Data as of Oct 28, 2026.
DVY vs SPHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, DVY returned +17.1% to SPHD's +11.0%; 36% of their weight is in the same names.
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Net assets on Oct 27, 2026: $23.4bn for iShares Select Dividend ETF and $3.3bn for Invesco S&P 500 High Dividend Low Volatility ETF.
Pair scorecard
SPHD costs 0.08 points a year less; their one-year returns differ by 6.1 points; DVY is 7.1 times larger.
| Measure | DVY | SPHD |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.1% | +11.0% |
| Drawdown | ||
| Below its high | 4.2%, high on Aug 24, 2026 | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Select Dividend Index | S&P 500 Low Volatility High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.38% | 0.30% |
| Net assets, as of Oct 27, 2026 | $23.4bn | $3.3bn |
| Holdings | ||
| Holdings in common | 36% | |
| Top ten holdings, share of the fund | 19.7% | 28.2% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Nov 2, 2012 to Oct 23, 2026 · 729 weekly returnsDVY returned more: +356.9% to +266.3%. DVY and SPHD swung about the same: 16.4% and 16.1%. DVY and SPHD fell about the same at their worst: −38.1% and −38.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DVY | SPHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +356.9% | +266.3% | DVY | Price change plus distributions, reinvested. |
| Annualized | +11.4% | +9.7% | DVY | Total return as a yearly rate. |
| Price return | +180.0% | +107.7% | DVY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.4% | 16.1% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.5% | 11.3% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −38.1% | −38.2% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.63 | 0.54 | DVY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.90 | 0.77 | DVY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.30 | 0.25 | DVY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 729 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DVY and SPHD hold 36% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
36% in common
Only in one fund ↓
Side by side
DVY and SPHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DVY and SPHD do different jobs. What does each one do in a portfolio?
- What each follows. DVY follows Dow Jones U.S. Select Dividend Index and SPHD follows S&P 500 Low Volatility High Dividend Index.
- Holdings in common. 36% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DVY returned +17.1% and SPHD +11.0% with distributions reinvested, a gap of 6.1 points.
Data as of Oct 28, 2026.
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DVY
DVY tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.38% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 19.7%.
SPHD
SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, DVY or SPHD?
- In the year to Oct 28, 2026, with distributions reinvested, DVY returned +17.1% and SPHD +11.0%.
- Which is cheaper, DVY or SPHD?
- SPHD is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, DVY against SPHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/dvy-vs-sphd
ETFIQ. (Oct 28, 2026). DVY against SPHD. Retrieved from https://etfiq.com/compare/any/dvy-vs-sphd
[DVY against SPHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dvy-vs-sphd)
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