VIRT vs. PHDG
VIRT (Virtu Financial, Inc.) is a stock, while PHDG (Invesco S&P 500 Downside Hedged ETF) is Equity Hedged fund tracking the S&P 500 Dynamic VEQTOR Index. Over the past 10 years, VIRT returned 18.05%/yr vs 7.14%/yr for PHDG. Their 0.12 correlation means their historical movements had little consistent relationship.
Performance
VIRT vs. PHDG - Performance Comparison
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Returns By Period
In the year-to-date period, VIRT achieves a 81.20% return, which is significantly higher than PHDG's 9.47% return. Over the past 10 years, VIRT has outperformed PHDG with an annualized return of 18.05%, while PHDG has yielded a comparatively lower 7.14% annualized return.
VIRT
- 1D
- 0.12%
- 1M
- -2.15%
- 6M
- 62.47%
- YTD
- 81.20%
- 1Y
- 38.30%
- 3Y*
- 52.81%
- 5Y*
- 23.17%
- 10Y*
- 18.05%
- ALL TIME*
- 13.40%
PHDG
- 1D
- -0.16%
- 1M
- 0.44%
- 6M
- 8.74%
- YTD
- 9.47%
- 1Y
- 14.71%
- 3Y*
- 8.21%
- 5Y*
- 4.01%
- 10Y*
- 7.14%
- ALL TIME*
- 5.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.28M | $774.65K | $908.35K | |
| $75.83M | $74.91M | $74.80M |
VIRT vs. PHDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIRT Virtu Financial, Inc. | 81.20% | -4.24% | 83.03% | 4.61% | -26.51% | 18.58% | 64.42% | -34.86% | 45.96% | 21.52% |
PHDG Invesco S&P 500 Downside Hedged ETF | 9.47% | 2.72% | 10.95% | 8.18% | -14.09% | 15.67% | 18.97% | 8.57% | -2.44% | 15.89% |
Correlation
The correlation between VIRT and PHDG is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.12 |
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Return for Risk
VIRT vs. PHDG — Risk / Return Rank
VIRT
PHDG
VIRT vs. PHDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtu Financial, Inc. (VIRT) and Invesco S&P 500 Downside Hedged ETF (PHDG). 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.
| VIRT | PHDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.38 | -0.92 |
| Martin ratioReturn relative to average drawdown | 2.68 | 7.41 | -4.73 |
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Drawdowns
VIRT vs. PHDG - Drawdown Comparison
The maximum VIRT drawdown since its inception was -56.17%, which is greater than PHDG's maximum drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for VIRT and PHDG.
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Drawdown Indicators
| VIRT | PHDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -17.70% | -38.47% |
Max Drawdown (1Y)Largest decline over 1 year | -27.30% | -6.36% | -20.94% |
Max Drawdown (3Y)Largest decline over 3 years | -27.83% | -14.78% | -13.05% |
Max Drawdown (5Y)Largest decline over 5 years | -54.52% | -17.06% | -37.46% |
Max Drawdown (10Y)Largest decline over 10 years | -56.17% | -17.06% | -39.11% |
Current DrawdownCurrent decline from peak | -10.60% | -5.95% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -25.46% | -6.23% | -19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.83% | 2.04% | +12.79% |
Volatility
VIRT vs. PHDG - Volatility Comparison
Virtu Financial, Inc. (VIRT) has a higher volatility of 14.15% compared to Invesco S&P 500 Downside Hedged ETF (PHDG) at 2.14%. This indicates that VIRT's price experiences larger fluctuations and is considered to be riskier than PHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIRT | PHDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 2.14% | +12.01% |
Volatility (6M)Calculated over the trailing 6-month period | 27.24% | 9.37% | +17.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.11% | 11.41% | +20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.78% | 11.37% | +21.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.06% | 12.10% | +23.96% |
Dividends
VIRT vs. PHDG - Dividend Comparison
VIRT's dividend yield for the trailing twelve months is around 1.61%, less than PHDG's 1.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHDG Invesco S&P 500 Downside Hedged ETF | 1.70% | 2.10% | 1.94% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.64% |
VIRT Virtu Financial, Inc. | 1.61% | 2.88% | 2.69% | 4.74% | 4.70% | 3.33% | 3.81% | 6.00% | 3.73% | 5.25% | 6.02% | 2.12% |
Frequently Asked Questions
VIRT and PHDG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIRT has higher volatility (14.15%) compared to PHDG (2.14%). In terms of maximum drawdown, VIRT dropped -56.17% vs PHDG's -17.70%.
PHDG currently has the higher Sharpe Ratio (1.33 vs 1.24), 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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