Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
HDV vs SPHD: how they differ
HDV and SPHD hold 18% of their weight in the same names, and HDV returned more over the year.
iShares Core High Dividend ETF and Invesco S&P 500 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, HDV and SPHD hold 18% of their money in the same securities at the same weight.
| Holding | HDV | SPHD |
|---|---|---|
| ALTRIA GROUP INC | 3.71% | 3.45% |
| CHEVRON CORP | 6.45% | 2.10% |
| US BANCORP | 1.69% | 1.62% |
| DUKE ENERGY CORP | 1.57% | 1.59% |
| EXXON MOBIL CORP | 8.45% | 1.55% |
| WILLIAMS COMPANIES INC (THE) | 1.22% | 1.61% |
| EOG RESOURCES INC | 1.14% | 1.99% |
| KINDER MORGAN INC | 1.09% | 1.98% |
| KIMBERLY CLARK CORP | 0.77% | 2.09% |
| PAYCHEX INC | 0.63% | 1.46% |
| T. ROWE PRICE GROUP INC | 0.60% | 2.10% |
| DTE ENERGY COMPANY | 0.47% | 1.54% |
| Only in HDV | Only in SPHD |
|---|---|
| JOHNSON & JOHNSON 5.70% | Verizon Communications Inc. 3.49% |
| ABBVIE INC 5.45% | Healthpeak Properties, Inc. 3.24% |
| PROCTER & GAMBLE COMPANY (THE) 4.47% | Kraft Heinz Co. (The) 3.03% |
| PHILIP MORRIS INTERNATIONAL INC 4.18% | Pfizer Inc. 2.99% |
| HOME DEPOT INC (THE) 4.08% | Franklin Resources, Inc. 2.82% |
| COCA-COLA COMPANY (THE) 3.88% | VICI Properties Inc. 2.68% |
| PROGRESSIVE CORP (THE) 3.80% | ONEOK, Inc. 2.66% |
| MERCK & COMPANY INC 3.78% | Kimco Realty Corp. 2.46% |
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.
| HDV iShares Core High 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 | Core High Dividend | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +22.5% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.0 pts | −8.9 pts |
| Expense ratio | 0.08% | 0.30% |
| Already in the S&P 500 | 98.0% | 95.7% |
| Holdings | 75 | 49 |
HDV in plain words
HDV is an index equity fund tracking the Core High Dividend. Over the year to Sep 11, 2026 it returned +22.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Apr 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 75 positions, with the top ten at 50.2%.
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, HDV or SPHD?
- In the year to Sep 12, 2026, with distributions reinvested, HDV returned +22.5% and SPHD returned +8.6%, so HDV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, HDV or SPHD?
- HDV charges 0.08% a year and SPHD charges 0.30%, so HDV is cheaper. Fees come from each fund's prospectus.
- How much do HDV and SPHD overlap with the S&P 500?
- By their latest filed holdings, 98% of HDV and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 18% of their books are the same securities at the same weight.
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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, HDV against SPHD, data as of Sep 12, 2026. https://etfiq.com/compare/any/HDV-SPHD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources