SPHD vs. ^GSPC
Compare and contrast key facts about Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHD or ^GSPC.
Correlation
The correlation between SPHD and ^GSPC is 0.71, 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
SPHD vs. ^GSPC - Performance Comparison
Key characteristics
SPHD:
1.12
^GSPC:
0.24
SPHD:
1.55
^GSPC:
0.47
SPHD:
1.23
^GSPC:
1.07
SPHD:
1.19
^GSPC:
0.24
SPHD:
4.55
^GSPC:
1.08
SPHD:
3.49%
^GSPC:
4.25%
SPHD:
14.16%
^GSPC:
19.00%
SPHD:
-41.39%
^GSPC:
-56.78%
SPHD:
-7.92%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, SPHD achieves a -1.64% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, SPHD has underperformed ^GSPC with an annualized return of 7.77%, while ^GSPC has yielded a comparatively higher 9.63% annualized return.
SPHD
-1.64%
-4.85%
-6.19%
12.77%
13.44%
7.77%
^GSPC
-10.18%
-6.79%
-9.92%
6.35%
14.12%
9.63%
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Risk-Adjusted Performance
SPHD vs. ^GSPC — Risk-Adjusted Performance Rank
SPHD
^GSPC
SPHD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and S&P 500 (^GSPC). 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.
Drawdowns
SPHD vs. ^GSPC - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for SPHD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
SPHD vs. ^GSPC - Volatility Comparison
The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 9.38%, while S&P 500 (^GSPC) has a volatility of 13.60%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.