DLN vs SPY: Holdings Overlap
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · 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 (DLN: 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 DLN and SPY?
WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 291 holdings in common, and by portfolio weight the two funds are 53.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 291DLN holds 309 · SPY holds 504
- Weight in Shared Holdings
- DLN 96%·SPY 77%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
18 of 309 positions (3.8% of the fund) are not held by SPY.
Sector Breakdown
| Sector | DLN | SPY |
|---|---|---|
| Information Technology | 17.8% | 37.6% |
| Financials | 17.6% | 12.3% |
| Health Care | 13.4% | 8.9% |
| Communication Services | 7.6% | 9.7% |
| Consumer Staples | 9.5% | 4.5% |
| Other Sectors | 34.0% | 26.8% |
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 |
|---|---|---|---|---|---|---|---|
| DLN | +3.0% | +15.4% | +22.8% | +18.3% | +12.7% | +12.7% | 1.71% |
| 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 DLN vs SPY →
Shared Holdings(291)
The top 10 shared positions account for 34% of the overlap, led by NVDA, MSFT and AAPL.
 NVDANVIDIA Corp. COM | 3.38% | 8.00% | 3.38% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 2.96% | 5.60% | 2.96% |
 AAPLApple Inc. COM | 2.95% | 6.92% | 2.95% |
 AVGOBroadcom Inc COM | 1.91% | 3.00% | 1.91% |
 JPMJPMorgan Chase & Co. COM | 3.29% | 1.44% | 1.44% |
 GOOGLAlphabet Inc. CAP STK CL A | 1.26% | 3.16% | 1.26% |
 GOOGAlphabet Inc. CAP STK CL C | 1.16% | 2.54% | 1.16% |
 LLYEli Lilly & Co. COM | 1.08% | 1.42% | 1.08% |
 METAMeta Platforms, Inc., Class A | 0.96% | 1.95% | 0.96% |
 JNJJohnson & Johnson COM | 2.11% | 0.93% | 0.93% |
 VVisa, Inc., Class A | 0.90% | 0.93% | 0.90% |
 WMTWalmart Inc COM | 1.14% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. COM | 0.92% | 0.72% | 0.72% |
 ABBVAbbVie Inc. COM | 1.63% | 0.65% | 0.65% |
 BACBank of America Corp. COM | 1.04% | 0.62% | 0.62% |
 UNHUnitedHealth Group Inc. COM | 0.89% | 0.55% | 0.55% |
 CVXChevron Corp. COM | 2.27% | 0.53% | 0.53% |
 HDHome Depot, Inc. (The) | 1.18% | 0.52% | 0.52% |
 PGThe Procter & Gamble Co. COM | 1.37% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 1.34% | 0.51% | 0.51% |
 CATCaterpillar Inc COM | 0.48% | 0.59% | 0.48% |
 MRKMerck & Co., Inc COM | 1.41% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 1.03% | 0.46% | 0.46% |
 RTXRTX Corp. COM | 0.59% | 0.45% | 0.45% |
 PMPhilip Morris International Inc. COM | 1.41% | 0.44% | 0.44% |
Showing the top 250 of 291 shared holdings by overlap weight.
Frequently Asked Questions
How much do DLN and SPY overlap?
DLN and SPY overlap by 53.7% of portfolio weight. They share 291 holdings (DLN holds 309 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DLN and SPY?
The two portfolios are 53.7% 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 DLN and SPY?
The largest positions held by both funds are NVDA, MSFT, AAPL, AVGO and JPM. Together the top 10 shared positions account for 34% of the total overlap.
What does DLN own that SPY doesn't?
18 positions (3.8% of DLN) are unique to DLN, led by XOM, HON and CTRA. In the other direction, 213 positions (23.4% of SPY) are unique to SPY.