Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHD vs VOE: how they differ
SPHD and VOE hold 13% of their weight in the same names, and VOE returned more over the year.
Invesco S&P 500 High Dividend Low Volatility ETF and Vanguard Mid-Cap Value Index Fund.
What they hold in common
By the books each fund has filed, SPHD and VOE hold 13% of their money in the same securities at the same weight.
| Holding | SPHD | VOE |
|---|---|---|
| Dominion Energy, Inc. | 2.15% | 1.04% |
| ONEOK, Inc. | 2.66% | 0.95% |
| Fifth Third Bancorp | 1.33% | 0.89% |
| Public Storage | 2.08% | 0.87% |
| Exelon Corp. | 1.59% | 0.83% |
| Williams Cos., Inc. (The) | 1.61% | 0.79% |
| Prudential Financial, Inc. | 1.88% | 0.65% |
| Kimberly-Clark Corp. | 2.09% | 0.63% |
| Huntington Bancshares Inc. | 1.33% | 0.62% |
| Crown Castle Inc. | 2.41% | 0.57% |
| Truist Financial Corp. | 1.75% | 0.54% |
| Kinder Morgan, Inc. | 1.98% | 0.52% |
| Only in SPHD | Only in VOE |
|---|---|
| Verizon Communications Inc. 3.49% | Cummins Inc 1.71% |
| Altria Group, Inc. 3.45% | Valero Energy Corp 1.34% |
| Healthpeak Properties, Inc. 3.24% | Marathon Petroleum Corp 1.29% |
| Pfizer Inc. 2.99% | CRH PLC 1.24% |
| Franklin Resources, Inc. 2.82% | United Rentals Inc 1.23% |
| Kimco Realty Corp. 2.46% | General Motors Co 1.21% |
| Realty Income Corp. 2.43% | SLB Ltd 1.21% |
| Amcor PLC 2.41% | Simon Property Group Inc 1.20% |
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 | VOE Vanguard Mid-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 | Mid-Cap Value |
| Total return, 1 year | +8.6% | +20.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.9 pts | +2.7 pts |
| Expense ratio | 0.30% | 0.05% |
| Already in the S&P 500 | 95.7% | 96.6% |
| 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.
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% 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, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
Questions people ask
- Which returned more over the last year, SPHD or VOE?
- In the year to Sep 12, 2026, with distributions reinvested, SPHD returned +8.6% and VOE returned +20.2%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHD or VOE?
- SPHD charges 0.30% a year and VOE charges 0.05%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do SPHD and VOE overlap with the S&P 500?
- By their latest filed holdings, 96% of SPHD and 97% of VOE by weight is stocks the S&P 500 already holds. Between the two funds, 13% 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 VOE, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHD-VOE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources