SPHQ vs VYM
Invesco S&P 500 Quality ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | SPHQ | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $19.0B | $81.6B | |
| Dividend Yield | 1.10% | 2.24% | |
| Holdings | 102 | 613 | |
| YTD Return | +13.10% | +14.87% | |
| 1Y Return | +19.48% | +21.39% | |
| 3Y Return (annualized) | +18.84% | +18.69% | |
| 5Y Return (annualized) | +12.27% | +11.98% | |
| Volatility (annualized) | 15.4% | 14.5% | |
| Max Drawdown | -57.8% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2005 | Nov 10, 2006 |
SPHQ vs VYM Performance
Invesco S&P 500 Quality ETF (SPHQ) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPHQ returned +19.48% while VYM returned +21.39%. Year to date, SPHQ is up 13.10% versus a gain of 14.87% for VYM.
Over three years, SPHQ compounded at +18.84% per year against +18.69% for VYM; over five years the annualized figures are +12.27% and +11.98% respectively. Across the full 20-year window we track, SPHQ has the edge at +8.89% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPHQ has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.5% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.8% for SPHQ and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SPHQ charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, SPHQ currently yields 1.10% against 2.24% for VYM.
Holdings Overlap
SPHQ and VYM share 40 holdings out of 664 unique holdings combined, representing a 11.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPHQ or VYM?
SPHQ has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, SPHQ or VYM?
Over the past year SPHQ returned +19.48% vs +21.39% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), SPHQ annualized +8.89% vs +7.00% for VYM. Past performance does not guarantee future results.
Which is riskier, SPHQ or VYM?
SPHQ has been the more volatile fund at 15.4% annualized versus 14.5% for VYM. Worst drawdown: SPHQ -57.8% vs VYM -58.8%.
Should I hold both SPHQ and VYM?
SPHQ and VYM have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPHQ and VYM?
SPHQ and VYM share 40 common holdings with a 11.8% weight overlap. Combined, they hold 664 unique securities.
Which pays a higher dividend, SPHQ or VYM?
SPHQ yields 1.10% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.