QUAL vs. SPHQ
Compare and contrast key facts about iShares Edge MSCI USA Quality Factor ETF (QUAL) and Invesco S&P 500® Quality ETF (SPHQ).
QUAL and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Quality Rankings Index. It was launched on Dec 6, 2005. Both QUAL and SPHQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QUAL or SPHQ.
Correlation
The correlation between QUAL and SPHQ is 0.95, 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.
Performance
QUAL vs. SPHQ - Performance Comparison
Key characteristics
QUAL:
0.41
SPHQ:
0.72
QUAL:
0.70
SPHQ:
1.12
QUAL:
1.10
SPHQ:
1.16
QUAL:
0.42
SPHQ:
0.76
QUAL:
1.69
SPHQ:
3.27
QUAL:
4.43%
SPHQ:
3.82%
QUAL:
18.23%
SPHQ:
17.41%
QUAL:
-34.06%
SPHQ:
-57.83%
QUAL:
-9.76%
SPHQ:
-8.15%
Returns By Period
In the year-to-date period, QUAL achieves a -5.60% return, which is significantly lower than SPHQ's -2.41% return. Over the past 10 years, QUAL has underperformed SPHQ with an annualized return of 11.82%, while SPHQ has yielded a comparatively higher 12.66% annualized return.
QUAL
-5.60%
-3.09%
-6.20%
6.55%
14.84%
11.82%
SPHQ
-2.41%
-2.63%
-1.59%
11.11%
16.10%
12.66%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QUAL vs. SPHQ - Expense Ratio Comparison
Both QUAL and SPHQ have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
QUAL vs. SPHQ — Risk-Adjusted Performance Rank
QUAL
SPHQ
QUAL vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor ETF (QUAL) and Invesco S&P 500® Quality ETF (SPHQ). 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.
Dividends
QUAL vs. SPHQ - Dividend Comparison
QUAL's dividend yield for the trailing twelve months is around 1.09%, less than SPHQ's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.09% | 1.02% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% |
SPHQ Invesco S&P 500® Quality ETF | 1.17% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
Drawdowns
QUAL vs. SPHQ - Drawdown Comparison
The maximum QUAL drawdown since its inception was -34.06%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for QUAL and SPHQ. For additional features, visit the drawdowns tool.
Volatility
QUAL vs. SPHQ - Volatility Comparison
iShares Edge MSCI USA Quality Factor ETF (QUAL) and Invesco S&P 500® Quality ETF (SPHQ) have volatilities of 13.08% and 12.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.