Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) Performance
SPHD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.9% since Dec 31, 2025
- 1 year
- +11.3% total return
- 5 years
- +7.8% a year
- 10 years
- +7.5% a year
- Since first price
- +9.4% a year since 2012
SPHD trailing returns vs SPY, QQQ, AGG
| Period | SPHD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.2% | +4.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.1% | −1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.2% | +3.6% | +7.8% | +8.4% | −1.5% |
| YTD | +11.9% | +7.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.3% | +5.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +55.3%+15.8%/yr | +37.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.7%+7.8%/yr | +18.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +106.7%+7.5%/yr | +36.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 18, 2012 | +254.1%+9.4%/yr | +100.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPHD vs SPY
From Oct 18, 2012: SPHD grew to $35,415, SPY to $66,256.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPHD returns by calendar year
11 of 13 full years positive. Best 2021 (+25.0%), worst 2020 (−10.0%). 2026 is year to date.
SPHD annual returns table
| Year | SPHD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.9% | −9.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.4% | −12.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.1% | −7.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +1.3% | −16.2% | +26.2% | +54.9% | +5.7% |
| 2022 | +0.6% | −19.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.0% | −8.3% | +28.7% | +27.4% | −1.8% |
| 2020 | −10.0% | −41.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.3% | −7.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.2% | −12.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +11.9% | −3.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +22.4% | −7.4% | +12.0% | +7.1% | +2.4% |
| 2015 | +5.2% | −8.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +20.0% | −4.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +20.8% | −7.0% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPHD largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −41.4% | Mar 23, 2020 | Mar 8, 2021 | 2 months | 1.1 years |
| Apr 20, 2022 | −19.5% | Oct 12, 2022 | May 15, 2024 | 6 months | 2.1 years |
| Nov 29, 2024 | −13.3% | Apr 8, 2025 | Jan 22, 2026 | 4 months | 1.1 years |
| Sep 21, 2018 | −12.5% | Dec 24, 2018 | Feb 13, 2019 | 3 months | 5 months |
| Jan 26, 2018 | −11.1% | Mar 23, 2018 | Aug 17, 2018 | 56 days | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPHD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +11.7% | +7.0% | +6.5% | +9.1% |
| Volatility (annualized) | 12.9% | 15.0% | 15.8% | 14.4% |
| Sharpe ratio | 0.59 | 0.28 | 0.34 | 0.57 |
| Sortino ratio | 0.90 | 0.42 | 0.47 | 0.84 |
| Best month | +7.5% | +9.8% | +13.4% | +13.4% |
| Worst month | −7.7% | −10.7% | −20.5% | −20.5% |
| Best 12 months | +36.9% | +36.9% | +50.4% | +50.4% |
| Worst 12 months | −2.3% | −14.2% | −26.0% | −26.0% |
| Positive months | 64% | 58% | 62% | 63% |
| Beta vs S&P 500 | 0.44 | 0.61 | 0.78 | — |
| Correlation with S&P 500 | 0.43 | 0.63 | 0.75 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPHD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 157 | −26.0% | +9.5% | +50.4% | 83% |
| 3-year (a year) | 133 | −5.8% | +8.7% | +17.5% | 93% |
| 5-year (a year) | 109 | +2.1% | +7.4% | +15.9% | 100% |
| 10-year (a year) | 49 | +6.5% | +8.3% | +10.7% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
SPHD performance overview
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) returned +11.3% over the past year and +7.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +9.4% a year, turning $10,000 into about $35,415. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −41.4%, from Jan 17, 2020 to Mar 23, 2020, and it took 11 months to get back to the old high. SPHD finished 11 of its 13 full calendar years with a gain; the best year was 2021 (+25.0%) and the worst 2020 (−10.0%). Volatility has been 14.4% a year.
Related: SPHD chart, SPHD holdings, SPHD dividends, SPHD valuation. See the SPHD overview for the latest quote and fund facts.
SPHD performance FAQ
What is the SPHD return over the past year?
SPHD returned +11.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.9%.
What is the average annual return of SPHD?
SPHD has returned +7.8% a year over 5 years, +7.5% a year over 10 years, +9.4% a year since October 18, 2012 (total return, distributions reinvested).
How much would $10,000 invested in SPHD be worth?
$10,000 invested in SPHD at its first recorded close on October 18, 2012 would be worth about $35,415 on October 23, 2026 with distributions reinvested.
What was the worst year for SPHD?
The worst calendar year was 2020, with a total return of −10.0%. The best was 2021 at +25.0%.
What is the biggest drawdown of SPHD?
The largest peak-to-trough decline was −41.4% between January 17, 2020 and March 23, 2020. It recovered to the old high on March 8, 2021, 11 months after the bottom.
How volatile is SPHD?
Over the past 3 years SPHD had an annualized volatility of 12.9% and a Sharpe ratio of 0.59 (excess return over 1–3 month T-bills per unit of risk).