QQQM vs. SPHD
Compare and contrast key facts about Invesco NASDAQ 100 ETF (QQQM) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
QQQM and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. 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 QQQM 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
QQQM vs. SPHD - Performance Comparison
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QQQM vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | -4.75% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.67% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.26% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | 11.08% |
Returns By Period
In the year-to-date period, QQQM achieves a -4.75% return, which is significantly lower than SPHD's 4.26% return.
QQQM
- 1D
- 1.24%
- 1M
- -3.78%
- YTD
- -4.75%
- 6M
- -2.87%
- 1Y
- 24.28%
- 3Y*
- 22.91%
- 5Y*
- 13.24%
- 10Y*
- —
SPHD
- 1D
- -0.36%
- 1M
- -5.48%
- YTD
- 4.26%
- 6M
- 1.88%
- 1Y
- 3.30%
- 3Y*
- 9.85%
- 5Y*
- 6.98%
- 10Y*
- 7.20%
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QQQM vs. SPHD - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Return for Risk
QQQM vs. SPHD — Risk / Return Rank
QQQM
SPHD
QQQM vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.
| QQQM | SPHD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.23 | +0.86 |
Sortino ratioReturn per unit of downside risk | 1.68 | 0.42 | +1.26 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.05 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.25 | +1.77 |
Martin ratioReturn relative to average drawdown | 7.35 | 0.80 | +6.55 |
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
| QQQM | SPHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.23 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.49 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.58 | +0.05 |
Correlation
The correlation between QQQM and SPHD is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QQQM vs. SPHD - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.53%, less than SPHD's 4.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.53% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.32% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Drawdowns
QQQM vs. SPHD - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for QQQM and SPHD.
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Drawdown Indicators
| QQQM | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -41.39% | +6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.55% | -11.33% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -35.04% | -19.50% | -15.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -7.86% | -5.48% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -4.70% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.53% | -0.09% |
Volatility
QQQM vs. SPHD - Volatility Comparison
Invesco NASDAQ 100 ETF (QQQM) has a higher volatility of 6.58% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.15%. This indicates that QQQM'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
| QQQM | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 3.15% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.79% | 7.86% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 14.46% | +7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 14.20% | +8.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 17.65% | +4.61% |