PXQ vs. SPHD
PXQ (Invesco Next Gen Connectivity ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - PXQ is a Technology Equities fund tracking the STOXX World AC NexGen Connectivity Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, PXQ returned 21.11%/yr vs 7.55%/yr for SPHD. At a 0.39 correlation, their price movements are largely independent. PXQ charges 0.40%/yr vs 0.30%/yr for SPHD.
Performance
PXQ vs. SPHD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PXQ achieves a 54.15% return, which is significantly higher than SPHD's 8.20% return. Over the past 10 years, PXQ has outperformed SPHD with an annualized return of 21.11%, while SPHD has yielded a comparatively lower 7.55% annualized return.
PXQ
- 1D
- -5.38%
- 1M
- 5.48%
- YTD
- 54.15%
- 6M
- 54.94%
- 1Y
- 84.85%
- 3Y*
- 40.93%
- 5Y*
- 19.32%
- 10Y*
- 21.11%
SPHD
- 1D
- 1.63%
- 1M
- 0.82%
- YTD
- 8.20%
- 6M
- 8.56%
- 1Y
- 12.09%
- 3Y*
- 12.70%
- 5Y*
- 7.06%
- 10Y*
- 7.55%
PXQ vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 54.15% | 28.65% | 19.41% | 27.39% | -29.54% | 21.83% | 39.14% | 26.35% | 5.78% | 15.41% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.20% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between PXQ and SPHD is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.39 |
Over the past year, the correlation between PXQ and SPHD has dropped to 0.02 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PXQ vs. SPHD — Risk / Return Rank
PXQ
SPHD
PXQ vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Connectivity ETF (PXQ) 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.
| PXQ | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.18 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 6.94 | 1.66 | +5.28 |
| Martin ratioReturn relative to average drawdown | 30.00 | 4.06 | +25.94 |
Loading charts...
Drawdowns
PXQ vs. SPHD - Drawdown Comparison
The maximum PXQ drawdown since its inception was -57.18%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for PXQ and SPHD.
Loading charts...
Drawdown Indicators
| PXQ | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.18% | -41.39% | -15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -7.33% | -4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -13.29% | -8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -19.50% | -15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -41.39% | +6.84% |
Current DrawdownCurrent decline from peak | -6.27% | -1.91% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -4.69% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.98% | -0.14% |
Volatility
PXQ vs. SPHD - Volatility Comparison
Invesco Next Gen Connectivity ETF (PXQ) has a higher volatility of 15.64% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.26%. This indicates that PXQ'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 charts...
Volatility by Period
| PXQ | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.64% | 4.26% | +11.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | 8.13% | +13.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.15% | 11.48% | +13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.96% | 14.16% | +9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.33% | 17.65% | +5.68% |
PXQ vs. SPHD - Expense Ratio Comparison
PXQ has a 0.40% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
PXQ vs. SPHD - Dividend Comparison
PXQ's dividend yield for the trailing twelve months is around 0.62%, less than SPHD's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXQ Invesco Next Gen Connectivity ETF | 0.62% | 0.86% | 1.38% | 0.60% | 2.24% | 0.55% | 0.18% | 0.44% | 1.22% | 0.66% | 0.44% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 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
PXQ and SPHD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXQ has higher volatility (15.64%) compared to SPHD (4.26%). In terms of maximum drawdown, PXQ dropped -57.18% vs SPHD's -41.39%.
On 10-year performance, PXQ leads with 21.11% vs 7.55% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PXQ has performed better with a 21.11% return vs 7.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.40% for PXQ.
SPHD has the higher dividend yield at 4.60%, compared with 0.62% for PXQ.
PXQ is categorized as Technology Equities, while SPHD is Dividend. PXQ tracks STOXX World AC NexGen Connectivity Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.40% for PXQ and 0.30% for SPHD.
PXQ currently has the higher Sharpe Ratio (3.42 vs 1.06), 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.
Find the right allocation for PXQ and SPHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer