SPHD vs. SCHD
Compare and contrast key facts about Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and Schwab US Dividend Equity ETF (SCHD).
SPHD and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both SPHD and SCHD 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 SCHD.
Performance
SPHD vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, SPHD achieves a 21.33% return, which is significantly higher than SCHD's 15.93% return. Over the past 10 years, SPHD has underperformed SCHD with an annualized return of 8.66%, while SCHD has yielded a comparatively higher 11.46% annualized return.
SPHD
21.33%
-1.88%
11.75%
31.17%
7.36%
8.66%
SCHD
15.93%
-0.59%
9.36%
25.99%
12.42%
11.46%
Key characteristics
| SPHD | SCHD | |
|---|---|---|
| Sharpe Ratio | 2.75 | 2.25 |
| Sortino Ratio | 3.94 | 3.25 |
| Omega Ratio | 1.51 | 1.39 |
| Calmar Ratio | 2.13 | 3.05 |
| Martin Ratio | 18.92 | 12.25 |
| Ulcer Index | 1.62% | 2.04% |
| Daily Std Dev | 11.16% | 11.09% |
| Max Drawdown | -41.39% | -33.37% |
| Current Drawdown | -2.00% | -1.82% |
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SPHD vs. SCHD - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Correlation
The correlation between SPHD and SCHD is 0.86, 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.
Risk-Adjusted Performance
SPHD vs. SCHD - 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 Schwab US Dividend Equity ETF (SCHD). 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.
Dividends
SPHD vs. SCHD - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 3.41%, which matches SCHD's 3.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.41% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
SCHD Schwab US Dividend Equity ETF | 3.41% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
SPHD vs. SCHD - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SPHD and SCHD. For additional features, visit the drawdowns tool.
Volatility
SPHD vs. SCHD - Volatility Comparison
The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 2.62%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.55%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.