Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SDY vs SPHD: how they differ
SDY and SPHD hold 20% of their weight in the same names, and SDY returned more over the year.
State Street(R) SPDR(R) S&P(R) Dividend ETF and Invesco S&P 500 High Dividend Low Volatility ETF.
What they hold in common
By the books each fund has filed, SDY and SPHD hold 20% of their money in the same securities at the same weight.
| Holding | SDY | SPHD |
|---|---|---|
| VERIZON COMMUNICATIONS INC | 3.33% | 3.39% |
| REALTY INCOME CORP | 2.12% | 2.19% |
| CHEVRON CORP | 2.09% | 2.11% |
| PEPSICO INC | 1.95% | 1.97% |
| MEDTRONIC PLC | 1.82% | 1.85% |
| KIMBERLY CLARK CORP | 1.43% | 1.93% |
| EXXONMOBIL HOLDINGS CORP | 1.42% | 1.45% |
| EVERSOURCE ENERGY | 1.09% | 1.79% |
| T ROWE PRICE GROUP INC | 0.98% | 1.91% |
| EDISON INTERNATIONAL | 0.88% | 1.49% |
| EVERGY INC | 0.81% | 1.37% |
| GENUINE PARTS CO | 0.78% | 1.81% |
| Only in SDY | Only in SPHD |
|---|---|
| ACCENTURE PLC CL A 2.94% | Pfizer Inc 3.38% |
| TARGET CORP 1.74% | General Mills Inc 2.96% |
| NIKE INC CL B 1.53% | Kraft Heinz Co/The 2.90% |
| KENVUE INC 1.48% | VICI Properties Inc 2.83% |
| AUTOMATIC DATA PROCESSING 1.47% | AT&T Inc 2.70% |
| BECTON DICKINSON AND CO 1.41% | Comcast Corp 2.62% |
| CONSOLIDATED EDISON INC 1.35% | Altria Group Inc 2.55% |
| WEC ENERGY GROUP INC 1.34% | Crown Castle Inc 2.43% |
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 Sep 10, 2026.
| SDY State Street(R) SPDR(R) S&P(R) Dividend ETF | SPHD Invesco S&P 500 High Dividend Low Volatility ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | Invesco |
| What it is | SPDR S&P Dividend | S&P 500 High Dividend Low Volatility |
| Total return, 1 year | +11.0% | +8.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −6.5 pts | −8.9 pts |
| Expense ratio | 0.35% | 0.30% |
| Already in the S&P 500 | 84.6% | 95.7% |
| Holdings | 157 | 56 |
SDY in plain words
SDY is an index equity fund tracking the SPDR S&P Dividend. Over the year to Sep 11, 2026 it returned +11.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Sep 10, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 157 positions, with the top ten at 20.5%. It sat 3.9% below its high of Aug 24, 2026 on Sep 11, 2026.
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 Sep 10, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 56 positions, with the top ten at 28.1%. It sat 4.1% below its high of Aug 24, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, SDY or SPHD?
- In the year to Sep 13, 2026, with distributions reinvested, SDY returned +11.0% and SPHD returned +8.6%, so SDY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SDY or SPHD?
- SDY charges 0.35% a year and SPHD charges 0.30%, so SPHD is cheaper. Fees come from each fund's prospectus.
- How much do SDY and SPHD overlap with the S&P 500?
- By their latest filed holdings, 85% of SDY and 96% of SPHD by weight is stocks the S&P 500 already holds. Between the two funds, 20% 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, SDY against SPHD, data as of Sep 13, 2026. https://etfiq.com/compare/any/sdy-vs-sphd Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources