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 23.43% vs -33.80% for CRWV. At a 0.29 correlation, their price movements are largely independent.
Performance
SPHQ vs. CRWV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPHQ having a 16.39% return and CRWV slightly lower at 16.34%.
SPHQ
- 1D
- -1.48%
- 1M
- -0.34%
- 6M
- 12.52%
- YTD
- 16.39%
- 1Y
- 23.43%
- 3Y*
- 20.91%
- 5Y*
- 13.45%
- 10Y*
- 14.76%
CRWV
- 1D
- -6.27%
- 1M
- -17.15%
- 6M
- -7.36%
- YTD
- 16.34%
- 1Y
- -33.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHQ vs. CRWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPHQ Invesco S&P 500 Quality ETF | 16.39% | 13.00% |
CRWV CoreWeave, Inc. | 16.34% | 83.62% |
Correlation
The correlation between SPHQ and CRWV is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.29 |
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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 | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.01 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | -0.60 | +3.24 |
| Martin ratioReturn relative to average drawdown | 10.96 | -0.99 | +11.95 |
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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% | -56.61% | +47.71% |
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 | -3.64% | -54.62% | +50.98% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -37.78% | +27.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 34.20% | -32.06% |
Volatility
SPHQ vs. CRWV - Volatility Comparison
The current volatility for Invesco S&P 500 Quality ETF (SPHQ) is 6.97%, while CoreWeave, Inc. (CRWV) has a volatility of 25.97%. 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 | 6.97% | 25.97% | -19.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 66.33% | -54.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 94.49% | -80.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 112.63% | -95.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 112.63% | -94.68% |
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 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (25.97%) compared to SPHQ (6.97%). In terms of maximum drawdown, SPHQ dropped -57.83% vs CRWV's -64.84%.
SPHQ currently has the higher Sharpe Ratio (1.66 vs -0.36), 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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