QDF vs. SPHD
Compare and contrast key facts about FlexShares Quality Dividend Index Fund (QDF) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
QDF and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDF is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Dividend Index. It was launched on Dec 14, 2012. 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. Both QDF and SPHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QDF or SPHD.
Key characteristics
| QDF | SPHD | |
|---|---|---|
| YTD Return | 3.77% | 4.70% |
| 1Y Return | 21.56% | 12.61% |
| 3Y Return (Ann) | 7.06% | 3.35% |
| 5Y Return (Ann) | 9.54% | 4.99% |
| 10Y Return (Ann) | 9.61% | 8.02% |
| Sharpe Ratio | 1.74 | 0.94 |
| Daily Std Dev | 11.79% | 12.85% |
| Max Drawdown | -36.67% | -41.39% |
| Current Drawdown | -3.41% | -3.09% |
Correlation
The correlation between QDF 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.
Performance
QDF vs. SPHD - Performance Comparison
In the year-to-date period, QDF achieves a 3.77% return, which is significantly lower than SPHD's 4.70% return. Over the past 10 years, QDF has outperformed SPHD with an annualized return of 9.61%, while SPHD has yielded a comparatively lower 8.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QDF vs. SPHD - Expense Ratio Comparison
QDF has a 0.37% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
QDF vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Index Fund (QDF) 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.
Dividends
QDF vs. SPHD - Dividend Comparison
QDF's dividend yield for the trailing twelve months is around 2.08%, less than SPHD's 4.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDF FlexShares Quality Dividend Index Fund | 2.08% | 2.19% | 2.45% | 1.90% | 2.38% | 3.05% | 4.29% | 2.70% | 3.07% | 3.04% | 2.70% | 2.08% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.31% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
QDF vs. SPHD - Drawdown Comparison
The maximum QDF drawdown since its inception was -36.67%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for QDF and SPHD. For additional features, visit the drawdowns tool.
Volatility
QDF vs. SPHD - Volatility Comparison
FlexShares Quality Dividend Index Fund (QDF) has a higher volatility of 3.91% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.72%. This indicates that QDF'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.