DVY vs SPHD: Holdings Overlap
DVYiShares Select Dividend ETF
iShares · 100 holdings · $23.8B · as of 2026-04-30
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (DVY: 2026-04-30, 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 DVY and SPHD?
iShares Select Dividend ETF (DVY, by iShares) holds 100 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 30 holdings in common, and by portfolio weight the two funds are 39.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 39.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 30DVY holds 100 · SPHD holds 49
- Weight in Shared Holdings
- DVY 40%·SPHD 59%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 DVY
70 of 100 positions (59.8% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | DVY | SPHD |
|---|---|---|
| Financials | 24.9% | 16.0% |
| Utilities | 24.2% | 13.8% |
| Real Estate | 0.0% | 21.2% |
| Consumer Staples | 13.5% | 18.1% |
| Energy | 9.0% | 11.8% |
| Other Sectors | 28.2% | 18.4% |
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 |
|---|---|---|---|---|---|---|---|
| DVY | +1.3% | +16.5% | +23.7% | +16.0% | +10.6% | +10.3% | 3.25% |
| 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 DVY vs SPHD →
Shared Holdings(30)
The top 10 shared positions account for 45% of the overlap, led by MO, PFE and TROW.
 MOAltria Group, Inc. COM | 2.29% | 3.43% | 2.29% |
|---|---|---|---|
 PFEPfizer Inc. COM | 2.22% | 2.98% | 2.22% |
 TROWPrice T Rowe Group Inc. COM | 2.02% | 2.08% | 2.02% |
 VZVerizon Communications Inc. COM | 1.85% | 3.47% | 1.85% |
 PRUPrudential Financial, Inc. COM | 1.84% | 1.87% | 1.84% |
 OKEOneok Inc. COM | 1.83% | 2.64% | 1.83% |
 GISGeneral Mills, Inc. COM | 1.52% | 1.70% | 1.52% |
 KMBKimberly-Clark Corporation COM | 1.51% | 2.08% | 1.51% |
 TFCTruist Financial Corp. COM | 1.43% | 1.74% | 1.43% |
 DDominion Energy Inc COM | 1.43% | 2.13% | 1.43% |
 CVXChevron Corp. COM | 1.38% | 2.09% | 1.38% |
 ESEversource Energy COM | 1.38% | 1.82% | 1.38% |
 USBU.S. Bancorp. COM NEW | 1.27% | 1.61% | 1.27% |
 EOGEOG Resources Inc. COM | 1.25% | 1.98% | 1.25% |
 PFGPrincipal Financial Group Inc. COM | 1.24% | 1.69% | 1.24% |
 RFRegions Financial Corporation COM | 1.24% | 1.58% | 1.24% |
 TAT&T Inc COM | 1.23% | 2.01% | 1.23% |
 CMCSAComcast Corporation CL A | 1.22% | 1.60% | 1.22% |
 FEFirstEnergy Corp. COM | 1.19% | 1.64% | 1.19% |
 HBANHuntington Bancshares Incorporated COM | 1.18% | 1.33% | 1.18% |
 OMCOmnicom Group Inc COM | 1.18% | 1.42% | 1.18% |
 EXCExelon Corp. COM | 1.13% | 1.59% | 1.13% |
 DTEDTE Energy Co. COM | 1.11% | 1.53% | 1.11% |
 FITBFifth Third Bancorp COM | 1.05% | 1.32% | 1.05% |
 GPCGenuine Parts Co COM | 1.14% | 1.03% | 1.03% |
Frequently Asked Questions
How much do DVY and SPHD overlap?
DVY and SPHD overlap by 39.9% of portfolio weight. They share 30 holdings (DVY holds 100 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DVY and SPHD?
The two portfolios are 39.9% 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 DVY and SPHD?
The largest positions held by both funds are MO, PFE, TROW, VZ and PRU. Together the top 10 shared positions account for 45% of the total overlap.
What does DVY own that SPHD doesn't?
70 positions (59.8% of DVY) are unique to DVY, led by HPQ, EIX and LYB. In the other direction, 19 positions (40.6% of SPHD) are unique to SPHD.