SPHD vs XLV: Complete Comparison
Invesco S&P 500 High Dividend Low Volatility ETF vs Health Care Select Sector SPDR Fund โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ XLV wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: XLV wins with better expense ratio and number of holdings. Consider XLV for your portfolio, but SPHD is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
6 shared holdings representing 11.9% portfolio overlap
Top Shared Holdings
| # | Stock | SPHD Weight | XLV Weight | Overlap |
|---|---|---|---|---|
| 1 | PFE PFE | 3.08% | 2.64% | 2.64% |
| 2 | MRK MRK | 2.20% | 4.44% | 2.20% |
| 3 | BMY BMY | 2.32% | 1.89% | 1.89% |
| 4 | ABBV ABBV | 1.81% | 7.23% | 1.81% |
| 5 | JNJ JNJ | 1.76% | 8.84% | 1.76% |
| 6 | AMGN AMGN | 1.61% | 3.10% | 1.61% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in SPHD
Unique to SPHD
| Symbol | Name | Weight |
|---|---|---|
| MO | MO | 3.02% |
| DOC | DOC | 2.88% |
| UPS | UPS | 2.69% |
| CAG | CAG | 2.66% |
| VZ | VZ | 2.58% |
Top Holdings Only in XLV
Unique to XLV
| Symbol | Name | Weight |
|---|---|---|
| LLY | LLY | 14.33% |
| UNH | UNH | 5.38% |
| TMO | TMO | 3.90% |
| ABT | ABT | 3.87% |
| ISRG | ISRG | 3.67% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.
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