QQLV vs. SPHD
QQLV (Invesco QQQ Low Volatility ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - QQLV is a Large Cap Blend Equities fund tracking the Nasdaq Low Volatility Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past year, QQLV returned -1.95% vs 8.12% for SPHD. A 0.76 correlation means they provide meaningful diversification when combined. QQLV charges 0.25%/yr vs 0.30%/yr for SPHD.
Performance
QQLV vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, QQLV achieves a 1.94% return, which is significantly lower than SPHD's 4.38% return.
QQLV
- 1D
- -0.03%
- 1M
- -0.15%
- YTD
- 1.94%
- 6M
- 1.06%
- 1Y
- -1.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- -0.89%
- 1M
- -0.82%
- YTD
- 4.38%
- 6M
- 4.63%
- 1Y
- 8.12%
- 3Y*
- 11.42%
- 5Y*
- 5.48%
- 10Y*
- 7.08%
QQLV vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 1.94% | 4.19% | -5.60% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.38% | 3.41% | -3.99% |
Correlation
The correlation between QQLV and SPHD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.76 |
The correlation between QQLV and SPHD has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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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 | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.13 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.11 | -1.38 |
| Martin ratioReturn relative to average drawdown | -0.52 | 2.78 | -3.30 |
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 | -0.19 | 0.74 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.58 | -0.57 |
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 | -7.35% | -7.33% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.29% | — |
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 | -3.61% | -5.37% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -4.70% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.93% | +0.80% |
Volatility
QQLV vs. SPHD - Volatility Comparison
The current volatility for Invesco QQQ Low Volatility ETF (QQLV) is 2.66%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.99%. This indicates that QQLV experiences smaller price fluctuations and is considered to be less risky 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 | 2.66% | 2.99% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 7.55% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 11.04% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 14.16% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 17.64% | -4.94% |
QQLV vs. SPHD - Expense Ratio Comparison
QQLV has a 0.25% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
QQLV vs. SPHD - Dividend Comparison
QQLV's dividend yield for the trailing twelve months is around 2.06%, less than SPHD's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQLV Invesco QQQ Low Volatility ETF | 2.06% | 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 | 4.62% | 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
QQLV and SPHD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (2.99%) compared to QQLV (2.66%). In terms of maximum drawdown, QQLV dropped -9.54% vs SPHD's -41.39%.
On 1-year performance, SPHD leads with 8.12% vs -1.95% for QQLV. On fees, QQLV is cheaper at 0.25% per year. On volatility, QQLV has been the lower-risk option at 2.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPHD has performed better with a 8.12% return vs -1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQLV is cheaper with a 0.25% expense ratio, compared with 0.30% for SPHD.
SPHD has the higher dividend yield at 4.62%, compared with 2.06% for QQLV.
QQLV is categorized as Large Cap Blend Equities, while SPHD is Dividend. QQLV tracks Nasdaq Low Volatility Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.25% for QQLV and 0.30% for SPHD.
SPHD currently has the higher Sharpe Ratio (0.74 vs -0.19), 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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