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.
Key characteristics
| SPIDX | SPHQ | |
|---|---|---|
| YTD Return | 26.61% | 27.59% |
| 1Y Return | 37.18% | 35.98% |
| 3Y Return (Ann) | 9.92% | 10.92% |
| 5Y Return (Ann) | 15.64% | 16.35% |
| 10Y Return (Ann) | 13.09% | 13.61% |
| Sharpe Ratio | 3.02 | 3.00 |
| Sortino Ratio | 4.02 | 4.15 |
| Omega Ratio | 1.57 | 1.55 |
| Calmar Ratio | 4.39 | 5.82 |
| Martin Ratio | 19.79 | 22.62 |
| Ulcer Index | 1.87% | 1.59% |
| Daily Std Dev | 12.28% | 11.95% |
| Max Drawdown | -55.30% | -57.83% |
| Current Drawdown | -0.29% | -0.29% |
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
The year-to-date returns for both investments are quite close, with SPIDX having a 26.61% return and SPHQ slightly higher at 27.59%. Both investments have delivered pretty close results over the past 10 years, with SPIDX having a 13.09% annualized return and SPHQ not far ahead at 13.61%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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 0.97%, less than SPHQ's 1.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | 0.97% | 1.23% | 1.13% | 0.98% | 1.28% | 1.50% | 1.81% | 1.49% | 1.49% | 1.74% | 1.38% | 1.60% |
SPHQ Invesco S&P 500® Quality ETF | 1.13% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% | 1.99% |
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) has a higher volatility of 3.86% compared to Invesco S&P 500® Quality ETF (SPHQ) at 3.30%. This indicates that SPIDX's price experiences larger fluctuations and is considered to be riskier than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.