SPHQ vs. AVUQ

Last updated Aug 4, 2026

SPHQ (Invesco S&P 500 Quality ETF) and AVUQ (Avantis U.S. Quality ETF) are both Quality Factor funds. SPHQ is passively managed, while AVUQ is actively managed. Over the past year, SPHQ returned 21.69% vs 21.48% for AVUQ. Their 0.74 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.15% expense ratio.

Performance

SPHQ vs. AVUQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Quality ETF (SPHQ) and Avantis U.S. Quality ETF (AVUQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPHQ achieves a 14.14% return, which is significantly higher than AVUQ's 10.84% return.

SPHQ

• 1D: 0.56%
• 1M: -3.11%
• 6M: 8.93%
• YTD: 14.14%
• 1Y: 21.69%
• 3Y*: 19.92%
• 5Y*: 12.81%
• 10Y*: 14.58%
• ALL TIME*: 10.03%

AVUQ

• 1D: 1.79%
• 1M: 1.73%
• 6M: 8.78%
• YTD: 10.84%
• 1Y: 21.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.88%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AVUQ Avantis U.S. Quality ETF	$1.44M	$1.08M	$1.47M
SPHQ Invesco S&P 500 Quality ETF	$121.34M	$134.31M	$144.70M

SPHQ vs. AVUQ - Yearly Performance Comparison

	2026 (YTD)	2025
SPHQ Invesco S&P 500 Quality ETF	14.14%	13.05%
AVUQ Avantis U.S. Quality ETF	10.84%	21.84%

Correlation

The correlation between SPHQ and AVUQ is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.74

The correlation between SPHQ and AVUQ has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.

SPHQ vs. AVUQ - Sectors Allocation Comparison

Sectors	SPHQ	AVUQ
Technology	41.2%	47.2%
Industrials	17.7%	8.9%
Financial Services	15.2%	5.5%
Consumer Defensive	7.5%	3.2%
Communication Services	6.4%	12.2%
Consumer Cyclical	5.3%	13.3%
Utilities	4.5%	0.7%
Healthcare	3.2%	5.7%
Basic Materials	2.5%	1.1%
Energy	1.0%	2.1%
Real Estate	-	0.1%

Return for Risk

SPHQ vs. AVUQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPHQ

SPHQ Risk / Return Rank: 65
SPHQ Sharpe Ratio Rank: 64
SPHQ Sortino Ratio Rank: 65
SPHQ Omega Ratio Rank: 59
SPHQ Calmar Ratio Rank: 69
SPHQ Martin Ratio Rank: 69

AVUQ

AVUQ Risk / Return Rank: 51
AVUQ Sharpe Ratio Rank: 51
AVUQ Sortino Ratio Rank: 50
AVUQ Omega Ratio Rank: 47
AVUQ Calmar Ratio Rank: 51
AVUQ Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPHQ vs. AVUQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and Avantis U.S. Quality ETF (AVUQ). 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.

	SPHQ	AVUQ	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.29	+0.21
Sortino ratio: Return per unit of downside risk	2.17	1.85	+0.33
Omega ratio: Gain probability vs. loss probability	1.26	1.22	+0.04
Calmar ratio: Return relative to maximum drawdown	2.45	1.86	+0.59
Martin ratio: Return relative to average drawdown	8.64	6.70	+1.95

SPHQ vs. AVUQ - Sharpe Ratio Comparison

The current SPHQ Sharpe Ratio is 1.51, which is comparable to the AVUQ Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of SPHQ and AVUQ, 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

SPHQ vs. AVUQ - Drawdown Comparison

The maximum SPHQ drawdown since its inception was -57.83%, which is greater than AVUQ's maximum drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for SPHQ and AVUQ.

Drawdown Indicators

	SPHQ	AVUQ	Difference
Max Drawdown Largest peak-to-trough decline	-57.83%	-12.35%	-45.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-11.61%	+2.71%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	—	—
Current Drawdown Current decline from peak	-5.50%	-1.31%	-4.19%
Average Drawdown Average peak-to-trough decline	-10.64%	-2.24%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.52%	3.21%	-0.69%

Volatility

SPHQ vs. AVUQ - Volatility Comparison

The current volatility for Invesco S&P 500 Quality ETF (SPHQ) is 4.77%, while Avantis U.S. Quality ETF (AVUQ) has a volatility of 5.21%. This indicates that SPHQ experiences smaller price fluctuations and is considered to be less risky than AVUQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHQ	AVUQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	5.21%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	13.15%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	16.70%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.74%	19.44%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	19.44%	-1.46%

SPHQ vs. AVUQ - Expense Ratio Comparison

Both SPHQ and AVUQ have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SPHQ vs. AVUQ - Dividend Comparison

SPHQ's dividend yield for the trailing twelve months is around 1.10%, more than AVUQ's 0.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVUQ Avantis U.S. Quality ETF	0.30%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPHQ Invesco S&P 500 Quality ETF	1.10%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%

Frequently Asked Questions

Can I hold both SPHQ and AVUQ in my portfolio?

SPHQ and AVUQ have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPHQ or AVUQ?

AVUQ has higher volatility (5.21%) compared to SPHQ (4.77%). In terms of maximum drawdown, SPHQ dropped -57.83% vs AVUQ's -12.35%.

Which ETF is better, SPHQ or AVUQ?

On 1-year performance, SPHQ leads with 21.69% vs 21.48% for AVUQ. Both ETFs have the same 0.15% expense ratio. On volatility, SPHQ has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPHQ or AVUQ?

Over the 1-year period, SPHQ has performed better with a 21.69% return vs 21.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPHQ or AVUQ?

SPHQ and AVUQ have the same expense ratio: 0.15% per year.

Which ETF pays a higher dividend yield, SPHQ or AVUQ?

SPHQ has the higher dividend yield at 1.10%, compared with 0.30% for AVUQ.

What is the main difference between SPHQ and AVUQ?

They also come from different issuers: Invesco and Avantis.

Which has better risk-adjusted returns?

SPHQ currently has the higher Sharpe Ratio (1.50 vs 1.29), 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.