SPHD vs VPU: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
VPUVanguard Utilities Index Fund
Vanguard · 66 holdings · $8.5B · as of 2026-05-31
How similar are SPHD and VPU?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; Vanguard Utilities Index Fund (VPU, by Vanguard) holds 66. They have 8 holdings in common, and by portfolio weight the two funds are 12.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8SPHD holds 49 · VPU holds 66
- Weight in Shared Holdings
- SPHD 14%·VPU 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
41 of 49 positions (85.6% of the fund) are not held by VPU. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | VPU |
|---|---|---|
| Utilities | 13.8% | 99.6% |
| Real Estate | 21.2% | 0.0% |
| Consumer Staples | 18.1% | 0.0% |
| Financials | 16.0% | 0.0% |
| Energy | 11.8% | 0.0% |
| Other Sectors | 18.4% | 0.0% |
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% |
| VPU | -4.3% | +3.4% | +3.8% | +14.2% | +8.4% | +8.8% | 2.74% |
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 VPU →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by D, ES and FE.
 DDominion Energy Inc COM | 2.13% | 3.76% | 2.13% |
|---|---|---|---|
 ESEversource Energy COM | 1.82% | 1.69% | 1.69% |
 FEFirstEnergy Corp. COM | 1.64% | 1.68% | 1.64% |
 EXCExelon Corp. COM | 1.59% | 3.03% | 1.59% |
 DUKDuke Energy Corp COM NEW | 1.58% | 6.28% | 1.58% |
 DTEDTE Energy Co. COM | 1.53% | 1.95% | 1.53% |
 EVRGEvergy Inc COM | 1.69% | 1.24% | 1.24% |
 PNWPinnacle West Capital Corp. COM | 1.84% | 0.79% | 0.79% |
Frequently Asked Questions
How much do SPHD and VPU overlap?
SPHD and VPU overlap by 12.2% of portfolio weight. They share 8 holdings (SPHD holds 49 positions and VPU holds 66), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and VPU?
The two portfolios are 12.2% 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 VPU?
The largest positions held by both funds are D, ES, FE, EXC and DUK. Together the top 8 shared positions account for 100% of the total overlap.
What does SPHD own that VPU doesn't?
41 positions (85.6% of SPHD) are unique to SPHD, led by VZ, MO and DOC. In the other direction, 58 positions (79.1% of VPU) are unique to VPU.