SPHD vs. NVII
SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and NVII (REX NVDA Growth & Income ETF) are both exchange-traded funds - SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index, while NVII is a Derivative Income fund actively managed by REX. SPHD is passively managed, while NVII is actively managed. Over the past year, SPHD returned 8.12% vs 62.33% for NVII. At a correlation of -0.18, they often move in opposite directions. SPHD charges 0.30%/yr vs 0.99%/yr for NVII.
Performance
SPHD vs. NVII - Performance Comparison
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Returns By Period
In the year-to-date period, SPHD achieves a 4.38% return, which is significantly lower than NVII's 15.50% return.
SPHD
- 1D
- -0.89%
- 1M
- -0.82%
- YTD
- 4.38%
- 6M
- 4.63%
- 1Y
- 8.12%
- 3Y*
- 11.42%
- 5Y*
- 5.48%
- 10Y*
- 7.08%
NVII
- 1D
- -3.35%
- 1M
- 6.25%
- YTD
- 15.50%
- 6M
- 18.61%
- 1Y
- 62.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHD vs. NVII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.38% | 4.66% |
NVII REX NVDA Growth & Income ETF | 15.50% | 48.28% |
Correlation
The correlation between SPHD and NVII is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | -0.18 |
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Return for Risk
SPHD vs. NVII — Risk / Return Rank
SPHD
NVII
SPHD vs. NVII - 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 REX NVDA Growth & Income ETF (NVII). 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.
| SPHD | NVII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.39 | -2.28 |
| Martin ratioReturn relative to average drawdown | 2.78 | 8.64 | -5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPHD | NVII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.83 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 2.04 | -1.46 |
Drawdowns
SPHD vs. NVII - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, which is greater than NVII's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for SPHD and NVII.
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Drawdown Indicators
| SPHD | NVII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.39% | -18.47% | -22.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -18.47% | +11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.39% | — | — |
Current DrawdownCurrent decline from peak | -5.37% | -8.54% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -5.50% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 7.24% | -4.31% |
Volatility
SPHD vs. NVII - Volatility Comparison
The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 2.99%, while REX NVDA Growth & Income ETF (NVII) has a volatility of 12.22%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHD | NVII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 12.22% | -9.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 25.24% | -17.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 34.40% | -23.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 34.54% | -20.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 34.54% | -16.90% |
SPHD vs. NVII - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is lower than NVII's 0.99% expense ratio.
Dividends
SPHD vs. NVII - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 4.62%, less than NVII's 51.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVII REX NVDA Growth & Income ETF | 51.55% | 29.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.62% | 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 NVII have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVII has higher volatility (12.22%) compared to SPHD (2.99%). In terms of maximum drawdown, SPHD dropped -41.39% vs NVII's -18.47%.
On 1-year performance, NVII leads with 62.33% vs 8.12% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVII has performed better with a 62.33% return vs 8.12%. 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 0.99% for NVII.
NVII has the higher dividend yield at 51.55%, compared with 4.62% for SPHD.
SPHD is categorized as Dividend, while NVII is Derivative Income. They also come from different issuers: Invesco and REX. Their fees differ too: 0.30% for SPHD and 0.99% for NVII.
NVII currently has the higher Sharpe Ratio (1.83 vs 0.74), 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.
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