AOD vs PHDG
Abrdn Total Dynamic Dividend Fund vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
PHDG has a lower expense ratio. AOD delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.
Side-by-Side Comparison
| Metric | AOD | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 1.16% | 0.39% | |
| AUM | $1.0B | $61M | |
| Dividend Yield | 11.72% | 1.68% | |
| Holdings | 86 | 514 | |
| YTD Return | +18.03% | +13.02% | |
| 1Y Return | +34.72% | +18.49% | |
| 3Y Return (annualized) | +22.88% | +9.60% | |
| 5Y Return (annualized) | +11.28% | +4.75% | |
| Volatility (annualized) | 21.9% | 9.9% | |
| Max Drawdown | -88.1% | -23.6% | |
| Fund Family | Aberdeen | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jan 26, 2007 | Dec 5, 2012 |
AOD vs PHDG Performance
Abrdn Total Dynamic Dividend Fund (AOD) is a ETF from Aberdeen and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year AOD returned +34.72% while PHDG returned +18.49%. Year to date, AOD is up 18.03% versus a gain of 13.02% for PHDG.
Over three years, AOD compounded at +22.88% per year against +9.60% for PHDG; over five years the annualized figures are +11.28% and +4.75% respectively. Across the full 14-year window we track, PHDG has the edge at +4.45% annualized vs -4.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AOD has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 9.9% for PHDG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.1% for AOD and -23.6% for PHDG. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AOD charges 1.16% per year while PHDG charges 0.39%. On a $10,000 position that is $116 vs $39 annually, a gap of $77 per year that compounds over a long holding period. On income, AOD currently yields 11.72% against 1.68% for PHDG.
Holdings Overlap
AOD and PHDG share 38 holdings out of 541 unique holdings combined, representing a 16.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AOD or PHDG?
AOD has an expense ratio of 1.16% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, AOD or PHDG?
Over the past year AOD returned +34.72% vs +18.49% for PHDG, so AOD leads on 1-year performance. Over the longest common window we track (14 years), AOD annualized -4.05% vs +4.45% for PHDG. Past performance does not guarantee future results.
Which is riskier, AOD or PHDG?
AOD has been the more volatile fund at 21.9% annualized versus 9.9% for PHDG. Worst drawdown: AOD -88.1% vs PHDG -23.6%.
Should I hold both AOD and PHDG?
AOD and PHDG have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AOD and PHDG?
AOD and PHDG share 38 common holdings with a 16.8% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, AOD or PHDG?
AOD yields 11.72% while PHDG yields 1.68%, so AOD currently pays the higher dividend yield.
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