Invesco S&P 500 High Dividend Low Volatility ETF
Best for conservative income investors who want a monthly dividend from real stock dividends — no options overlay — with a low-volatility screen.
SPHD selects 50 S&P 500 stocks by first ranking the highest dividend yielders, then keeping those with the lowest trailing volatility, and finally weighting the survivors by yield. The result is a defensive, value-tilted portfolio heavy in utilities, consumer staples, and real estate. Unlike covered-call funds such as JEPI or QYLD, every dollar of SPHD's monthly distribution comes from actual company dividends — mostly qualified for tax purposes — so there is no cap on upside participation. The trade-off is a portfolio that can lag badly when technology leads the market.
| Company | Weight |
|---|---|
| Altria Group | 3.2% |
| Verizon Communications | 3.0% |
| AT&T Inc | 2.9% |
| Crown Castle | 2.8% |
| Philip Morris Intl | 2.7% |
| Kinder Morgan | 2.6% |
| Bristol Myers Squibb | 2.5% |
| Dominion Energy | 2.4% |
| Pfizer Inc | 2.4% |
| VICI Properties | 2.3% |
Holdings rebalance semi-annually; weights are approximate as of the last review. Confirm current holdings with Invesco before acting.
| Year | Annual Dividend | Growth |
|---|---|---|
| 2025 | $2.10 | +4.0% |
| 2024 | $2.02 | +3.1% |
| 2023 | $1.96 | +3.2% |
| 2022 | $1.90 | -- |
Approximate calendar-year totals of monthly distributions. Confirm exact amounts with Invesco.