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:
0.55
SPHQ:
0.89
SPIDX:
0.89
SPHQ:
1.35
SPIDX:
1.13
SPHQ:
1.19
SPIDX:
0.57
SPHQ:
0.93
SPIDX:
2.20
SPHQ:
3.86
SPIDX:
4.83%
SPHQ:
3.99%
SPIDX:
19.34%
SPHQ:
17.26%
SPIDX:
-55.30%
SPHQ:
-57.83%
SPIDX:
-8.19%
SPHQ:
-5.29%
Returns By Period
In the year-to-date period, SPIDX achieves a -3.98% return, which is significantly lower than SPHQ's 0.63% return. Over the past 10 years, SPIDX has underperformed SPHQ with an annualized return of 11.60%, while SPHQ has yielded a comparatively higher 12.93% annualized return.
SPIDX
-3.98%
11.28%
-4.84%
9.35%
15.07%
11.60%
SPHQ
0.63%
12.14%
-0.42%
13.88%
16.42%
12.93%
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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 1.02%, less than SPHQ's 1.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIDX Invesco S&P 500 Index Fund | 1.02% | 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 | 1.14% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 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) has a higher volatility of 11.40% compared to Invesco S&P 500® Quality ETF (SPHQ) at 9.84%. 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.