Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPHD vs XLU: how they differ
SPHD and XLU hold 13% of their weight in the same names, and SPHD returned more over the year.
Invesco S&P 500 High Dividend Low Volatility ETF and State Street(R) Utilities Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, SPHD and XLU hold 13% of their money in the same securities at the same weight.
| Holding | SPHD | XLU |
|---|---|---|
| Dominion Energy, Inc. | 2.15% | 4.24% |
| Eversource Energy | 1.83% | 1.92% |
| FirstEnergy Corp. | 1.65% | 1.75% |
| Exelon Corp. | 1.59% | 3.37% |
| Duke Energy Corp. | 1.59% | 6.97% |
| DTE Energy Co. | 1.54% | 2.24% |
| Evergy, Inc. | 1.70% | 1.41% |
| Pinnacle West Capital Corp. | 1.85% | 0.92% |
| Only in SPHD | Only in XLU |
|---|---|
| Verizon Communications Inc. 3.49% | NextEra Energy Inc 12.93% |
| Altria Group, Inc. 3.45% | Southern Co/The 7.62% |
| Healthpeak Properties, Inc. 3.24% | Constellation Energy Corp 5.61% |
| Kraft Heinz Co. (The) 3.03% | American Electric Power Co Inc 5.26% |
| Pfizer Inc. 2.99% | Sempra 4.28% |
| Franklin Resources, Inc. 2.82% | Entergy Corp 3.71% |
| VICI Properties Inc. 2.68% | Vistra Corp 3.55% |
| ONEOK, Inc. 2.66% | Xcel Energy Inc 3.54% |
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 | XLU State Street(R) Utilities Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | S&P 500 High Dividend Low Volatility | Utilities |
| Total return, 1 year | +8.6% | +2.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.9 pts | −15.1 pts |
| Expense ratio | 0.30% | 0.08% |
| Already in the S&P 500 | 95.7% | 100.0% |
| Holdings | 49 | 31 |
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.
XLU in plain words
XLU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 57.7%. It sat 10.0% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SPHD or XLU?
- In the year to Sep 12, 2026, with distributions reinvested, SPHD returned +8.6% and XLU returned +2.4%, so SPHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHD or XLU?
- SPHD charges 0.30% a year and XLU charges 0.08%, so XLU is cheaper. Fees come from each fund's prospectus.
- How much do SPHD and XLU overlap with the S&P 500?
- By their latest filed holdings, 96% of SPHD and 100% of XLU 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.
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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 XLU, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPHD-XLU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources