PHDG vs. HTUS
PHDG (Invesco S&P 500 Downside Hedged ETF) and HTUS (Hull Tactical US ETF) are both Equity Hedged funds. PHDG is passively managed, while HTUS is actively managed. Over the past 10 years, PHDG returned 7.28%/yr vs 12.41%/yr for HTUS. Their 0.46 correlation means their historical movements had little consistent relationship. PHDG charges 0.39%/yr vs 0.96%/yr for HTUS.
Performance
PHDG vs. HTUS - Performance Comparison
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Returns By Period
In the year-to-date period, PHDG achieves a 10.21% return, which is significantly lower than HTUS's 10.86% return. Over the past 10 years, PHDG has underperformed HTUS with an annualized return of 7.28%, while HTUS has yielded a comparatively higher 12.41% annualized return.
PHDG
- 1D
- 0.50%
- 1M
- 0.03%
- 6M
- 8.71%
- YTD
- 10.21%
- 1Y
- 18.23%
- 3Y*
- 8.48%
- 5Y*
- 4.25%
- 10Y*
- 7.28%
- ALL TIME*
- 5.61%
HTUS
- 1D
- 1.19%
- 1M
- 0.34%
- 6M
- 9.93%
- YTD
- 10.86%
- 1Y
- 22.65%
- 3Y*
- 19.29%
- 5Y*
- 14.61%
- 10Y*
- 12.41%
- ALL TIME*
- 11.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $530.02K | $526.22K | $608.25K | |
| $1.18M | $678.43K | $904.25K |
PHDG vs. HTUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PHDG Invesco S&P 500 Downside Hedged ETF | 10.21% | 2.72% | 10.95% | 8.18% | -14.09% | 15.67% | 18.97% | 8.57% | -2.44% | 15.89% |
HTUS Hull Tactical US ETF | 10.86% | 16.57% | 25.02% | 30.11% | -13.00% | 24.29% | 13.21% | 20.27% | -10.04% | 14.19% |
Correlation
The correlation between PHDG and HTUS is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2015 | 0.46 |
The correlation between PHDG and HTUS shifts across timeframes, from 0.46 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PHDG vs. HTUS — Risk / Return Rank
PHDG
HTUS
PHDG vs. HTUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Downside Hedged ETF (PHDG) and Hull Tactical US ETF (HTUS). 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.
| PHDG | HTUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.43 | +0.03 |
| Martin ratioReturn relative to average drawdown | 7.58 | 11.54 | -3.97 |
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Drawdowns
PHDG vs. HTUS - Drawdown Comparison
The maximum PHDG drawdown since its inception was -17.70%, smaller than the maximum HTUS drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for PHDG and HTUS.
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Drawdown Indicators
| PHDG | HTUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -47.50% | +29.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.78% | -8.68% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -24.41% | +9.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.06% | -24.41% | +7.35% |
Max Drawdown (10Y)Largest decline over 10 years | -17.06% | -47.50% | +30.44% |
Current DrawdownCurrent decline from peak | -5.31% | -0.97% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -4.02% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.83% | +0.37% |
Volatility
PHDG vs. HTUS - Volatility Comparison
The current volatility for Invesco S&P 500 Downside Hedged ETF (PHDG) is 2.51%, while Hull Tactical US ETF (HTUS) has a volatility of 3.04%. This indicates that PHDG experiences smaller price fluctuations and is considered to be less risky than HTUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHDG | HTUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 3.04% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 10.24% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 12.28% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 19.09% | -7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.11% | 21.50% | -9.39% |
PHDG vs. HTUS - Expense Ratio Comparison
PHDG has a 0.39% expense ratio, which is lower than HTUS's 0.96% expense ratio.
Dividends
PHDG vs. HTUS - Dividend Comparison
PHDG's dividend yield for the trailing twelve months is around 1.68%, less than HTUS's 10.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTUS Hull Tactical US ETF | 10.73% | 11.89% | 17.80% | 1.18% | 5.63% | 7.20% | 3.77% | 0.92% | 8.69% | 8.29% | 3.02% | 0.00% |
PHDG Invesco S&P 500 Downside Hedged ETF | 1.68% | 2.10% | 1.94% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.64% |
Frequently Asked Questions
PHDG and HTUS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTUS has higher volatility (3.04%) compared to PHDG (2.51%). In terms of maximum drawdown, PHDG dropped -17.70% vs HTUS's -47.50%.
On 10-year performance, HTUS leads with 12.41% vs 7.28% for PHDG. On fees, PHDG is cheaper at 0.39% per year. On volatility, PHDG has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HTUS has performed better with a 12.41% return vs 7.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PHDG is cheaper with a 0.39% expense ratio, compared with 0.96% for HTUS.
HTUS has the higher dividend yield at 10.73%, compared with 1.68% for PHDG.
They also come from different issuers: Invesco and Exchange Traded Concepts. Their fees differ too: 0.39% for PHDG and 0.96% for HTUS.
HTUS currently has the higher Sharpe Ratio (1.72 vs 1.45), 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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