Which returned more over the last year, SPHD or SPY?

In the year to Sep 13, 2026, with distributions reinvested, SPHD returned +8.6% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.

Which is cheaper, SPHD or SPY?

SPHD charges 0.30% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.

How much do SPHD and SPY overlap with the S&P 500?

By their latest filed holdings, 96% of SPHD and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 6% of their books are the same securities at the same weight.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

SPHD vs SPY: how they differ

SPHD and SPY hold 6% of their weight in the same names, and SPY returned more over the year.

Invesco S&P 500 High Dividend Low Volatility ETF and SPDR S&P 500 ETF Trust.

What they hold in common

By the books each fund has filed, SPHD and SPY hold 6% of their money in the same securities at the same weight.

Positions SPHD and SPY both hold, largest shared weight first
Holding	SPHD	SPY
ExxonMobil Holdings Corp	1.45%	1.05%
Chevron Corp	2.11%	0.61%
Verizon Communications Inc	3.39%	0.32%
PepsiCo Inc	1.97%	0.28%
AT&T Inc	2.70%	0.27%
ConocoPhillips	1.67%	0.26%
Pfizer Inc	3.38%	0.24%
Bristol-Myers Squibb Co	2.08%	0.20%
Medtronic PLC	1.85%	0.18%
Altria Group Inc	2.55%	0.17%
Duke Energy Corp	1.44%	0.14%
Comcast Corp	2.62%	0.14%

Largest positions each one holds and the other does not
Only in SPHD	Only in SPY
ONEOK Inc/OK 2.29%	NVIDIA CORP 8.08%
Invesco Government & Agency Portfolio 0.26%	APPLE INC 7.33%
CME E Mini Health Care Select Sector Fut 0.15%	MICROSOFT CORP 5.59%
E-mini S&P Real Estate Select Sector Sto 0.14%	AMAZON.COM INC 3.77%
CME E Mini Consumer Staples Select Secto 0.12%	ALPHABET INC CL A 2.98%
CME E Mini Energy Select Sector Futures 0.05%	BROADCOM INC 2.61%
CASH COLLATERAL 0.03%	ALPHABET INC CL C 2.39%
	META PLATFORMS INC CLASS A 2.16%

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.

SPHD and SPY on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	SPHD Invesco S&P 500 High Dividend Low Volatility ETF	SPY SPDR S&P 500 ETF Trust
Where it sits	Core index fund	Core index fund
Issuer	Invesco	State Street
What it is	S&P 500 High Dividend Low Volatility	S&P 500
Total return, 1 year	+8.6%	+17.5%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−8.9 pts	0.0 pts
Expense ratio	0.30%	0.09%
Already in the S&P 500	95.7%	100.0%
Holdings	56	505

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.

SPY in plain words

SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.

Questions people ask

Which returned more over the last year, SPHD or SPY?: In the year to Sep 13, 2026, with distributions reinvested, SPHD returned +8.6% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
Which is cheaper, SPHD or SPY?: SPHD charges 0.30% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
How much do SPHD and SPY overlap with the S&P 500?: By their latest filed holdings, 96% of SPHD and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 6% 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.

SPHD against SPY, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, SPHD against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/sphd-vs-spy Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources