SPHQ vs. PLTR

Last updated Jun 13, 2026

SPHQ (Invesco S&P 500 Quality ETF) is S&P 500 fund tracking the S&P 500 Quality Index, while PLTR (Palantir Technologies Inc.) is a stock. Over the past 5 years, SPHQ returned 14.55%/yr vs 39.00%/yr for PLTR. At a 0.44 correlation, their price movements are largely independent.

Performance

SPHQ vs. PLTR - Performance Comparison

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

Returns By Period

In the year-to-date period, SPHQ achieves a 16.79% return, which is significantly higher than PLTR's -27.99% return.

SPHQ

• 1D: 1.02%
• 1M: 5.98%
• YTD: 16.79%
• 6M: 15.77%
• 1Y: 24.32%
• 3Y*: 22.40%
• 5Y*: 14.55%
• 10Y*: 15.27%

PLTR

• 1D: -2.36%
• 1M: -1.58%
• YTD: -27.99%
• 6M: -30.28%
• 1Y: -5.33%
• 3Y*: 99.99%
• 5Y*: 39.00%
• 10Y*: —

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

SPHQ vs. PLTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPHQ Invesco S&P 500 Quality ETF	16.79%	13.25%	25.44%	24.83%	-15.76%	28.03%	10.35%
PLTR Palantir Technologies Inc.	-27.99%	135.03%	340.48%	167.45%	-64.74%	-22.68%	135.50%

Correlation

The correlation between SPHQ and PLTR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020	0.44

Over the past year, the correlation between SPHQ and PLTR has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

SPHQ vs. PLTR — Risk / Return Rank

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

SPHQ

SPHQ Risk / Return Rank: 66
SPHQ Sharpe Ratio Rank: 65
SPHQ Sortino Ratio Rank: 68
SPHQ Omega Ratio Rank: 60
SPHQ Calmar Ratio Rank: 63
SPHQ Martin Ratio Rank: 73

PLTR

PLTR Risk / Return Rank: 38
PLTR Sharpe Ratio Rank: 39
PLTR Sortino Ratio Rank: 37
PLTR Omega Ratio Rank: 36
PLTR Calmar Ratio Rank: 39
PLTR Martin Ratio Rank: 39

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.

SPHQ vs. PLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and Palantir Technologies Inc. (PLTR). 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	PLTR	Difference
Sharpe ratio: Return per unit of total volatility	1.85	-0.11	+1.96
Sortino ratio: Return per unit of downside risk	2.67	0.20	+2.47
Omega ratio: Gain probability vs. loss probability	1.32	1.03	+0.29
Calmar ratio: Return relative to maximum drawdown	2.75	-0.14	+2.89
Martin ratio: Return relative to average drawdown	11.76	-0.25	+12.01

SPHQ vs. PLTR - Sharpe Ratio Comparison

The current SPHQ Sharpe Ratio is 1.85, which is higher than the PLTR Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of SPHQ and PLTR, 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. PLTR - Drawdown Comparison

The maximum SPHQ drawdown since its inception was -57.83%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for SPHQ and PLTR.

Drawdown Indicators

	SPHQ	PLTR	Difference
Max Drawdown Largest peak-to-trough decline	-57.83%	-84.62%	+26.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-38.22%	+29.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	-40.61%	+24.04%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-79.14%	+54.10%
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	—	—
Current Drawdown Current decline from peak	0.00%	-38.22%	+38.22%
Average Drawdown Average peak-to-trough decline	-10.69%	-40.27%	+29.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	21.23%	-19.14%

Volatility

SPHQ vs. PLTR - Volatility Comparison

The current volatility for Invesco S&P 500 Quality ETF (SPHQ) is 4.92%, while Palantir Technologies Inc. (PLTR) has a volatility of 17.16%. This indicates that SPHQ experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHQ	PLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.92%	17.16%	-12.24%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	38.32%	-27.49%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	50.83%	-37.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	65.44%	-48.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	69.75%	-51.85%

Dividends

SPHQ vs. PLTR - Dividend Comparison

SPHQ's dividend yield for the trailing twelve months is around 1.03%, while PLTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLTR Palantir Technologies 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	1.03%	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 PLTR in my portfolio?

SPHQ and PLTR have a correlation of 0.23, 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 PLTR?

PLTR has higher volatility (17.16%) compared to SPHQ (4.92%). In terms of maximum drawdown, SPHQ dropped -57.83% vs PLTR's -84.62%.

Which has better risk-adjusted returns?

SPHQ currently has the higher Sharpe Ratio (1.85 vs -0.11), 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.