SPHQ vs. USMV
Compare and contrast key facts about Invesco S&P 500® Quality ETF (SPHQ) and iShares Edge MSCI Min Vol USA ETF (USMV).
SPHQ and USMV 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. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both SPHQ and USMV 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 USMV.
Correlation
The correlation between SPHQ and USMV is 0.85, 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.
Performance
SPHQ vs. USMV - Performance Comparison
Key characteristics
SPHQ:
1.93
USMV:
1.69
SPHQ:
2.65
USMV:
2.36
SPHQ:
1.34
USMV:
1.30
SPHQ:
3.87
USMV:
2.18
SPHQ:
13.11
USMV:
7.46
SPHQ:
1.82%
USMV:
2.00%
SPHQ:
12.42%
USMV:
8.84%
SPHQ:
-57.83%
USMV:
-33.10%
SPHQ:
-4.40%
USMV:
-5.84%
Returns By Period
In the year-to-date period, SPHQ achieves a -0.75% return, which is significantly lower than USMV's -0.17% return. Over the past 10 years, SPHQ has outperformed USMV with an annualized return of 13.14%, while USMV has yielded a comparatively lower 10.12% annualized return.
SPHQ
-0.75%
-3.75%
2.13%
23.54%
13.93%
13.14%
USMV
-0.17%
-2.85%
3.26%
14.40%
7.54%
10.12%
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SPHQ vs. USMV - Expense Ratio Comparison
Both SPHQ and USMV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPHQ vs. USMV — Risk-Adjusted Performance Rank
SPHQ
USMV
SPHQ vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Quality ETF (SPHQ) and iShares Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
SPHQ's dividend yield for the trailing twelve months is around 1.16%, less than USMV's 1.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHQ Invesco S&P 500® Quality ETF | 1.16% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.68% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
SPHQ vs. USMV - Drawdown Comparison
The maximum SPHQ drawdown since its inception was -57.83%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for SPHQ and USMV. For additional features, visit the drawdowns tool.
Volatility
SPHQ vs. USMV - Volatility Comparison
Invesco S&P 500® Quality ETF (SPHQ) has a higher volatility of 4.29% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 3.43%. This indicates that SPHQ's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.