QULL vs. SPHQ
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) and Invesco S&P 500® Quality ETF (SPHQ).
QULL and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QULL is a passively managed fund by UBS that tracks the performance of the MSCI USA Sector Neutral Quality Index. It was launched on Feb 5, 2021. 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 QULL 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: QULL or SPHQ.
Key characteristics
| QULL | SPHQ | |
|---|---|---|
| YTD Return | 48.20% | 27.88% |
| 1Y Return | 68.05% | 36.21% |
| 3Y Return (Ann) | 10.74% | 11.02% |
| Sharpe Ratio | 2.89 | 3.20 |
| Sortino Ratio | 3.57 | 4.41 |
| Omega Ratio | 1.47 | 1.59 |
| Calmar Ratio | 3.55 | 6.25 |
| Martin Ratio | 18.06 | 24.30 |
| Ulcer Index | 4.07% | 1.59% |
| Daily Std Dev | 25.29% | 11.97% |
| Max Drawdown | -51.83% | -57.83% |
| Current Drawdown | -2.29% | -0.06% |
Correlation
The correlation between QULL 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
QULL vs. SPHQ - Performance Comparison
In the year-to-date period, QULL achieves a 48.20% return, which is significantly higher than SPHQ's 27.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
QULL vs. SPHQ - Expense Ratio Comparison
QULL has a 0.95% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
QULL vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) 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
QULL vs. SPHQ - Dividend Comparison
QULL has not paid dividends to shareholders, while SPHQ's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500® Quality ETF | 1.13% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
Drawdowns
QULL vs. SPHQ - Drawdown Comparison
The maximum QULL drawdown since its inception was -51.83%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for QULL and SPHQ. For additional features, visit the drawdowns tool.
Volatility
QULL vs. SPHQ - Volatility Comparison
ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) has a higher volatility of 8.05% compared to Invesco S&P 500® Quality ETF (SPHQ) at 3.39%. This indicates that QULL's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.