SPHD vs VYM: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
VYMVanguard High Dividend Yield Index Fund
Vanguard · 608 holdings · $83.4B · as of 2026-04-30
Holdings snapshots are 31 days apart (SPHD: 2026-05-31, VYM: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are SPHD and VYM?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; Vanguard High Dividend Yield Index Fund (VYM, by Vanguard) holds 608. They have 40 holdings in common, and by portfolio weight the two funds are 11.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 40SPHD holds 49 · VYM holds 608
- Weight in Shared Holdings
- SPHD 78%·VYM 13%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
9 of 49 positions (21.2% of the fund) are not held by VYM.
Sector Breakdown
| Sector | SPHD | VYM |
|---|---|---|
| Real Estate | 21.2% | 0.0% |
| Financials | 16.0% | 20.6% |
| Consumer Staples | 18.1% | 8.1% |
| Information Technology | 0.0% | 16.7% |
| Utilities | 13.8% | 5.8% |
| Other Sectors | 30.2% | 48.3% |
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% |
| VYM | +3.1% | +16.8% | +26.1% | +18.1% | +12.5% | +11.9% | 2.19% |
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 VYM →
Shared Holdings(40)
The top 10 shared positions account for 66% of the overlap, led by XOM, CVX and VZ.
 XOMExxon Mobil Corp. COM | 1.54% | 2.72% | 1.54% |
|---|---|---|---|
 CVXChevron Corp. COM | 2.09% | 1.51% | 1.51% |
 VZVerizon Communications Inc. COM | 3.47% | 0.84% | 0.84% |
 TAT&T Inc COM | 2.01% | 0.75% | 0.75% |
 PFEPfizer Inc. COM | 2.98% | 0.63% | 0.63% |
 BMYBristol-Myers Squibb Company COM | 2.06% | 0.51% | 0.51% |
 MOAltria Group, Inc. COM | 3.43% | 0.51% | 0.51% |
 DUKDuke Energy Corp COM NEW | 1.58% | 0.42% | 0.42% |
 CMCSAComcast Corporation CL A | 1.60% | 0.41% | 0.41% |
 WMBWilliams Companies Inc. (The) COM | 1.60% | 0.39% | 0.39% |
 USBU.S. Bancorp. COM NEW | 1.61% | 0.37% | 0.37% |
 EOGEOG Resources Inc. COM | 1.98% | 0.32% | 0.32% |
 TFCTruist Financial Corp. COM | 1.74% | 0.27% | 0.27% |
 KMIKinder Morgan, Inc. COM | 1.96% | 0.27% | 0.27% |
 OKEOneok Inc. COM | 2.64% | 0.24% | 0.24% |
 DDominion Energy Inc COM | 2.13% | 0.23% | 0.23% |
 EXCExelon Corp. COM | 1.59% | 0.19% | 0.19% |
 FITBFifth Third Bancorp COM | 1.32% | 0.19% | 0.19% |
 PRUPrudential Financial, Inc. COM | 1.87% | 0.14% | 0.14% |
 HBANHuntington Bancshares Incorporated COM | 1.33% | 0.14% | 0.14% |
 KMBKimberly-Clark Corporation COM | 2.08% | 0.14% | 0.14% |
 DTEDTE Energy Co. COM | 1.53% | 0.13% | 0.13% |
 PAYXPaychex Inc COM | 1.45% | 0.12% | 0.12% |
 ESEversource Energy COM | 1.82% | 0.11% | 0.11% |
 FEFirstEnergy Corp. COM | 1.64% | 0.11% | 0.11% |
Frequently Asked Questions
How much do SPHD and VYM overlap?
SPHD and VYM overlap by 11.4% of portfolio weight. They share 40 holdings (SPHD holds 49 positions and VYM holds 608), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and VYM?
The two portfolios are 11.4% 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 VYM?
The largest positions held by both funds are XOM, CVX, VZ, T and PFE. Together the top 10 shared positions account for 66% of the total overlap.
What does SPHD own that VYM doesn't?
9 positions (21.2% of SPHD) are unique to SPHD, led by DOC, VICI and KIM. In the other direction, 568 positions (86.9% of VYM) are unique to VYM.