SPHD vs. QQQM
SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SPHD returned 8.36%/yr vs 15.34%/yr for QQQM. At a 0.28 correlation, their price movements are largely independent. SPHD charges 0.30%/yr vs 0.15%/yr for QQQM.
Performance
SPHD vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, SPHD achieves a 13.60% return, which is significantly lower than QQQM's 15.22% return.
SPHD
- 1D
- 2.11%
- 1M
- 4.57%
- 6M
- 10.03%
- YTD
- 13.60%
- 1Y
- 15.61%
- 3Y*
- 13.23%
- 5Y*
- 8.36%
- 10Y*
- 7.34%
QQQM
- 1D
- -1.65%
- 1M
- -3.18%
- 6M
- 13.83%
- YTD
- 15.22%
- 1Y
- 27.34%
- 3Y*
- 23.46%
- 5Y*
- 15.34%
- 10Y*
- —
SPHD vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 13.60% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | 9.48% |
QQQM Invesco NASDAQ 100 ETF | 15.22% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between SPHD and QQQM is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.28 |
The correlation between SPHD and QQQM shifts across timeframes, from -0.10 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPHD vs. QQQM — Risk / Return Rank
SPHD
QQQM
SPHD vs. QQQM - 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 Invesco NASDAQ 100 ETF (QQQM). 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 | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.30 | -0.16 |
| Martin ratioReturn relative to average drawdown | 5.24 | 8.14 | -2.89 |
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Drawdowns
SPHD vs. QQQM - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for SPHD and QQQM.
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Drawdown Indicators
| SPHD | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.39% | -35.04% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -11.96% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -22.70% | +9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -35.04% | +15.54% |
Max Drawdown (10Y)Largest decline over 10 years | -41.39% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.28% | +5.28% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -8.15% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 3.37% | -0.39% |
Volatility
SPHD vs. QQQM - Volatility Comparison
The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 4.95%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 7.39%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHD | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 7.39% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 15.34% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 18.54% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 22.65% | -8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 22.30% | -4.65% |
SPHD vs. QQQM - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
SPHD vs. QQQM - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 4.38%, more than QQQM's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.45% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.38% | 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 QQQM have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (7.39%) compared to SPHD (4.95%). In terms of maximum drawdown, SPHD dropped -41.39% vs QQQM's -35.04%.
On 5-year performance, QQQM leads with 15.34% vs 8.36% for SPHD. On fees, QQQM is cheaper at 0.15% per year. On volatility, SPHD has been the lower-risk option at 4.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQM has performed better with a 15.34% return vs 8.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.30% for SPHD.
SPHD has the higher dividend yield at 4.38%, compared with 0.45% for QQQM.
SPHD is categorized as Dividend, while QQQM is Nasdaq-100. SPHD tracks S&P 500 Low Volatility High Dividend Index, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.30% for SPHD and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (1.48 vs 1.33), 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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