IYLD vs. SPHD
Compare and contrast key facts about iShares Morningstar Multi-Asset Income ETF (IYLD) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
IYLD and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYLD is a passively managed fund by iShares that tracks the performance of the Morningstar Multi-Asset High Income Index. It was launched on Apr 5, 2012. 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 IYLD 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: IYLD or SPHD.
Performance
IYLD vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, IYLD achieves a 3.90% return, which is significantly lower than SPHD's 22.49% return. Over the past 10 years, IYLD has underperformed SPHD with an annualized return of 2.35%, while SPHD has yielded a comparatively higher 8.74% annualized return.
IYLD
3.90%
-1.19%
2.75%
9.94%
0.61%
2.35%
SPHD
22.49%
-0.18%
13.83%
32.04%
7.70%
8.74%
Key characteristics
| IYLD | SPHD | |
|---|---|---|
| Sharpe Ratio | 1.70 | 2.85 |
| Sortino Ratio | 2.47 | 4.07 |
| Omega Ratio | 1.32 | 1.52 |
| Calmar Ratio | 0.82 | 2.25 |
| Martin Ratio | 8.45 | 19.55 |
| Ulcer Index | 1.15% | 1.63% |
| Daily Std Dev | 5.72% | 11.16% |
| Max Drawdown | -30.23% | -41.39% |
| Current Drawdown | -3.08% | -1.06% |
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IYLD vs. SPHD - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Correlation
The correlation between IYLD and SPHD is 0.64, 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.
Risk-Adjusted Performance
IYLD vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) 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
IYLD vs. SPHD - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 5.18%, more than SPHD's 3.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 5.18% | 5.76% | 5.44% | 3.47% | 4.94% | 5.25% | 5.78% | 4.22% | 5.32% | 4.93% | 5.56% | 6.16% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.34% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
IYLD vs. SPHD - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for IYLD and SPHD. For additional features, visit the drawdowns tool.
Volatility
IYLD vs. SPHD - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.18%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.62%. This indicates that IYLD 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.