SPHQ vs. SPY
Compare and contrast key facts about Invesco S&P 500® Quality ETF (SPHQ) and SPDR S&P 500 ETF (SPY).
SPHQ and SPY 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 High Quality Rankings Index. It was launched on Dec 6, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPHQ and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHQ or SPY.
Performance
SPHQ vs. SPY - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SPHQ having a 26.80% return and SPY slightly lower at 26.08%. Both investments have delivered pretty close results over the past 10 years, with SPHQ having a 13.30% annualized return and SPY not far behind at 13.10%.
SPHQ
26.80%
0.94%
11.37%
31.83%
16.07%
13.30%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| SPHQ | SPY | |
|---|---|---|
| Sharpe Ratio | 2.68 | 2.70 |
| Sortino Ratio | 3.71 | 3.60 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 5.21 | 3.90 |
| Martin Ratio | 19.97 | 17.52 |
| Ulcer Index | 1.61% | 1.87% |
| Daily Std Dev | 12.01% | 12.14% |
| Max Drawdown | -57.83% | -55.19% |
| Current Drawdown | -0.90% | -0.85% |
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SPHQ vs. SPY - Expense Ratio Comparison
SPHQ has a 0.15% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SPHQ and SPY is 0.90, 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.
Risk-Adjusted Performance
SPHQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Quality ETF (SPHQ) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SPHQ vs. SPY - Dividend Comparison
SPHQ's dividend yield for the trailing twelve months is around 1.14%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHQ Invesco S&P 500® Quality ETF | 1.14% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SPHQ vs. SPY - Drawdown Comparison
The maximum SPHQ drawdown since its inception was -57.83%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPHQ and SPY. For additional features, visit the drawdowns tool.
Volatility
SPHQ vs. SPY - Volatility Comparison
The current volatility for Invesco S&P 500® Quality ETF (SPHQ) is 3.53%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that SPHQ experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.