XRLV vs. SPHD
Compare and contrast key facts about Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
XRLV and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Rate Response (USD) TR. It was launched on Apr 9, 2015. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both XRLV and SPHD 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: XRLV or SPHD.
Performance
XRLV vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, XRLV achieves a 20.44% return, which is significantly lower than SPHD's 24.64% return.
XRLV
20.44%
2.47%
15.12%
23.64%
9.08%
N/A
SPHD
24.64%
1.23%
17.34%
33.64%
8.06%
8.95%
Key characteristics
| XRLV | SPHD | |
|---|---|---|
| Sharpe Ratio | 2.63 | 3.00 |
| Sortino Ratio | 3.68 | 4.27 |
| Omega Ratio | 1.48 | 1.55 |
| Calmar Ratio | 3.08 | 2.51 |
| Martin Ratio | 16.79 | 20.70 |
| Ulcer Index | 1.41% | 1.63% |
| Daily Std Dev | 9.00% | 11.21% |
| Max Drawdown | -38.31% | -41.39% |
| Current Drawdown | 0.00% | 0.00% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XRLV vs. SPHD - Expense Ratio Comparison
XRLV has a 0.25% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Correlation
The correlation between XRLV and SPHD is 0.77, 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.
Risk-Adjusted Performance
XRLV vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) 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.
Dividends
XRLV vs. SPHD - Dividend Comparison
XRLV's dividend yield for the trailing twelve months is around 1.88%, less than SPHD's 3.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XRLV Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF | 1.88% | 2.56% | 1.96% | 1.26% | 1.66% | 1.66% | 1.76% | 1.40% | 1.71% | 1.07% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.28% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
XRLV vs. SPHD - Drawdown Comparison
The maximum XRLV drawdown since its inception was -38.31%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for XRLV and SPHD. For additional features, visit the drawdowns tool.
Volatility
XRLV vs. SPHD - Volatility Comparison
Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) has a higher volatility of 3.07% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.91%. This indicates that XRLV'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.