SPHD vs. FYLD
SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and FYLD (Cambria Foreign Shareholder Yield ETF) are both exchange-traded funds - SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index, while FYLD is a Foreign Small & Mid Cap Equities fund actively managed by Cambria. SPHD is passively managed, while FYLD is actively managed. Over the past 10 years, SPHD returned 7.24%/yr vs 11.60%/yr for FYLD. Their 0.56 correlation means they have sometimes moved together and sometimes differently. SPHD charges 0.30%/yr vs 0.59%/yr for FYLD.
Performance
SPHD vs. FYLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPHD achieves a 12.35% return, which is significantly lower than FYLD's 21.93% return. Over the past 10 years, SPHD has underperformed FYLD with an annualized return of 7.24%, while FYLD has yielded a comparatively higher 11.60% annualized return.
SPHD
- 1D
- -0.85%
- 1M
- 1.85%
- 6M
- 4.49%
- YTD
- 12.35%
- 1Y
- 14.09%
- 3Y*
- 12.62%
- 5Y*
- 7.95%
- 10Y*
- 7.24%
- ALL TIME*
- 9.82%
FYLD
- 1D
- -0.14%
- 1M
- 5.37%
- 6M
- 9.35%
- YTD
- 21.93%
- 1Y
- 35.40%
- 3Y*
- 21.91%
- 5Y*
- 12.79%
- 10Y*
- 11.60%
- ALL TIME*
- 8.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.76M | $1.76M | $3.02M | |
| $48.17M | $45.93M | $42.02M |
SPHD vs. FYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 12.35% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
FYLD Cambria Foreign Shareholder Yield ETF | 21.93% | 34.53% | 3.00% | 13.18% | -5.53% | 18.67% | 4.17% | 17.83% | -14.47% | 29.81% |
Correlation
The correlation between SPHD and FYLD is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2013 | 0.56 |
Over the past year, the correlation between SPHD and FYLD has dropped to 0.34 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPHD vs. FYLD — Risk / Return Rank
SPHD
FYLD
SPHD vs. FYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and Cambria Foreign Shareholder Yield ETF (FYLD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPHD | FYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.52 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 6.27 | -4.34 |
| Martin ratioReturn relative to average drawdown | 4.80 | 19.10 | -14.30 |
Loading charts...
Drawdowns
SPHD vs. FYLD - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, smaller than the maximum FYLD drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for SPHD and FYLD.
Loading charts...
Drawdown Indicators
| SPHD | FYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.39% | -44.55% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -5.67% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -15.15% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -25.12% | +5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -41.39% | -44.55% | +3.16% |
Current DrawdownCurrent decline from peak | -2.18% | -0.55% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -8.74% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.86% | +1.08% |
Volatility
SPHD vs. FYLD - Volatility Comparison
Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a higher volatility of 4.19% compared to Cambria Foreign Shareholder Yield ETF (FYLD) at 2.90%. This indicates that SPHD's price experiences larger fluctuations and is considered to be riskier than FYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPHD | FYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 2.90% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 9.29% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 12.03% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 16.17% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 17.75% | -0.08% |
SPHD vs. FYLD - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is lower than FYLD's 0.59% expense ratio.
Dividends
SPHD vs. FYLD - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 4.55%, more than FYLD's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYLD Cambria Foreign Shareholder Yield ETF | 3.31% | 4.07% | 5.41% | 6.06% | 6.13% | 4.74% | 3.94% | 3.73% | 5.17% | 2.85% | 2.72% | 3.98% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.55% | 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
SPHD and FYLD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPHD has higher volatility (4.19%) compared to FYLD (2.90%). In terms of maximum drawdown, SPHD dropped -41.39% vs FYLD's -44.55%.
On 10-year performance, FYLD leads with 11.60% vs 7.24% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, FYLD has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FYLD has performed better with a 11.60% return vs 7.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.59% for FYLD.
SPHD has the higher dividend yield at 4.55%, compared with 3.31% for FYLD.
SPHD is categorized as Dividend, while FYLD is Foreign Small & Mid Cap Equities. They also come from different issuers: Invesco and Cambria. Their fees differ too: 0.30% for SPHD and 0.59% for FYLD.
FYLD currently has the higher Sharpe Ratio (2.96 vs 1.20), 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.
Find the right allocation for SPHD and FYLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer