DGRO vs SPY: Holdings Overlap
DGROiShares Core Dividend Growth ETF
iShares · 394 holdings · $43.4B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (DGRO: 2026-04-30, SPY: 2026-08-06). 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 SPY?
iShares Core Dividend Growth ETF (DGRO, by iShares) holds 394 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 226 holdings in common, and by portfolio weight the two funds are 41.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 41.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 226DGRO holds 394 · SPY holds 504
- Weight in Shared Holdings
- DGRO 91%·SPY 50%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
168 of 394 positions (8.6% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | DGRO | SPY |
|---|---|---|
| Information Technology | 18.5% | 37.6% |
| Financials | 21.1% | 12.3% |
| Health Care | 16.4% | 8.9% |
| Consumer Staples | 11.5% | 4.5% |
| Industrials | 11.5% | 8.8% |
| Other Sectors | 20.8% | 27.8% |
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(226)
The top 10 shared positions account for 37% of the overlap, led by AVGO, AAPL and MSFT.
 AVGOBroadcom Inc COM | 3.25% | 3.00% | 3.00% |
|---|---|---|---|
 AAPLApple Inc. COM | 2.93% | 6.92% | 2.93% |
 MSFTMicrosoft Corp. COM | 2.91% | 5.60% | 2.91% |
 JPMJPMorgan Chase & Co. COM | 3.04% | 1.44% | 1.44% |
 LLYEli Lilly & Co. COM | 1.14% | 1.42% | 1.14% |
 JNJJohnson & Johnson COM | 2.64% | 0.93% | 0.93% |
 VVisa, Inc., Class A | 1.05% | 0.93% | 0.93% |
 WMTWalmart Inc COM | 0.95% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. COM | 1.73% | 0.72% | 0.72% |
 ABBVAbbVie Inc. COM | 2.52% | 0.65% | 0.65% |
 BACBank of America Corp. COM | 1.83% | 0.62% | 0.62% |
 MAMasterCard Incorporated CL A | 0.61% | 0.70% | 0.61% |
 CATCaterpillar Inc COM | 0.79% | 0.59% | 0.59% |
 UNHUnitedHealth Group Inc. COM | 2.31% | 0.55% | 0.55% |
 HDHome Depot, Inc. (The) | 1.89% | 0.52% | 0.52% |
 COSTCostco Wholesale Corporation COM | 0.52% | 0.63% | 0.52% |
 PGThe Procter & Gamble Co. COM | 2.07% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 1.79% | 0.51% | 0.51% |
 MRKMerck & Co., Inc COM | 1.75% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 1.18% | 0.46% | 0.46% |
 RTXRTX Corp. COM | 0.68% | 0.45% | 0.45% |
 PMPhilip Morris International Inc. COM | 1.94% | 0.44% | 0.44% |
 WFCWells Fargo & Co. COM | 1.29% | 0.40% | 0.40% |
 MSMorgan Stanley COM NEW | 1.28% | 0.39% | 0.39% |
 AMATApplied Materials Inc. COM | 0.38% | 0.63% | 0.38% |
Frequently Asked Questions
How much do DGRO and SPY overlap?
DGRO and SPY overlap by 41.8% of portfolio weight. They share 226 holdings (DGRO holds 394 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DGRO and SPY?
The two portfolios are 41.8% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DGRO and SPY?
The largest positions held by both funds are AVGO, AAPL, MSFT, JPM and LLY. Together the top 10 shared positions account for 37% of the total overlap.
What does DGRO own that SPY doesn't?
168 positions (8.6% of DGRO) are unique to DGRO, led by XOM, HON and FNF. In the other direction, 278 positions (49.5% of SPY) are unique to SPY.