Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPHD vs XLF: how they differ
SPHD and XLF hold 3% of their weight in the same names, and SPHD returned more over the year.
Invesco S&P 500 High Dividend Low Volatility ETF and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, SPHD and XLF hold 3% of their money in the same securities at the same weight.
| Holding | SPHD | XLF |
|---|---|---|
| Truist Financial Corp | 1.85% | 0.78% |
| Prudential Financial Inc | 2.31% | 0.51% |
| Huntington Bancshares Inc/OH | 1.46% | 0.42% |
| Regions Financial Corp | 1.56% | 0.32% |
| T Rowe Price Group Inc | 1.91% | 0.29% |
| KeyCorp | 1.53% | 0.25% |
| Franklin Templeton Inc | 1.86% | 0.13% |
| Only in SPHD | Only in XLF |
|---|---|
| Verizon Communications Inc 3.39% | JPMORGAN CHASE + CO 11.81% |
| Pfizer Inc 3.38% | BERKSHIRE HATHAWAY INC CL B 11.59% |
| General Mills Inc 2.96% | VISA INC CLASS A SHARES 7.60% |
| Kraft Heinz Co/The 2.90% | MASTERCARD INC A 5.69% |
| VICI Properties Inc 2.83% | BANK OF AMERICA CORP 5.09% |
| AT&T Inc 2.70% | GOLDMAN SACHS GROUP INC 3.75% |
| Comcast Corp 2.62% | WELLS FARGO + CO 3.41% |
| Altria Group Inc 2.55% | MORGAN STANLEY 3.18% |
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 Invesco S&P 500 High Dividend Low Volatility ETF | XLF State Street(R) Financial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Invesco | State Street |
| What it is | S&P 500 High Dividend Low Volatility | Financials |
| Total return, 1 year | +8.6% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.9 pts | −9.9 pts |
| Expense ratio | 0.30% | 0.08% |
| Already in the S&P 500 | 95.7% | 100.0% |
| Holdings | 56 | 79 |
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.
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 79 positions, with the top ten at 57.3%.
Questions people ask
- Which returned more over the last year, SPHD or XLF?
- In the year to Sep 13, 2026, with distributions reinvested, SPHD returned +8.6% and XLF returned +7.6%, so SPHD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPHD or XLF?
- SPHD charges 0.30% a year and XLF charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do SPHD and XLF overlap with the S&P 500?
- By their latest filed holdings, 96% of SPHD and 100% of XLF by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.
Other comparisons
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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, SPHD against XLF, data as of Sep 13, 2026. https://etfiq.com/compare/any/sphd-vs-xlf Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources