SPHB vs VYM
SPHB vs VYM
Invesco S&P 500 High Beta ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. SPHB delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | SPHB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | |
| AUM | $983M | $79.0B | |
| Dividend Yield | 0.52% | 2.86% | |
| Holdings | 103 | 568 | |
| YTD Return | +25.58% | +15.57% | |
| 1Y Return | +46.63% | +25.99% | |
| 3Y Return (annualized) | +25.32% | +18.02% | |
| 5Y Return (annualized) | +16.48% | +12.71% | |
| Volatility (annualized) | 24.6% | 14.6% | |
| Max Drawdown | -47.8% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 5, 2011 | Nov 10, 2006 |
SPHB vs VYM Performance
Invesco S&P 500 High Beta ETF (SPHB) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPHB returned +46.63% while VYM returned +25.99%. Year to date, SPHB is up 25.58% versus a gain of 15.57% for VYM.
Over three years, SPHB compounded at +25.32% per year against +18.02% for VYM; over five years the annualized figures are +16.48% and +12.71% respectively. Across the full 15-year window we track, SPHB has the edge at +12.98% annualized vs +7.07%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPHB charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, SPHB currently yields 0.52% against 2.86% for VYM.
Holdings Overlap
SPHB and VYM share 30 holdings out of 628 unique holdings combined, representing a 10.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPHB | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 0.88% | 6.47% | 5.59% |
| CAT | 0.88% | 1.51% | 0.63% |
| GLW | 1.36% | 0.51% | 0.85% |
| GS | Pro | Pro | Pro |
| DELL | Pro | Pro | Pro |
| C | Pro | Pro | Pro |
| MS | Pro | Pro | Pro |
| ADI | Pro | Pro | Pro |
| QCOM | Pro | Pro | Pro |
| HPE | Pro | Pro | Pro |
See all 10 holdings SPHB shares with VYM 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 VYM?
SPHB has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, SPHB or VYM?
Over the past year SPHB returned +46.63% vs +25.99% for VYM, so SPHB leads on 1-year performance. Over the longest common window we track (15 years), SPHB annualized +12.98% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, SPHB or VYM?
SPHB has been the more volatile fund at 24.6% annualized versus 14.6% for VYM. Worst drawdown: SPHB -47.8% vs VYM -58.8%.
Should I hold both SPHB and VYM?
SPHB and VYM have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPHB and VYM?
SPHB and VYM share 30 common holdings with a 10.1% weight overlap. Combined, they hold 628 unique securities.
Which pays a higher dividend, SPHB or VYM?
SPHB yields 0.52% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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