THYP vs PHDG

Comparison between 21Shares Hyperliquid ETF (THYP, ETF) and INVESCO S&P 500 DOWNSIDE HEDGED ETF (PHDG, ETF).

THYP vs PHDG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	THYP(ETF)	PHDG(ETF)
Net Assets	$74M	$74M
Expense Ratio	0.30%	0.39%
Max Drawdown	27.01%	23.59%
Sharpe Ratio	2.63	1.10
5Y Beta	3.55	0.31
P/E Ratio	N/A	28.77
Forward P/E	N/A	21.26
5Y Dividends CAGR	N/A	31.27%
5Y EPS CAGR	N/A	25.61%
Debt to Equity	N/A	31.66%
P/S Ratio	N/A	3.76
P/B Ratio	N/A	5.65

Net Assets

THYP

$74M

Winner

PHDG

$74M

Expense Ratio

Winner

THYP

0.30%

PHDG

0.39%

Max Drawdown

THYP

27.01%

Winner

PHDG

23.59%

Sharpe Ratio

Winner

THYP

2.63

PHDG

1.10

5Y Beta

THYP

3.55

Winner

PHDG

0.31

P/E Ratio

THYP

N/A

PHDG

28.77

Forward P/E

THYP

N/A

PHDG

21.26

5Y Dividends CAGR

THYP

N/A

PHDG

31.27%

5Y EPS CAGR

THYP

N/A

PHDG

25.61%

Debt to Equity

THYP

N/A

PHDG

31.66%

P/S Ratio

THYP

N/A

PHDG

3.76

P/B Ratio

THYP

N/A

PHDG

5.65

THYP vs PHDG - Historical Returns

Returns include dividend reinvestment.

Period	THYP	PHDG
1 month	-10.42%	-0.31%
3 months	N/A	+2.79%
6 months	N/A	+9.73%
1 year	N/A	+16.69%
5 years(CAGR)	N/A	+4.44%
10 years(CAGR)	N/A	+7.24%
Max(CAGR)	+696.04%	+5.62%

THYP

-10.42%

Winner

PHDG

-0.31%

THYP

N/A

PHDG

+2.79%

THYP

N/A

PHDG

+9.73%

THYP

N/A

PHDG

+16.69%

5Y(CAGR)

THYP

N/A

PHDG

+4.44%

10Y(CAGR)

THYP

N/A

PHDG

+7.24%

Max(CAGR)

Winner

THYP

+696.04%

PHDG

+5.62%

THYP vs PHDG - Annual Returns (2012 - 2026)

Returns include dividend reinvestment.

Year	THYP	PHDG
2026	+48.82%	+10.45%
2025	N/A	+2.46%
2024	N/A	+11.96%
2023	N/A	+8.79%
2022	N/A	-14.38%
2021	N/A	+16.13%
2020	N/A	+18.15%
2019	N/A	+8.89%
2018	N/A	-3.39%
2017	N/A	+15.36%
2016	N/A	-0.25%
2015	N/A	-9.72%
2014	N/A	+6.86%
2013	N/A	+12.19%
2012	N/A	-0.01%

THYP vs PHDG Drawdown Comparison

The maximum drawdown for THYP was -27.01%, occurring on Jun 10, 2026. This drawdown has not yet recovered.

The maximum drawdown for PHDG was -17.69%, occurring on Nov 3, 2016. Recovery took 759 trading sessions.

The current THYP drawdown is -18.18%. The current PHDG drawdown is -5.30%.

Rank	THYP	PHDG
#1	-27.01% Jun 1, 2026 - Jun 10, 2026	-17.69% Dec 5, 2014 - Dec 11, 2017
#2	-3.68% May 21, 2026 - May 26, 2026	-17.06% Dec 27, 2021 - Jun 12, 2024
#3	-3.61% May 12, 2026 - May 14, 2026	-15.87% Mar 18, 2020 - Aug 24, 2020
#4	-1.28% May 26, 2026 - May 28, 2026	-14.79% Dec 4, 2024 - Mar 2, 2026
#5	-0.33% May 14, 2026 - May 18, 2026	-12.79% Feb 6, 2018 - Mar 12, 2020
#6	N/A	-10.06% Sep 2, 2020 - Apr 15, 2021
#7	N/A	-6.36% Jun 15, 2026 - Jun 25, 2026
#8	N/A	-6.11% Aug 5, 2024 - Dec 4, 2024
#9	N/A	-5.20% Aug 2, 2013 - Dec 23, 2013
#10	N/A	-4.42% Sep 7, 2021 - Nov 2, 2021
#11	N/A	-4.37% Jul 16, 2024 - Aug 5, 2024
#12	N/A	-3.88% Jun 4, 2026 - Jun 15, 2026
#13	N/A	-3.69% Apr 2, 2014 - Jun 9, 2014
#14	N/A	-3.44% Dec 31, 2013 - Feb 28, 2014
#15	N/A	-3.37% Mar 10, 2026 - Apr 8, 2026

Correlation

Correlation between THYP and PHDG is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60

-101

Dividend Comparison (2012 - 2026)

THYP vs PHDG dividend yield comparison.

Year	THYP	PHDG
2026	0.11%	0.72%
2025	0.00%	2.10%
2024	0.00%	1.94%
2023	0.00%	1.93%
2022	0.00%	1.35%
2021	0.00%	0.44%
2020	0.00%	0.63%
2019	0.00%	1.80%
2018	0.00%	1.56%
2017	0.00%	1.83%
2016	0.00%	2.29%
2015	0.00%	1.64%
2014	0.00%	5.46%
2013	0.00%	1.76%
2012	0.00%	0.09%