DVY vs SPY: Holdings Overlap
DVYiShares Select Dividend ETF
iShares · 100 holdings · $23.8B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (DVY: 2026-04-30, 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 DVY and SPY?
iShares Select Dividend ETF (DVY, by iShares) holds 100 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 67 holdings in common, and by portfolio weight the two funds are 7.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 67DVY holds 100 · SPY holds 504
- Weight in Shared Holdings
- DVY 79%·SPY 7%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
33 of 100 positions (20.4% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | DVY | SPY |
|---|---|---|
| Information Technology | 3.4% | 37.6% |
| Financials | 24.9% | 12.3% |
| Utilities | 24.2% | 2.0% |
| Consumer Staples | 13.5% | 4.5% |
| Communication Services | 6.0% | 9.7% |
| Other Sectors | 27.8% | 33.7% |
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% |
| 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 DVY vs SPY →
Shared Holdings(67)
The top 10 shared positions account for 50% of the overlap, led by CVX, KO and MRK.
 CVXChevron Corp. COM | 1.38% | 0.53% | 0.53% |
|---|---|---|---|
 KOCoca-Cola Co (The) COM | 0.92% | 0.51% | 0.51% |
 MRKMerck & Co., Inc COM | 0.87% | 0.48% | 0.48% |
 PMPhilip Morris International Inc. COM | 1.01% | 0.44% | 0.44% |
 IBMInternational Business Machines Corp. COM | 0.83% | 0.33% | 0.33% |
 MCDMcDonald's Corp. COM | 0.69% | 0.30% | 0.30% |
 VZVerizon Communications Inc. COM | 1.85% | 0.30% | 0.30% |
 NEENextEra Energy Inc COM | 0.98% | 0.27% | 0.27% |
 TAT&T Inc COM | 1.23% | 0.25% | 0.25% |
 GILDGilead Sciences Inc. COM | 0.66% | 0.24% | 0.24% |
 PFEPfizer Inc. COM | 2.22% | 0.23% | 0.23% |
 CVSCVS Health Corp COM | 1.23% | 0.19% | 0.19% |
 LMTLockheed Martin Corporation COM | 0.57% | 0.18% | 0.18% |
 MOAltria Group, Inc. COM | 2.29% | 0.17% | 0.17% |
 USBU.S. Bancorp. COM NEW | 1.27% | 0.15% | 0.15% |
 VLOValero Energy Corp. COM | 0.92% | 0.14% | 0.14% |
 CMCSAComcast Corporation CL A | 1.22% | 0.14% | 0.14% |
 MDLZMondelez International, Inc., Class A | 1.22% | 0.12% | 0.12% |
 EOGEOG Resources Inc. COM | 1.25% | 0.11% | 0.11% |
 AEPAmerican Electric Power Co, Inc. COM | 1.03% | 0.10% | 0.10% |
 TGTTarget Corp. COM | 1.45% | 0.10% | 0.10% |
 TFCTruist Financial Corp. COM | 1.43% | 0.10% | 0.10% |
 DDominion Energy Inc COM | 1.43% | 0.09% | 0.09% |
 OKEOneok Inc. COM | 1.83% | 0.08% | 0.08% |
 SRESempra COM | 0.94% | 0.08% | 0.08% |
Frequently Asked Questions
How much do DVY and SPY overlap?
DVY and SPY overlap by 7.4% of portfolio weight. They share 67 holdings (DVY holds 100 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DVY and SPY?
The two portfolios are 7.4% 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 DVY and SPY?
The largest positions held by both funds are CVX, KO, MRK, PM and IBM. Together the top 10 shared positions account for 50% of the total overlap.
What does DVY own that SPY doesn't?
33 positions (20.4% of DVY) are unique to DVY, led by FNF, WSO and FHN. In the other direction, 437 positions (92.5% of SPY) are unique to SPY.