FVD vs SPY: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · 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 (FVD: 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 FVD and SPY?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 145 holdings in common, and by portfolio weight the two funds are 18.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 18.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 145FVD holds 236 · SPY holds 504
- Weight in Shared Holdings
- FVD 61%·SPY 21%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
91 of 236 positions (38.5% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | SPY |
|---|---|---|
| Information Technology | 4.6% | 37.6% |
| Utilities | 18.9% | 2.0% |
| Financials | 18.5% | 12.3% |
| Industrials | 15.1% | 8.8% |
| Consumer Staples | 10.4% | 4.5% |
| Other Sectors | 27.6% | 34.7% |
| 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 SPY).
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% |
| 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 FVD vs SPY →
Shared Holdings(145)
The top 10 shared positions account for 23% of the overlap, led by ABBV, MRK and JNJ.
 ABBVAbbVie Inc. COM | 0.44% | 0.65% | 0.44% |
|---|---|---|---|
 MRKMerck & Co., Inc COM | 0.44% | 0.48% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 0.93% | 0.43% |
 BACBank of America Corp. COM | 0.43% | 0.62% | 0.43% |
 GSGoldman Sachs Group, Inc. (The) | 0.43% | 0.46% | 0.43% |
 JPMJPMorgan Chase & Co. COM | 0.43% | 1.44% | 0.43% |
 PMPhilip Morris International Inc. COM | 0.42% | 0.44% | 0.42% |
 KOCoca-Cola Co (The) COM | 0.42% | 0.51% | 0.42% |
 CVXChevron Corp. COM | 0.42% | 0.53% | 0.42% |
 PGThe Procter & Gamble Co. COM | 0.42% | 0.52% | 0.42% |
 HDHome Depot, Inc. (The) | 0.42% | 0.52% | 0.42% |
 RTXRTX Corp. COM | 0.41% | 0.45% | 0.41% |
 CSCOCisco Systems, Inc. COM | 0.41% | 0.72% | 0.41% |
 MSMorgan Stanley COM NEW | 0.42% | 0.39% | 0.39% |
 LINLinde PLC COM EUR0.001 | 0.43% | 0.34% | 0.34% |
 IBMInternational Business Machines Corp. COM | 0.41% | 0.33% | 0.33% |
 AMGNAmgen Inc. COM | 0.42% | 0.33% | 0.33% |
 MCDMcDonald's Corp. COM | 0.42% | 0.30% | 0.30% |
 VZVerizon Communications Inc. COM | 0.42% | 0.30% | 0.30% |
 PEPPepsico Inc COM | 0.43% | 0.29% | 0.29% |
 ABTAbbott Laboratories COM | 0.41% | 0.28% | 0.28% |
 TJXThe TJX Companies Inc. COM | 0.43% | 0.27% | 0.27% |
 NEENextEra Energy Inc COM | 0.43% | 0.27% | 0.27% |
 UNPUnion Pacific Corporation COM | 0.43% | 0.26% | 0.26% |
 ETNEaton Corporation PLC COM USD0.01 | 0.42% | 0.26% | 0.26% |
Frequently Asked Questions
How much do FVD and SPY overlap?
FVD and SPY overlap by 18.4% of portfolio weight. They share 145 holdings (FVD holds 236 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and SPY?
The two portfolios are 18.4% 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 SPY?
The largest positions held by both funds are ABBV, MRK, JNJ, BAC and GS. Together the top 10 shared positions account for 23% of the total overlap.
What does FVD own that SPY doesn't?
91 positions (38.5% of FVD) are unique to FVD, led by RIO, SNY and AMX. In the other direction, 359 positions (78.8% of SPY) are unique to SPY.