QFHD vs. SPYD

Last updated Jun 26, 2026

QFHD (Pacer S&P 500 Quality FCF High Dividend ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - QFHD is a Dividend fund tracking the S&P 500 Quality FCF High Dividend Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. QFHD charges 0.49%/yr vs 0.07%/yr for SPYD.

Performance

QFHD vs. SPYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer S&P 500 Quality FCF High Dividend ETF (QFHD) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QFHD

• 1D: 0.56%
• 1M: 1.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYD

• 1D: 0.75%
• 1M: 2.24%
• YTD: 13.71%
• 6M: 13.22%
• 1Y: 20.49%
• 3Y*: 14.90%
• 5Y*: 8.08%
• 10Y*: 9.19%

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

QFHD vs. SPYD - Yearly Performance Comparison

	2026 (YTD)
QFHD Pacer S&P 500 Quality FCF High Dividend ETF	7.93%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	11.27%

Correlation

The correlation between QFHD and SPYD is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.90

Return for Risk

QFHD vs. SPYD — Risk / Return Rank

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

QFHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPYD

SPYD Risk / Return Rank: 61
SPYD Sharpe Ratio Rank: 61
SPYD Sortino Ratio Rank: 66
SPYD Omega Ratio Rank: 55
SPYD Calmar Ratio Rank: 68
SPYD Martin Ratio Rank: 55

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.

QFHD vs. SPYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer S&P 500 Quality FCF High Dividend ETF (QFHD) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.

	QFHD	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.75	—
Sortino ratio: Return per unit of downside risk	—	2.60	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.92	—
Martin ratio: Return relative to average drawdown	—	8.40	—

Drawdowns

QFHD vs. SPYD - Drawdown Comparison

The maximum QFHD drawdown since its inception was -5.52%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for QFHD and SPYD.

Drawdown Indicators

	QFHD	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-5.52%	-46.42%	+40.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.42%	—
Current Drawdown Current decline from peak	-0.89%	-0.88%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.02%	-6.14%	+4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.44%	—

Volatility

Volatility by Period

	QFHD	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	11.87%	-1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.45%	16.07%	-5.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.45%	19.78%	-9.33%

QFHD vs. SPYD - Expense Ratio Comparison

QFHD has a 0.49% expense ratio, which is higher than SPYD's 0.07% expense ratio.

Dividends

QFHD vs. SPYD - Dividend Comparison

QFHD's dividend yield for the trailing twelve months is around 1.33%, less than SPYD's 4.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QFHD Pacer S&P 500 Quality FCF High Dividend ETF	1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.22%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%

Frequently Asked Questions

Can I hold both QFHD and SPYD in my portfolio?

With a correlation of 0.90, QFHD and SPYD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QFHD or SPYD?

On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QFHD or SPYD?

SPYD is cheaper with a 0.07% expense ratio, compared with 0.49% for QFHD.

Which ETF pays a higher dividend yield, QFHD or SPYD?

SPYD has the higher dividend yield at 4.22%, compared with 1.33% for QFHD.

What is the main difference between QFHD and SPYD?

QFHD is categorized as Dividend, while SPYD is S&P 500. QFHD tracks S&P 500 Quality FCF High Dividend Index, while SPYD tracks S&P 500 High Dividend Index. They also come from different issuers: Pacer and State Street. Their fees differ too: 0.49% for QFHD and 0.07% for SPYD.