HomeCompareIROC vs SPHD

IROC vs SPHD: Dividend Comparison 2026

IROC yields 5.07% · SPHD yields 4.33%● Live data

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After 10 years · $10,000 invested · DRIP enabled
🏆 IROC wins by $1.4K in total portfolio value
10 years
IROC
IROC
● Live price
5.07%
Share price
$50.25
Annual div
$2.55
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$27.9K
Annual income
$701.54
Full IROC calculator →
SPHD
SPHD
● Live price
4.33%
Share price
$49.34
Annual div
$2.14
5Y div CAGR
0%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$26.5K
Annual income
$571.32
Full SPHD calculator →

Portfolio growth — IROC vs SPHD

📍 IROC pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodIROCSPHD
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
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Dividend Calendar Overlap

Combined, IROC + SPHD cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
IROC pays
SPHD pays
Both pay
Neither
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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

IROC
Annual income on $10K today (after 15% tax)
$431.12/yr
After 10yr DRIP, annual income (after tax)
$596.31/yr
SPHD
Annual income on $10K today (after 15% tax)
$367.92/yr
After 10yr DRIP, annual income (after tax)
$485.62/yr
At 15% tax rate, IROC beats the other by $110.69/year in after-tax income after 10 years on $10,000
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Lazy Portfolio Split Optimizer

What's the optimal mix of IROC + SPHD for your $10,000?

IROC: 50%SPHD: 50%
100% SPHD50/50100% IROC
Portfolio after 10yr
$27.2K
Annual income
$636.43/yr
Blended yield
2.34%
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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

IROC buys
0
SPHD buys
0
No recent congressional trades found for IROC or SPHD in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricIROCSPHD
Forward yield5.07%4.33%
Annual dividend / share$2.55$2.14
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR0%0%
Portfolio after 10y$27.9K$26.5K
Annual income after 10y$701.54$571.32
Total dividends collected$6.1K$5.1K
Payment frequencyquarterlyquarterly
SectorStockETF

Year-by-year: IROC vs SPHD ($10,000, DRIP)

YearIROC PortfolioIROC Income/yrSPHD PortfolioSPHD Income/yrGap
1← crossover$11,207$507.20$11,133$432.85+$74.00IROC
2$12,523$531.25$12,363$450.36+$160.00IROC
3$13,954$554.78$13,695$467.39+$259.00IROC
4$15,509$577.75$15,138$483.90+$371.00IROC
5$17,195$600.11$16,697$499.88+$498.00IROC
6$19,020$621.81$18,382$515.31+$638.00IROC
7$20,994$642.82$20,198$530.17+$796.00IROC
8$23,127$663.13$22,157$544.46+$970.00IROC
9$25,429$682.70$24,266$558.18+$1.2KIROC
10$27,910$701.54$26,536$571.32+$1.4KIROC

IROC vs SPHD: Complete Analysis 2026

IROCStock

Invesco Rochester High Yield Municipal ETF (fund) is an actively managed exchange-traded fund (ETF) that seeks current income exempt from federal income tax. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 75% of its net assets in higher yielding municipal securities, specifically medium-and-lower grade municipal securities. The fund will normally maintain a weighted average portfolio duration of less than 7.5 years.Effective February 24, 2025, The Fund will invest at least 75% of its total assets in low-to medium-quality municipal securities. The Fund’s name will change to “Invesco Rochester High Yield Municipal ETF.” As a result of this change, the Fund will also change its ticker to “IROC.”Effective July 1, 2025 through June 30, 2026, Invesco Capital Management LLC (the “Adviser”) will voluntarily waive 100% of its management fee, 0.39%, for the Fund. The Net Expense Ratio for the Fund through June 30, 2026 is 0.00%.

Full IROC Calculator →

SPHDETF

The Invesco S&P 500 High Dividend Low Volatility ETF (Fund) is based on the S&P 500 Low Volatility High Dividend Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. Standard & Poor's compiles, maintains and calculates the Index, which is composed of 50 securities traded on the S&P 500 Index that historically have provided high dividend yields and low volatility. The Fund and the Index are rebalanced and reconstituted semi-annually, in January and July.

Full SPHD Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.