SPHQ vs. RDVY

Last updated Jun 9, 2026

SPHQ (Invesco S&P 500 Quality ETF) and RDVY (First Trust Rising Dividend Achievers ETF) are both exchange-traded funds - SPHQ is a S&P 500 fund tracking the S&P 500 Quality Index, while RDVY is a Large Cap Blend Equities fund tracking the NASDAQ US Rising Dividend Achievers. Both are passively managed. Over the past 10 years, SPHQ returned 14.91%/yr vs 15.67%/yr for RDVY. Their correlation of 0.83 suggests significant overlap in exposure. SPHQ charges 0.15%/yr vs 0.50%/yr for RDVY.

Performance

SPHQ vs. RDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Quality ETF (SPHQ) and First Trust Rising Dividend Achievers ETF (RDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPHQ achieves a 14.28% return, which is significantly higher than RDVY's 9.73% return. Over the past 10 years, SPHQ has underperformed RDVY with an annualized return of 14.91%, while RDVY has yielded a comparatively higher 15.67% annualized return.

SPHQ

• 1D: 0.58%
• 1M: 3.64%
• YTD: 14.28%
• 6M: 15.48%
• 1Y: 21.15%
• 3Y*: 22.07%
• 5Y*: 14.25%
• 10Y*: 14.91%

RDVY

• 1D: 0.64%
• 1M: 1.93%
• YTD: 9.73%
• 6M: 10.68%
• 1Y: 25.00%
• 3Y*: 19.77%
• 5Y*: 11.23%
• 10Y*: 15.67%

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

SPHQ vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPHQ Invesco S&P 500 Quality ETF	14.28%	13.25%	25.44%	24.83%	-15.76%	28.03%	17.36%	33.64%	-7.10%	19.10%
RDVY First Trust Rising Dividend Achievers ETF	9.73%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%

Correlation

The correlation between SPHQ and RDVY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 8, 2014	0.83

The correlation between SPHQ and RDVY shifts across timeframes, from 0.79 (3 years) to 0.90 (1 year), reflecting how their relationship changes across market environments.

SPHQ vs. RDVY - Sectors Allocation Comparison

Sectors	SPHQ	RDVY
Technology	28.1%	17.6%
Industrials	24.3%	12.2%
Consumer Defensive	15.4%	4.1%
Financial Services	13.3%	36.5%
Healthcare	8.4%	8.1%
Consumer Cyclical	4.6%	12.2%
Basic Materials	2.2%	-
Communication Services	2.0%	5.4%
Utilities	1.0%	1.4%
Energy	0.7%	1.4%
Real Estate	-	-

Return for Risk

SPHQ vs. RDVY — Risk / Return Rank

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

SPHQ

SPHQ Risk / Return Rank: 55
SPHQ Sharpe Ratio Rank: 54
SPHQ Sortino Ratio Rank: 55
SPHQ Omega Ratio Rank: 51
SPHQ Calmar Ratio Rank: 53
SPHQ Martin Ratio Rank: 62

RDVY

RDVY Risk / Return Rank: 61
RDVY Sharpe Ratio Rank: 58
RDVY Sortino Ratio Rank: 61
RDVY Omega Ratio Rank: 56
RDVY Calmar Ratio Rank: 61
RDVY Martin Ratio Rank: 70

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. RDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Quality ETF (SPHQ) and First Trust Rising Dividend Achievers ETF (RDVY). 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	RDVY	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.78	-0.12
Sortino ratio: Return per unit of downside risk	2.39	2.55	-0.15
Omega ratio: Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio: Return relative to maximum drawdown	2.39	2.78	-0.39
Martin ratio: Return relative to average drawdown	10.19	11.67	-1.48
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. RDVY - Sharpe Ratio Comparison

The current SPHQ Sharpe Ratio is 1.66, which is comparable to the RDVY Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SPHQ and RDVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPHQ	RDVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.78	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.60	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.75	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.66	-0.13

Drawdowns

SPHQ vs. RDVY - Drawdown Comparison

The maximum SPHQ drawdown since its inception was -57.83%, which is greater than RDVY's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for SPHQ and RDVY.

Drawdown Indicators

	SPHQ	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-57.83%	-40.60%	-17.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-9.04%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	-19.11%	+2.54%
Max Drawdown (5Y) Largest decline over 5 years	-25.04%	-25.32%	+0.28%
Max Drawdown (10Y) Largest decline over 10 years	-31.60%	-40.60%	+9.00%
Current Drawdown Current decline from peak	-1.62%	-1.20%	-0.42%
Average Drawdown Average peak-to-trough decline	-10.70%	-5.00%	-5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.15%	-0.06%

Volatility

SPHQ vs. RDVY - Volatility Comparison

Invesco S&P 500 Quality ETF (SPHQ) and First Trust Rising Dividend Achievers ETF (RDVY) have volatilities of 3.90% and 3.98%, 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.

Volatility by Period

	SPHQ	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.98%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	11.14%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	14.15%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	18.94%	-2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	21.12%	-3.24%

SPHQ vs. RDVY - Expense Ratio Comparison

SPHQ has a 0.15% expense ratio, which is lower than RDVY's 0.50% expense ratio.

Dividends

SPHQ vs. RDVY - Dividend Comparison

SPHQ's dividend yield for the trailing twelve months is around 1.05%, more than RDVY's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDVY First Trust Rising Dividend Achievers ETF	0.92%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%
SPHQ Invesco S&P 500 Quality ETF	1.05%	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 RDVY in my portfolio?

SPHQ and RDVY have a correlation of 0.90, 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 RDVY?

RDVY has higher volatility (3.98%) compared to SPHQ (3.90%). In terms of maximum drawdown, SPHQ dropped -57.83% vs RDVY's -40.60%.

Which ETF is better, SPHQ or RDVY?

On 10-year performance, RDVY leads with 15.67% vs 14.91% for SPHQ. On fees, SPHQ is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPHQ or RDVY?

Over the 10-year period, RDVY has performed better with a 15.67% return vs 14.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPHQ or RDVY?

SPHQ is cheaper with a 0.15% expense ratio, compared with 0.50% for RDVY.

Which ETF pays a higher dividend yield, SPHQ or RDVY?

SPHQ has the higher dividend yield at 1.05%, compared with 0.92% for RDVY.

What is the main difference between SPHQ and RDVY?

SPHQ is categorized as S&P 500, while RDVY is Large Cap Blend Equities. SPHQ tracks S&P 500 Quality Index, while RDVY tracks NASDAQ US Rising Dividend Achievers. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.15% for SPHQ and 0.50% for RDVY.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (1.78 vs 1.66), 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.