's price experiences larger fluctuations and is considered to be riskier 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
| IVZ | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 4.84% | +7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 26.39% | 12.44% | +13.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.61% | 14.53% | +19.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.76% | 16.74% | +20.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.22% | 17.97% | +21.25% |
Dividends
IVZ vs. SPHQ - Dividend Comparison
IVZ's dividend yield for the trailing twelve months is around 2.85%, more than SPHQ's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVZ Invesco Ltd. | 2.85% | 3.18% | 4.66% | 6.15% | 4.07% | 2.89% | 4.45% | 6.84% | 7.11% | 3.15% | 3.66% | 3.17% |
SPHQ Invesco S&P 500 Quality ETF | 1.10% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Frequently Asked Questions
IVZ and SPHQ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVZ has higher volatility (12.19%) compared to SPHQ (4.84%). In terms of maximum drawdown, IVZ dropped -83.91% vs SPHQ's -57.83%.
SPHQ currently has the higher Sharpe Ratio (1.39 vs 1.37), 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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