Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SDY vs SPHD: how they differ
SDY and SPHD hold 14% of their weight in the same names, and SDY returned more over the year.
State Street(R) SPDR(R) S&P(R) Dividend ETF and Invesco S&P 500 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, SDY and SPHD hold 14% of their money in the same securities at the same weight.
| Holding | SDY | SPHD |
|---|---|---|
| Verizon Communications Inc | 2.15% | 3.49% |
| Realty Income Corp | 2.14% | 2.43% |
| Kimberly-Clark Corp | 1.75% | 2.09% |
| Eversource Energy | 1.35% | 1.83% |
| Chevron Corp | 1.28% | 2.10% |
| T Rowe Price Group Inc | 1.09% | 2.10% |
| Evergy Inc | 0.98% | 1.70% |
| Exxon Mobil Corp | 0.93% | 1.55% |
| Genuine Parts Co | 0.73% | 1.04% |
| Clorox Co/The | 0.58% | 1.70% |
| Franklin Resources Inc | 0.43% | 2.82% |
| Hormel Foods Corp | 0.37% | 1.99% |
| Only in SDY | Only in SPHD |
|---|---|
| Kenvue Inc 1.76% | Altria Group, Inc. 3.45% |
| AbbVie Inc 1.63% | Healthpeak Properties, Inc. 3.24% |
| QUALCOMM Inc 1.57% | Kraft Heinz Co. (The) 3.03% |
| Texas Instruments Inc 1.56% | Pfizer Inc. 2.99% |
| Target Corp 1.55% | VICI Properties Inc. 2.68% |
| Automatic Data Processing Inc 1.54% | ONEOK, Inc. 2.66% |
| Edison International 1.45% | Kimco Realty Corp. 2.46% |
| Sysco Corp 1.41% | Amcor PLC 2.41% |
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.
| SDY State Street(R) SPDR(R) S&P(R) Dividend ETF | SPHD Invesco S&P 500 High Dividend Low Volatility ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | Invesco |
| What it is | SPDR S&P Dividend | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +11.0% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −6.5 pts | −8.9 pts |
| Expense ratio | 0.35% | 0.30% |
| Already in the S&P 500 | 84.6% | 95.7% |
| Holdings | 155 | 49 |
SDY in plain words
SDY is an index equity fund tracking the SPDR S&P Dividend. Over the year to Sep 11, 2026 it returned +11.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jun 30, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 155 positions, with the top ten at 17.1%. It sat 3.9% below its high of Aug 24, 2026 on Sep 11, 2026.
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, SDY or SPHD?
- In the year to Sep 12, 2026, with distributions reinvested, SDY returned +11.0% and SPHD returned +8.6%, so SDY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SDY or SPHD?
- SDY charges 0.35% a year and SPHD charges 0.30%, so SPHD is cheaper. Fees come from each fund's prospectus.
- How much do SDY and SPHD overlap with the S&P 500?
- By their latest filed holdings, 85% of SDY and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 14% 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, SDY against SPHD, data as of Sep 12, 2026. https://etfiq.com/compare/any/SDY-SPHD Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources