FV vs SPY: Holdings Overlap
FVFirst Trust Dorsey Wright Focus 5 ETF
First Trust · 5 holdings · $3.8B · 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 (FV: 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 FV and SPY?
First Trust Dorsey Wright Focus 5 ETF (FV, by First Trust) holds 5 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0FV holds 5 · SPY holds 504
- Weight in Shared Holdings
- FV 0%·SPY 0%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 FV
5 of 5 positions (100.0% of the fund) are not held by SPY.
- First Trust NYSE Arca Biotechnology Index Fund20.99%
- First Trust Energy AlphaDEX Fund20.08%
- First Trust Nasdaq Transportation ETF19.99%
- First Trust Indxx Aerospace & Defense ETF19.61%
- First Trust Nasdaq Semiconductor ETF19.33%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FV | +1.2% | +15.6% | +20.8% | +15.3% | +9.5% | +12.8% | 0.50% |
| 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 FV vs SPY →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do FV and SPY overlap?
FV and SPY overlap by 0.0% of portfolio weight. They share 0 holdings (FV holds 5 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FV and SPY?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does FV own that SPY doesn't?
5 positions (100.0% of FV) are unique to FV, led by First Trust NYSE Arca Biotechnology Index Fund, First Trust Energy AlphaDEX Fund and First Trust Nasdaq Transportation ETF. In the other direction, 504 positions (99.9% of SPY) are unique to SPY.