DGRO vs SPHD: Holdings Overlap
DGROiShares Core Dividend Growth ETF
iShares · 394 holdings · $43.4B · 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 (DGRO: 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 DGRO and SPHD?
iShares Core Dividend Growth ETF (DGRO, by iShares) holds 394 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 8 holdings in common, and by portfolio weight the two funds are 3.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8DGRO holds 394 · SPHD holds 49
- Weight in Shared Holdings
- DGRO 5%·SPHD 12%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 DGRO
386 of 394 positions (94.6% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | DGRO | SPHD |
|---|---|---|
| Real Estate | 0.0% | 21.2% |
| Financials | 21.1% | 16.0% |
| Information Technology | 18.5% | 0.0% |
| Consumer Staples | 11.5% | 18.1% |
| Health Care | 16.4% | 5.0% |
| Other Sectors | 32.2% | 39.0% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DGRO | +2.4% | +15.5% | +25.2% | +17.4% | +11.3% | +13.6% | 1.86% |
| 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 DGRO vs SPHD →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by XOM, DUK and EOG.
 XOMExxon Mobil Corp. COM | 2.90% | 1.54% | 1.54% |
|---|---|---|---|
 DUKDuke Energy Corp COM NEW | 0.73% | 1.58% | 0.73% |
 EOGEOG Resources Inc. COM | 0.53% | 1.98% | 0.53% |
 FITBFifth Third Bancorp COM | 0.35% | 1.32% | 0.35% |
 DTEDTE Energy Co. COM | 0.22% | 1.53% | 0.22% |
 PFGPrincipal Financial Group Inc. COM | 0.17% | 1.69% | 0.17% |
 EVRGEvergy Inc COM | 0.14% | 1.69% | 0.14% |
 GPCGenuine Parts Co COM | 0.12% | 1.03% | 0.12% |
Frequently Asked Questions
How much do DGRO and SPHD overlap?
DGRO and SPHD overlap by 3.8% of portfolio weight. They share 8 holdings (DGRO holds 394 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DGRO and SPHD?
The two portfolios are 3.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DGRO and SPHD?
The largest positions held by both funds are XOM, DUK, EOG, FITB and DTE. Together the top 8 shared positions account for 100% of the total overlap.
What does DGRO own that SPHD doesn't?
386 positions (94.6% of DGRO) are unique to DGRO, led by AVGO, JPM and AAPL. In the other direction, 41 positions (87.1% of SPHD) are unique to SPHD.