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SPHQ vs. QARP
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPHQ vs. QARP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Quality ETF (SPHQ) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP).

SPHQ and QARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005. QARP is a passively managed fund by Deutsche Bank that tracks the performance of the Russell 1000 2Qual/Val 5% Capped Factor Index. It was launched on Apr 5, 2018. Both SPHQ and QARP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPHQ vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Quality ETF (SPHQ) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

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SPHQ vs. QARP - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SPHQ
Invesco S&P 500 Quality ETF		0.57%13.25%25.44%24.83%-15.76%28.03%17.36%33.64%-6.28%
QARP
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		0.13%13.99%18.94%23.03%-14.62%31.82%14.83%30.70%-5.53%

Returns By Period

In the year-to-date period, SPHQ achieves a 0.57% return, which is significantly higher than QARP's 0.13% return.

SPHQ

1D
2.36%
1M
-6.75%
YTD
0.57%
6M
3.29%
1Y
14.73%
3Y*
18.19%
5Y*
12.50%
10Y*
13.53%

QARP

1D
2.20%
1M
-4.99%
YTD
0.13%
6M
3.95%
1Y
15.36%
3Y*
15.93%
5Y*
11.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Quality ETF

Xtrackers Russell 1000 US Quality at a Reasonable Price ETF

Often compared with SPHQ:
SPHQ vs. QUALSPHQ vs. VOOSPHQ vs. SPYSPHQ vs. JQUASPHQ vs. SPYVSPHQ vs. SCHDSPHQ vs. QQQ
Often compared with QARP:
QARP vs. VOOQARP vs. IWYQARP vs. OMFLQARP vs. dgrwQARP vs. IWBQARP vs. SPYQARP vs. ROBT

SPHQ vs. QARP - Expense Ratio Comparison

SPHQ has a 0.15% expense ratio, which is lower than QARP's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

QARP
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF
SPHQ
Invesco S&P 500 Quality ETF

Return for Risk

SPHQ vs. QARP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPHQ
SPHQ Risk / Return Rank: 5858
Overall Rank
SPHQ Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SPHQ Sortino Ratio Rank: 5454
Sortino Ratio Rank
SPHQ Omega Ratio Rank: 5252
Omega Ratio Rank
SPHQ Calmar Ratio Rank: 6262
Calmar Ratio Rank
SPHQ Martin Ratio Rank: 6969
Martin Ratio Rank
QARP
QARP Risk / Return Rank: 6060
Overall Rank
QARP Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
QARP Sortino Ratio Rank: 5858
Sortino Ratio Rank
QARP Omega Ratio Rank: 5959
Omega Ratio Rank
QARP Calmar Ratio Rank: 5959
Calmar Ratio Rank
QARP Martin Ratio Rank: 6969
Martin Ratio Rank
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. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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.

SPHQQARPDifference

Sharpe ratio

Return per unit of total volatility

0.86

0.98

-0.11

Sortino ratio

Return per unit of downside risk

1.34

1.49

-0.15

Omega ratio

Gain probability vs. loss probability

1.18

1.22

-0.03

Calmar ratio

Return relative to maximum drawdown

1.46

1.46

0.00

Martin ratio

Return relative to average drawdown

6.45

6.99

-0.55

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPHQ vs. QARP - Sharpe Ratio Comparison

The current SPHQ Sharpe Ratio is 0.86, which is comparable to the QARP Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of SPHQ and QARP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPHQQARPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

0.98

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.72

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.76

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.66

-0.17

Correlation

The correlation between SPHQ and QARP is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPHQ vs. QARP - Dividend Comparison

SPHQ's dividend yield for the trailing twelve months is around 1.19%, more than QARP's 1.14% yield.

TTM20252024202320222021202020192018201720162015
SPHQ
Invesco S&P 500 Quality ETF		1.19%1.09%1.15%1.42%1.85%1.19%1.55%1.51%1.85%1.57%1.67%2.29%
QARP
Xtrackers Russell 1000 US Quality at a Reasonable Price ETF		1.14%1.14%1.39%1.28%1.68%1.34%1.61%1.85%1.39%0.00%0.00%0.00%

Drawdowns

SPHQ vs. QARP - Drawdown Comparison

The maximum SPHQ drawdown since its inception was -57.83%, which is greater than QARP's maximum drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for SPHQ and QARP.

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Drawdown Indicators

SPHQQARPDifference

Max Drawdown

Largest peak-to-trough decline

-57.83%

-35.44%

-22.39%

Max Drawdown (1Y)

Largest decline over 1 year

-10.84%

-11.30%

+0.46%

Max Drawdown (5Y)

Largest decline over 5 years

-25.04%

-22.75%

-2.29%

Max Drawdown (10Y)

Largest decline over 10 years

-31.60%

—

—

Current Drawdown

Current decline from peak

-6.75%

-5.23%

-1.52%

Average Drawdown

Average peak-to-trough decline

-10.78%

-4.52%

-6.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.45%

2.36%

+0.09%

Volatility

SPHQ vs. QARP - Volatility Comparison

Invesco S&P 500 Quality ETF (SPHQ) has a higher volatility of 5.40% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 4.49%. This indicates that SPHQ's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPHQQARPDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.40%

4.49%

+0.91%

Volatility (6M)

Calculated over the trailing 6-month period

9.64%

8.15%

+1.49%

Volatility (1Y)

Calculated over the trailing 1-year period

17.13%

15.84%

+1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.40%

15.58%

+0.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.81%

19.81%

-2.00%