Data as of Oct 28, 2026.
SPHD vs SPYD: Differences, Returns & Fees
Over the year to Oct 28, 2026, SPHD returned +11.0% to SPYD's +15.3%; 57% of their weight is in the same names.
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Net assets on Oct 27, 2026: $3.3bn for Invesco S&P 500 High Dividend Low Volatility ETF and $7.5bn for State Street SPDR Portfolio S&P 500 High Dividend ETF.
Pair scorecard
SPYD costs 0.23 points a year less; their one-year returns differ by 4.3 points; SPYD is 2.3 times larger.
| Measure | SPHD | SPYD |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.0% | +15.3% |
| Drawdown | ||
| Below its high | 4.2%, high on Aug 24, 2026 | 4.1%, high on Aug 24, 2026 |
| Benchmark | ||
| What it tracks | S&P 500 Low Volatility High Dividend Index | S&P 500 High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.30% | 0.07% |
| Net assets, as of Oct 27, 2026 | $3.3bn | $7.5bn |
| Holdings | ||
| Holdings in common | 57% | |
| Top ten holdings, share of the fund | 28.2% | 16.1% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 30, 2015 to Oct 23, 2026 · 573 weekly returnsSPYD returned more: +168.7% to +144.2%. SPHD swung less: 17.3% to 19.6%. SPHD fell less at its worst: −38.2% to −43.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPHD | SPYD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +144.2% | +168.7% | SPYD | Price change plus distributions, reinvested. |
| Annualized | +8.4% | +9.4% | SPYD | Total return as a yearly rate. |
| Price return | +54.9% | +61.3% | SPYD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.3% | 19.6% | SPHD | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.3% | 13.8% | SPHD | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −38.2% | −43.0% | SPHD | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.42 | 0.44 | SPYD (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.59 | 0.62 | SPYD (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.22 | 0.22 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 573 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPHD and SPYD hold 57% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
57% in common
Only in one fund ↓
Side by side
SPHD and SPYD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPHD and SPYD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SPHD follows S&P 500 Low Volatility High Dividend Index and SPYD follows S&P 500 High Dividend Index.
- One-year total return. Over 1 year to Oct 28, 2026 SPHD returned +11.0% and SPYD +15.3% with distributions reinvested, a gap of 4.3 points.
- Cost. SPHD charges 0.30% of assets a year and SPYD 0.07%, a gap of 0.23 points.
Data as of Oct 28, 2026.
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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.
SPYD
SPYD tracks the S&P 500 High Dividend. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 16.1%. It sat 4.1% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SPHD or SPYD?
- In the year to Oct 28, 2026, with distributions reinvested, SPHD returned +11.0% and SPYD +15.3%.
- Which is cheaper, SPHD or SPYD?
- SPYD is cheaper, by 0.23 percentage points a year. That is about $23 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, SPHD against SPYD, data as of Oct 28, 2026. https://etfiq.com/compare/any/sphd-vs-spyd
ETFIQ. (Oct 28, 2026). SPHD against SPYD. Retrieved from https://etfiq.com/compare/any/sphd-vs-spyd
[SPHD against SPYD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/sphd-vs-spyd)
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