SPHB vs. VTI

Last updated Jun 4, 2026

SPHB (Invesco S&P 500® High Beta ETF) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - SPHB is a S&P 500 fund tracking the S&P 500 High Beta Index, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, SPHB returned 18.92%/yr vs 15.05%/yr for VTI. Their correlation of 0.89 suggests significant overlap in exposure. SPHB charges 0.25%/yr vs 0.03%/yr for VTI.

Performance

SPHB vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® High Beta ETF (SPHB) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPHB achieves a 30.36% return, which is significantly higher than VTI's 11.20% return. Over the past 10 years, SPHB has outperformed VTI with an annualized return of 18.92%, while VTI has yielded a comparatively lower 15.05% annualized return.

SPHB

• 1D: -0.67%
• 1M: 12.37%
• YTD: 30.36%
• 6M: 31.36%
• 1Y: 69.40%
• 3Y*: 29.63%
• 5Y*: 15.19%
• 10Y*: 18.92%

VTI

• 1D: -0.72%
• 1M: 4.99%
• YTD: 11.20%
• 6M: 11.09%
• 1Y: 28.18%
• 3Y*: 22.07%
• 5Y*: 12.69%
• 10Y*: 15.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPHB vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPHB Invesco S&P 500® High Beta ETF	30.36%	32.87%	8.48%	33.28%	-20.59%	40.58%	25.56%	33.96%	-15.55%	17.87%
VTI Vanguard Total Stock Market ETF	11.20%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between SPHB and VTI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 6, 2011	0.89

The correlation between SPHB and VTI has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

SPHB vs. VTI - Sectors Allocation Comparison

Sectors	SPHB	VTI
Technology	45.8%	33.5%
Consumer Cyclical	12.9%	10.0%
Financial Services	12.5%	12.0%
Industrials	11.7%	9.8%
Basic Materials	4.6%	2.0%
Communication Services	3.7%	10.3%
Utilities	3.2%	2.3%
Healthcare	2.9%	9.2%
Energy	2.2%	3.7%
Consumer Defensive	0.6%	4.7%
Real Estate	-	2.4%

Return for Risk

SPHB vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPHB

SPHB Risk / Return Rank: 88
SPHB Sharpe Ratio Rank: 90
SPHB Sortino Ratio Rank: 84
SPHB Omega Ratio Rank: 82
SPHB Calmar Ratio Rank: 93
SPHB Martin Ratio Rank: 93

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 69
VTI Sortino Ratio Rank: 68
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPHB vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Beta ETF (SPHB) and Vanguard Total Stock Market ETF (VTI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SPHB	VTI	Difference
Sharpe ratio: Return per unit of total volatility	3.16	2.33	+0.83
Sortino ratio: Return per unit of downside risk	3.85	3.18	+0.66
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	6.52	3.17	+3.34
Martin ratio: Return relative to average drawdown	25.92	14.62	+11.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPHB vs. VTI - Sharpe Ratio Comparison

The current SPHB Sharpe Ratio is 3.16, which is higher than the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SPHB and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPHB	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	2.33	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.73	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.82	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.51	+0.02

Drawdowns

SPHB vs. VTI - Drawdown Comparison

The maximum SPHB drawdown since its inception was -46.84%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for SPHB and VTI.

Drawdown Indicators

	SPHB	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-46.84%	-55.45%	+8.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-8.92%	-1.78%
Max Drawdown (3Y) Largest decline over 3 years	-29.21%	-19.30%	-9.91%
Max Drawdown (5Y) Largest decline over 5 years	-31.49%	-25.36%	-6.13%
Max Drawdown (10Y) Largest decline over 10 years	-46.84%	-35.00%	-11.84%
Current Drawdown Current decline from peak	-0.67%	-0.72%	+0.05%
Average Drawdown Average peak-to-trough decline	-8.50%	-8.03%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	1.93%	+0.76%

Volatility

SPHB vs. VTI - Volatility Comparison

Invesco S&P 500® High Beta ETF (SPHB) has a higher volatility of 7.14% compared to Vanguard Total Stock Market ETF (VTI) at 2.96%. This indicates that SPHB's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPHB	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.14%	2.96%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	16.99%	9.13%	+7.86%
Volatility (1Y) Calculated over the trailing 1-year period	22.16%	12.17%	+9.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.38%	17.40%	+9.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.45%	18.30%	+10.15%

SPHB vs. VTI - Expense Ratio Comparison

SPHB has a 0.25% expense ratio, which is higher than VTI's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPHB vs. VTI - Dividend Comparison

SPHB's dividend yield for the trailing twelve months is around 0.52%, less than VTI's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPHB Invesco S&P 500® High Beta ETF	0.52%	0.60%	0.80%	0.73%	0.72%	0.91%	1.90%	1.26%	1.96%	1.34%	0.93%	1.69%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both SPHB and VTI in my portfolio?

SPHB and VTI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPHB or VTI?

SPHB has higher volatility (7.14%) compared to VTI (2.96%). In terms of maximum drawdown, SPHB dropped -46.84% vs VTI's -55.45%.

Which ETF is better, SPHB or VTI?

On 10-year performance, SPHB leads with 18.92% vs 15.05% for VTI. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPHB or VTI?

Over the 10-year period, SPHB has performed better with a 18.92% return vs 15.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPHB or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.25% for SPHB.

Which ETF pays a higher dividend yield, SPHB or VTI?

VTI has the higher dividend yield at 1.01%, compared with 0.52% for SPHB.

What is the main difference between SPHB and VTI?

SPHB is categorized as S&P 500, while VTI is Large Cap Blend Equities. SPHB tracks S&P 500 High Beta Index, while VTI tracks CRSP US Total Market Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.25% for SPHB and 0.03% for VTI.

Which has better risk-adjusted returns?

SPHB currently has the higher Sharpe Ratio (3.16 vs 2.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.