SPHD vs VOO
SPHD vs VOO
Invesco S&P 500 High Dividend Low Volatility ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPHD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $3.4B | $979.0B | |
| Dividend Yield | 4.58% | 1.09% | |
| Holdings | 61 | 509 | |
| YTD Return | +12.77% | +13.53% | |
| 1Y Return | +15.40% | +23.65% | |
| 3Y Return (annualized) | +12.78% | +21.27% | |
| 5Y Return (annualized) | +8.32% | +13.52% | |
| Volatility (annualized) | 14.3% | 14.1% | |
| Max Drawdown | -42.1% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 18, 2012 | Sep 7, 2010 |
SPHD vs VOO Performance
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year SPHD returned +15.40% while VOO returned +23.65%. Year to date, SPHD is up 12.77% versus a gain of 13.53% for VOO.
Over three years, SPHD compounded at +12.78% per year against +21.27% for VOO; over five years the annualized figures are +8.32% and +13.52% respectively. Across the full 14-year window we track, VOO has the edge at +13.57% annualized vs +7.09%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHD has been the more volatile fund, with annualized monthly volatility of 14.3% 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 -42.1% for SPHD 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 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPHD charges 0.30% per year while VOO charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, SPHD currently yields 4.58% against 1.09% for VOO.
Holdings Overlap
SPHD and VOO share 48 holdings out of 506 unique holdings combined, representing a 4.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPHD | Weight in VOO | Difference |
|---|---|---|---|
| MO | 3.64% | 0.19% | 3.45% |
| DOC | 3.61% | 0.02% | 3.59% |
| VZ | 3.14% | 0.27% | 2.87% |
| KHC | Pro | Pro | Pro |
| BEN | Pro | Pro | Pro |
| PFE | Pro | Pro | Pro |
| OKE | Pro | Pro | Pro |
| AMCR | Pro | Pro | Pro |
| VICI | Pro | Pro | Pro |
| KIM | Pro | Pro | Pro |
See all 10 holdings SPHD 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, SPHD or VOO?
SPHD has an expense ratio of 0.30% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, SPHD or VOO?
Over the past year SPHD returned +15.40% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (14 years), SPHD annualized +7.09% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, SPHD or VOO?
SPHD has been the more volatile fund at 14.3% annualized versus 14.1% for VOO. Worst drawdown: SPHD -42.1% vs VOO -34.3%.
Should I hold both SPHD and VOO?
SPHD and VOO have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPHD and VOO?
SPHD and VOO share 48 common holdings with a 4.8% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, SPHD or VOO?
SPHD yields 4.58% while VOO yields 1.09%, so SPHD currently pays the higher dividend yield.
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