SPHD vs SPYD: Yield, Cost and Returns Compared
As of Nov 5, 2026, SPHD yields more: 4.68% (dividend yield) against 4.11% for SPYD. SPYD is cheaper to own at 0.07% a year vs 0.30%. Over the same 11 years (Oct 2015 to Oct 2026), SPYD returned 9.5% a year with distributions reinvested, and SPHD 8.5%.
SPHDInvesco S&P 500 High Dividend Low Volatility ETF4.68%dividend yield
SPYDState Street SPDR Portfolio S&P 500 High Dividend ETF4.11%dividend yield| Compared | SPHD | SPYD |
|---|---|---|
| YieldDividend yield | 4.68% | 4.11% |
| Expense ratio | 0.30% | 0.07% |
| Total return, 1 yr | +15.5% | +20.6% |
| Total return, 3 yr (a year) | +15.7% | +18.7% |
| Total return, 5 yr (a year) | +8.3% | +8.7% |
| Total return, 10 yr (a year) | +7.7% | +8.9% |
| Worst drop since Oct 2015 | -30.9% | -36.6% |
| Share price since Oct 2015 | +56% | +63% |
| Pays | Monthly | Quarterly |
| Issuer | Invesco | State Street Investment Management |
| Assets | $3.4B | $7.6B |
| Started | 2012 | 2015 |
| Type | Large Value | Mid-Cap Value |
Higher yield
SPHD
4.68%
Lower cost
SPYD
0.07%
Better total return
SPYD
9.5%/yr
Smaller worst drop
SPHD
-30.9%
Key facts: SPHD vs SPYD
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, SPHD yields 4.68% (dividend yield) and SPYD yields 4.11% (dividend yield).
- SPHD's expense ratio is 0.30% and SPYD's is 0.07%: $30 vs $7 a year on $10,000.
- From Oct 2015 to Oct 2026, $10,000 in SPHD grew to $24,649 (8.5% a year) and $10,000 in SPYD to $27,105 (9.5% a year), distributions reinvested.
- Their worst month-end drops over that time: -30.9% for SPHD and -36.6% for SPYD.
- 3 of SPHD's top ten holdings are also in SPYD's top ten, an overlap of at least 5% of the fund.
Cite this page
SmarterDividends, "SPHD vs SPYD: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/sphd-vs-spyd
$10,000 in each, Oct 2015 to Oct 2026
Distributions reinvested, month-end values, with the S&P 500 for reference.
SPHD became
$24,649
8.5% a year
SPYD became
$27,105
9.5% a year
Year by year
| Year | SPHD | SPYD |
|---|---|---|
| 2025 | +3.4% | +4.6% |
| 2024 | +18.1% | +15.3% |
| 2023 | +1.3% | +3.9% |
| 2022 | +0.6% | −1.2% |
| 2021 | +25.0% | +32.7% |
| 2020 | −10.0% | −11.6% |
| 2019 | +20.2% | +21.2% |
| 2018 | −6.2% | −4.9% |
| 2017 | +11.9% | +12.7% |
| 2016 | +22.4% | +24.6% |
Total return each calendar year, distributions reinvested.
Top holdings
3 of the top ten overlap, at least 5% of each fund.
SPHD
- PFE Pfizer Inc3.8%
- VZ Verizon Communications Inc3.1%
- CCI Crown Castle Inc2.9%
- MO Altria Group Inc2.9%
- KHC The Kraft Heinz Co2.9%
- GIS General Mills Inc2.8%
- VICI VICI Properties Inc Ordinary Shares2.8%
- CMCSA Comcast Corp Class A2.4%
- CVX Chevron Corp2.4%
- OKE ONEOK Inc2.3%
SPYD
- ACN Accenture PLC Class A2.4%
- HAS Hasbro Inc1.7%
- PFE Pfizer Inc1.6%
- CVX Chevron Corp1.6%
- MDT Medtronic PLC1.5%
- SWK Stanley Black & Decker Inc1.5%
- EOG EOG Resources Inc1.5%
- HPQ HP Inc1.5%
- CCI Crown Castle Inc1.5%
- AMT American Tower Corp1.4%
SPHD vs SPYD: questions
Is SPHD or SPYD better?
It depends on the job. SPHD pays more today (4.68% vs 4.11%), SPYD costs less, and SPYD has the better total return over Oct 2015 to Oct 2026, with SPHD holding up better in its worst stretch. For income, look at yield and whether the payouts hold up; for growth, total return and drawdowns.
Which pays a higher dividend, SPHD or SPYD?
SPHD, at 4.68% against 4.11% for SPYD as of Nov 5, 2026. On $10,000 that's about $468 vs $411 a year at today's rates.
Which has the better total return?
SPYD. From Oct 2015 to Oct 2026, it returned 9.5% a year with distributions reinvested, against 8.5% for SPHD. $10,000 became $27,105 vs $24,649.
Which is cheaper, SPHD or SPYD?
SPYD, with a 0.07% expense ratio against 0.30%.
Do SPHD and SPYD hold the same things?
Partly. 3 of their top ten holdings match (PFE, CVX, CCI), at least 5% of each fund. Owning both doubles up on those.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SPYD leads on 6 of 8 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.