Correlation
The correlation between SPHD and PEY 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.
SPHD vs. PEY
Compare and contrast key facts about Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and Invesco High Yield Equity Dividend Achievers™ ETF (PEY).
SPHD and PEY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004. Both SPHD and PEY 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: SPHD or PEY.
Performance
SPHD vs. PEY - Performance Comparison
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Key characteristics
SPHD:
0.77
PEY:
0.40
SPHD:
1.14
PEY:
0.70
SPHD:
1.16
PEY:
1.09
SPHD:
0.87
PEY:
0.41
SPHD:
2.74
PEY:
1.21
SPHD:
4.22%
PEY:
6.03%
SPHD:
14.70%
PEY:
17.78%
SPHD:
-41.39%
PEY:
-72.82%
SPHD:
-6.61%
PEY:
-10.24%
Returns By Period
In the year-to-date period, SPHD achieves a -0.25% return, which is significantly higher than PEY's -2.94% return. Over the past 10 years, SPHD has underperformed PEY with an annualized return of 8.10%, while PEY has yielded a comparatively higher 8.70% annualized return.
SPHD
-0.25%
0.41%
-6.61%
11.24%
3.95%
11.80%
8.10%
PEY
-2.94%
2.59%
-9.89%
6.98%
1.70%
11.99%
8.70%
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SPHD vs. PEY - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is lower than PEY's 0.53% expense ratio.
Risk-Adjusted Performance
SPHD vs. PEY — Risk-Adjusted Performance Rank
SPHD
PEY
SPHD vs. PEY - 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 Invesco High Yield Equity Dividend Achievers™ ETF (PEY). 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.
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Dividends
SPHD vs. PEY - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 3.45%, less than PEY's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.45% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.64% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% |
Drawdowns
SPHD vs. PEY - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, smaller than the maximum PEY drawdown of -72.82%. Use the drawdown chart below to compare losses from any high point for SPHD and PEY.
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Volatility
SPHD vs. PEY - Volatility Comparison
The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 4.31%, while Invesco High Yield Equity Dividend Achievers™ ETF (PEY) has a volatility of 5.41%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than PEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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