QQQJ vs. SPHD

Last updated Jun 4, 2026

QQQJ (Invesco NASDAQ Next Gen 100 ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - QQQJ is a Large Cap Growth Equities fund tracking the NASDAQ Next Generation 100 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, QQQJ returned 7.69%/yr vs 5.48%/yr for SPHD. At a 0.44 correlation, their price movements are largely independent. QQQJ charges 0.15%/yr vs 0.30%/yr for SPHD.

Performance

QQQJ vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Next Gen 100 ETF (QQQJ) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQJ achieves a 23.23% return, which is significantly higher than SPHD's 4.38% return.

QQQJ

• 1D: -0.68%
• 1M: 11.40%
• YTD: 23.23%
• 6M: 23.58%
• 1Y: 46.58%
• 3Y*: 22.25%
• 5Y*: 7.69%
• 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%

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

QQQJ vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QQQJ Invesco NASDAQ Next Gen 100 ETF	23.23%	20.44%	15.36%	13.68%	-28.25%	9.76%	15.25%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.38%	3.41%	18.08%	1.32%	0.58%	24.98%	11.08%

Correlation

The correlation between QQQJ and SPHD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.44

The correlation between QQQJ and SPHD shifts across timeframes, from 0.28 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.

QQQJ vs. SPHD - Sectors Allocation Comparison

Sectors	QQQJ	SPHD
Technology	39.3%	1.5%
Healthcare	18.3%	5.1%
Consumer Cyclical	11.4%	3.4%
Industrials	11.2%	0.0%
Communication Services	6.8%	8.6%
Basic Materials	2.7%	-
Consumer Defensive	2.6%	17.8%
Energy	2.6%	14.1%
Utilities	2.6%	13.7%
Financial Services	1.0%	15.6%
Real Estate	-	20.1%

Return for Risk

QQQJ vs. SPHD — Risk / Return Rank

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

QQQJ

QQQJ Risk / Return Rank: 77
QQQJ Sharpe Ratio Rank: 78
QQQJ Sortino Ratio Rank: 75
QQQJ Omega Ratio Rank: 73
QQQJ Calmar Ratio Rank: 77
QQQJ Martin Ratio Rank: 83

SPHD

SPHD Risk / Return Rank: 21
SPHD Sharpe Ratio Rank: 21
SPHD Sortino Ratio Rank: 21
SPHD Omega Ratio Rank: 19
SPHD Calmar Ratio Rank: 23
SPHD Martin Ratio Rank: 22

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.

QQQJ vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Next Gen 100 ETF (QQQJ) 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.

	QQQJ	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	2.59	0.74	+1.85
Sortino ratio: Return per unit of downside risk	3.47	1.15	+2.32
Omega ratio: Gain probability vs. loss probability	1.44	1.13	+0.32
Calmar ratio: Return relative to maximum drawdown	3.95	1.11	+2.84
Martin ratio: Return relative to average drawdown	17.03	2.78	+14.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQJ vs. SPHD - Sharpe Ratio Comparison

The current QQQJ Sharpe Ratio is 2.59, which is higher than the SPHD Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of QQQJ and SPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQJ	SPHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	0.74	+1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.39	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.58	-0.10

Drawdowns

QQQJ vs. SPHD - Drawdown Comparison

The maximum QQQJ drawdown since its inception was -39.57%, roughly equal to the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for QQQJ and SPHD.

Drawdown Indicators

	QQQJ	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-39.57%	-41.39%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-7.33%	-4.51%
Max Drawdown (3Y) Largest decline over 3 years	-22.46%	-13.29%	-9.17%
Max Drawdown (5Y) Largest decline over 5 years	-39.57%	-19.50%	-20.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.39%	—
Current Drawdown Current decline from peak	-0.68%	-5.37%	+4.69%
Average Drawdown Average peak-to-trough decline	-15.74%	-4.70%	-11.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.93%	-0.19%

Volatility

QQQJ vs. SPHD - Volatility Comparison

Invesco NASDAQ Next Gen 100 ETF (QQQJ) has a higher volatility of 5.62% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.99%. This indicates that QQQJ'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.

Volatility by Period

	QQQJ	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	2.99%	+2.63%
Volatility (6M) Calculated over the trailing 6-month period	14.65%	7.55%	+7.10%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	11.04%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	14.16%	+7.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.06%	17.64%	+4.42%

QQQJ vs. SPHD - Expense Ratio Comparison

QQQJ has a 0.15% expense ratio, which is lower than SPHD's 0.30% expense ratio.

Dividends

QQQJ vs. SPHD - Dividend Comparison

QQQJ's dividend yield for the trailing twelve months is around 0.71%, less than SPHD's 4.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQJ Invesco NASDAQ Next Gen 100 ETF	0.71%	0.85%	0.77%	0.67%	0.76%	0.91%	0.09%	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

Can I hold both QQQJ and SPHD in my portfolio?

QQQJ and SPHD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQJ or SPHD?

QQQJ has higher volatility (5.62%) compared to SPHD (2.99%). In terms of maximum drawdown, QQQJ dropped -39.57% vs SPHD's -41.39%.

Which ETF is better, QQQJ or SPHD?

On 5-year performance, QQQJ leads with 7.69% vs 5.48% for SPHD. On fees, QQQJ is cheaper at 0.15% per year. On volatility, SPHD has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQJ or SPHD?

Over the 5-year period, QQQJ has performed better with a 7.69% return vs 5.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQJ or SPHD?

QQQJ is cheaper with a 0.15% expense ratio, compared with 0.30% for SPHD.

Which ETF pays a higher dividend yield, QQQJ or SPHD?

SPHD has the higher dividend yield at 4.62%, compared with 0.71% for QQQJ.

What is the main difference between QQQJ and SPHD?

QQQJ is categorized as Large Cap Growth Equities, while SPHD is Dividend. QQQJ tracks NASDAQ Next Generation 100 Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.15% for QQQJ and 0.30% for SPHD.

Which has better risk-adjusted returns?

QQQJ currently has the higher Sharpe Ratio (2.59 vs 0.74), 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.