MADVX vs. SPHD
Compare and contrast key facts about BlackRock Equity Dividend Fund (MADVX) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
MADVX is managed by BlackRock. It was launched on Nov 29, 1988. 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.
Performance
MADVX vs. SPHD - Performance Comparison
Loading graphics...
MADVX vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | -3.55% | 21.70% | 6.98% | 12.71% | -3.97% | 20.13% | 4.03% | 27.58% | -7.15% | 16.31% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.64% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Returns By Period
In the year-to-date period, MADVX achieves a -3.55% return, which is significantly lower than SPHD's 4.64% return. Over the past 10 years, MADVX has outperformed SPHD with an annualized return of 10.41%, while SPHD has yielded a comparatively lower 7.24% annualized return.
MADVX
- 1D
- -0.15%
- 1M
- -8.43%
- YTD
- -3.55%
- 6M
- 1.36%
- 1Y
- 12.29%
- 3Y*
- 11.83%
- 5Y*
- 7.93%
- 10Y*
- 10.41%
SPHD
- 1D
- 0.55%
- 1M
- -4.99%
- YTD
- 4.64%
- 6M
- 2.81%
- 1Y
- 3.20%
- 3Y*
- 9.99%
- 5Y*
- 7.05%
- 10Y*
- 7.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MADVX vs. SPHD - Expense Ratio Comparison
MADVX has a 0.68% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Return for Risk
MADVX vs. SPHD — Risk / Return Rank
MADVX
SPHD
MADVX vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund (MADVX) 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.
| MADVX | SPHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.22 | +0.63 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.41 | +0.84 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.38 | +0.60 |
Martin ratioReturn relative to average drawdown | 4.29 | 1.22 | +3.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| MADVX | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.22 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.50 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.41 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.59 | +0.06 |
Correlation
The correlation between MADVX and SPHD is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MADVX vs. SPHD - Dividend Comparison
MADVX's dividend yield for the trailing twelve months is around 10.61%, more than SPHD's 4.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MADVX BlackRock Equity Dividend Fund | 10.61% | 10.23% | 8.58% | 7.08% | 13.50% | 12.15% | 6.35% | 13.15% | 14.04% | 14.38% | 7.98% | 18.44% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.31% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Drawdowns
MADVX vs. SPHD - Drawdown Comparison
The maximum MADVX drawdown since its inception was -50.00%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for MADVX and SPHD.
Loading graphics...
Drawdown Indicators
| MADVX | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.00% | -41.39% | -8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -11.33% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -19.50% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | -41.39% | +5.45% |
Current DrawdownCurrent decline from peak | -9.01% | -5.14% | -3.87% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -4.70% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.67% | -0.98% |
Volatility
MADVX vs. SPHD - Volatility Comparison
BlackRock Equity Dividend Fund (MADVX) has a higher volatility of 4.02% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.21%. This indicates that MADVX's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| MADVX | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 3.21% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 7.91% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 14.51% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.20% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 17.65% | -1.38% |