Correlation
The correlation between UPGD and SPHQ is 0.82, 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.
UPGD vs. SPHQ
Compare and contrast key facts about Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) and Invesco S&P 500® Quality ETF (SPHQ).
UPGD and SPHQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPGD is a passively managed fund by Invesco that tracks the performance of the Bloomberg ANR Improvers Index - Benchmark TR Gross. It was launched on May 19, 2006. 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. Both UPGD and SPHQ 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: UPGD or SPHQ.
Performance
UPGD vs. SPHQ - Performance Comparison
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Key characteristics
UPGD:
0.65
SPHQ:
0.94
UPGD:
0.94
SPHQ:
1.29
UPGD:
1.13
SPHQ:
1.18
UPGD:
0.56
SPHQ:
0.89
UPGD:
1.88
SPHQ:
3.66
UPGD:
4.98%
SPHQ:
4.03%
UPGD:
15.79%
SPHQ:
17.62%
UPGD:
-60.74%
SPHQ:
-57.83%
UPGD:
-5.74%
SPHQ:
-0.99%
Returns By Period
In the year-to-date period, UPGD achieves a 1.89% return, which is significantly lower than SPHQ's 5.20% return. Over the past 10 years, UPGD has underperformed SPHQ with an annualized return of 7.50%, while SPHQ has yielded a comparatively higher 13.46% annualized return.
UPGD
1.89%
3.94%
-5.74%
8.94%
8.88%
14.93%
7.50%
SPHQ
5.20%
6.13%
2.38%
15.71%
16.02%
16.47%
13.46%
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UPGD vs. SPHQ - Expense Ratio Comparison
UPGD has a 0.40% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Risk-Adjusted Performance
UPGD vs. SPHQ — Risk-Adjusted Performance Rank
UPGD
SPHQ
UPGD vs. SPHQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) 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.
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Dividends
UPGD vs. SPHQ - Dividend Comparison
UPGD's dividend yield for the trailing twelve months is around 1.25%, more than SPHQ's 1.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPGD Invesco Bloomberg Analyst Rating Improvers ETF | 1.25% | 1.28% | 1.39% | 0.72% | 0.52% | 0.28% | 0.20% | 1.43% | 0.00% | 1.55% | 0.92% | 0.26% |
SPHQ Invesco S&P 500® Quality ETF | 1.09% | 1.15% | 1.43% | 1.85% | 1.19% | 1.56% | 1.50% | 1.86% | 1.57% | 1.68% | 2.29% | 1.66% |
Drawdowns
UPGD vs. SPHQ - Drawdown Comparison
The maximum UPGD drawdown since its inception was -60.74%, which is greater than SPHQ's maximum drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for UPGD and SPHQ.
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Volatility
UPGD vs. SPHQ - Volatility Comparison
Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) has a higher volatility of 4.82% compared to Invesco S&P 500® Quality ETF (SPHQ) at 4.32%. This indicates that UPGD'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.
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