Computed head-to-head · 6 dimensions
SPHD vs SPYD
Invesco S&P 500 High Dividend Low Volatility ETF versus SPDR Portfolio S&P 500 High Dividend ETF — yield, safety, growth trend, cost, scale, and tax treatment.
SPYD wins 2–0 on our six-dimension comparison, but SPHD can still be the better fit depending on your priorities — see each dimension below.
Scorecard at a glance
| Dimension | SPHD | SPYD | Winner |
|---|---|---|---|
| Yield | 4.31% | 4.26% | Tie |
| Dividend safety | 6.8/10 | 6.8/10 | Tie |
| Growth trend | — | — | Tie |
| Expense ratio | 30.00% | 7.00% | SPYD wins |
| Scale | $3.3B | $7.4B | SPYD wins |
| Tax efficiency | Qualified-eligible | Qualified-eligible | Tie |
| Overall | 0 wins | 2 wins | SPYD wins |
Dimension by dimension
SPHD and SPYD have nearly identical yields (4.31% vs 4.26%)
Yields are within 5 basis points — effectively a coin-flip on income.
Safety scores are too close to call (6.8/10 vs 6.8/10)
Both score within 0.3 points on our 0-10 dividend safety scale — comparable risk profiles on the signals we measure.
Yield-trend comparison unavailable
One or both tickers are missing 5-year average yield data.
SPYD is cheaper (7.00% vs 30.00%)
On a $10,000 position the lower expense ratio saves about $2300/year — small annually but compounds significantly over 20+ years.
On $10,000 invested, SPYD's lower expense ratio saves roughly $23/year in fees versus SPHD. Over 20 years that compounds to a meaningful drag — expense ratios are one of the few costs investors fully control.
SPYD is 2.2× larger by AUM
Larger funds tend to have tighter spreads, deeper liquidity, and lower closure risk.
Both pay qualified-dividend-eligible distributions
Neither is structurally flagged for ordinary-income tax treatment. Most distributions should qualify for the lower long-term capital gains rate if holding-period requirements are met.
How we compare these
Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.
This is educational, not investment advice.Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.
Frequently asked
Which is better for income, SPHD or SPYD?
SPYD wins 2–0 on our six-dimension comparison, but SPHD can still be the better fit depending on your priorities — see each dimension below.
SPHD vs SPYD: which has a higher dividend yield?
SPHD yields 4.31% and SPYD yields 4.26%. Yields are within 5 basis points — effectively a coin-flip on income.
Is SPHD or SPYD a safer dividend in 2026?
SPHD scores 6.8/10 (Solid) on the Infnits dividend safety scale. SPYD scores 6.8/10 (Solid). Both have comparable safety scores.
Which has better dividend growth, SPHD or SPYD?
One or both tickers are missing 5-year average yield data.
SPHD vs SPYD: which is more tax-efficient?
Neither is structurally flagged for ordinary-income tax treatment. Most distributions should qualify for the lower long-term capital gains rate if holding-period requirements are met.
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