SPHQ vs. SPYG
Compare and contrast key facts about Invesco S&P 500® Quality ETF (SPHQ) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
SPHQ and SPYG 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. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both SPHQ and SPYG 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 SPYG.
Performance
SPHQ vs. SPYG - Performance Comparison
Returns By Period
In the year-to-date period, SPHQ achieves a 25.10% return, which is significantly lower than SPYG's 31.50% return. Over the past 10 years, SPHQ has underperformed SPYG with an annualized return of 13.30%, while SPYG has yielded a comparatively higher 14.87% annualized return.
SPHQ
25.10%
-0.93%
10.18%
31.50%
15.66%
13.30%
SPYG
31.50%
1.51%
14.28%
37.56%
17.26%
14.87%
Key characteristics
| SPHQ | SPYG | |
|---|---|---|
| Sharpe Ratio | 2.62 | 2.22 |
| Sortino Ratio | 3.64 | 2.90 |
| Omega Ratio | 1.48 | 1.41 |
| Calmar Ratio | 5.10 | 2.81 |
| Martin Ratio | 19.71 | 11.80 |
| Ulcer Index | 1.59% | 3.21% |
| Daily Std Dev | 11.98% | 17.04% |
| Max Drawdown | -57.83% | -67.79% |
| Current Drawdown | -2.23% | -2.77% |
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SPHQ vs. SPYG - Expense Ratio Comparison
SPHQ has a 0.15% expense ratio, which is higher than SPYG's 0.04% 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 SPYG is 0.89, 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. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Quality ETF (SPHQ) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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. SPYG - Dividend Comparison
SPHQ's dividend yield for the trailing twelve months is around 1.16%, more than SPYG's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHQ Invesco S&P 500® Quality ETF | 1.16% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.66% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
SPHQ vs. SPYG - Drawdown Comparison
The maximum SPHQ drawdown since its inception was -57.83%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for SPHQ and SPYG. For additional features, visit the drawdowns tool.
Volatility
SPHQ vs. SPYG - Volatility Comparison
The current volatility for Invesco S&P 500® Quality ETF (SPHQ) is 3.52%, while SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.52%. This indicates that SPHQ experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.