FVD vs XLV: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
XLVState Street® Health Care Select Sector SPDR® ETF
State Street (SPDR) · 61 holdings · $41.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (FVD: 2026-03-31, XLV: 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 XLV?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; State Street® Health Care Select Sector SPDR® ETF (XLV, by State Street (SPDR)) holds 61. They have 13 holdings in common, and by portfolio weight the two funds are 5.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13FVD holds 236 · XLV holds 61
- Weight in Shared Holdings
- FVD 6%·XLV 41%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
223 of 236 positions (94.2% of the fund) are not held by XLV. Showing the top 30 by weight.
Only in XLV
48 of 61 positions (58.4% of the fund) are not held by FVD. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | XLV |
|---|---|---|
| Health Care | 6.4% | 99.8% |
| Utilities | 18.9% | 0.0% |
| Financials | 18.5% | 0.0% |
| Industrials | 15.1% | 0.0% |
| Consumer Staples | 10.4% | 0.0% |
| Other Sectors | 25.7% | 0.0% |
| 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 XLV).
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% |
| XLV | +0.8% | +7.9% | +30.7% | +9.2% | +6.2% | +10.0% | 1.53% |
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 XLV →
Shared Holdings(13)
The top 10 shared positions account for 78% of the overlap, led by BMY, ABBV and PFE.
 BMYBristol-Myers Squibb Company COM | 0.45% | 2.21% | 0.45% |
|---|---|---|---|
 ABBVAbbVie Inc. COM | 0.44% | 7.26% | 0.44% |
 PFEPfizer Inc. COM | 0.44% | 2.52% | 0.44% |
 MRKMerck & Co., Inc COM | 0.44% | 5.34% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 10.42% | 0.43% |
 ZTSZoetis, Inc., Class A | 0.43% | 0.55% | 0.43% |
 GILDGilead Sciences Inc. COM | 0.43% | 2.74% | 0.43% |
 LHLabcorp Holdings Inc COM SHS | 0.42% | 0.44% | 0.42% |
 BDXBecton, Dickinson and Company COM | 0.42% | 0.82% | 0.42% |
 AMGNAmgen Inc. COM | 0.42% | 3.68% | 0.42% |
 DGXQuest Diagnostics Incorporated COM | 0.42% | 0.44% | 0.42% |
 MDTMedtronic PLC USD0.0001 | 0.42% | 1.86% | 0.42% |
 ABTAbbott Laboratories COM | 0.41% | 3.17% | 0.41% |
Frequently Asked Questions
How much do FVD and XLV overlap?
FVD and XLV overlap by 5.6% of portfolio weight. They share 13 holdings (FVD holds 236 positions and XLV holds 61), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and XLV?
The two portfolios are 5.6% 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 XLV?
The largest positions held by both funds are BMY, ABBV, PFE, MRK and JNJ. Together the top 10 shared positions account for 78% of the total overlap.
What does FVD own that XLV doesn't?
223 positions (94.2% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 48 positions (58.4% of XLV) are unique to XLV.