LRN vs. SPHQ

Last updated Apr 2, 2026

Compare and contrast key facts about Stride, Inc. (LRN) and Invesco S&P 500 Quality ETF (SPHQ).

SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005.

Performance

LRN vs. SPHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stride, Inc. (LRN) and Invesco S&P 500 Quality ETF (SPHQ). The values are adjusted to include any dividend payments, if applicable.

LRN vs. SPHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LRN Stride, Inc.	36.86%	-37.53%	75.05%	89.80%	-6.15%	56.99%	4.32%	-17.91%	55.91%	-7.34%
SPHQ Invesco S&P 500 Quality ETF	1.46%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.10%	19.10%

Returns By Period

In the year-to-date period, LRN achieves a 36.86% return, which is significantly higher than SPHQ's 1.46% return. Over the past 10 years, LRN has outperformed SPHQ with an annualized return of 24.32%, while SPHQ has yielded a comparatively lower 13.63% annualized return.

LRN

• 1D: 0.78%
• 1M: 3.35%
• YTD: 36.86%
• 6M: -38.52%
• 1Y: -31.18%
• 3Y*: 31.31%
• 5Y*: 22.85%
• 10Y*: 24.32%

SPHQ

• 1D: 0.89%
• 1M: -5.57%
• YTD: 1.46%
• 6M: 3.57%
• 1Y: 16.02%
• 3Y*: 18.54%
• 5Y*: 12.70%
• 10Y*: 13.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LRN vs. SPHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LRN

LRN Risk / Return Rank: 25
LRN Sharpe Ratio Rank: 20
LRN Sortino Ratio Rank: 27
LRN Omega Ratio Rank: 25
LRN Calmar Ratio Rank: 26
LRN Martin Ratio Rank: 27

SPHQ

SPHQ Risk / Return Rank: 54
SPHQ Sharpe Ratio Rank: 50
SPHQ Sortino Ratio Rank: 53
SPHQ Omega Ratio Rank: 50
SPHQ Calmar Ratio Rank: 55
SPHQ Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LRN vs. SPHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stride, Inc. (LRN) 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.

	LRN	SPHQ	Difference
Sharpe ratio Return per unit of total volatility	-0.46	0.94	-1.40
Sortino ratio Return per unit of downside risk	-0.09	1.44	-1.53
Omega ratio Gain probability vs. loss probability	0.98	1.20	-0.22
Calmar ratio Return relative to maximum drawdown	-0.46	1.45	-1.92
Martin ratio Return relative to average drawdown	-0.79	6.35	-7.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRN vs. SPHQ - Sharpe Ratio Comparison

The current LRN Sharpe Ratio is -0.46, which is lower than the SPHQ Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of LRN and SPHQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LRN	SPHQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	0.94	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.78	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.77	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.50	-0.36

Correlation

The correlation between LRN and SPHQ is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

LRN vs. SPHQ - Dividend Comparison

LRN has not paid dividends to shareholders, while SPHQ's dividend yield for the trailing twelve months is around 1.18%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LRN Stride, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHQ Invesco S&P 500 Quality ETF	1.18%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Drawdowns

LRN vs. SPHQ - Drawdown Comparison

The maximum LRN drawdown since its inception was -81.41%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for LRN and SPHQ.

Drawdown Indicators

	LRN	SPHQ	Difference
Max Drawdown Largest peak-to-trough decline	-81.41%	-57.83%	-23.58%
Max Drawdown (1Y) Largest decline over 1 year	-64.07%	-10.84%	-53.23%
Max Drawdown (5Y) Largest decline over 5 years	-64.07%	-25.04%	-39.03%
Max Drawdown (10Y) Largest decline over 10 years	-64.07%	-31.60%	-32.47%
Current Drawdown Current decline from peak	-47.67%	-5.92%	-41.75%
Average Drawdown Average peak-to-trough decline	-36.19%	-10.78%	-25.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.46%	2.48%	+34.98%

Volatility

LRN vs. SPHQ - Volatility Comparison

Stride, Inc. (LRN) has a higher volatility of 9.47% compared to Invesco S&P 500 Quality ETF (SPHQ) at 5.32%. This indicates that LRN'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.

Volatility by Period

	LRN	SPHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	5.32%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	82.93%	9.67%	+73.26%
Volatility (1Y) Calculated over the trailing 1-year period	67.92%	17.13%	+50.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.51%	16.40%	+35.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.72%	17.81%	+31.91%