Compare/Updated Oct 26, 2026, refreshed every trading day
SPHD vs SCHD
Invesco S&P 500 High Dividend Low Volatility ETF against Schwab U.S. Dividend Equity ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SCHD did better over the period: $1,000 invested on October 28, 2022 grew to $1,649, versus $1,420 for SPHD, producing a 64.9% return compared with 42.0%. SCHD also led across the shorter periods shown, including one year (+35.2% versus +10.7%) and YTD (+31.8% versus +11.9%). The advantage matters because SCHD delivered substantially more growth while also showing slightly lower 12-month volatility, 11.3% versus 12.2%, and a nearly identical worst drawdown, -16.1% versus -16.2%. SPHD’s main advantages are its higher correlation-adjusted income-oriented profile and lower recent sensitivity, moving 0.89% per 1% move in SCHD, but its 0.30% expense ratio is much higher than SCHD’s 0.06%. SCHD won 28 of the last 48 months, compared with 20 for SPHD.
- Price is above its 200-day average ($50); 50-day at $50.
- RSI 65, neutral. Supertrend says buy. ADX 32, so the trend is strong.
- Price is above its 200-day average ($32); 50-day at $34.
- RSI 73, overbought. Supertrend says buy. ADX 33, so the trend is strong.
Head to head
Which has returned more, SPHD or SCHD?
SPHD beat SCHD in 20 of the last 48 months; SCHD won the other 28. The typical monthly gap was 1.30 points.
Total return by period
Which is riskier?
SPHD: Feb 2, 2023 to Oct 27, 2023; SCHD: Nov 29, 2024 to Apr 8, 2025
- 0.882
- correlation of daily moves, 4 years
- 0.89
- SPHD move per 1% in SCHD
- 0.818
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.30 points.
When did they diverge?
| Month | SPHD | SCHD | Gap |
|---|---|---|---|
| June 2026 | +2.8% | -1.6% | +4.44 pts |
| August 2026 | +0.6% | +4.3% | -3.69 pts |
| January 2026 | +5.2% | +8.7% | -3.51 pts |
| April 2026 | +2.0% | +4.5% | -2.50 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with SPHD and SCHD?
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