SPHD vs VYM
SPHD vs VYM
Invesco S&P 500 High Dividend Low Volatility ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | SPHD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.04% | |
| AUM | $3.4B | $79.0B | |
| Dividend Yield | 4.58% | 2.86% | |
| Holdings | 61 | 568 | |
| YTD Return | +12.77% | +15.57% | |
| 1Y Return | +15.40% | +25.99% | |
| 3Y Return (annualized) | +12.78% | +18.02% | |
| 5Y Return (annualized) | +8.32% | +12.71% | |
| Volatility (annualized) | 14.3% | 14.6% | |
| Max Drawdown | -42.1% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 18, 2012 | Nov 10, 2006 |
SPHD vs VYM Performance
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPHD returned +15.40% while VYM returned +25.99%. Year to date, SPHD is up 12.77% versus a gain of 15.57% for VYM.
Over three years, SPHD compounded at +12.78% per year against +18.02% for VYM; over five years the annualized figures are +8.32% and +12.71% respectively. Across the full 14-year window we track, SPHD has the edge at +7.09% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.3% for SPHD. 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 -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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPHD charges 0.30% per year while VYM charges 0.04%. On a $10,000 position that is $30 vs $4 annually, a gap of $26 per year that compounds over a long holding period. On income, SPHD currently yields 4.58% against 2.86% for VYM.
Holdings Overlap
SPHD and VYM share 39 holdings out of 568 unique holdings combined, representing a 12.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPHD | Weight in VYM | Difference |
|---|---|---|---|
| XOM | 1.42% | 2.83% | 1.41% |
| MO | 3.64% | 0.51% | 3.13% |
| VZ | 3.14% | 0.93% | 2.21% |
| CVX | Pro | Pro | Pro |
| PFE | Pro | Pro | Pro |
| KHC | Pro | Pro | Pro |
| BEN | Pro | Pro | Pro |
| OKE | Pro | Pro | Pro |
| AMCR | Pro | Pro | Pro |
| BMY | Pro | Pro | Pro |
See all 10 holdings SPHD 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, SPHD or VYM?
SPHD has an expense ratio of 0.30% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, SPHD or VYM?
Over the past year SPHD returned +15.40% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (14 years), SPHD annualized +7.09% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, SPHD or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.3% for SPHD. Worst drawdown: SPHD -42.1% vs VYM -58.8%.
Should I hold both SPHD and VYM?
SPHD and VYM have a monthly-return correlation of 0.90, 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 SPHD and VYM?
SPHD and VYM share 39 common holdings with a 12.0% weight overlap. Combined, they hold 568 unique securities.
Which pays a higher dividend, SPHD or VYM?
SPHD yields 4.58% while VYM yields 2.86%, so SPHD currently pays the higher dividend yield.
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