Screener
SPHD vs AAPR
Invesco S&P 500 High Dividend Low Volatility ETF vs Innovator Equity Defined Protection ETF - 2 Yr to April 2026
Key differences
- SPHD costs 0.49% less per year.
- SPHD is significantly larger than AAPR — larger funds tend to be more liquid and less likely to close.
- SPHD is classified as equity, while AAPR is alternative — different risk/return profiles.
- SPHD follows a index tracking strategy; AAPR uses structured outcome.
- SPHD has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| SPHD | AAPR | |
|---|---|---|
| Annual cost (TER) | 0.30% | 0.79% |
| Fund size (AUM) | $3.3B | $52M |
| Since | 2012 | 2024 |
| Dividend yield | 4.37% | 0.00% |
| Asset class | equity | alternative |
| Region | north america | north america |
| Strategy | index tracking | structured outcome |
| CAGR 1Y | +12.6% | +11.0% |
| CAGR 3Y | +12.2% | N/A |
| CAGR 5Y | +6.2% | N/A |
| Sharpe 3Y | 0.69 | N/A |
| Volatility 1Y | 11.06% | 2.44% |
| Max drawdown | -41.39% | -5.99% |
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