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PRF vs SPHD: Differences, Returns & Fees

PRF and SPHD hold 11% of their weight in the same names, and PRF returned +24.8% over the year. Net assets on Oct 9, 2026: $10.0bn for Invesco RAFI US 1000 ETF and $3.2bn for Invesco S&P 500 High Dividend Low Volatility ETF.

SPHD costs 0.04 points a year less; their one-year returns differ by 19.2 points; PRF is 3.2 times larger.

PRF vs SPHD: Differences, Returns & Fees
PRFSPHD
Expense ratio0.34%0.30%
Net assets$10.0bn$3.2bn
Total return, 1 year+24.8%+5.6%
What it tracksRAFI Fundamental Select US 1000 IndexS&P 500 Low Volatility High Dividend Index
Holdings in common11%
Holdings datedOct 10, 2026Oct 10, 2026
Top ten holdings, share of the fund23.7%28.2%
Below its high8.4%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+24.8%
PRF total return, 1 year
+5.6%
SPHD total return, 1 year
0.34%
PRF expense ratio
0.30%
SPHD expense ratio

What they hold in common

By the books each fund has filed, PRF and SPHD hold 11% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

11% in common

Positions both hold, largest shared weight first
Holding PRF SPHD
ExxonMobil Holdings Corp 1.94% 1.59%
Chevron Corp 1.36% 2.26%
Pfizer Inc 0.81% 3.72%
Verizon Communications Inc 0.72% 3.08%
AT&T Inc 0.69% 2.55%
ConocoPhillips 0.65% 1.75%
Bristol-Myers Squibb Co 0.50% 2.09%
Comcast Corp 0.42% 2.35%
PepsiCo Inc 0.32% 1.93%
EOG Resources Inc 0.30% 1.58%
Medtronic PLC 0.29% 1.94%
Altria Group Inc 0.26% 2.86%
Only in PRF
Apple Inc 4.66%
Alphabet Inc 3.41%
Microsoft Corp 3.25%
Amazon.com Inc 2.39%
Meta Platforms Inc 2.05%
Berkshire Hathaway Inc 1.81%
JPMorgan Chase & Co 1.62%
Intel Corp 1.22%
Only in SPHD
CME E Mini Health Care Select Sector Futures 0.15%
E-mini S&P Real Estate Select Sector Stock Index Futures 0.14%
CME E Mini Consumer Staples Select Sector Futures 0.13%
CME E Mini Energy Select Sector Futures 0.05%
CONTRA FUTURE XAE ENERGY DEC26IXPZ6 -0.05%
CONTRA FUTURE XAP CONS STAPLES DEC26IXRZ6 -0.13%
CONTRA FUTURE EMINI S&P REESTATEDEC26XARZ6 -0.14%
CONTRA FUTURE XAV HEALTH CARE DEC26IXCZ6 -0.15%

Check overlap with more funds →

On the same fields

PRF
Invesco RAFI US 1000 ETF
SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
Where it sits Stock ETF Stock ETF
Issuer Invesco Invesco
What it is Tracks an index Tracks the S&P 500 High Dividend Low Volatility
Total return, 1 year +24.8% +5.6%
Expense ratio 0.34% 0.30%
Already in the S&P 500 86.6% 95.2%
Holdings 1000 59
Net assets $10.0bn $3.2bn

PRF and SPHD on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About PRF

PRF tracks an index. Over the year to Oct 9, 2026 it returned +24.8% with distributions reinvested. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 10, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 1,000 positions, with the top ten at 23.7%.

About SPHD

SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 9, 2026 it returned +5.6% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 10, 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 8.4% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, PRF or SPHD?
In the year to Oct 9, 2026, with distributions reinvested, PRF returned +24.8% and SPHD +5.6%.
Which is cheaper, PRF or SPHD?
SPHD is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PRF and SPHD overlap with the S&P 500?
By their latest filed holdings, 87% of PRF and 95% of SPHD by weight is stocks the S&P 500 already holds.
Other comparisons
EAGL vs PRFDLN vs PRFPRF vs VOOVDFLV vs PRFDFLV vs SPHDAVLV vs SPHDDGRO vs SPHDRWL vs SPHD
PRF on its own →SPHD on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
PRF filings on SEC EDGAR ↗PRF prospectus with the expense ratio (SEC) ↗Invesco page for PRF ↗SPHD filings on SEC EDGAR ↗SPHD prospectus with the expense ratio (SEC) ↗Invesco page for SPHD ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, PRF against SPHD, data as of Oct 9, 2026. https://etfiq.com/compare/any/prf-vs-sphd

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.