DGRW vs SPY: Holdings Overlap
DGRWWisdomTree U.S. Quality Dividend Growth Fund
WisdomTree · 198 holdings · $17.2B · as of 2026-03-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (DGRW: 2026-03-31, 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 DGRW and SPY?
WisdomTree U.S. Quality Dividend Growth Fund (DGRW, by WisdomTree) holds 198 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 142 holdings in common, and by portfolio weight the two funds are 50.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 142DGRW holds 198 · SPY holds 504
- Weight in Shared Holdings
- DGRW 93%·SPY 56%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 DGRW
56 of 198 positions (6.5% of the fund) are not held by SPY. Showing the top 30 by weight.
Only in SPY
362 of 504 positions (43.7% of the fund) are not held by DGRW. Showing the top 30 by weight.
Sector Breakdown
| Sector | DGRW | SPY |
|---|---|---|
| Information Technology | 28.5% | 37.6% |
| Health Care | 13.8% | 8.9% |
| Communication Services | 12.9% | 9.7% |
| Financials | 9.1% | 12.3% |
| Industrials | 10.3% | 8.8% |
| Other Sectors | 25.3% | 22.6% |
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 |
|---|---|---|---|---|---|---|---|
| DGRW | +3.9% | +12.6% | +18.6% | +15.8% | +12.2% | +14.1% | 1.23% |
| 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 DGRW vs SPY →
Shared Holdings(142)
The top 10 shared positions account for 60% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.50% | 8.00% | 7.50% |
|---|---|---|---|
 AAPLApple Inc. COM | 5.46% | 6.92% | 5.46% |
 MSFTMicrosoft Corp. COM | 4.75% | 5.60% | 4.75% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.46% | 3.16% | 2.46% |
 GOOGAlphabet Inc. CAP STK CL C | 2.44% | 2.54% | 2.44% |
 AVGOBroadcom Inc COM | 2.07% | 3.00% | 2.07% |
 METAMeta Platforms, Inc., Class A | 3.26% | 1.95% | 1.95% |
 LLYEli Lilly & Co. COM | 1.27% | 1.42% | 1.27% |
 JNJJohnson & Johnson COM | 2.43% | 0.93% | 0.93% |
 VVisa, Inc., Class A | 1.36% | 0.93% | 0.93% |
 WMTWalmart Inc COM | 1.11% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. COM | 1.03% | 0.72% | 0.72% |
 ABBVAbbVie Inc. COM | 1.93% | 0.65% | 0.65% |
 COSTCostco Wholesale Corporation COM | 0.96% | 0.63% | 0.63% |
 MAMasterCard Incorporated CL A | 0.63% | 0.70% | 0.63% |
 AMATApplied Materials Inc. COM | 0.88% | 0.63% | 0.63% |
 BACBank of America Corp. COM | 0.91% | 0.62% | 0.62% |
 CATCaterpillar Inc COM | 1.29% | 0.59% | 0.59% |
 UNHUnitedHealth Group Inc. COM | 2.05% | 0.55% | 0.55% |
 CVXChevron Corp. COM | 1.87% | 0.53% | 0.53% |
 HDHome Depot, Inc. (The) | 2.83% | 0.52% | 0.52% |
 GEGE Aerospace COM NEW | 0.52% | 0.59% | 0.52% |
 PGThe Procter & Gamble Co. COM | 1.51% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 2.95% | 0.51% | 0.51% |
 LRCXLam Research Corporation COM NEW | 0.48% | 0.58% | 0.48% |
Frequently Asked Questions
How much do DGRW and SPY overlap?
DGRW and SPY overlap by 50.0% of portfolio weight. They share 142 holdings (DGRW holds 198 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DGRW and SPY?
The two portfolios are 50.0% 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 DGRW and SPY?
The largest positions held by both funds are NVDA, AAPL, MSFT, GOOGL and GOOG. Together the top 10 shared positions account for 60% of the total overlap.
What does DGRW own that SPY doesn't?
56 positions (6.5% of DGRW) are unique to DGRW, led by XOM, FCNCA and RS. In the other direction, 362 positions (43.7% of SPY) are unique to SPY.