SPHB vs VOO
SPHB vs VOO
Invesco S&P 500 High Beta ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. SPHB delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPHB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $983M | $979.0B | |
| Dividend Yield | 0.52% | 1.09% | |
| Holdings | 103 | 509 | |
| YTD Return | +25.58% | +13.53% | |
| 1Y Return | +46.63% | +23.65% | |
| 3Y Return (annualized) | +25.32% | +21.27% | |
| 5Y Return (annualized) | +16.48% | +13.52% | |
| Volatility (annualized) | 24.6% | 14.1% | |
| Max Drawdown | -47.8% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 5, 2011 | Sep 7, 2010 |
SPHB vs VOO Performance
Invesco S&P 500 High Beta ETF (SPHB) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPHB returned +46.63% while VOO returned +23.65%. Year to date, SPHB is up 25.58% versus a gain of 13.53% for VOO.
Over three years, SPHB compounded at +25.32% per year against +21.27% for VOO; over five years the annualized figures are +16.48% and +13.52% respectively. Across the full 15-year window we track, VOO has the edge at +13.57% annualized vs +12.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHB has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.8% for SPHB and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPHB charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, SPHB currently yields 0.52% against 1.09% for VOO.
Holdings Overlap
SPHB and VOO share 95 holdings out of 510 unique holdings combined, representing a 20.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPHB | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 0.83% | 7.51% | 6.68% |
| AMZN | 0.67% | 3.62% | 2.95% |
| MU | 2.17% | 2.02% | 0.15% |
| AVGO | Pro | Pro | Pro |
| SNDK | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AMAT | Pro | Pro | Pro |
| LRCX | Pro | Pro | Pro |
| KLAC | Pro | Pro | Pro |
See all 10 holdings SPHB shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPHB or VOO?
SPHB has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, SPHB or VOO?
Over the past year SPHB returned +46.63% vs +23.65% for VOO, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), SPHB annualized +12.98% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, SPHB or VOO?
SPHB has been the more volatile fund at 24.6% annualized versus 14.1% for VOO. Worst drawdown: SPHB -47.8% vs VOO -34.3%.
Should I hold both SPHB and VOO?
SPHB and VOO have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPHB and VOO?
SPHB and VOO share 95 common holdings with a 20.7% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, SPHB or VOO?
SPHB yields 0.52% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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