SPIDX vs. SPHQ
Compare and contrast key facts about Invesco S&P 500 Index Fund (SPIDX) and Invesco S&P 500® Quality ETF (SPHQ).
SPIDX is managed by Invesco. It was launched on Sep 26, 1997. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIDX or SPHQ.
Correlation
The correlation between SPIDX and SPHQ 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.
Performance
SPIDX vs. SPHQ - Performance Comparison
Key characteristics
SPIDX:
1.82
SPHQ:
1.93
SPIDX:
2.45
SPHQ:
2.65
SPIDX:
1.34
SPHQ:
1.34
SPIDX:
2.74
SPHQ:
3.87
SPIDX:
11.36
SPHQ:
13.11
SPIDX:
2.04%
SPHQ:
1.82%
SPIDX:
12.75%
SPHQ:
12.42%
SPIDX:
-55.30%
SPHQ:
-57.83%
SPIDX:
-4.25%
SPHQ:
-4.40%
Returns By Period
In the year-to-date period, SPIDX achieves a -0.62% return, which is significantly higher than SPHQ's -0.75% return. Both investments have delivered pretty close results over the past 10 years, with SPIDX having a 12.57% annualized return and SPHQ not far ahead at 13.14%.
SPIDX
-0.62%
-3.65%
3.34%
23.10%
13.14%
12.57%
SPHQ
-0.75%
-3.75%
2.13%
23.54%
13.93%
13.14%
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SPIDX vs. SPHQ - Expense Ratio Comparison
SPIDX has a 0.29% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
SPIDX vs. SPHQ — Risk-Adjusted Performance Rank
SPIDX
SPHQ
SPIDX vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Index Fund (SPIDX) and Invesco S&P 500® Quality ETF (SPHQ). 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
SPIDX vs. SPHQ - Dividend Comparison
SPIDX's dividend yield for the trailing twelve months is around 0.98%, less than SPHQ's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | 0.98% | 0.97% | 1.23% | 1.13% | 0.98% | 1.28% | 1.50% | 1.81% | 1.49% | 1.49% | 1.74% | 1.38% |
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% |
Drawdowns
SPIDX vs. SPHQ - Drawdown Comparison
The maximum SPIDX drawdown since its inception was -55.30%, roughly equal to the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for SPIDX and SPHQ. For additional features, visit the drawdowns tool.
Volatility
SPIDX vs. SPHQ - Volatility Comparison
Invesco S&P 500 Index Fund (SPIDX) and Invesco S&P 500® Quality ETF (SPHQ) have volatilities of 4.48% and 4.29%, 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.