HDV vs SPHD: Holdings Overlap
HDViShares Core High Dividend ETF
iShares · 75 holdings · $14.9B · as of 2026-04-30
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (HDV: 2026-04-30, SPHD: 2026-05-31). 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 HDV and SPHD?
iShares Core High Dividend ETF (HDV, by iShares) holds 75 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 16 holdings in common, and by portfolio weight the two funds are 17.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16HDV holds 75 · SPHD holds 49
- Weight in Shared Holdings
- HDV 29%·SPHD 30%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 HDV
59 of 75 positions (70.5% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | HDV | SPHD |
|---|---|---|
| Consumer Staples | 24.0% | 18.1% |
| Energy | 22.2% | 11.8% |
| Real Estate | 0.0% | 21.2% |
| Health Care | 16.4% | 5.0% |
| Financials | 11.0% | 16.0% |
| Other Sectors | 26.1% | 27.2% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| HDV | +2.8% | +20.2% | +24.7% | +15.7% | +12.1% | +9.6% | 3.06% |
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
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 HDV vs SPHD →
Shared Holdings(16)
The top 10 shared positions account for 86% of the overlap, led by MO, CVX and USB.
 MOAltria Group, Inc. COM | 3.70% | 3.43% | 3.43% |
|---|---|---|---|
 CVXChevron Corp. COM | 6.42% | 2.09% | 2.09% |
 USBU.S. Bancorp. COM NEW | 1.68% | 1.61% | 1.61% |
 DUKDuke Energy Corp COM NEW | 1.57% | 1.58% | 1.57% |
 XOMExxon Mobil Corp. COM | 8.42% | 1.54% | 1.54% |
 WMBWilliams Companies Inc. (The) COM | 1.21% | 1.60% | 1.21% |
 EOGEOG Resources Inc. COM | 1.14% | 1.98% | 1.14% |
 KMIKinder Morgan, Inc. COM | 1.09% | 1.96% | 1.09% |
 KMBKimberly-Clark Corporation COM | 0.77% | 2.08% | 0.77% |
 PAYXPaychex Inc COM | 0.63% | 1.45% | 0.63% |
 TROWPrice T Rowe Group Inc. COM | 0.60% | 2.08% | 0.60% |
 DTEDTE Energy Co. COM | 0.47% | 1.53% | 0.47% |
 RFRegions Financial Corporation COM | 0.47% | 1.58% | 0.47% |
 FEFirstEnergy Corp. COM | 0.41% | 1.64% | 0.41% |
 EVRGEvergy Inc COM | 0.31% | 1.69% | 0.31% |
 CLXThe Clorox Company COM | 0.25% | 1.69% | 0.25% |
Frequently Asked Questions
How much do HDV and SPHD overlap?
HDV and SPHD overlap by 17.6% of portfolio weight. They share 16 holdings (HDV holds 75 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both HDV and SPHD?
The two portfolios are 17.6% 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 HDV and SPHD?
The largest positions held by both funds are MO, CVX, USB, DUK and XOM. Together the top 10 shared positions account for 86% of the total overlap.
What does HDV own that SPHD doesn't?
59 positions (70.5% of HDV) are unique to HDV, led by JNJ, ABBV and PG. In the other direction, 33 positions (69.9% of SPHD) are unique to SPHD.