DON vs SPY: Holdings Overlap
DONWisdomTree U.S. Midcap Dividend Fund
WisdomTree · 295 holdings · $4.1B · 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 (DON: 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 DON and SPY?
WisdomTree U.S. Midcap Dividend Fund (DON, by WisdomTree) holds 295 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 50 holdings in common, and by portfolio weight the two funds are 1.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 50DON holds 295 · SPY holds 504
- Weight in Shared Holdings
- DON 27%·SPY 1%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 DON
245 of 295 positions (72.7% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | DON | SPY |
|---|---|---|
| Information Technology | 4.2% | 37.6% |
| Financials | 22.3% | 12.3% |
| Industrials | 17.1% | 8.8% |
| Consumer Discretionary | 10.2% | 9.3% |
| Real Estate | 9.8% | 1.8% |
| Other Sectors | 36.2% | 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 |
|---|---|---|---|---|---|---|---|
| DON | +3.0% | +14.3% | +18.2% | +12.4% | +9.3% | +9.4% | 2.27% |
| 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 DON vs SPY →
Shared Holdings(50)
The top 10 shared positions account for 30% of the overlap, led by Q, OMC and IFF.
 QQnity Electronics Inc. COMMON STOCK | 0.37% | 0.04% | 0.04% |
|---|---|---|---|
 OMCOmnicom Group Inc COM | 0.98% | 0.04% | 0.04% |
 IFFInternational Flavors & Fragrances Inc. COM | 0.77% | 0.03% | 0.03% |
 SNASnap-On Incorporated COM | 0.91% | 0.03% | 0.03% |
 JBHTJ. B. Hunt Transport Services, Inc. COM | 0.37% | 0.03% | 0.03% |
 VTRSViatris Inc COM | 1.17% | 0.03% | 0.03% |
 ESSEssex Property Trust, Inc. COM | 0.64% | 0.03% | 0.03% |
 CFCF Industries Holdings, Inc. COM | 0.93% | 0.03% | 0.03% |
 JJacobs Solutions Inc. COM | 0.28% | 0.03% | 0.03% |
 BALLBall Corporation COM | 0.49% | 0.03% | 0.03% |
 KIMKimco Realty Corporation COM | 0.80% | 0.02% | 0.02% |
 NDSNNordson Corp COM | 0.39% | 0.02% | 0.02% |
 BBYBest Buy Co Inc. COM | 1.16% | 0.02% | 0.02% |
 SWKStanley Black & Decker, Inc. COM | 0.88% | 0.02% | 0.02% |
 GENGen Digital Inc COM | 0.40% | 0.02% | 0.02% |
 MASMasco Corporation COM | 0.45% | 0.02% | 0.02% |
 TXTTextron Inc. COM | 0.23% | 0.02% | 0.02% |
 HSTHost Hotels & Resorts Inc COM | 0.64% | 0.02% | 0.02% |
 ALBAlbemarle Corp COM | 0.51% | 0.02% | 0.02% |
 AIZAssurant Inc. COM | 0.27% | 0.02% | 0.02% |
 GLGlobe Life Inc COM | 0.17% | 0.02% | 0.02% |
 LIILennox International Inc. COM | 0.34% | 0.02% | 0.02% |
 AVYAvery Dennison Corporation COM | 0.52% | 0.02% | 0.02% |
 APAAPA Corp. COM | 1.33% | 0.02% | 0.02% |
 CLXThe Clorox Company COM | 1.00% | 0.02% | 0.02% |
Frequently Asked Questions
How much do DON and SPY overlap?
DON and SPY overlap by 1.0% of portfolio weight. They share 50 holdings (DON holds 295 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DON and SPY?
The two portfolios are 1.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DON and SPY?
The largest positions held by both funds are Q, OMC, IFF, SNA and JBHT. Together the top 10 shared positions account for 30% of the total overlap.
What does DON own that SPY doesn't?
245 positions (72.7% of DON) are unique to DON, led by PR, AM and AFG. In the other direction, 454 positions (98.9% of SPY) are unique to SPY.