Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHD vs USMV: how they differ
SPHD and USMV hold 8% of their weight in the same names, and SPHD returned more over the year.
Invesco S&P 500 High Dividend Low Volatility ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, SPHD and USMV hold 8% of their money in the same securities at the same weight.
| Holding | SPHD | USMV |
|---|---|---|
| Duke Energy Corp. | 1.59% | 1.55% |
| Exxon Mobil Corp. | 1.55% | 1.60% |
| Verizon Communications Inc. | 3.49% | 1.49% |
| AT&T Inc. | 2.02% | 0.99% |
| Realty Income Corp. | 2.43% | 0.72% |
| Williams Cos., Inc. (The) | 1.61% | 0.49% |
| Chevron Corp. | 2.10% | 0.41% |
| Dominion Energy, Inc. | 2.15% | 0.25% |
| EOG Resources, Inc. | 1.99% | 0.18% |
| General Mills, Inc. | 1.72% | 0.15% |
| Kimberly-Clark Corp. | 2.09% | 0.15% |
| DTE Energy Co. | 1.54% | 0.06% |
| Only in SPHD | Only in USMV |
|---|---|
| Altria Group, Inc. 3.45% | CISCO SYSTEMS, INC. 1.81% |
| Healthpeak Properties, Inc. 3.24% | NVIDIA CORPORATION 1.64% |
| Kraft Heinz Co. (The) 3.03% | MICROSOFT CORPORATION 1.56% |
| Pfizer Inc. 2.99% | THE SOUTHERN COMPANY 1.53% |
| Franklin Resources, Inc. 2.82% | AMPHENOL CORPORATION 1.51% |
| VICI Properties Inc. 2.68% | Chubb Limited 1.50% |
| ONEOK, Inc. 2.66% | WASTE MANAGEMENT, INC. 1.48% |
| Kimco Realty Corp. 2.46% | MOTOROLA SOLUTIONS, INC. 1.46% |
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.
| SPHD Invesco S&P 500 High Dividend Low Volatility ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | iShares |
| What it is | S&P 500 High Dividend Low Volatility | MSCI USA Min Vol Factor |
| Total return, 1 year | +8.6% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.9 pts | −10.9 pts |
| Expense ratio | 0.30% | 0.15% |
| Already in the S&P 500 | 95.7% | 94.8% |
| Holdings | 49 | 170 |
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.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, SPHD or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, SPHD returned +8.6% and USMV returned +6.6%, so SPHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHD or USMV?
- SPHD charges 0.30% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do SPHD and USMV overlap with the S&P 500?
- By their latest filed holdings, 96% of SPHD and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 8% 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, SPHD against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHD-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources