KBWB vs SPHD: Holdings Overlap
Invesco · 24 holdings · $6.8B · as of 2026-05-31
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
How similar are KBWB and SPHD?
Invesco KBW Bank ETF (KBWB, by Invesco) holds 24 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 5 holdings in common, and by portfolio weight the two funds are 7.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5KBWB holds 24 · SPHD holds 49
- Weight in Shared Holdings
- KBWB 18%·SPHD 8%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 KBWB
19 of 24 positions (82.1% of the fund) are not held by SPHD.
Sector Breakdown
| Sector | KBWB | SPHD |
|---|---|---|
| Financials | 99.8% | 16.0% |
| Real Estate | 0.0% | 21.2% |
| Consumer Staples | 0.0% | 18.1% |
| Utilities | 0.0% | 13.8% |
| Energy | 0.0% | 11.8% |
| Other Sectors | 0.0% | 18.4% |
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 |
|---|---|---|---|---|---|---|---|
| KBWB | +1.5% | +17.1% | +39.1% | +32.5% | +11.4% | +13.3% | 1.90% |
| 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 KBWB vs SPHD →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by TFC, USB and RF.
Frequently Asked Questions
How much do KBWB and SPHD overlap?
KBWB and SPHD overlap by 7.6% of portfolio weight. They share 5 holdings (KBWB holds 24 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBWB and SPHD?
The two portfolios are 7.6% 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 KBWB and SPHD?
The largest positions held by both funds are TFC, USB, RF, HBAN and FITB. Together the top 5 shared positions account for 100% of the total overlap.
What does KBWB own that SPHD doesn't?
19 positions (82.1% of KBWB) are unique to KBWB, led by MS, GS and BAC. In the other direction, 44 positions (91.8% of SPHD) are unique to SPHD.