Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHD vs VBR: how they differ
SPHD and VBR hold 3% of their weight in the same names, and VBR returned more over the year.
Invesco S&P 500 High Dividend Low Volatility ETF and Vanguard Small-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, SPHD and VBR hold 3% of their money in the same securities at the same weight.
| Holding | SPHD | VBR |
|---|---|---|
| Omnicom Group Inc. | 1.43% | 0.45% |
| Evergy, Inc. | 1.70% | 0.41% |
| Kimco Realty Corp. | 2.46% | 0.37% |
| Genuine Parts Co. | 1.04% | 0.35% |
| Healthpeak Properties, Inc. | 3.24% | 0.32% |
| Pinnacle West Capital Corp. | 1.85% | 0.28% |
| Clorox Co. (The) | 1.70% | 0.25% |
| BXP, Inc. | 1.94% | 0.23% |
| Franklin Resources, Inc. | 2.82% | 0.22% |
| General Mills, Inc. | 1.72% | 0.20% |
| Hormel Foods Corp. | 1.99% | 0.16% |
| Conagra Brands, Inc. | 2.33% | 0.14% |
| Only in SPHD | Only in VBR |
|---|---|
| Verizon Communications Inc. 3.49% | Jabil Inc 0.87% |
| Altria Group, Inc. 3.45% | NRG Energy Inc 0.66% |
| Kraft Heinz Co. (The) 3.03% | Tapestry Inc 0.64% |
| Pfizer Inc. 2.99% | Atmos Energy Corp 0.62% |
| VICI Properties Inc. 2.68% | Williams-Sonoma Inc 0.59% |
| ONEOK, Inc. 2.66% | Moderna Inc 0.54% |
| Realty Income Corp. 2.43% | Smurfit Westrock PLC 0.52% |
| Amcor PLC 2.41% | F5 Inc 0.50% |
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.
| SPHD Invesco S&P 500 High Dividend Low Volatility ETF | VBR Vanguard Small-Cap Value Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | Vanguard |
| What it is | S&P 500 High Dividend Low Volatility | Small-Cap Value |
| Total return, 1 year | +8.6% | +16.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.9 pts | −1.2 pts |
| Expense ratio | 0.30% | 0.05% |
| Already in the S&P 500 | 95.7% | 30.5% |
| Holdings | 49 | 840 |
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.
VBR in plain words
VBR is an index equity fund tracking the Small-Cap Value. Over the year to Sep 11, 2026 it returned +16.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 840 positions, with the top ten at 5.9%. It sat 3.8% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SPHD or VBR?
- In the year to Sep 12, 2026, with distributions reinvested, SPHD returned +8.6% and VBR returned +16.3%, so VBR returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHD or VBR?
- SPHD charges 0.30% a year and VBR charges 0.05%, so VBR is cheaper. Fees come from each fund's prospectus.
- How much do SPHD and VBR overlap with the S&P 500?
- By their latest filed holdings, 96% of SPHD and 30% of VBR by weight is stocks the S&P 500 already holds. Between the two funds, 3% 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, SPHD against VBR, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHD-VBR Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources