KBWB vs SPYD: Holdings Overlap
Invesco · 24 holdings · $6.8B · as of 2026-05-31
SPYDState Street® SPDR® Portfolio S&P 500® High Dividend ETF
State Street (SPDR) · 80 holdings · $7.7B · as of 2026-08-06
Holdings snapshots are 67 days apart (KBWB: 2026-05-31, SPYD: 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 KBWB and SPYD?
Invesco KBW Bank ETF (KBWB, by Invesco) holds 24 positions; State Street® SPDR® Portfolio S&P 500® High Dividend ETF (SPYD, by State Street (SPDR)) holds 80. They have 5 holdings in common, and by portfolio weight the two funds are 6.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5KBWB holds 24 · SPYD holds 80
- Weight in Shared Holdings
- KBWB 17%·SPYD 6%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 (83.1% of the fund) are not held by SPYD.
Only in SPYD
75 of 80 positions (93.4% of the fund) are not held by KBWB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KBWB | SPYD |
|---|---|---|
| Financials | 99.8% | 14.0% |
| Real Estate | 0.0% | 24.3% |
| Consumer Staples | 0.0% | 15.0% |
| Utilities | 0.0% | 10.5% |
| Materials | 0.0% | 7.7% |
| Other Sectors | 0.0% | 28.0% |
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.
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% |
| SPYD | +2.8% | +17.9% | +21.3% | +14.3% | +9.3% | +8.7% | 4.07% |
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 SPYD →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by RF, TFC and USB.
Frequently Asked Questions
How much do KBWB and SPYD overlap?
KBWB and SPYD overlap by 6.1% of portfolio weight. They share 5 holdings (KBWB holds 24 positions and SPYD holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KBWB and SPYD?
The two portfolios are 6.1% 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 SPYD?
The largest positions held by both funds are RF, TFC, USB, KEY and HBAN. Together the top 5 shared positions account for 100% of the total overlap.
What does KBWB own that SPYD doesn't?
19 positions (83.1% of KBWB) are unique to KBWB, led by MS, GS and BAC. In the other direction, 75 positions (93.4% of SPYD) are unique to SPYD.