FVD vs SPYI: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
SPYINEOS S&P 500(R) High Income ETF
NEOS · 505 holdings · $11.3B · as of 2026-03-31
How similar are FVD and SPYI?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; NEOS S&P 500(R) High Income ETF (SPYI, by NEOS) holds 505. They have 149 holdings in common, and by portfolio weight the two funds are 20.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 149FVD holds 236 · SPYI holds 505
- Weight in Shared Holdings
- FVD 63%·SPYI 25%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
87 of 236 positions (36.8% of the fund) are not held by SPYI. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | SPYI |
|---|---|---|
| Information Technology | 4.6% | 32.6% |
| Utilities | 18.9% | 2.5% |
| Financials | 18.5% | 12.6% |
| Industrials | 15.1% | 8.8% |
| Communication Services | 2.5% | 10.5% |
| Other Sectors | 35.5% | 32.5% |
| 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 SPYI).
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% |
| SPYI | +2.7% | +10.7% | +19.9% | +16.1% | — | — | 11.65% |
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 SPYI →
Shared Holdings(149)
The top 10 shared positions account for 21% of the overlap, led by ABBV, XOM and MRK.
 ABBVAbbVie Inc. COM | 0.44% | 0.69% | 0.44% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 0.44% | 1.29% | 0.44% |
 MRKMerck & Co., Inc COM | 0.44% | 0.52% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 1.06% | 0.43% |
 BACBank of America Corp. COM | 0.43% | 0.58% | 0.43% |
 GSGoldman Sachs Group, Inc. COM | 0.43% | 0.44% | 0.43% |
 JPMJPMorgan Chase & Co. COM | 0.43% | 1.44% | 0.43% |
 PMPhilip Morris International Inc. COM | 0.42% | 0.45% | 0.42% |
 KOCoca-Cola Co (The) COM | 0.42% | 0.52% | 0.42% |
 CVXChevron Corp. COM | 0.42% | 0.69% | 0.42% |
 PGThe Procter & Gamble Co. COM | 0.42% | 0.60% | 0.42% |
 HDHome Depot Inc. COM | 0.42% | 0.58% | 0.42% |
 RTXRTX Corp. COM | 0.41% | 0.46% | 0.41% |
 CSCOCisco Systems, Inc. COM | 0.41% | 0.55% | 0.41% |
 LINLinde PLC COM EUR0.001 | 0.43% | 0.41% | 0.41% |
 IBMInternational Business Machines Corp. COM | 0.41% | 0.40% | 0.40% |
 MCDMcDonald's Corp. COM | 0.42% | 0.40% | 0.40% |
 VZVerizon Communications Inc. COM | 0.42% | 0.37% | 0.37% |
 PEPPepsico Inc COM | 0.43% | 0.37% | 0.37% |
 MSMorgan Stanley COM NEW | 0.42% | 0.35% | 0.35% |
 NEENextEra Energy Inc COM | 0.43% | 0.34% | 0.34% |
 AMGNAmgen Inc. COM | 0.42% | 0.34% | 0.34% |
 TJXThe TJX Companies Inc. COM | 0.43% | 0.32% | 0.32% |
 ABTAbbott Laboratories COM | 0.41% | 0.31% | 0.31% |
 GILDGilead Sciences Inc. COM | 0.43% | 0.30% | 0.30% |
Frequently Asked Questions
How much do FVD and SPYI overlap?
FVD and SPYI overlap by 20.8% of portfolio weight. They share 149 holdings (FVD holds 236 positions and SPYI holds 505), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and SPYI?
The two portfolios are 20.8% 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 SPYI?
The largest positions held by both funds are ABBV, XOM, MRK, JNJ and BAC. Together the top 10 shared positions account for 21% of the total overlap.
What does FVD own that SPYI doesn't?
87 positions (36.8% of FVD) are unique to FVD, led by RIO, SNY and AMX. In the other direction, 356 positions (74.8% of SPYI) are unique to SPYI.