SPVU vs VYM
SPVU vs VYM
Invesco S&P 500 Enhanced Value 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 558 holdings.
Side-by-Side Comparison
| Metric | SPVU | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.13% | 0.04% | |
| AUM | $111M | $79.0B | |
| Dividend Yield | 2.46% | 2.86% | |
| Holdings | 101 | 568 | |
| YTD Return | +6.64% | +15.80% | |
| 1Y Return | +20.22% | +26.12% | |
| 3Y Return (annualized) | +15.36% | +18.25% | |
| 5Y Return (annualized) | +12.97% | +12.51% | |
| Volatility (annualized) | 20.1% | 14.6% | |
| Max Drawdown | -51.7% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 9, 2015 | Nov 10, 2006 |
SPVU vs VYM Performance
Invesco S&P 500 Enhanced Value ETF (SPVU) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year SPVU returned +20.22% while VYM returned +26.12%. Year to date, SPVU is up 6.64% versus a gain of 15.80% for VYM.
Over three years, SPVU compounded at +15.36% per year against +18.25% for VYM; over five years the annualized figures are +12.97% and +12.51% respectively. Across the full 10-year window we track, SPVU has the edge at +11.48% annualized vs +7.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPVU has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 14.6% 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 -51.7% for SPVU 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
SPVU charges 0.13% per year while VYM charges 0.04%. On a $10,000 position that is $13 vs $4 annually, a gap of $9 per year that compounds over a long holding period. On income, SPVU currently yields 2.46% against 2.86% for VYM.
Holdings Overlap
SPVU and VYM share 71 holdings out of 587 unique holdings combined, representing a 21.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in SPVU | Weight in VYM | Difference |
|---|---|---|---|
| XOM | 4.87% | 2.83% | 2.04% |
| UNH | 5.59% | 1.17% | 4.42% |
| BAC | 5.25% | 1.39% | 3.86% |
| CVX | Pro | Pro | Pro |
| WFC | Pro | Pro | Pro |
| C | Pro | Pro | Pro |
| VZ | Pro | Pro | Pro |
| CVS | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| COP | Pro | Pro | Pro |
See all 10 holdings SPVU shares with VYM Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, SPVU or VYM?
SPVU has an expense ratio of 0.13% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SPVU or VYM?
Over the past year SPVU returned +20.22% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (10 years), SPVU annualized +11.48% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, SPVU or VYM?
SPVU has been the more volatile fund at 20.1% annualized versus 14.6% for VYM. Worst drawdown: SPVU -51.7% vs VYM -58.8%.
Should I hold both SPVU and VYM?
SPVU and VYM have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between SPVU and VYM?
SPVU and VYM share 71 common holdings with a 21.0% weight overlap. Combined, they hold 587 unique securities.
Which pays a higher dividend, SPVU or VYM?
SPVU yields 2.46% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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