SPHB vs VTI

Quick Verdict

VTI has a lower expense ratio. SPHB delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.

Lower Fees: VTIHigher Returns: SPHBMore Diversified: VTI

Side-by-Side Comparison

MetricSPHBVTIWinner
Expense Ratio0.25%0.03%
AUM$983M$663.5B
Dividend Yield0.52%1.07%
Holdings1033,543
YTD Return+25.58%+13.92%
1Y Return+46.63%+24.07%
3Y Return (annualized)+25.32%+20.88%
5Y Return (annualized)+16.48%+12.47%
Volatility (annualized)24.6%15.3%
Max Drawdown-47.8%-56.6%
Fund FamilyInvesco (US)Vanguard (US)
CategoryEquityEquity
InceptionMay 5, 2011May 24, 2001

SPHB vs VTI Performance

Invesco S&P 500 High Beta ETF (SPHB) is a ETF from Invesco (US) and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPHB returned +46.63% while VTI returned +24.07%. Year to date, SPHB is up 25.58% versus a gain of 13.92% for VTI.

Over three years, SPHB compounded at +25.32% per year against +20.88% for VTI; over five years the annualized figures are +16.48% and +12.47% respectively. Across the full 15-year window we track, SPHB has the edge at +12.98% annualized vs +8.13%. 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 15.3% for VTI. 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 -56.6% for VTI. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.

Fees and Cost Over Time

SPHB charges 0.25% per year while VTI 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 1.07% for VTI.

Holdings Overlap

18.3%overlap

SPHB and VTI share 86 holdings out of 2797 unique holdings combined, representing a 18.3% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in SPHBWeight in VTIDifference
NVDA0.83%6.32%5.49%
MU2.17%1.79%0.38%
AMZN0.67%3.17%2.50%
AVGOProProPro
SNDKProProPro
TSLAProProPro
AMATProProPro
LRCXProProPro
METAProProPro
KLACProProPro
See all 10 holdings SPHB shares with VTI
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, SPHB or VTI?

SPHB has an expense ratio of 0.25% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $22 per year of difference.

Which performed better, SPHB or VTI?

Over the past year SPHB returned +46.63% vs +24.07% for VTI, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), SPHB annualized +12.98% vs +8.13% for VTI. Past performance does not guarantee future results.

Which is riskier, SPHB or VTI?

SPHB has been the more volatile fund at 24.6% annualized versus 15.3% for VTI. Worst drawdown: SPHB -47.8% vs VTI -56.6%.

Should I hold both SPHB and VTI?

SPHB and VTI have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.

What is the holdings overlap between SPHB and VTI?

SPHB and VTI share 86 common holdings with a 18.3% weight overlap. Combined, they hold 2797 unique securities.

Which pays a higher dividend, SPHB or VTI?

SPHB yields 0.52% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.

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