SPHD vs. XUDV

Last updated Jun 21, 2026

SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and XUDV (Franklin U.S. Dividend Booster Index ETF) are both Dividend funds - SPHD tracks the S&P 500 Low Volatility High Dividend Index while XUDV tracks the VettaFi New Frontier U.S. Dividend Select Index. Both are passively managed. Over the past year, SPHD returned 10.99% vs 31.54% for XUDV. A 0.72 correlation means they provide meaningful diversification when combined. SPHD charges 0.30%/yr vs 0.09%/yr for XUDV.

Performance

SPHD vs. XUDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and Franklin U.S. Dividend Booster Index ETF (XUDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPHD achieves a 6.25% return, which is significantly lower than XUDV's 20.82% return.

SPHD

• 1D: -0.42%
• 1M: -0.46%
• YTD: 6.25%
• 6M: 6.62%
• 1Y: 10.99%
• 3Y*: 10.77%
• 5Y*: 6.95%
• 10Y*: 7.14%

XUDV

• 1D: 1.08%
• 1M: 2.96%
• YTD: 20.82%
• 6M: 19.75%
• 1Y: 31.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPHD vs. XUDV - Yearly Performance Comparison

	2026 (YTD)	2025
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	6.25%	3.11%
XUDV Franklin U.S. Dividend Booster Index ETF	20.82%	8.52%

Correlation

The correlation between SPHD and XUDV is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.72

The correlation between SPHD and XUDV has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.

Return for Risk

SPHD vs. XUDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPHD

SPHD Risk / Return Rank: 28
SPHD Sharpe Ratio Rank: 29
SPHD Sortino Ratio Rank: 28
SPHD Omega Ratio Rank: 25
SPHD Calmar Ratio Rank: 32
SPHD Martin Ratio Rank: 28

XUDV

XUDV Risk / Return Rank: 84
XUDV Sharpe Ratio Rank: 84
XUDV Sortino Ratio Rank: 85
XUDV Omega Ratio Rank: 78
XUDV Calmar Ratio Rank: 89
XUDV Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPHD vs. XUDV - 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 Franklin U.S. Dividend Booster Index ETF (XUDV). 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	XUDV	Difference
Sharpe ratio: Return per unit of total volatility	0.99	2.60	-1.61
Sortino ratio: Return per unit of downside risk	1.50	3.61	-2.11
Omega ratio: Gain probability vs. loss probability	1.17	1.44	-0.27
Calmar ratio: Return relative to maximum drawdown	1.53	5.11	-3.58
Martin ratio: Return relative to average drawdown	3.77	17.22	-13.45

SPHD vs. XUDV - Sharpe Ratio Comparison

The current SPHD Sharpe Ratio is 0.99, which is lower than the XUDV Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of SPHD and XUDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPHD vs. XUDV - Drawdown Comparison

The maximum SPHD drawdown since its inception was -41.39%, which is greater than XUDV's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for SPHD and XUDV.

Drawdown Indicators

	SPHD	XUDV	Difference
Max Drawdown Largest peak-to-trough decline	-41.39%	-15.98%	-25.41%
Max Drawdown (1Y) Largest decline over 1 year	-7.33%	-6.34%	-0.99%
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 Drawdown Current decline from peak	-3.68%	-1.55%	-2.13%
Average Drawdown Average peak-to-trough decline	-4.69%	-2.06%	-2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.88%	+1.09%

Volatility

SPHD vs. XUDV - Volatility Comparison

The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 3.96%, while Franklin U.S. Dividend Booster Index ETF (XUDV) has a volatility of 4.59%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than XUDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHD	XUDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	4.59%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	8.82%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	12.47%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.17%	16.35%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.66%	16.35%	+1.31%

SPHD vs. XUDV - Expense Ratio Comparison

SPHD has a 0.30% expense ratio, which is higher than XUDV's 0.09% expense ratio.

Dividends

SPHD vs. XUDV - Dividend Comparison

SPHD's dividend yield for the trailing twelve months is around 4.54%, more than XUDV's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.54%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%
XUDV Franklin U.S. Dividend Booster Index ETF	2.57%	3.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPHD and XUDV in my portfolio?

SPHD and XUDV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPHD or XUDV?

XUDV has higher volatility (4.59%) compared to SPHD (3.96%). In terms of maximum drawdown, SPHD dropped -41.39% vs XUDV's -15.98%.

Which ETF is better, SPHD or XUDV?

On 1-year performance, XUDV leads with 31.54% vs 10.99% for SPHD. On fees, XUDV is cheaper at 0.09% per year. On volatility, SPHD has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPHD or XUDV?

Over the 1-year period, XUDV has performed better with a 31.54% return vs 10.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPHD or XUDV?

XUDV is cheaper with a 0.09% expense ratio, compared with 0.30% for SPHD.

Which ETF pays a higher dividend yield, SPHD or XUDV?

SPHD has the higher dividend yield at 4.54%, compared with 2.57% for XUDV.

What is the main difference between SPHD and XUDV?

SPHD tracks S&P 500 Low Volatility High Dividend Index, while XUDV tracks VettaFi New Frontier U.S. Dividend Select Index. They also come from different issuers: Invesco and Franklin. Their fees differ too: 0.30% for SPHD and 0.09% for XUDV.

Which has better risk-adjusted returns?

XUDV currently has the higher Sharpe Ratio (2.60 vs 0.99), 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.