DLN vs SPHD: Holdings Overlap
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · as of 2026-03-31
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (DLN: 2026-03-31, 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 DLN and SPHD?
WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 33 holdings in common, and by portfolio weight the two funds are 15.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33DLN holds 309 · SPHD holds 49
- Weight in Shared Holdings
- DLN 17%·SPHD 64%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
276 of 309 positions (83.0% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | DLN | SPHD |
|---|---|---|
| Real Estate | 3.9% | 21.2% |
| Consumer Staples | 9.5% | 18.1% |
| Information Technology | 17.8% | 0.0% |
| Financials | 17.6% | 16.0% |
| Utilities | 6.1% | 13.8% |
| Other Sectors | 45.0% | 30.2% |
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% |
| 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 DLN vs SPHD →
Shared Holdings(33)
The top 10 shared positions account for 68% of the overlap, led by CVX, XOM and VZ.
 CVXChevron Corp. COM | 2.27% | 2.09% | 2.09% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 2.77% | 1.54% | 1.54% |
 VZVerizon Communications Inc. COM | 1.33% | 3.47% | 1.33% |
 TAT&T Inc COM | 1.29% | 2.01% | 1.29% |
 PFEPfizer Inc. COM | 1.00% | 2.98% | 1.00% |
 BMYBristol-Myers Squibb Company COM | 0.73% | 2.06% | 0.73% |
 MOAltria Group, Inc. COM | 0.69% | 3.43% | 0.69% |
 DUKDuke Energy Corp COM NEW | 0.66% | 1.58% | 0.66% |
 CMCSAComcast Corporation CL A | 0.63% | 1.60% | 0.63% |
 USBU.S. Bancorp. COM NEW | 0.48% | 1.61% | 0.48% |
 KMIKinder Morgan, Inc. COM | 0.44% | 1.96% | 0.44% |
 EOGEOG Resources Inc. COM | 0.41% | 1.98% | 0.41% |
 WMBWilliams Companies Inc. (The) COM | 0.40% | 1.60% | 0.40% |
 TFCTruist Financial Corp. COM | 0.37% | 1.74% | 0.37% |
 ORealty Income Corporation COM | 0.35% | 2.42% | 0.35% |
 EXCExelon Corp. COM | 0.32% | 1.59% | 0.32% |
 DDominion Energy Inc COM | 0.31% | 2.13% | 0.31% |
 PSAPublic Storage COM | 0.29% | 2.07% | 0.29% |
 KMBKimberly-Clark Corporation COM | 0.22% | 2.08% | 0.22% |
 PRUPrudential Financial, Inc. COM | 0.20% | 1.87% | 0.20% |
 FEFirstEnergy Corp. COM | 0.19% | 1.64% | 0.19% |
 KHCThe Kraft Heinz Co. COM | 0.18% | 3.01% | 0.18% |
 EXRExtra Space Storage Inc. COM | 0.16% | 2.10% | 0.16% |
 FITBFifth Third Bancorp COM | 0.16% | 1.32% | 0.16% |
 ESEversource Energy COM | 0.14% | 1.82% | 0.14% |
Frequently Asked Questions
How much do DLN and SPHD overlap?
DLN and SPHD overlap by 15.4% of portfolio weight. They share 33 holdings (DLN holds 309 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DLN and SPHD?
The two portfolios are 15.4% 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 SPHD?
The largest positions held by both funds are CVX, XOM, VZ, T and PFE. Together the top 10 shared positions account for 68% of the total overlap.
What does DLN own that SPHD doesn't?
276 positions (83.0% of DLN) are unique to DLN, led by NVDA, JPM and MSFT. In the other direction, 16 positions (35.1% of SPHD) are unique to SPHD.