FVD vs KIE: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
KIEState Street® SPDR® S&P® Insurance ETF
State Street (SPDR) · 53 holdings · $660M · as of 2026-08-06
Holdings snapshots are 128 days apart (FVD: 2026-03-31, KIE: 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 FVD and KIE?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; State Street® SPDR® S&P® Insurance ETF (KIE, by State Street (SPDR)) holds 53. They have 20 holdings in common, and by portfolio weight the two funds are 8.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20FVD holds 236 · KIE holds 53
- Weight in Shared Holdings
- FVD 8%·KIE 38%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 FVD
216 of 236 positions (91.3% of the fund) are not held by KIE. Showing the top 30 by weight.
Only in KIE
33 of 53 positions (61.5% of the fund) are not held by FVD. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | KIE |
|---|---|---|
| Financials | 18.5% | 98.3% |
| Utilities | 18.9% | 0.0% |
| Industrials | 15.1% | 0.0% |
| Consumer Staples | 10.4% | 0.0% |
| Real Estate | 8.0% | 0.0% |
| Other Sectors | 24.2% | 1.6% |
| Unclassified | 4.7% | 0.0% |
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. “Unclassified” is weight we could not classify (5% of FVD, 0% of KIE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| KIE | +0.2% | +8.3% | +16.0% | +16.1% | +12.6% | +12.3% | 1.51% |
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 FVD vs KIE →
Shared Holdings(20)
The top 10 shared positions account for 51% of the overlap, led by ORI, PRU and AFL.
 ORIOld Republic International Corporation COM | 0.44% | 1.90% | 0.44% |
|---|---|---|---|
 PRUPrudential Financial, Inc. COM | 0.43% | 1.94% | 0.43% |
 AFLAflac Incorporated COM | 0.43% | 1.81% | 0.43% |
 METMetLife Inc. COM | 0.43% | 1.95% | 0.43% |
 THGThe Hanover Insurance Group, Inc. COM | 0.42% | 1.97% | 0.42% |
 AXSAXIS Capital Holdings Limited COM USD0.0125 | 0.42% | 1.75% | 0.42% |
 SIGISelective Insurance Group Inc. COM | 0.42% | 1.78% | 0.42% |
 AFGAmerican Financial Group, Inc. COM | 0.42% | 1.86% | 0.42% |
 PRIPrimerica, Inc. COM | 0.42% | 1.98% | 0.42% |
 AIGAmerican International Group Inc. COM NEW | 0.42% | 1.79% | 0.42% |
 AIZAssurant Inc. COM | 0.42% | 1.93% | 0.42% |
 AJGArthur J. Gallagher & Co. | 0.42% | 1.92% | 0.42% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 0.42% | 1.79% | 0.42% |
 HIGThe Hartford Insurance Group Inc. COM | 0.42% | 1.87% | 0.42% |
 ALLThe Allstate Corporation COM | 0.42% | 2.07% | 0.42% |
 MRSHMarsh & McLennan Companies, Inc. COM | 0.42% | 1.94% | 0.42% |
 WTWWillis Towers Watson Public Limited Company COM USD0.000304635 | 0.41% | 2.16% | 0.41% |
 RLIRLI Corp COM | 0.41% | 2.00% | 0.41% |
 TRVTravelers Companies, Inc. COM | 0.41% | 2.13% | 0.41% |
 CINFCincinnati Financial Corporation COM | 0.41% | 1.81% | 0.41% |
Frequently Asked Questions
How much do FVD and KIE overlap?
FVD and KIE overlap by 8.4% of portfolio weight. They share 20 holdings (FVD holds 236 positions and KIE holds 53), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and KIE?
The two portfolios are 8.4% 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 FVD and KIE?
The largest positions held by both funds are ORI, PRU, AFL, MET and THG. Together the top 10 shared positions account for 51% of the total overlap.
What does FVD own that KIE doesn't?
216 positions (91.3% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 33 positions (61.5% of KIE) are unique to KIE.