Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHD vs VTV: how they differ
SPHD and VTV hold 10% of their weight in the same names, and VTV returned more over the year.
Invesco S&P 500 High Dividend Low Volatility ETF and Vanguard Value Index Fund.
What they hold in common
By the books each fund has filed, SPHD and VTV hold 10% of their money in the same securities at the same weight.
| Holding | SPHD | VTV |
|---|---|---|
| Exxon Mobil Corp. | 1.55% | 2.13% |
| Chevron Corp. | 2.10% | 1.18% |
| Verizon Communications Inc. | 3.49% | 0.60% |
| AT&T Inc. | 2.02% | 0.54% |
| Pfizer Inc. | 2.99% | 0.52% |
| Altria Group, Inc. | 3.45% | 0.45% |
| Bristol-Myers Squibb Co. | 2.08% | 0.44% |
| Duke Energy Corp. | 1.59% | 0.37% |
| U.S. Bancorp | 1.62% | 0.35% |
| Williams Cos., Inc. (The) | 1.61% | 0.34% |
| Comcast Corp. | 1.60% | 0.33% |
| EOG Resources, Inc. | 1.99% | 0.26% |
| Only in SPHD | Only in VTV |
|---|---|
| Healthpeak Properties, Inc. 3.24% | Micron Technology Inc 4.89% |
| Franklin Resources, Inc. 2.82% | JPMorgan Chase & Co 3.07% |
| Kimco Realty Corp. 2.46% | Berkshire Hathaway Inc 2.96% |
| Amcor PLC 2.41% | Johnson & Johnson 2.30% |
| Conagra Brands, Inc. 2.33% | Walmart Inc 1.87% |
| Hormel Foods Corp. 1.99% | Caterpillar Inc 1.84% |
| UDR, Inc. 1.96% | AbbVie Inc 1.67% |
| BXP, Inc. 1.94% | Cisco Systems Inc 1.57% |
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 | VTV Vanguard 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 | US value |
| Total return, 1 year | +8.6% | +22.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.9 pts | +5.4 pts |
| Expense ratio | 0.30% | 0.03% |
| Already in the S&P 500 | 95.7% | 98.6% |
| Holdings | 49 | 308 |
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.
VTV in plain words
VTV is an index equity fund tracking the US value. Over the year to Sep 11, 2026 it returned +22.9% 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. By its holdings filed for Jun 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 308 positions, with the top ten at 23.7%.
Questions people ask
- Which returned more over the last year, SPHD or VTV?
- In the year to Sep 12, 2026, with distributions reinvested, SPHD returned +8.6% and VTV returned +22.9%, so VTV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHD or VTV?
- SPHD charges 0.30% a year and VTV charges 0.03%, so VTV is cheaper. Fees come from each fund's prospectus.
- How much do SPHD and VTV overlap with the S&P 500?
- By their latest filed holdings, 96% of SPHD and 99% of VTV by weight is stocks the S&P 500 already holds. Between the two funds, 10% 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 VTV, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHD-VTV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources