PSMMY vs. SPHD

Last updated Jul 15, 2026

PSMMY (Persimmon Plc) is a stock, while SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) is Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Over the past 10 years, PSMMY returned 3.18%/yr vs 7.11%/yr for SPHD. At a 0.30 correlation, their price movements are largely independent.

Performance

PSMMY vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Persimmon Plc (PSMMY) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSMMY achieves a -20.00% return, which is significantly lower than SPHD's 11.04% return. Over the past 10 years, PSMMY has underperformed SPHD with an annualized return of 3.18%, while SPHD has yielded a comparatively higher 7.11% annualized return.

PSMMY

• 1D: -1.27%
• 1M: 4.30%
• 6M: -21.59%
• YTD: -20.00%
• 1Y: -10.76%
• 3Y*: 5.14%
• 5Y*: -13.83%
• 10Y*: 3.18%

SPHD

• 1D: -0.38%
• 1M: 1.18%
• 6M: 9.58%
• YTD: 11.04%
• 1Y: 12.21%
• 3Y*: 12.09%
• 5Y*: 7.71%
• 10Y*: 7.11%

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

PSMMY vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSMMY Persimmon Plc	-20.00%	26.87%	-12.25%	29.93%	-58.84%	11.72%	15.09%	60.71%	-26.83%	83.35%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	11.04%	3.41%	18.08%	1.32%	0.58%	24.98%	-9.98%	20.26%	-6.17%	11.90%

Correlation

The correlation between PSMMY and SPHD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013	0.30

Return for Risk

PSMMY vs. SPHD — Risk / Return Rank

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

PSMMY

PSMMY Risk / Return Rank: 31
PSMMY Sharpe Ratio Rank: 31
PSMMY Sortino Ratio Rank: 28
PSMMY Omega Ratio Rank: 29
PSMMY Calmar Ratio Rank: 35
PSMMY Martin Ratio Rank: 34

SPHD

SPHD Risk / Return Rank: 36
SPHD Sharpe Ratio Rank: 35
SPHD Sortino Ratio Rank: 37
SPHD Omega Ratio Rank: 32
SPHD Calmar Ratio Rank: 41
SPHD Martin Ratio Rank: 34

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.

PSMMY vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Persimmon Plc (PSMMY) 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.

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.

	PSMMY	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	1.05	-1.36
Sortino ratio: Return per unit of downside risk	-0.23	1.60	-1.83
Omega ratio: Gain probability vs. loss probability	0.97	1.18	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.31	1.67	-1.98
Martin ratio: Return relative to average drawdown	-0.60	4.10	-4.71

PSMMY vs. SPHD - Sharpe Ratio Comparison

The current PSMMY Sharpe Ratio is -0.31, which is lower than the SPHD Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of PSMMY and SPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSMMY vs. SPHD - Drawdown Comparison

The maximum PSMMY drawdown since its inception was -69.45%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for PSMMY and SPHD.

Drawdown Indicators

	PSMMY	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-69.45%	-41.39%	-28.06%
Max Drawdown (1Y) Largest decline over 1 year	-35.15%	-7.33%	-27.82%
Max Drawdown (3Y) Largest decline over 3 years	-42.78%	-13.29%	-29.49%
Max Drawdown (5Y) Largest decline over 5 years	-66.31%	-19.50%	-46.81%
Max Drawdown (10Y) Largest decline over 10 years	-69.45%	-41.39%	-28.06%
Current Drawdown Current decline from peak	-58.34%	-0.63%	-57.71%
Average Drawdown Average peak-to-trough decline	-26.45%	-4.68%	-21.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.84%	2.99%	+14.85%

Volatility

PSMMY vs. SPHD - Volatility Comparison

Persimmon Plc (PSMMY) has a higher volatility of 10.67% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.82%. This indicates that PSMMY'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.

Volatility by Period

	PSMMY	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.67%	4.82%	+5.85%
Volatility (6M) Calculated over the trailing 6-month period	28.44%	8.70%	+19.74%
Volatility (1Y) Calculated over the trailing 1-year period	34.56%	11.70%	+22.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.96%	14.20%	+22.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.59%	17.64%	+20.95%

Dividends

PSMMY vs. SPHD - Dividend Comparison

PSMMY's dividend yield for the trailing twelve months is around 5.76%, more than SPHD's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSMMY Persimmon Plc	5.76%	4.43%	5.17%	5.40%	20.63%	8.10%	7.91%	8.26%	12.82%	5.15%	14.45%	4.50%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.48%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%

Frequently Asked Questions

Can I hold both PSMMY and SPHD in my portfolio?

PSMMY and SPHD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSMMY or SPHD?

PSMMY has higher volatility (10.67%) compared to SPHD (4.82%). In terms of maximum drawdown, PSMMY dropped -69.45% vs SPHD's -41.39%.

Which has better risk-adjusted returns?

SPHD currently has the higher Sharpe Ratio (1.05 vs -0.31), 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.