VTR vs. SPHD

Last updated Aug 5, 2026

VTR (Ventas, Inc.) 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 10 years, VTR returned 6.65%/yr vs 7.33%/yr for SPHD. Their 0.53 correlation means they have sometimes moved together and sometimes differently.

Performance

VTR vs. SPHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ventas, Inc. (VTR) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTR achieves a 18.85% return, which is significantly higher than SPHD's 13.31% return. Over the past 10 years, VTR has underperformed SPHD with an annualized return of 6.65%, while SPHD has yielded a comparatively higher 7.33% annualized return.

VTR

• 1D: 0.00%
• 1M: -1.81%
• 6M: 18.38%
• YTD: 18.85%
• 1Y: 36.46%
• 3Y*: 30.46%
• 5Y*: 12.36%
• 10Y*: 6.65%
• ALL TIME*: 12.11%

SPHD

• 1D: 0.49%
• 1M: 1.81%
• 6M: 7.45%
• YTD: 13.31%
• 1Y: 15.40%
• 3Y*: 12.94%
• 5Y*: 8.21%
• 10Y*: 7.33%
• ALL TIME*: 9.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	$46.34M	$45.63M	$42.52M
VTR Ventas, Inc.	$379.13M	$319.69M	$359.43M

VTR vs. SPHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTR Ventas, Inc.	18.85%	35.09%	22.24%	15.06%	-8.53%	7.73%	-9.80%	3.42%	3.45%	0.71%
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	13.31%	3.41%	18.08%	1.32%	0.58%	24.98%	-9.98%	20.26%	-6.17%	11.90%

Correlation

The correlation between VTR and SPHD is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.53
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012	0.53

The correlation between VTR and SPHD shifts across timeframes, from 0.36 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VTR vs. SPHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VTR

VTR Risk / Return Rank: 86
VTR Sharpe Ratio Rank: 87
VTR Sortino Ratio Rank: 84
VTR Omega Ratio Rank: 85
VTR Calmar Ratio Rank: 85
VTR Martin Ratio Rank: 90

SPHD

SPHD Risk / Return Rank: 47
SPHD Sharpe Ratio Rank: 47
SPHD Sortino Ratio Rank: 49
SPHD Omega Ratio Rank: 42
SPHD Calmar Ratio Rank: 52
SPHD Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VTR vs. SPHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ventas, Inc. (VTR) 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.

	VTR	SPHD	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.32	+0.39
Sortino ratio: Return per unit of downside risk	2.39	1.99	+0.40
Omega ratio: Gain probability vs. loss probability	1.32	1.22	+0.10
Calmar ratio: Return relative to maximum drawdown	2.93	2.11	+0.82
Martin ratio: Return relative to average drawdown	9.82	5.26	+4.57

VTR vs. SPHD - Sharpe Ratio Comparison

The current VTR Sharpe Ratio is 1.71, which is comparable to the SPHD Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of VTR and SPHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VTR vs. SPHD - Drawdown Comparison

The maximum VTR drawdown since its inception was -83.84%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for VTR and SPHD.

Drawdown Indicators

	VTR	SPHD	Difference
Max Drawdown Largest peak-to-trough decline	-83.84%	-41.39%	-42.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.52%	-7.33%	-5.19%
Max Drawdown (3Y) Largest decline over 3 years	-16.72%	-13.29%	-3.43%
Max Drawdown (5Y) Largest decline over 5 years	-41.80%	-19.50%	-22.30%
Max Drawdown (10Y) Largest decline over 10 years	-76.92%	-41.39%	-35.53%
Current Drawdown Current decline from peak	-9.63%	-1.34%	-8.29%
Average Drawdown Average peak-to-trough decline	-18.31%	-4.66%	-13.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	2.94%	+0.78%

Volatility

VTR vs. SPHD - Volatility Comparison

Ventas, Inc. (VTR) has a higher volatility of 9.40% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 4.27%. This indicates that VTR'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.

Volatility by Period

	VTR	SPHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.40%	4.27%	+5.13%
Volatility (6M) Calculated over the trailing 6-month period	17.72%	9.01%	+8.71%
Volatility (1Y) Calculated over the trailing 1-year period	21.45%	11.79%	+9.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.24%	14.23%	+11.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.90%	17.67%	+17.23%

Dividends

VTR vs. SPHD - Dividend Comparison

VTR's dividend yield for the trailing twelve months is around 2.20%, less than SPHD's 4.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPHD Invesco S&P 500® High Dividend Low Volatility ETF	4.52%	4.02%	3.41%	4.48%	3.89%	3.45%	4.89%	4.07%	4.40%	3.14%	3.83%	3.49%
VTR Ventas, Inc.	2.20%	2.48%	3.06%	3.61%	4.00%	3.52%	4.37%	5.49%	5.40%	5.19%	4.74%	20.47%

Frequently Asked Questions

Can I hold both VTR and SPHD in my portfolio?

VTR and SPHD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTR or SPHD?

VTR has higher volatility (9.40%) compared to SPHD (4.27%). In terms of maximum drawdown, VTR dropped -83.84% vs SPHD's -41.39%.

Which has better risk-adjusted returns?

VTR currently has the higher Sharpe Ratio (1.71 vs 1.32), 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.