FVD vs SDY: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (FVD: 2026-03-31, SDY: 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 SDY?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154. They have 86 holdings in common, and by portfolio weight the two funds are 32.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 86FVD holds 236 · SDY holds 154
- Weight in Shared Holdings
- FVD 36%·SDY 70%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
150 of 236 positions (63.5% of the fund) are not held by SDY. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | SDY |
|---|---|---|
| Utilities | 18.9% | 13.2% |
| Industrials | 15.1% | 18.7% |
| Financials | 18.5% | 12.5% |
| Consumer Staples | 10.4% | 15.2% |
| Health Care | 6.4% | 8.4% |
| Other Sectors | 25.7% | 31.9% |
| 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 SDY).
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% |
| SDY | +1.4% | +14.8% | +16.9% | +10.8% | +7.8% | +9.4% | 2.36% |
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 SDY →
Shared Holdings(86)
The top 10 shared positions account for 14% of the overlap, led by ABBV, CSX and PPG.
 ABBVAbbVie Inc. COM | 0.44% | 1.13% | 0.44% |
|---|---|---|---|
 CSXCSX Corporation COM | 0.44% | 0.51% | 0.44% |
 PPGPPG Industries, Inc. COM | 0.44% | 1.00% | 0.44% |
 GPCGenuine Parts Co COM | 0.44% | 0.75% | 0.44% |
 FASTFastenal Co. COM | 0.44% | 0.96% | 0.44% |
 APDAir Products & Chemicals, Inc. COM | 0.44% | 1.07% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 0.91% | 0.43% |
 EDConsolidated Edison, Inc. COM | 0.43% | 1.33% | 0.43% |
 LNTAlliant Energy Corporation COM | 0.43% | 0.77% | 0.43% |
 LINLinde PLC COM EUR0.001 | 0.43% | 0.51% | 0.43% |
 WECWEC Energy Group Inc. COM | 0.43% | 1.33% | 0.43% |
 XELXcel Energy Inc COM | 0.43% | 1.21% | 0.43% |
 EVRGEvergy Inc COM | 0.43% | 0.80% | 0.43% |
 RPMRPM International Inc. COM | 0.43% | 0.64% | 0.43% |
 SOSouthern Co. (The) | 0.43% | 1.32% | 0.43% |
 NEENextEra Energy Inc COM | 0.43% | 1.15% | 0.43% |
 PEPPepsico Inc COM | 0.43% | 1.91% | 0.43% |
 AFLAflac Incorporated COM | 0.43% | 0.91% | 0.43% |
 TROWPrice T Rowe Group Inc. COM | 0.43% | 1.00% | 0.43% |
 ESEversource Energy COM | 0.43% | 1.10% | 0.43% |
 ATOAtmos Energy Corp. COM | 0.43% | 0.96% | 0.43% |
 KOCoca-Cola Co (The) COM | 0.42% | 1.18% | 0.42% |
 RSGRepublic Services, Inc., Class A | 0.42% | 0.49% | 0.42% |
 AMCRAmcor PLC COM NEW | 0.42% | 0.91% | 0.42% |
 WMWaste Management, Inc. COM | 0.42% | 0.70% | 0.42% |
Frequently Asked Questions
How much do FVD and SDY overlap?
FVD and SDY overlap by 32.0% of portfolio weight. They share 86 holdings (FVD holds 236 positions and SDY holds 154), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and SDY?
The two portfolios are 32.0% 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 FVD and SDY?
The largest positions held by both funds are ABBV, CSX, PPG, GPC and FAST. Together the top 10 shared positions account for 14% of the total overlap.
What does FVD own that SDY doesn't?
150 positions (63.5% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 68 positions (29.9% of SDY) are unique to SDY.