SPYD vs TVAL: Differences, Returns & Fees
SPYD and TVAL hold 5% of their weight in the same names, and TVAL returned +26.8% over the year. Net assets: $7.1bn on Oct 8, 2026 for State Street SPDR Portfolio S&P 500 High Dividend ETF, and $1.1bn on Oct 9, 2026 for T. Rowe Price Value ETF.
SPYD costs 0.26 points a year less; their one-year returns differ by 16.4 points; SPYD is 6.6 times larger.
| SPYD | TVAL | |
|---|---|---|
| Expense ratio | 0.07% | 0.33% |
| Net assets, as of Oct 8, 2026 | $7.1bn | $1.1bn |
| Total return, 1 year | +10.4% | +26.8% |
| What it tracks | S&P 500 High Dividend Index ? | No index, actively managed |
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 15.5% | 23.0% |
| Below its high | 8.7%, high on Aug 24, 2026 | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 8, 2026.
What they hold in common
By the books each fund has filed, SPYD and TVAL hold 5% 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 Jun 30, 2026 and Oct 8, 2026.
half
5% in common
On the same fields
SPYD and TVAL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About SPYD
SPYD tracks the S&P 500 High Dividend. Over the year to Oct 9, 2026 it returned +10.4% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 8, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 15.5%. It sat 8.7% below its high of Aug 24, 2026 on Oct 9, 2026.
About TVAL
TVAL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 158 positions, with the top ten at 23.0%.
Over the year to Oct 9, 2026 it returned +26.8% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.
Questions people ask
- Which returned more over the last year, SPYD or TVAL?
- In the year to Oct 9, 2026, with distributions reinvested, SPYD returned +10.4% and TVAL +26.8%.
- Which is cheaper, SPYD or TVAL?
- SPYD is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
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, SPYD against TVAL, data as of Oct 9, 2026. https://etfiq.com/compare/any/spyd-vs-tval
ETFIQ. (Oct 9, 2026). SPYD against TVAL. Retrieved from https://etfiq.com/compare/any/spyd-vs-tval
[SPYD against TVAL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/spyd-vs-tval)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.