SPHQ vs. CRWV
SPHQ (Invesco S&P 500 Quality ETF) is Quality Factor fund tracking the S&P 500 Quality Index, while CRWV (CoreWeave, Inc.) is a stock. Over the past year, SPHQ returned 21.69% vs -17.65% for CRWV. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
SPHQ vs. CRWV - Performance Comparison
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Returns By Period
In the year-to-date period, SPHQ achieves a 14.14% return, which is significantly lower than CRWV's 19.76% 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%
CRWV
- 1D
- 19.49%
- 1M
- 4.91%
- 6M
- -3.58%
- YTD
- 19.76%
- 1Y
- -17.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 79.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CRWV CoreWeave, Inc. | $2.17B | $2.03B | $2.88B |
| $121.34M | $134.31M | $144.70M |
SPHQ vs. CRWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPHQ Invesco S&P 500 Quality ETF | 14.14% | 13.00% |
CRWV CoreWeave, Inc. | 19.76% | 83.62% |
Correlation
The correlation between SPHQ and CRWV is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.31 |
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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 | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.05 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | -0.30 | +2.75 |
| Martin ratioReturn relative to average drawdown | 8.64 | -0.49 | +9.14 |
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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 -66.87%. 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% | -66.87% | +9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -59.11% | +50.21% |
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 | -5.50% | -53.28% | +47.78% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -38.73% | +28.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 35.96% | -33.44% |
Volatility
SPHQ vs. CRWV - Volatility Comparison
The current volatility for Invesco S&P 500 Quality ETF (SPHQ) is 4.77%, while CoreWeave, Inc. (CRWV) has a volatility of 36.58%. 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 | 4.77% | 36.58% | -31.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 70.94% | -58.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 98.51% | -84.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 114.26% | -97.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 114.26% | -96.28% |
Dividends
SPHQ vs. CRWV - Dividend Comparison
SPHQ's dividend yield for the trailing twelve months is around 1.10%, 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 | 1.10% | 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
SPHQ and CRWV have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (36.58%) compared to SPHQ (4.77%). In terms of maximum drawdown, SPHQ dropped -57.83% vs CRWV's -66.87%.
SPHQ currently has the higher Sharpe Ratio (1.50 vs -0.18), 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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