DFSV vs SPHD: Holdings Overlap
DFSVDimensional US Small Cap Value ETF
Dimensional · 1029 holdings · $8.2B · as of 2026-04-30
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFSV: 2026-04-30, SPHD: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DFSV and SPHD?
Dimensional US Small Cap Value ETF (DFSV, by Dimensional) holds 1029 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 4 holdings in common, and by portfolio weight the two funds are 0.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4DFSV holds 1029 · SPHD holds 49
- Weight in Shared Holdings
- DFSV 1%·SPHD 9%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DFSV
1025 of 1029 positions (98.8% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFSV | SPHD |
|---|---|---|
| Financials | 26.4% | 16.0% |
| Real Estate | 0.7% | 21.2% |
| Consumer Staples | 5.3% | 18.1% |
| Industrials | 14.9% | 1.4% |
| Utilities | 0.6% | 13.8% |
| Other Sectors | 48.1% | 28.8% |
| Unclassified | 3.6% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of DFSV, 0% of SPHD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFSV | +4.5% | +23.4% | +37.6% | +15.2% | — | — | 1.33% |
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DFSV vs SPHD →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by CAG, BEN and CPB.
Frequently Asked Questions
How much do DFSV and SPHD overlap?
DFSV and SPHD overlap by 0.9% of portfolio weight. They share 4 holdings (DFSV holds 1029 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFSV and SPHD?
The two portfolios are 0.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DFSV and SPHD?
The largest positions held by both funds are CAG, BEN, CPB and HRL. Together the top 4 shared positions account for 100% of the total overlap.
What does DFSV own that SPHD doesn't?
1025 positions (98.8% of DFSV) are unique to DFSV, led by DINO, OVV and APA. In the other direction, 45 positions (90.4% of SPHD) are unique to SPHD.