Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWD vs SPHD: how they differ
IWD and SPHD hold 9% of their weight in the same names, and IWD returned more over the year.
iShares Russell 1000 Value ETF and Invesco S&P 500 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, IWD and SPHD hold 9% of their money in the same securities at the same weight.
| Holding | IWD | SPHD |
|---|---|---|
| EXXON MOBIL CORPORATION | 1.60% | 1.55% |
| CHEVRON CORPORATION | 0.86% | 2.10% |
| VERIZON COMMUNICATIONS INC. | 0.50% | 3.49% |
| AT&T INC. | 0.39% | 2.02% |
| PFIZER INC. | 0.39% | 2.99% |
| Altria Group, Inc. | 0.34% | 3.45% |
| BRISTOL-MYERS SQUIBB COMPANY | 0.33% | 2.08% |
| DUKE ENERGY CORPORATION | 0.28% | 1.59% |
| U.S. BANCORP | 0.26% | 1.62% |
| THE WILLIAMS COMPANIES, INC. | 0.25% | 1.61% |
| COMCAST CORPORATION | 0.24% | 1.60% |
| EOG RESOURCES, INC. | 0.20% | 1.99% |
| Only in IWD | Only in SPHD |
|---|---|
| AMAZON.COM, INC. 5.95% | |
| APPLE INC. 5.38% | |
| MICROSOFT CORPORATION 3.89% | |
| BERKSHIRE HATHAWAY INC. 2.62% | |
| JPMORGAN CHASE & CO. 2.46% | |
| INTEL CORPORATION 1.72% | |
| JOHNSON & JOHNSON 1.72% | |
| CISCO SYSTEMS, INC. 1.30% |
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 Jun 30, 2026 and May 31, 2026.
| IWD iShares Russell 1000 Value 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 | Russell 1000 value | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +27.4% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +9.9 pts | −8.9 pts |
| Expense ratio | 0.18% | 0.30% |
| Already in the S&P 500 | 90.2% | 95.7% |
| Holdings | 870 | 49 |
IWD in plain words
IWD is an index equity fund tracking the Russell 1000 value. Over the year to Sep 11, 2026 it returned +27.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 870 positions, with the top ten at 27.9%.
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, IWD or SPHD?
- In the year to Sep 12, 2026, with distributions reinvested, IWD returned +27.4% and SPHD returned +8.6%, so IWD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWD or SPHD?
- IWD charges 0.18% a year and SPHD charges 0.30%, so IWD is cheaper. Fees come from each fund's prospectus.
- How much do IWD and SPHD overlap with the S&P 500?
- By their latest filed holdings, 90% of IWD and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 9% of their books are the same securities at the same weight.
Other comparisons
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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, IWD against SPHD, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWD-SPHD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources