QDIV vs. SPHD
QDIV (Global X S&P 500 Quality Dividend ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - QDIV is a Quality Factor fund tracking the S&P 500 Quality High Dividend Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 5 years, QDIV returned 8.39%/yr vs 8.00%/yr for SPHD. Their correlation of 0.85 means they have usually moved in the same direction. QDIV charges 0.20%/yr vs 0.30%/yr for SPHD.
Performance
QDIV vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, QDIV achieves a 16.03% return, which is significantly higher than SPHD's 12.28% return.
QDIV
- 1D
- 0.10%
- 1M
- 3.88%
- 6M
- 9.20%
- YTD
- 16.03%
- 1Y
- 21.61%
- 3Y*
- 10.13%
- 5Y*
- 8.39%
- 10Y*
- —
- ALL TIME*
- 9.17%
SPHD
- 1D
- -0.19%
- 1M
- 0.89%
- 6M
- 6.75%
- YTD
- 12.28%
- 1Y
- 15.51%
- 3Y*
- 12.02%
- 5Y*
- 8.00%
- 10Y*
- 7.28%
- ALL TIME*
- 9.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $39.86K | $80.99K | $126.73K | |
| $45.09M | $45.47M | $42.29M |
QDIV vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDIV Global X S&P 500 Quality Dividend ETF | 16.03% | 3.16% | 10.62% | 5.18% | -0.50% | 28.99% | 0.03% | 29.00% | -12.20% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 12.28% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -5.66% |
Correlation
The correlation between QDIV and SPHD is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2018 | 0.85 |
The correlation between QDIV and SPHD has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
QDIV vs. SPHD — Risk / Return Rank
QDIV
SPHD
QDIV vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Quality Dividend ETF (QDIV) 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.
| QDIV | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.08 | +0.53 |
| Martin ratioReturn relative to average drawdown | 6.67 | 5.19 | +1.48 |
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Drawdowns
QDIV vs. SPHD - Drawdown Comparison
The maximum QDIV drawdown since its inception was -41.20%, roughly equal to the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for QDIV and SPHD.
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Drawdown Indicators
| QDIV | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -41.39% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -7.33% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.81% | -13.29% | -3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -19.50% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -1.55% | -2.24% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -4.66% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.93% | +0.19% |
Volatility
QDIV vs. SPHD - Volatility Comparison
Global X S&P 500 Quality Dividend ETF (QDIV) has a higher volatility of 5.14% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.63%. This indicates that QDIV'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.
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Volatility by Period
| QDIV | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.63% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 9.12% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 11.81% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 14.24% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 17.67% | +1.68% |
QDIV vs. SPHD - Expense Ratio Comparison
QDIV has a 0.20% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
QDIV vs. SPHD - Dividend Comparison
QDIV's dividend yield for the trailing twelve months is around 2.81%, less than SPHD's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDIV Global X S&P 500 Quality Dividend ETF | 2.81% | 3.13% | 2.88% | 3.26% | 3.02% | 2.44% | 3.06% | 2.84% | 1.30% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.56% | 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
QDIV and SPHD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QDIV has higher volatility (5.14%) compared to SPHD (4.63%). In terms of maximum drawdown, QDIV dropped -41.20% vs SPHD's -41.39%.
On 5-year performance, QDIV leads with 8.39% vs 8.00% for SPHD. On fees, QDIV is cheaper at 0.20% per year. On volatility, SPHD has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QDIV has performed better with a 8.39% return vs 8.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QDIV is cheaper with a 0.20% expense ratio, compared with 0.30% for SPHD.
SPHD has the higher dividend yield at 4.56%, compared with 2.81% for QDIV.
QDIV is categorized as Quality Factor, while SPHD is Dividend. QDIV tracks S&P 500 Quality High Dividend Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.20% for QDIV and 0.30% for SPHD.
QDIV currently has the higher Sharpe Ratio (1.69 vs 1.30), 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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