TDIV vs. SPHD
TDIV (First Trust NASDAQ Technology Dividend Index Fund) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. Over the past 10 years, TDIV returned 18.79%/yr vs 7.41%/yr for SPHD. A 0.57 correlation means they provide meaningful diversification when combined. TDIV charges 0.50%/yr vs 0.30%/yr for SPHD.
Performance
TDIV vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, TDIV achieves a 23.55% return, which is significantly higher than SPHD's 8.51% return. Over the past 10 years, TDIV has outperformed SPHD with an annualized return of 18.79%, while SPHD has yielded a comparatively lower 7.41% annualized return.
TDIV
- 1D
- 1.96%
- 1M
- 6.70%
- YTD
- 23.55%
- 6M
- 23.56%
- 1Y
- 40.67%
- 3Y*
- 28.46%
- 5Y*
- 18.13%
- 10Y*
- 18.79%
SPHD
- 1D
- -1.12%
- 1M
- 4.38%
- YTD
- 8.51%
- 6M
- 7.65%
- 1Y
- 12.70%
- 3Y*
- 11.55%
- 5Y*
- 6.57%
- 10Y*
- 7.41%
TDIV vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 23.55% | 25.27% | 24.43% | 36.71% | -22.13% | 29.49% | 17.55% | 33.27% | -3.18% | 21.95% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.51% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 11.90% |
Correlation
The correlation between TDIV and SPHD is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.57 |
Over the past year, the correlation between TDIV and SPHD has dropped to 0.08 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
TDIV vs. SPHD — Risk / Return Rank
TDIV
SPHD
TDIV vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TDIV | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 1.74 | +1.86 |
| Martin ratioReturn relative to average drawdown | 10.83 | 4.31 | +6.52 |
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Drawdowns
TDIV vs. SPHD - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for TDIV and SPHD.
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Drawdown Indicators
| TDIV | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -41.39% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -7.33% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | -13.29% | -9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | -19.50% | -12.47% |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | -41.39% | +9.42% |
Current DrawdownCurrent decline from peak | -7.08% | -1.63% | -5.45% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -4.70% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 2.96% | +0.81% |
Volatility
TDIV vs. SPHD - Volatility Comparison
First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 10.01% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 3.91%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDIV | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.01% | 3.91% | +6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 7.86% | +7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 11.27% | +8.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 14.21% | +6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 17.66% | +3.32% |
TDIV vs. SPHD - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Dividends
TDIV vs. SPHD - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.18%, less than SPHD's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.45% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.18% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
Frequently Asked Questions
TDIV and SPHD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDIV has higher volatility (10.01%) compared to SPHD (3.91%). In terms of maximum drawdown, TDIV dropped -31.97% vs SPHD's -41.39%.
On 10-year performance, TDIV leads with 18.79% vs 7.41% for SPHD. On fees, SPHD is cheaper at 0.30% per year. On volatility, SPHD has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TDIV has performed better with a 18.79% return vs 7.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPHD is cheaper with a 0.30% expense ratio, compared with 0.50% for TDIV.
SPHD has the higher dividend yield at 4.45%, compared with 1.18% for TDIV.
TDIV is categorized as Technology Equities, while SPHD is Dividend. TDIV tracks NASDAQ Technology Dividend Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.50% for TDIV and 0.30% for SPHD.
TDIV currently has the higher Sharpe Ratio (2.07 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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