ETF Guide
What Is SPHD?
How the Invesco S&P 500 High Dividend Low Volatility ETF selects stocks and pays income.
Data updated August 2026 · 9 ETFs
Who this page is for
Best for
- SPHD holders comparing similar funds, fees, payouts, and strategy design
- Income investors seeking a rules-based blend of high dividends and lower volatility
- Investors who will compare total return and NAV trend alongside distribution rate
Not a fit for
- Investors expecting a low-volatility screen to prevent losses or guarantee distributions
- Anyone treating a current distribution rate as guaranteed future income
- Investors choosing from headline yield alone without reviewing the underlying exposure
Analysis
SPHD is the Invesco S&P 500 High Dividend Low Volatility ETF. It tracks an index designed to hold 50 S&P 500 stocks selected first for high dividend yield and then for lower realized volatility, and it distributes income monthly. That two-step process can produce concentrated sector weights and a portfolio that differs materially from the S&P 500. SCHD, VYM, HDV, FDVV, and SPYD are useful high-dividend comparisons, while DGRO, VIG, and NOBL emphasize dividend growth. Investors should review the index rules, sector exposure, dividend durability, valuation, fees, and total return rather than assuming the words “low volatility” mean low risk.
See this list inside your portfolio
A ranked list is a starting point. Dividend Vision turns it into a plan — forecasting the income your holdings actually generate and putting each fund's yield next to its total return and risk.
- Income forecasting — know what your holdings pay monthly, quarterly, and yearly
- Yield vs. total return — weigh each distribution against price performance, not the headline rate
- Screen & compare — line up any income ETFs side by side on yield, cost, and strategy
- Portfolio risk — see income concentration, issuer overlap, and volatility across your holdings
- AI ETF comparison — ask plain-language questions to compare yield, risk, and income potential
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Top picks
SPHD and the largest high-dividend comparison funds by assets.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 2.75% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $275 | $23 | $5 |
| $25,000 | $688 | $57 | $13 |
| $50,000 | $1,377 | $115 | $26 |
| $100,000 | $2,753 | $229 | $53 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
All 9 ETFs
| Ticker | Name | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|
| VIG | Vanguard Dividend Appreciation Index Fund ETF Shares | Vanguard | 1.67% | 0.06% | $111.7B | Quarterly |
| SCHD | Schwab U.S. Dividend Equity ETF | Schwab | 3.02% | 0.06% | $103.7B | Quarterly |
| VYM | Vanguard High Dividend Yield Index Fund ETF Shares | Vanguard | 2.42% | 0.06% | $81.5B | Quarterly |
| DGRO | iShares Core Dividend Growth ETF | iShares | 1.70% | 0.08% | $42.9B | Quarterly |
| HDV | iShares Core High Dividend ETF | iShares | 1.21% | 0.08% | $14.8B | Quarterly |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | ProShares | 2.13% | 0.35% | $11.7B | Quarterly |
| FDVV | Fidelity High Dividend ETF | Fidelity Investments | 3.32% | 0.15% | $10.2B | Quarterly |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | State Street | 4.39% | 0.07% | $8.7B | Quarterly |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | Invesco | 4.92% | 0.30% | $4.0B | Monthly |
Frequently asked questions
What is SPHD?
SPHD is an Invesco ETF that tracks 50 high-yielding, lower-volatility stocks selected from the S&P 500 and distributes income monthly.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated August 2026.
What is the average yield of these ETFs?
The average distribution yield across the 9 ETFs on this list is 2.75%. Individual yields range from 1.21% to 4.92%.
Does SPHD guarantee low volatility?
No. The index uses historical volatility as a selection screen, but SPHD can still lose value and its sector weights can shift.
How does SPHD differ from SCHD?
SPHD combines high-yield and low-volatility screens; SCHD uses dividend history, yield, and company quality measures.
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Learn the method
The metrics and risks behind this list, explained in the Academy.
From the blog
Put this list to work in your portfolio
Import or build a portfolio to see income forecasts, upcoming distributions, income concentration, and risk across everything you own — and where a fund's yield and total return diverge.
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