XSHD vs. HIGH
XSHD (Invesco S&P SmallCap High Dividend Low Volatility ETF) and HIGH (Simplify Enhanced Income ETF) are both exchange-traded funds - XSHD is a Dividend fund tracking the S&P SmallCap 600 Low Volatility High Dividend Index, while HIGH is a Derivative Income fund actively managed by Simplify. XSHD is passively managed, while HIGH is actively managed. Over the past 3 years, XSHD returned 2.14%/yr vs 2.88%/yr for HIGH. Their 0.20 correlation means their historical movements had little consistent relationship. XSHD charges 0.30%/yr vs 0.50%/yr for HIGH.
Performance
XSHD vs. HIGH - Performance Comparison
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Returns By Period
In the year-to-date period, XSHD achieves a 14.67% return, which is significantly higher than HIGH's 0.14% return.
XSHD
- 1D
- 0.71%
- 1M
- 0.27%
- 6M
- 7.76%
- YTD
- 14.67%
- 1Y
- 16.47%
- 3Y*
- 2.14%
- 5Y*
- -2.71%
- 10Y*
- —
- ALL TIME*
- -0.02%
HIGH
- 1D
- 1.15%
- 1M
- 0.70%
- 6M
- 0.59%
- YTD
- 0.14%
- 1Y
- -0.12%
- 3Y*
- 2.88%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $241.27K | $246.12K | $538.64K | |
| $445.72K | $396.15K | $476.24K |
XSHD vs. HIGH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 14.67% | -6.41% | -5.25% | 3.00% | -0.79% |
HIGH Simplify Enhanced Income ETF | 0.14% | 4.35% | 1.52% | 7.70% | 0.47% |
Correlation
The correlation between XSHD and HIGH is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | 0.20 |
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Return for Risk
XSHD vs. HIGH — Risk / Return Rank
XSHD
HIGH
XSHD vs. HIGH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and Simplify Enhanced Income ETF (HIGH). 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.
| XSHD | HIGH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.02 | +1.59 |
| Martin ratioReturn relative to average drawdown | 4.41 | -0.03 | +4.43 |
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Drawdowns
XSHD vs. HIGH - Drawdown Comparison
The maximum XSHD drawdown since its inception was -49.53%, which is greater than HIGH's maximum drawdown of -9.50%. Use the drawdown chart below to compare losses from any high point for XSHD and HIGH.
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Drawdown Indicators
| XSHD | HIGH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.53% | -9.50% | -40.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -7.08% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -9.50% | -11.27% |
Max Drawdown (5Y)Largest decline over 5 years | -34.67% | — | — |
Current DrawdownCurrent decline from peak | -20.14% | -6.63% | -13.51% |
Average DrawdownAverage peak-to-trough decline | -16.44% | -2.59% | -13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 4.47% | -0.73% |
Volatility
XSHD vs. HIGH - Volatility Comparison
Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) has a higher volatility of 4.69% compared to Simplify Enhanced Income ETF (HIGH) at 2.43%. This indicates that XSHD's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSHD | HIGH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 2.43% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.22% | 4.03% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 7.31% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 9.48% | +9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.14% | 9.48% | +12.66% |
XSHD vs. HIGH - Expense Ratio Comparison
XSHD has a 0.30% expense ratio, which is lower than HIGH's 0.50% expense ratio.
Dividends
XSHD vs. HIGH - Dividend Comparison
XSHD's dividend yield for the trailing twelve months is around 4.89%, less than HIGH's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 6.81% | 7.71% | 8.34% | 9.40% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF | 4.89% | 6.45% | 7.25% | 7.62% | 6.77% | 3.86% | 5.55% | 4.88% | 5.49% | 4.11% | 0.41% |
Frequently Asked Questions
XSHD and HIGH have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSHD has higher volatility (4.69%) compared to HIGH (2.43%). In terms of maximum drawdown, XSHD dropped -49.53% vs HIGH's -9.50%.
On 3-year performance, HIGH leads with 2.88% vs 2.14% for XSHD. On fees, XSHD is cheaper at 0.30% per year. On volatility, HIGH has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HIGH has performed better with a 2.88% return vs 2.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSHD is cheaper with a 0.30% expense ratio, compared with 0.50% for HIGH.
HIGH has the higher dividend yield at 6.81%, compared with 4.89% for XSHD.
XSHD is categorized as Dividend, while HIGH is Derivative Income. They also come from different issuers: Invesco and Simplify. Their fees differ too: 0.30% for XSHD and 0.50% for HIGH.
XSHD currently has the higher Sharpe Ratio (1.11 vs -0.02), 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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