PAYRvsSPYDETF Comparison
VS
ETF 2
SPYD
State Street SPDR Portfolio S&P 500 High Dividend ETF
This fund is part of
US High Dividend
+0.46%
Federated Hermes Enhanced Income ETF (PAYR) belongs to the Options Strategies segment. State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is part of the US High Dividend segment. PAYR's top 3 sector exposures are Finance, Utilities and Consumer Non-Cyclicals. In contrast, SPYD'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 0.07% for SPYD. PAYR is up 14.77% year-to-date (YTD) with +$61M in YTD flows. SPYD performs worse with 14.56% YTD performance, and -$575M in YTD flows. Run a side-by-side ETF comparison of PAYR and SPYD 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 SPYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAYR SPYD | -0.19%-2.72% | +3.46%+0.88% | +14.77%+14.56% | n/a+12.86% | n/a+51.48% | n/a+51.09% |
| Flows | PAYR SPYD | +$14M+$27M | +$34M+$106M | +$61M-$575M | --$573M | --$759M | -+$1.58B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAYR SPYD | +12.01%+12.92% | n/a+11.79% | n/a+14.38% | n/a+16.00% |
| Max drawdown | PAYR SPYD | -3.41%-4.80% | n/a-7.09% | n/a-16.16% | n/a-22.18% |
| Max drawdown duration | PAYR SPYD | 17d18d | n/a94d | n/a411d | n/a812d |
Trading data
PAYR | SPYD | |
Last sale 9/11/2026 at 1:30 PM | $55.05 | $48.49 |
| Previous close 09/10/2026 | $54.91 | $48.26 |
| Consolidated volume 09/10/2026 | ||
| 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
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PAYR
is actively managed and doesn’t replicate an indexPAYR | SPYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
PAYR | SPYD | |
|---|---|---|
| Last price | $55.05 | $48.49 |
| 1D performance | +0.25% | +0.48% |
| AuM | $73.99 M | $7.52 B |
| E/R | 0.74% | 0.07% |
Characteristics
PAYR | SPYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Federated Investment Management | State Street Investment Management |
| Benchmark | - | S&P 500 High Dividend Index |
| N° of holdings | 50 | 80 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 7, 2025 | October 21, 2015 |
| ESG | No | No |
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Exposure
Countries
PAYR
USA
69.78%
Other
30.22%
SPYD
USA
92.75%
Other
7.25%
Sectors
PAYR
Finance
25.21%
Utilities
13.55%
Consumer Non-Cycl.
13.48%
Healthcare
13.39%
Energy
10.46%
Other
23.9%
SPYD
Finance
38.44%
Consumer Non-Cycl.
14.79%
Utilities
10.7%
Non-Energy Materi.
7.5%
Other
28.57%
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Diversification
PAYR
Total weight of top 15 holdings out of 15
44.53%
SPYD
Total weight of top 15 holdings out of 15
19.79%
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%
SPYD
Accenture Plc
1.46%
Fidelity National Information Services, Inc.
1.36%
HP, Inc.
1.34%
Bristol Myers Squibb Co.
1.33%
International Paper Co.
1.32%
Ares Management Corp.
1.32%
Stanley Black & Decker, Inc.
1.31%
Verizon Communications, Inc.
1.30%
Paychex, Inc.
1.30%
Hasbro, Inc.
1.30%
Target Corp.
1.29%
Franklin Resources, Inc.
1.29%
American Tower Corp.
1.29%
Honeywell Technologies, Inc.
1.29%
Medtronic Plc
1.29%
Frequently asked questions about PAYR and SPYD
How have the PAYR and SPYD ETFs performed in 2026?
As of September 10, 2026, PAYR is up 14.77% year-to-date (YTD), while SPYD has returned 14.56%. That puts PAYR better performer ahead so far this year.
Which ETF is attracting more investor money: PAYR or SPYD?
Year-to-date, the PAYR ETF saw +$61M in flows, compared to -$575M for SPYD.
Which ETF is bigger: PAYR or SPYD?
As of September 10, 2026, PAYR holds $73.99 M in assets under management (AUM), while SPYD manages $7.52 B.
What sectors do the PAYR and SPYD ETFs invest in?
PAYR leans toward sectors like Finance, Utilities and Consumer Non-Cyclicals. Meanwhile, SPYD focuses on Finance, Consumer Non-Cyclicals and Utilities.
What are the top holdings of the PAYR ETF and SPYD ETF?
PAYR top holdings include U.S. Bancorp, Paychex, Inc. and Verizon Communications, Inc.. SPYD holds in its top three: Accenture Plc, Fidelity National Information Services, Inc. and HP, Inc..
Which ETF is more diversified: PAYR or SPYD?
PAYR holds 50 securities with 44.53% of its assets in the top 15. SPYD has 80 securities and a top 15 weight of 19.79%.
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