SPHQ vs. CRWV
SPHQ (Invesco S&P 500 Quality ETF) is S&P 500 fund tracking the S&P 500 Quality Index, while CRWV (CoreWeave, Inc.) is a stock. Over the past year, SPHQ returned 25.84% vs -39.13% for CRWV. At a 0.27 correlation, their price movements are largely independent.
Performance
SPHQ vs. CRWV - Performance Comparison
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Returns By Period
In the year-to-date period, SPHQ achieves a 16.54% return, which is significantly lower than CRWV's 47.63% return.
SPHQ
- 1D
- -2.93%
- 1M
- 2.94%
- YTD
- 16.54%
- 6M
- 15.11%
- 1Y
- 25.84%
- 3Y*
- 22.34%
- 5Y*
- 14.14%
- 10Y*
- 15.46%
CRWV
- 1D
- -5.00%
- 1M
- 0.22%
- YTD
- 47.63%
- 6M
- 31.72%
- 1Y
- -39.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHQ vs. CRWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPHQ Invesco S&P 500 Quality ETF | 16.54% | 13.00% |
CRWV CoreWeave, Inc. | 47.63% | 83.62% |
Correlation
The correlation between SPHQ and CRWV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.27 |
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Return for Risk
SPHQ vs. CRWV — Risk / Return Rank
SPHQ
CRWV
SPHQ vs. CRWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and CoreWeave, Inc. (CRWV). 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 | CRWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.99 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.63 | +3.54 |
| Martin ratioReturn relative to average drawdown | 12.48 | -0.95 | +13.43 |
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Drawdowns
SPHQ vs. CRWV - Drawdown Comparison
The maximum SPHQ drawdown since its inception was -57.83%, smaller than the maximum CRWV drawdown of -64.84%. Use the drawdown chart below to compare losses from any high point for SPHQ and CRWV.
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Drawdown Indicators
| SPHQ | CRWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.83% | -64.84% | +7.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -62.61% | +53.71% |
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 DrawdownCurrent decline from peak | -2.93% | -42.41% | +39.48% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -37.24% | +26.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 41.64% | -39.57% |
Volatility
SPHQ vs. CRWV - Volatility Comparison
The current volatility for Invesco S&P 500 Quality ETF (SPHQ) is 5.88%, while CoreWeave, Inc. (CRWV) has a volatility of 24.32%. This indicates that SPHQ experiences smaller price fluctuations and is considered to be less risky than CRWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHQ | CRWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.88% | 24.32% | -18.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 67.42% | -56.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 94.31% | -80.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 113.42% | -96.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 113.42% | -95.51% |
Dividends
SPHQ vs. CRWV - Dividend Comparison
SPHQ's dividend yield for the trailing twelve months is around 1.07%, while CRWV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRWV CoreWeave, Inc. | 0.00% | 0.00% | 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 | 1.07% | 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
SPHQ and CRWV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (24.32%) compared to SPHQ (5.88%). In terms of maximum drawdown, SPHQ dropped -57.83% vs CRWV's -64.84%.
SPHQ currently has the higher Sharpe Ratio (1.94 vs -0.42), 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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