SPHQ vs. QLTY
Compare and contrast key facts about Invesco S&P 500 Quality ETF (SPHQ) and GMO U.S. Quality ETF (QLTY).
SPHQ and QLTY 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. QLTY is a passively managed fund by GMO that tracks the performance of the S&P 500. It was launched on Nov 13, 2023. Both SPHQ and QLTY 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. QLTY - Performance Comparison
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SPHQ vs. QLTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPHQ Invesco S&P 500 Quality ETF | 0.57% | 13.25% | 25.44% | 5.05% |
QLTY GMO U.S. Quality ETF | -5.77% | 21.26% | 21.02% | 5.68% |
Returns By Period
In the year-to-date period, SPHQ achieves a 0.57% return, which is significantly higher than QLTY's -5.77% 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%
QLTY
- 1D
- 2.76%
- 1M
- -6.42%
- YTD
- -5.77%
- 6M
- 0.36%
- 1Y
- 16.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SPHQ vs. QLTY - Expense Ratio Comparison
SPHQ has a 0.15% expense ratio, which is lower than QLTY's 0.50% expense ratio.
Return for Risk
SPHQ vs. QLTY — Risk / Return Rank
SPHQ
QLTY
SPHQ vs. QLTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and GMO U.S. Quality ETF (QLTY). 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.
| SPHQ | QLTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.94 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.50 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.51 | -0.05 |
Martin ratioReturn relative to average drawdown | 6.45 | 5.83 | +0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPHQ | QLTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.94 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
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 | 1.18 | -0.69 |
Correlation
The correlation between SPHQ and QLTY is 0.88, 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. QLTY - Dividend Comparison
SPHQ's dividend yield for the trailing twelve months is around 1.19%, more than QLTY's 0.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QLTY GMO U.S. Quality ETF | 0.81% | 0.73% | 0.79% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPHQ vs. QLTY - Drawdown Comparison
The maximum SPHQ drawdown since its inception was -57.83%, which is greater than QLTY's maximum drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for SPHQ and QLTY.
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Drawdown Indicators
| SPHQ | QLTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.83% | -17.00% | -40.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -11.71% | +0.87% |
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 | -6.75% | -9.28% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -2.09% | -8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 3.04% | -0.59% |
Volatility
SPHQ vs. QLTY - Volatility Comparison
Invesco S&P 500 Quality ETF (SPHQ) and GMO U.S. Quality ETF (QLTY) have volatilities of 5.40% and 5.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHQ | QLTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 5.28% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 9.73% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 17.77% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 14.81% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 14.81% | +3.00% |