SPHD vs SPLV: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
How similar are SPHD and SPLV?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100. They have 19 holdings in common, and by portfolio weight the two funds are 19.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 19SPHD holds 49 · SPLV holds 100
- Weight in Shared Holdings
- SPHD 38%·SPLV 20%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SPHD
30 of 49 positions (61.5% of the fund) are not held by SPLV.
Sector Breakdown
| Sector | SPHD | SPLV |
|---|---|---|
| Utilities | 13.8% | 25.0% |
| Real Estate | 21.2% | 17.7% |
| Financials | 16.0% | 21.0% |
| Consumer Staples | 18.1% | 9.4% |
| Industrials | 1.4% | 12.2% |
| Other Sectors | 28.8% | 14.3% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
| SPLV | -0.7% | +8.1% | +6.1% | +9.1% | +6.0% | +8.3% | 2.12% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SPHD vs SPLV →
Shared Holdings(19)
The top 10 shared positions account for 60% of the overlap, led by FE, DUK and DTE.
 FEFirstEnergy Corp. | 1.64% | 1.34% | 1.34% |
|---|---|---|---|
 DUKDuke Energy Corp. | 1.58% | 1.25% | 1.25% |
 DTEDTE Energy Co. | 1.53% | 1.22% | 1.22% |
 EVRGEvergy, Inc. | 1.69% | 1.22% | 1.22% |
 ORealty Income Corp. | 2.42% | 1.19% | 1.19% |
 PNWPinnacle West Capital Corp. | 1.84% | 1.19% | 1.19% |
 VICIVICI Properties Inc. | 2.66% | 1.18% | 1.18% |
 DDominion Energy, Inc. | 2.13% | 1.13% | 1.13% |
 EXCExelon Corp. | 1.59% | 1.06% | 1.06% |
 KIMKimco Realty Corp. | 2.44% | 1.03% | 1.03% |
 UDRUDR, Inc. | 1.95% | 0.95% | 0.95% |
 KMIKinder Morgan, Inc. | 1.96% | 0.94% | 0.94% |
 CVXChevron Corp. | 2.09% | 0.88% | 0.88% |
 PFGPrincipal Financial Group, Inc. | 1.69% | 0.88% | 0.88% |
 MOAltria Group, Inc. | 3.43% | 0.86% | 0.86% |
 TAT&T Inc. | 2.01% | 0.85% | 0.85% |
 USBU.S. Bancorp | 1.61% | 0.85% | 0.85% |
 PSAPublic Storage | 2.07% | 0.85% | 0.85% |
 WMBWilliams Cos., Inc. (The) | 1.60% | 0.83% | 0.83% |
Frequently Asked Questions
How much do SPHD and SPLV overlap?
SPHD and SPLV overlap by 19.7% of portfolio weight. They share 19 holdings (SPHD holds 49 positions and SPLV holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and SPLV?
The two portfolios are 19.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SPHD and SPLV?
The largest positions held by both funds are FE, DUK, DTE, EVRG and O. Together the top 10 shared positions account for 60% of the total overlap.
What does SPHD own that SPLV doesn't?
30 positions (61.5% of SPHD) are unique to SPHD, led by VZ, DOC and KHC. In the other direction, 81 positions (80.0% of SPLV) are unique to SPLV.