SPHD vs. GGRP.L

Last updated Jun 14, 2026

SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) are both exchange-traded funds - SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index, while GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, SPHD returned 6.47%/yr vs 7.85%/yr for GGRP.L. At a 0.43 correlation, their price movements are largely independent. SPHD charges 0.30%/yr vs 0.38%/yr for GGRP.L.

Performance

SPHD vs. GGRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPHD is traded in USD, while GGRP.L is traded in GBp. To make them comparable, the GGRP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPHD achieves a 9.74% return, which is significantly higher than GGRP.L's 4.48% return.

SPHD

• 1D: 1.10%
• 1M: 4.61%
• YTD: 9.74%
• 6M: 9.46%
• 1Y: 13.98%
• 3Y*: 12.34%
• 5Y*: 6.47%
• 10Y*: 7.65%

GGRP.L

• 1D: 1.07%
• 1M: 1.26%
• YTD: 4.48%
• 6M: 5.50%
• 1Y: 15.76%
• 3Y*: 12.60%
• 5Y*: 7.85%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPHD vs. GGRP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	9.74%	3.41%	18.08%	1.32%	0.58%	24.98%	-9.98%	20.26%	-6.17%	11.90%
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD	4.48%	16.68%	9.22%	17.49%	-13.56%	19.87%	14.98%	33.45%	-10.74%	28.54%

Correlation

The correlation between SPHD and GGRP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Nov 2, 2016	0.43

Return for Risk

SPHD vs. GGRP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPHD

SPHD Risk / Return Rank: 36
SPHD Sharpe Ratio Rank: 36
SPHD Sortino Ratio Rank: 38
SPHD Omega Ratio Rank: 32
SPHD Calmar Ratio Rank: 40
SPHD Martin Ratio Rank: 33

GGRP.L

GGRP.L Risk / Return Rank: 52
GGRP.L Sharpe Ratio Rank: 54
GGRP.L Sortino Ratio Rank: 57
GGRP.L Omega Ratio Rank: 55
GGRP.L Calmar Ratio Rank: 44
GGRP.L Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPHD vs. GGRP.L - 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 WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L). 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	GGRP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.26	-0.11
Sortino ratio: Return per unit of downside risk	1.74	1.98	-0.24
Omega ratio: Gain probability vs. loss probability	1.20	1.23	-0.03
Calmar ratio: Return relative to maximum drawdown	1.76	1.43	+0.33
Martin ratio: Return relative to average drawdown	4.36	5.75	-1.39

SPHD vs. GGRP.L - Sharpe Ratio Comparison

The current SPHD Sharpe Ratio is 1.15, which is comparable to the GGRP.L Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of SPHD and GGRP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPHD vs. GGRP.L - Drawdown Comparison

The maximum SPHD drawdown since its inception was -41.39%, which is greater than GGRP.L's maximum drawdown of -30.97%. Use the drawdown chart below to compare losses from any high point for SPHD and GGRP.L.

Drawdown Indicators

	SPHD	GGRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.39%	-30.97%	-10.42%
Max Drawdown (1Y) Largest decline over 1 year	-7.33%	-10.21%	+2.88%
Max Drawdown (3Y) Largest decline over 3 years	-13.29%	-15.10%	+1.81%
Max Drawdown (5Y) Largest decline over 5 years	-19.50%	-25.16%	+5.66%
Max Drawdown (10Y) Largest decline over 10 years	-41.39%	—	—
Current Drawdown Current decline from peak	-0.52%	-0.48%	-0.04%
Average Drawdown Average peak-to-trough decline	-4.70%	-5.09%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.55%	+0.41%

Volatility

SPHD vs. GGRP.L - Volatility Comparison

Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a higher volatility of 3.67% compared to WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) at 2.66%. This indicates that SPHD's price experiences larger fluctuations and is considered to be riskier than GGRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHD	GGRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	2.66%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	9.22%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	11.59%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	14.23%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	16.04%	+1.61%

SPHD vs. GGRP.L - Expense Ratio Comparison

SPHD has a 0.30% expense ratio, which is lower than GGRP.L's 0.38% expense ratio.

Dividends

SPHD vs. GGRP.L - Dividend Comparison

SPHD's dividend yield for the trailing twelve months is around 4.40%, more than GGRP.L's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD	1.13%	1.23%	1.61%	1.84%	2.42%	1.60%	0.84%	0.78%	2.14%	1.42%	0.00%	0.00%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.40%	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

Can I hold both SPHD and GGRP.L in my portfolio?

SPHD and GGRP.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPHD or GGRP.L?

On fees, SPHD is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPHD or GGRP.L?

SPHD is cheaper with a 0.30% expense ratio, compared with 0.38% for GGRP.L.

What is the main difference between SPHD and GGRP.L?

SPHD is categorized as Dividend, while GGRP.L is Global Equities. SPHD tracks S&P 500 Low Volatility High Dividend Index, while GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.30% for SPHD and 0.38% for GGRP.L.