Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
DVY vs SPHD: how they differ
DVY and SPHD hold 40% of their weight in the same names, and DVY returned more over the year.
iShares Select Dividend ETF and Invesco S&P 500 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, DVY and SPHD hold 40% of their money in the same securities at the same weight.
| Holding | DVY | SPHD |
|---|---|---|
| ALTRIA GROUP INC | 2.30% | 3.45% |
| PFIZER INC | 2.22% | 2.99% |
| T. ROWE PRICE GROUP INC | 2.03% | 2.10% |
| VERIZON COMMUNICATIONS INC | 1.85% | 3.49% |
| PRUDENTIAL FINANCIAL INC | 1.85% | 1.88% |
| ONEOK INC | 1.84% | 2.66% |
| GENERAL MILLS INC | 1.52% | 1.72% |
| KIMBERLY CLARK CORP | 1.52% | 2.09% |
| TRUIST FINANCIAL CORP | 1.44% | 1.75% |
| DOMINION ENERGY INC | 1.43% | 2.15% |
| CHEVRON CORP | 1.38% | 2.10% |
| EVERSOURCE ENERGY | 1.38% | 1.83% |
| Only in DVY | Only in SPHD |
|---|---|
| HP INC 1.61% | Healthpeak Properties, Inc. 3.24% |
| EDISON INTERNATIONAL 1.54% | Kraft Heinz Co. (The) 3.03% |
| LYONDELLBASELL INDUSTRIES NV 1.53% | VICI Properties Inc. 2.68% |
| TARGET CORP 1.45% | Kimco Realty Corp. 2.46% |
| FORD MOTOR CO 1.39% | Realty Income Corp. 2.43% |
| KEYCORP 1.36% | Amcor PLC 2.41% |
| CVS HEALTH CORP 1.23% | Crown Castle Inc. 2.41% |
| MONDELEZ INTERNATIONAL INC 1.22% | Extra Space Storage Inc. 2.12% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| DVY iShares Select Dividend ETF | SPHD Invesco S&P 500 High Dividend Low Volatility ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Invesco |
| What it is | US dividend | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +18.0% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.5 pts | −8.9 pts |
| Expense ratio | 0.38% | 0.30% |
| Already in the S&P 500 | 80.5% | 95.7% |
| Holdings | 100 | 49 |
DVY in plain words
DVY is an index equity fund tracking the US dividend. Over the year to Sep 11, 2026 it returned +18.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.38% a year. By its holdings filed for Apr 30, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 18.3%.
SPHD in plain words
SPHD is an index equity fund tracking the S&P 500 High Dividend Low Volatility. Over the year to Sep 11, 2026 it returned +8.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.30% a year. By its holdings filed for May 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 49 positions, with the top ten at 29.3%. It sat 4.1% below its high of Aug 24, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, DVY or SPHD?
- In the year to Sep 12, 2026, with distributions reinvested, DVY returned +18.0% and SPHD returned +8.6%, so DVY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, DVY or SPHD?
- DVY charges 0.38% a year and SPHD charges 0.30%, so SPHD is cheaper. Fees come from each fund's prospectus.
- How much do DVY and SPHD overlap with the S&P 500?
- By their latest filed holdings, 80% of DVY and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 40% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DVY against SPHD, data as of Sep 12, 2026. https://etfiq.com/compare/any/DVY-SPHD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources