VLN vs. SPHD
VLN (Valens Semiconductor Ltd.) is a stock, while SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) is Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Over the past 3 years, VLN returned -4.99%/yr vs 12.30%/yr for SPHD. At a 0.13 correlation, their price movements are largely independent.
Performance
VLN vs. SPHD - Performance Comparison
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Returns By Period
In the year-to-date period, VLN achieves a 52.82% return, which is significantly higher than SPHD's 10.31% return.
VLN
- 1D
- 9.60%
- 1M
- -38.53%
- YTD
- 52.82%
- 6M
- 53.90%
- 1Y
- -14.90%
- 3Y*
- -4.99%
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- -0.14%
- 1M
- 4.45%
- YTD
- 10.31%
- 6M
- 9.76%
- 1Y
- 14.59%
- 3Y*
- 12.30%
- 5Y*
- 7.49%
- 10Y*
- 7.36%
VLN vs. SPHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VLN Valens Semiconductor Ltd. | 52.82% | -45.38% | 6.12% | -54.38% | -30.26% | 7.24% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 10.31% | 3.41% | 18.08% | 1.32% | 0.58% | 7.95% |
Correlation
The correlation between VLN and SPHD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.13 |
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Return for Risk
VLN vs. SPHD — Risk / Return Rank
VLN
SPHD
VLN vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valens Semiconductor Ltd. (VLN) 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.
| VLN | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.00 | -2.23 |
| Martin ratioReturn relative to average drawdown | -0.36 | 4.90 | -5.26 |
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Drawdowns
VLN vs. SPHD - Drawdown Comparison
The maximum VLN drawdown since its inception was -90.13%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for VLN and SPHD.
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Drawdown Indicators
| VLN | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.13% | -41.39% | -48.74% |
Max Drawdown (1Y)Largest decline over 1 year | -64.42% | -7.33% | -57.09% |
Max Drawdown (3Y)Largest decline over 3 years | -67.92% | -13.29% | -54.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | -80.71% | -0.14% | -80.57% |
Average DrawdownAverage peak-to-trough decline | -71.21% | -4.69% | -66.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.92% | 2.98% | +38.94% |
Volatility
VLN vs. SPHD - Volatility Comparison
Valens Semiconductor Ltd. (VLN) has a higher volatility of 48.96% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.41%. This indicates that VLN'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
| VLN | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 48.96% | 4.41% | +44.55% |
Volatility (6M)Calculated over the trailing 6-month period | 92.32% | 8.19% | +84.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 109.60% | 11.47% | +98.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.97% | 14.16% | +64.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.97% | 17.62% | +61.35% |
Dividends
VLN vs. SPHD - Dividend Comparison
VLN has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 4.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.51% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
VLN Valens Semiconductor Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VLN and SPHD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLN has higher volatility (48.96%) compared to SPHD (4.41%). In terms of maximum drawdown, VLN dropped -90.13% vs SPHD's -41.39%.
SPHD currently has the higher Sharpe Ratio (1.28 vs -0.14), 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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