SPHQ vs. SPYV
Compare and contrast key facts about Invesco S&P 500® Quality ETF (SPHQ) and SPDR Portfolio S&P 500 Value ETF (SPYV).
SPHQ and SPYV 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. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. Both SPHQ and SPYV 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 SPYV.
Performance
SPHQ vs. SPYV - Performance Comparison
Returns By Period
In the year-to-date period, SPHQ achieves a 26.80% return, which is significantly higher than SPYV's 18.29% return. Over the past 10 years, SPHQ has outperformed SPYV with an annualized return of 13.30%, while SPYV has yielded a comparatively lower 10.53% annualized return.
SPHQ
26.80%
0.94%
11.37%
31.83%
16.07%
13.30%
SPYV
18.29%
1.88%
11.95%
25.98%
12.49%
10.53%
Key characteristics
| SPHQ | SPYV | |
|---|---|---|
| Sharpe Ratio | 2.68 | 2.67 |
| Sortino Ratio | 3.71 | 3.74 |
| Omega Ratio | 1.48 | 1.48 |
| Calmar Ratio | 5.21 | 4.89 |
| Martin Ratio | 19.97 | 15.72 |
| Ulcer Index | 1.61% | 1.70% |
| Daily Std Dev | 12.01% | 9.98% |
| Max Drawdown | -57.83% | -58.45% |
| Current Drawdown | -0.90% | -0.13% |
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SPHQ vs. SPYV - Expense Ratio Comparison
SPHQ has a 0.15% expense ratio, which is higher than SPYV'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 SPYV is 0.82, 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. SPYV - 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 Value ETF (SPYV). 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. SPYV - Dividend Comparison
SPHQ's dividend yield for the trailing twelve months is around 1.14%, less than SPYV's 1.94% 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% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.94% | 1.75% | 2.23% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% | 2.19% | 1.96% |
Drawdowns
SPHQ vs. SPYV - Drawdown Comparison
The maximum SPHQ drawdown since its inception was -57.83%, roughly equal to the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for SPHQ and SPYV. For additional features, visit the drawdowns tool.
Volatility
SPHQ vs. SPYV - Volatility Comparison
Invesco S&P 500® Quality ETF (SPHQ) and SPDR Portfolio S&P 500 Value ETF (SPYV) have volatilities of 3.53% and 3.52%, 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.