SPHD vs. VHYL.AS
SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index, while VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, SPHD returned 7.65%/yr vs 10.46%/yr for VHYL.AS. A 0.53 correlation means they provide meaningful diversification when combined. SPHD charges 0.30%/yr vs 0.29%/yr for VHYL.AS.
Performance
SPHD vs. VHYL.AS - Performance Comparison
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Different Trading Currencies
SPHD is traded in USD, while VHYL.AS is traded in EUR. To make them comparable, the VHYL.AS 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 lower than VHYL.AS's 12.32% return. Over the past 10 years, SPHD has underperformed VHYL.AS with an annualized return of 7.65%, while VHYL.AS has yielded a comparatively higher 10.46% annualized 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%
VHYL.AS
- 1D
- 1.48%
- 1M
- 2.04%
- YTD
- 12.32%
- 6M
- 13.92%
- 1Y
- 27.26%
- 3Y*
- 18.56%
- 5Y*
- 10.72%
- 10Y*
- 10.46%
SPHD vs. VHYL.AS - 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% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 12.32% | 27.49% | 9.55% | 10.41% | -5.85% | 19.14% | -0.72% | 20.52% | -11.34% | 19.64% |
Correlation
The correlation between SPHD and VHYL.AS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.53 |
The correlation between SPHD and VHYL.AS has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
SPHD vs. VHYL.AS — Risk / Return Rank
SPHD
VHYL.AS
SPHD vs. VHYL.AS - 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 Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). 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 | VHYL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.41 | -1.65 |
| Martin ratioReturn relative to average drawdown | 4.36 | 12.21 | -7.84 |
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Drawdowns
SPHD vs. VHYL.AS - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, which is greater than VHYL.AS's maximum drawdown of -36.02%. Use the drawdown chart below to compare losses from any high point for SPHD and VHYL.AS.
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Drawdown Indicators
| SPHD | VHYL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.39% | -36.02% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -7.74% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -13.58% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -20.99% | +1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -41.39% | -36.02% | -5.37% |
Current DrawdownCurrent decline from peak | -0.52% | 0.00% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -8.87% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.17% | +0.79% |
Volatility
SPHD vs. VHYL.AS - Volatility Comparison
Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a higher volatility of 3.67% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) at 2.93%. This indicates that SPHD's price experiences larger fluctuations and is considered to be riskier than VHYL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHD | VHYL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.93% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 8.34% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 10.47% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 13.40% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 14.66% | +2.99% |
SPHD vs. VHYL.AS - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is higher than VHYL.AS's 0.29% expense ratio.
Dividends
SPHD vs. VHYL.AS - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 4.40%, more than VHYL.AS's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 2.46% | 2.85% | 3.04% | 3.41% | 3.78% | 3.03% | 3.08% | 3.24% | 3.68% | 3.13% | 3.02% | 3.25% |
Frequently Asked Questions
SPHD and VHYL.AS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYL.AS is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYL.AS is cheaper with a 0.29% expense ratio, compared with 0.30% for SPHD.
SPHD is categorized as Dividend, while VHYL.AS is Global Equities. SPHD tracks S&P 500 Low Volatility High Dividend Index, while VHYL.AS tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.30% for SPHD and 0.29% for VHYL.AS.
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