SPHD vs SPYD: Dividend Yield, Total Return & Fees Compared
Invesco S&P 500 High Dividend Low Volatility ETFState Street SPDR Portfolio S&P 500 High Dividend ETF
Data as of the close · refreshed automatically every trading day
Performance: SPHD vs SPYD
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026
DividendDuel.comSPHD vs SPYD at a glance
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) are compared below using data through the November 9, 2026 close, refreshed after every trading day.
Over the past year, SPYD returned +22.34% with dividends reinvested, compared with +15.99% for SPHD. SPHD currently yields 4.71% (trailing 12-month) against 4.12% for SPYD. Across five years the total-return gap is +51.36% for SPYD vs +48.95% for SPHD.
The higher-yielding fund (SPHD) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.
| Metric | SPHD | SPYD |
|---|---|---|
| Last close | $52.74 | $50.00 |
| Dividend yield | 4.71% (TTM) | 4.12% (TTM) |
| Expense ratio | — | — |
| Pays | monthly | quarterly |
| Dividends, last 12 months | $2.49 (12 payments) | $2.06 (4 payments) |
| Issuer | Invesco | State Street |
| Inception | — | — |
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Dividends
Latest payout, trailing 12-month total and the last 12 distributions.
Downside and distribution variability
Income and ending returns do not describe the whole investment experience.
Across 1,265 shared trading dates from October 26, 2021 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -19.51% for SPHD and -22.20% for SPYD. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.
SPHD's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.1948 to $0.2196 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
SPYD's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.450 to $0.5493 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.
Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.
Recent distributions
The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.
| SPHD | SPYD | ||
|---|---|---|---|
| Oct 19, 2026 | $0.2014 | Sep 21, 2026 | $0.5178 |
| Sep 21, 2026 | $0.2016 | Jun 22, 2026 | $0.5428 |
| Aug 24, 2026 | $0.2196 | Mar 23, 2026 | $0.450 |
| Jul 20, 2026 | $0.2147 | Dec 22, 2025 | $0.5493 |
| Jun 22, 2026 | $0.2106 | Sep 22, 2025 | $0.4888 |
| May 18, 2026 | $0.2094 | Jun 23, 2025 | $0.500 |
| Apr 20, 2026 | $0.2084 | Mar 24, 2025 | $0.4189 |
| Mar 23, 2026 | $0.2069 | Dec 20, 2024 | $0.5468 |
| Feb 23, 2026 | $0.2094 | Sep 20, 2024 | $0.4571 |
| Jan 20, 2026 | $0.2027 | Jun 21, 2024 | $0.4869 |
| Dec 22, 2025 | $0.2059 | Mar 15, 2024 | $0.3729 |
| Nov 24, 2025 | $0.1948 | Dec 15, 2023 | $0.534 |
SPHD vs SPYD: common questions
Which pays a higher dividend, SPHD or SPYD?
As of November 9, 2026, SPHD yields 4.71% (trailing 12-month) and SPYD yields 4.12% (trailing 12-month), so SPHD currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, SPHD or SPYD?
Over the past year with dividends reinvested, SPHD returned +15.99% and SPYD returned +22.34%. Over five years, SPHD returned +48.95% and SPYD returned +51.36%. Past performance does not predict future results.
What would $10,000 in SPHD vs SPYD be worth after one year?
With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $11,599 in SPHD and $12,234 in SPYD.
How often do SPHD and SPYD pay dividends?
SPHD pays monthly (12 payments in the last 12 months) and SPYD pays quarterly (4 payments).
Is SPHD or SPYD the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Research SPHD and SPYD beyond the yield
Compare payment history with total return and fees. Check whether a larger current yield comes with different drawdowns or less consistent distributions; a dividend-growth label does not promise future increases.
Review Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) payment history and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.
For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.
Related comparisons
More side-by-side comparisons with SPHD and SPYD.
Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.