BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

PAYRvsSPHDETF Comparison

ETF 1

PAYR

Federated Hermes Enhanced Income ETF

This fund is part of

Options Strategies

+0.52%

Full PAYR fund page

VS

ETF 2

SPHD

Invesco S&P 500® High Dividend Low Volatility ETF

This fund is part of

US Multi-Factor

+0.67%

Full SPHD fund page

Federated Hermes Enhanced Income ETF (PAYR) belongs to the Options Strategies segment. Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is part of the US Multi-Factor segment. PAYR's top 3 sector exposures are Finance, Utilities and Consumer Non-Cyclicals. In contrast, SPHD's top sector exposures are Finance, Consumer Non-Cyclicals and Utilities. PAYR is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.3% for SPHD. PAYR is up 14.77% year-to-date (YTD) with +$61M in YTD flows. SPHD performs worse with 10.48% YTD performance, and +$135M in YTD flows. Run a side-by-side ETF comparison of PAYR and SPHD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

PAYR vs SPHD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/10/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAYR SPHD	-0.19%-1.86%	+3.46%+1.73%	+14.77%+10.48%	n/a+8.57%	n/a+43.24%	n/a+43.92%
Flows	PAYR SPHD	+$14M+$65M	+$34M+$35M	+$61M+$135M	-+$109M	--$364M	-+$13M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAYR SPHD	+12.01%+13.76%	n/a+11.77%	n/a+12.94%	n/a+14.07%
Max drawdown	PAYR SPHD	-3.41%-4.36%	n/a-7.37%	n/a-13.16%	n/a-19.53%
Max drawdown duration	PAYR SPHD	17d18d	n/a115d	n/a409d	n/a756d

Trading data

Create an account to view trading data

Join for free

	PAYR	SPHD
Last sale 9/14/2026 at 1:46 PM	$54.81	$51.54
Previous close 09/11/2026	$55.05	$51.31
Consolidated volume 09/11/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

PAYR

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	PAYR	SPHD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/14/2026 at 1:46 PM

Live

Closed

	PAYR	SPHD
Last price	$54.81	$51.54
1D performance	-0.43%	+0.44%
AuM	$73.99 M	$3.39 B
E/R	0.74%	0.3%

Characteristics

	PAYR	SPHD
Management strategy	Active	Passive
Provider	Federated Investment Management	Invesco
Benchmark	-	S&P 500 Low Volatility High Dividend Index
N° of holdings	50	47
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 7, 2025	October 18, 2012
ESG	No	No

More PAYR data on Trackinsight

More SPHD data on Trackinsight

Exposure

Countries

PAYR

USA

69.78%

Other

30.22%

SPHD

USA

97.23%

Other

2.77%

Sectors

PAYR

Finance

25.21%

Utilities

13.55%

Consumer Non-Cycl.

13.48%

Healthcare

13.39%

Energy

10.46%

Other

23.9%

SPHD

Finance

39.35%

Consumer Non-Cycl.

15.18%

Utilities

14.08%

Energy

12.15%

Other

19.24%

Diversification

PAYR

Total weight of top 15 holdings out of 15

44.53%

SPHD

Total weight of top 15 holdings out of 15

41.97%

Top 15 holdings

Data as of July 31, 2026

PAYR

U.S. Bancorp

3.98%

Paychex, Inc.

3.91%

Verizon Communications, Inc.

3.30%

TotalEnergies SE

3.19%

British American Tobacco plc

3.15%

Enbridge, Inc.

3.13%

Medtronic Plc

2.80%

Kimco Realty Corp.

2.80%

Sanofi

2.79%

Prologis, Inc.

2.74%

The PNC Financial Services Group, Inc.

2.69%

AbbVie, Inc.

2.67%

PepsiCo, Inc.

2.54%

FirstEnergy Corp.

2.44%

Pfizer Inc.

2.40%

SPHD

Healthpeak Properties, Inc.

3.69%

Altria Group, Inc.

3.61%

The Kraft Heinz Co.

3.38%

Verizon Communications, Inc.

3.35%

Franklin Resources, Inc.

2.86%

Pfizer Inc.

2.79%

ONEOK, Inc.

2.77%

Amcor Plc

2.76%

Kimco Realty Corp.

2.58%

Realty Income Corp.

2.52%

VICI Properties, Inc.

2.50%

Kimberly-Clark Corp.

2.35%

T. Rowe Price Group, Inc.

2.31%

BXP, Inc.

2.29%

Prudential Financial, Inc.

2.23%

Frequently asked questions about PAYR and SPHD

How have the PAYR and SPHD ETFs performed in 2026?

As of September 10, 2026, PAYR is up 14.77% year-to-date (YTD), while SPHD has returned 10.48%. That puts PAYR better performer ahead so far this year.

Which ETF is attracting more investor money: PAYR or SPHD?

Year-to-date, the PAYR ETF saw +$61M in flows, compared to +$135M for SPHD.

Which ETF is bigger: PAYR or SPHD?

As of September 10, 2026, PAYR holds $73.99 M in assets under management (AUM), while SPHD manages $3.39 B.

What sectors do the PAYR and SPHD ETFs invest in?

PAYR leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, SPHD focuses on Finance, Consumer Non-Cyclicals and Utilities.

What are the top holdings of the PAYR ETF and SPHD ETF?

PAYR top holdings include U.S. Bancorp, Paychex, Inc. and Verizon Communications, Inc.. SPHD holds in its top three: Healthpeak Properties, Inc., Altria Group, Inc. and The Kraft Heinz Co..

Which ETF is more diversified: PAYR or SPHD?

PAYR holds 50 securities with 44.53% of its assets in the top 15. SPHD has 47 securities and a top 15 weight of 41.97%.

Dividend Growth, High Yield, & Dividend Quality ETFs: What's the Difference?

October 20, 2023

SPHD

PAYRvsSPHDETF Comparison

Federated Hermes Enhanced Income ETF

Invesco S&P 500® High Dividend Low Volatility ETF

PAYR vs SPHD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the PAYR and SPHD ETFs performed in 2026?

As of September 10, 2026, PAYR is up 14.77% year-to-date (YTD), while SPHD has returned 10.48%. That puts PAYR better performer ahead so far this year.

Which ETF is attracting more investor money: PAYR or SPHD?

Year-to-date, the PAYR ETF saw +$61M in flows, compared to +$135M for SPHD.

Which ETF is bigger: PAYR or SPHD?

As of September 10, 2026, PAYR holds $73.99 M in assets under management (AUM), while SPHD manages $3.39 B.

What sectors do the PAYR and SPHD ETFs invest in?

PAYR leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, SPHD focuses on Finance, Consumer Non-Cyclicals and Utilities.

What are the top holdings of the PAYR ETF and SPHD ETF?

PAYR top holdings include U.S. Bancorp, Paychex, Inc. and Verizon Communications, Inc.. SPHD holds in its top three: Healthpeak Properties, Inc., Altria Group, Inc. and The Kraft Heinz Co..

Which ETF is more diversified: PAYR or SPHD?

PAYR holds 50 securities with 44.53% of its assets in the top 15. SPHD has 47 securities and a top 15 weight of 41.97%.

Dividend Growth, High Yield, & Dividend Quality ETFs: What's the Difference?

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up