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PAYRvsSPHDETF Comparison

ETF 1

PAYR

Federated Hermes Enhanced Income ETF

This fund is part of

Options Strategies

+0.04%

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

+0.14%

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, Healthcare and Utilities. 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 15.67% year-to-date (YTD) with +$43M in YTD flows. SPHD performs worse with 13.39% YTD performance, and +$29M 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.

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PAYR vs SPHD performance and flow charts

Performance

Cumulative Flows

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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 07/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAYR SPHD	+4.87%+2.77%	+6.51%+8.74%	+15.67%+13.39%	n/a+14.81%	n/a+41.71%	n/a+47.23%
Flows	PAYR SPHD	+$15M-$42M	+$18M-$78M	+$43M+$29M	--$11M	--$569M	--$115M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAYR SPHD	+13.17%+14.29%	n/a+11.75%	n/a+12.87%	n/a+14.04%
Max drawdown	PAYR SPHD	-3.41%-3.21%	n/a-7.37%	n/a-13.16%	n/a-19.53%
Max drawdown duration	PAYR SPHD	17d11d	n/a115d	n/a409d	n/a756d

Trading data

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	PAYR	SPHD
Last sale 7/28/2026 at 1:30 PM	$56.90	$53.55
Previous close 07/27/2026	$56.05	$52.88
Consolidated volume 07/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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PAYR

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 7/28/2026 at 1:30 PM

Live

Closed

	PAYR	SPHD
Last price	$56.90	$53.55
1D performance	+1.52%	+1.27%
AuM	$56.72 M	$3.40 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	48	48
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

67.49%

Other

32.51%

SPHD

USA

97.38%

Other

2.62%

Sectors

PAYR

Finance

24.98%

Healthcare

14.45%

Utilities

14.43%

Consumer Non-Cycl.

13.52%

Energy

10.71%

Other

21.92%

SPHD

Finance

38.69%

Consumer Non-Cycl.

17.03%

Utilities

14.4%

Energy

11.84%

Other

18.04%

Diversification

PAYR

Total weight of top 15 holdings out of 15

44.36%

SPHD

Total weight of top 15 holdings out of 15

41.09%

Top 15 holdings

Data as of June 30, 2026

PAYR

U.S. Bancorp

3.96%

AbbVie, Inc.

3.45%

Paychex, Inc.

3.42%

Enbridge, Inc.

3.24%

British American Tobacco plc

3.11%

Kimco Realty Corp.

3.09%

TotalEnergies SE

2.93%

Sanofi

2.86%

Verizon Communications, Inc.

2.79%

TC Energy Corp.

2.78%

The PNC Financial Services Group, Inc.

2.76%

Prologis, Inc.

2.66%

Pfizer Inc.

2.50%

FirstEnergy Corp.

2.49%

WEC Energy Group, Inc.

2.32%

SPHD

Altria Group, Inc.

3.58%

Healthpeak Properties, Inc.

3.57%

Verizon Communications, Inc.

3.32%

The Kraft Heinz Co.

2.93%

Franklin Resources, Inc.

2.92%

ONEOK, Inc.

2.77%

Pfizer Inc.

2.72%

Amcor Plc

2.61%

Kimco Realty Corp.

2.59%

VICI Properties, Inc.

2.52%

Realty Income Corp.

2.45%

Conagra Brands, Inc.

2.41%

Kimberly-Clark Corp.

2.29%

Hormel Foods Corp.

2.23%

Public Storage

2.18%

Frequently asked questions about PAYR and SPHD

How have the PAYR and SPHD ETFs performed in 2026?

As of July 24, 2026, PAYR is up 15.67% year-to-date (YTD), while SPHD has returned 13.39%. 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 +$43M in flows, compared to +$29M for SPHD.

Which ETF is bigger: PAYR or SPHD?

As of July 24, 2026, PAYR holds $56.72 M in assets under management (AUM), while SPHD manages $3.40 B.

What sectors do the PAYR and SPHD ETFs invest in?

PAYR leans toward sectors like Finance, Healthcare and Utilities. 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, AbbVie, Inc. and Paychex, Inc.. SPHD holds in its top three: Altria Group, Inc., Healthpeak Properties, Inc. and Verizon Communications, Inc..

Which ETF is more diversified: PAYR or SPHD?

PAYR holds 50 securities with 44.36% of its assets in the top 15. SPHD has 48 securities and a top 15 weight of 41.09%.

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 July 24, 2026, PAYR is up 15.67% year-to-date (YTD), while SPHD has returned 13.39%. 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 +$43M in flows, compared to +$29M for SPHD.

Which ETF is bigger: PAYR or SPHD?

As of July 24, 2026, PAYR holds $56.72 M in assets under management (AUM), while SPHD manages $3.40 B.

What sectors do the PAYR and SPHD ETFs invest in?

PAYR leans toward sectors like Finance, Healthcare and Utilities. 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, AbbVie, Inc. and Paychex, Inc.. SPHD holds in its top three: Altria Group, Inc., Healthpeak Properties, Inc. and Verizon Communications, Inc..

Which ETF is more diversified: PAYR or SPHD?

PAYR holds 50 securities with 44.36% of its assets in the top 15. SPHD has 48 securities and a top 15 weight of 41.09%.

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

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