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SPHB vs SPY: Differences, Returns & Fees

SPHB and SPY hold 23% of their weight in the same names, and SPHB returned +37.4% over the year. Net assets: $1.0bn on Oct 9, 2026 for Invesco S&P 500 High Beta ETF, and $817.2bn on Oct 8, 2026 for SPDR S&P 500 ETF Trust.

SPY costs 0.16 points a year less; their one-year returns differ by 20.1 points; SPY is far larger, $817.2bn against $987m.

SPHB vs SPY: Differences, Returns & Fees
SPHBSPY
Expense ratio0.25%0.09%
Net assets, as of Oct 8, 2026$987m$817.2bn
Total return, 1 year+37.4%+17.3%
What it tracksS&P 500 High Beta IndexS&P 500 Index
Holdings in common23%
Holdings datedOct 10, 2026Oct 8, 2026
Top ten holdings, share of the fund20.4%39.1%

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+37.4%
SPHB total return, 1 year
+17.3%
SPY total return, 1 year
0.25%
SPHB expense ratio
0.09%
SPY expense ratio

What they hold in common

By the books each fund has filed, SPHB and SPY hold 23% 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 8, 2026 and Oct 9, 2026.

half

23% in common

Positions both hold, largest shared weight first
Holding SPHB SPY
Micron Technology Inc 1.93% 1.75%
Advanced Micro Devices Inc 2.01% 1.51%
Tesla Inc 1.31% 1.58%
NVIDIA Corp 0.98% 8.34%
Broadcom Inc 0.94% 2.56%
Meta Platforms Inc 0.88% 2.38%
Intel Corp 1.46% 0.80%
Amazon.com Inc 0.75% 3.73%
Alphabet Inc 0.69% 2.45%
Palantir Technologies Inc 1.03% 0.68%
Applied Materials Inc 1.26% 0.60%
Lam Research Corp 1.58% 0.60%
Only in SPHB
Invesco Government & Agency Portfolio 0.01%
SECURITIES LENDING - BNYM 0.00%
Only in SPY
APPLE INC 7.42%
MICROSOFT CORP 5.80%
ALPHABET INC CL A 3.06%
BERKSHIRE HATHAWAY INC CL B 1.42%
ELI LILLY + CO 1.40%
JPMORGAN CHASE + CO 1.32%
EXXONMOBIL HOLDINGS CORP 1.04%
VISA INC CLASS A SHARES 0.96%

Check overlap with more funds →

On the same fields

SPHB
Invesco S&P 500 High Beta ETF
SPY
SPDR S&P 500 ETF Trust
Where it sits Stock ETF Stock ETF
Issuer Invesco State Street
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +37.4% +17.3%
Its benchmark over the same days not published +17.3% (VOO)
Gap to its benchmark not available −0.1 pts vs VOO
Expense ratio 0.25% 0.09%
Already in the S&P 500 100.0% 99.8%
Holdings 101 504
Net assets, SPHB as of Oct 9, 2026 and SPY as of Oct 8, 2026 $1.0bn $817.2bn

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

About SPHB

SPHB tracks an index. Over the year to Oct 9, 2026 it returned +37.4% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 20.4%.

About SPY

SPY tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 8, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, SPHB or SPY?
In the year to Oct 9, 2026, with distributions reinvested, SPHB returned +37.4% and SPY +17.3%.
Which is cheaper, SPHB or SPY?
SPY is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPHB and SPY overlap with the S&P 500?
By their latest filed holdings, 100% of SPHB and 100% of SPY by weight is stocks the S&P 500 already holds.
Other comparisons
IVV vs SPHBSPHB vs VTISPHB vs VOOSPHB vs SPYMEFIV vs SPYDSPY vs SPYSPY vs VOTEFFLC vs SPY
SPHB on its own →SPY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
SPHB filings on SEC EDGAR ↗SPHB prospectus with the expense ratio (SEC) ↗Invesco page for SPHB ↗SPY filings on SEC EDGAR ↗State Street website ↗

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, SPHB against SPY, data as of Oct 9, 2026. https://etfiq.com/compare/any/sphb-vs-spy

Open data

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