DLN vs SDY: Holdings Overlap
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · as of 2026-03-31
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (DLN: 2026-03-31, SDY: 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 DLN and SDY?
WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309 positions; State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154. They have 70 holdings in common, and by portfolio weight the two funds are 23.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 70DLN holds 309 · SDY holds 154
- Weight in Shared Holdings
- DLN 29%·SDY 63%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 DLN
239 of 309 positions (70.9% of the fund) are not held by SDY. Showing the top 30 by weight.
Only in SDY
84 of 154 positions (36.8% of the fund) are not held by DLN. Showing the top 30 by weight.
Sector Breakdown
| Sector | DLN | SDY |
|---|---|---|
| Industrials | 8.6% | 18.7% |
| Information Technology | 17.8% | 7.9% |
| Financials | 17.6% | 12.5% |
| Consumer Staples | 9.5% | 15.2% |
| Health Care | 13.4% | 8.4% |
| Other Sectors | 33.1% | 37.1% |
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 |
|---|---|---|---|---|---|---|---|
| DLN | +3.0% | +15.4% | +22.8% | +18.3% | +12.7% | +12.7% | 1.71% |
| SDY | +1.4% | +14.8% | +16.9% | +10.8% | +7.8% | +9.4% | 2.36% |
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 DLN vs SDY →
Shared Holdings(70)
The top 10 shared positions account for 49% of the overlap, led by CVX, VZ and PG.
 CVXChevron Corp. COM | 2.27% | 1.80% | 1.80% |
|---|---|---|---|
 VZVerizon Communications Inc. COM | 1.33% | 3.03% | 1.33% |
 PGThe Procter & Gamble Co. COM | 1.37% | 1.25% | 1.25% |
 KOCoca-Cola Co (The) COM | 1.34% | 1.18% | 1.18% |
 PEPPepsico Inc COM | 1.17% | 1.91% | 1.17% |
 ABBVAbbVie Inc. COM | 1.63% | 1.13% | 1.13% |
 IBMInternational Business Machines Corp. COM | 0.92% | 1.17% | 0.92% |
 JNJJohnson & Johnson COM | 2.11% | 0.91% | 0.91% |
 TXNTexas Instruments Inc. COM | 0.78% | 0.77% | 0.77% |
 MCDMcDonald's Corp. COM | 0.76% | 1.23% | 0.76% |
 NEENextEra Energy Inc COM | 0.72% | 1.15% | 0.72% |
 LMTLockheed Martin Corporation COM | 0.61% | 1.31% | 0.61% |
 MSFTMicrosoft Corp. COM | 2.96% | 0.53% | 0.53% |
 SOSouthern Co. (The) | 0.51% | 1.32% | 0.51% |
 ABTAbbott Laboratories COM | 0.48% | 1.27% | 0.48% |
 QCOMQUALCOMM Inc. COM | 0.38% | 0.78% | 0.38% |
 WMTWalmart Inc COM | 1.14% | 0.38% | 0.38% |
 LOWLowes Companies, Inc. COM | 0.37% | 1.04% | 0.37% |
 ORealty Income Corporation COM | 0.35% | 2.15% | 0.35% |
 GDGeneral Dynamics Corporation COM | 0.35% | 0.80% | 0.35% |
 TGTTarget Corp. COM | 0.33% | 1.59% | 0.33% |
 ADIAnalog Devices Inc. COM | 0.32% | 0.46% | 0.32% |
 ADPAutomatic Data Processing, Inc. COM | 0.29% | 1.46% | 0.29% |
 ITWIllinois Tool Works Inc. COM | 0.28% | 1.09% | 0.28% |
 COSTCostco Wholesale Corporation COM | 0.35% | 0.28% | 0.28% |
Frequently Asked Questions
How much do DLN and SDY overlap?
DLN and SDY overlap by 23.1% of portfolio weight. They share 70 holdings (DLN holds 309 positions and SDY holds 154), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DLN and SDY?
The two portfolios are 23.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DLN and SDY?
The largest positions held by both funds are CVX, VZ, PG, KO and PEP. Together the top 10 shared positions account for 49% of the total overlap.
What does DLN own that SDY doesn't?
239 positions (70.9% of DLN) are unique to DLN, led by NVDA, JPM and AAPL. In the other direction, 84 positions (36.8% of SDY) are unique to SDY.