Which returned more over the last year, SPHD or VTEB?

In the year to Sep 12, 2026, with distributions reinvested, SPHD returned +8.6% and VTEB returned +0.2%, so SPHD returned more. One year is one year; the longer windows are in the table.

Which is cheaper, SPHD or VTEB?

SPHD charges 0.30% a year and VTEB charges 0.03%, so VTEB is cheaper. Fees come from each fund's prospectus.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

SPHD vs VTEB: how they differ

SPHD and VTEB hold 0% of their weight in the same names, and SPHD returned more over the year.

Invesco S&P 500 High Dividend Low Volatility ETF and Vanguard Tax-Exempt Bond Index Fund.

What they hold in common

By the books each fund has filed, SPHD and VTEB hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in SPHD	Only in VTEB
Verizon Communications Inc. 3.49%	University of California 0.12%
Altria Group, Inc. 3.45%	Triborough Bridge & Tunnel Authority 0.12%
Healthpeak Properties, Inc. 3.24%	Colorado State Education Loan Program 0.11%
Kraft Heinz Co. (The) 3.03%	State of California 0.11%
Pfizer Inc. 2.99%	New York City Transitional Finance Autho 0.09%
Franklin Resources, Inc. 2.82%	Dallas Independent School District 0.09%
VICI Properties Inc. 2.68%	New York State Dormitory Authority 0.09%
ONEOK, Inc. 2.66%	Ohio Water Development Authority Water P 0.09%

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 and VTEB on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	SPHD Invesco S&P 500 High Dividend Low Volatility ETF	VTEB Vanguard Tax-Exempt Bond Index Fund
Where it sits	Core index fund	Core index fund
Issuer	Invesco	Vanguard
What it is	S&P 500 High Dividend Low Volatility	Tax-Exempt Bond
Total return, 1 year	+8.6%	+0.2%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−8.9 pts	−17.3 pts
Expense ratio	0.30%	0.03%
Holdings	49	10185

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.

VTEB in plain words

VTEB is a bond fund tracking the Tax-Exempt Bond. Over the year to Sep 11, 2026 it returned +0.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. It sat 3.6% below its high of Jul 6, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, SPHD or VTEB?: In the year to Sep 12, 2026, with distributions reinvested, SPHD returned +8.6% and VTEB returned +0.2%, so SPHD returned more. One year is one year; the longer windows are in the table.
Which is cheaper, SPHD or VTEB?: SPHD charges 0.30% a year and VTEB charges 0.03%, so VTEB is cheaper. Fees come from each fund's prospectus.

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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.

SPHD against VTEB, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, SPHD against VTEB, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHD-VTEB Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources