FVD vs SPEM: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (FVD: 2026-03-31, SPEM: 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 SPEM?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 2 holdings in common, and by portfolio weight the two funds are 0.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2FVD holds 236 · SPEM holds 2776
- Weight in Shared Holdings
- FVD 1%·SPEM 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 FVD
234 of 236 positions (98.9% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2774 of 2776 positions (108.5% of the fund) are not held by FVD. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | SPEM |
|---|---|---|
| Information Technology | 4.6% | 25.3% |
| Utilities | 18.9% | 0.9% |
| Financials | 18.5% | 15.1% |
| Industrials | 15.1% | 1.5% |
| Consumer Staples | 10.4% | 1.8% |
| Other Sectors | 27.6% | 20.8% |
| Unclassified | 4.7% | 43.5% |
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, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(2)
Frequently Asked Questions
How much do FVD and SPEM overlap?
FVD and SPEM overlap by 0.5% of portfolio weight. They share 2 holdings (FVD holds 236 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and SPEM?
The two portfolios are 0.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FVD and SPEM?
The largest positions held by both funds are INFY and WIT. Together the top 2 shared positions account for 100% of the total overlap.
What does FVD own that SPEM doesn't?
234 positions (98.9% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 2774 positions (108.5% of SPEM) are unique to SPEM.