QQLV vs. SPHD
Compare and contrast key facts about Invesco QQQ Low Volatility ETF (QQLV) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
QQLV and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQLV is a passively managed fund by Invesco that tracks the performance of the Nasdaq Low Volatility Index. It was launched on Dec 4, 2024. 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 QQLV 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.
Performance
QQLV vs. SPHD - Performance Comparison
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QQLV vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 0.31% | 4.19% | -5.60% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.64% | 3.41% | -3.99% |
Returns By Period
In the year-to-date period, QQLV achieves a 0.31% return, which is significantly lower than SPHD's 4.64% return.
QQLV
- 1D
- 0.64%
- 1M
- -4.88%
- YTD
- 0.31%
- 6M
- -1.91%
- 1Y
- -1.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- 0.55%
- 1M
- -4.99%
- YTD
- 4.64%
- 6M
- 2.81%
- 1Y
- 3.20%
- 3Y*
- 9.99%
- 5Y*
- 7.05%
- 10Y*
- 7.24%
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QQLV vs. SPHD - Expense Ratio Comparison
QQLV has a 0.25% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Return for Risk
QQLV vs. SPHD — Risk / Return Rank
QQLV
SPHD
QQLV vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Low Volatility ETF (QQLV) 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.
| QQLV | SPHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | 0.22 | -0.35 |
Sortino ratioReturn per unit of downside risk | -0.09 | 0.41 | -0.50 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.05 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.38 | -0.44 |
Martin ratioReturn relative to average drawdown | -0.14 | 1.22 | -1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQLV | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | 0.22 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.59 | -0.67 |
Correlation
The correlation between QQLV and SPHD is 0.76, 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.
Dividends
QQLV vs. SPHD - Dividend Comparison
QQLV's dividend yield for the trailing twelve months is around 1.95%, less than SPHD's 4.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 1.95% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.31% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Drawdowns
QQLV vs. SPHD - Drawdown Comparison
The maximum QQLV drawdown since its inception was -9.54%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for QQLV and SPHD.
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Drawdown Indicators
| QQLV | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -41.39% | +31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -11.33% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -5.15% | -5.14% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -4.70% | +1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.67% | -0.06% |
Volatility
QQLV vs. SPHD - Volatility Comparison
Invesco QQQ Low Volatility ETF (QQLV) has a higher volatility of 3.46% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.21%. This indicates that QQLV'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
| QQLV | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.21% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.06% | 7.91% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.29% | 14.51% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 14.20% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 17.65% | -4.70% |