KRE vs SPHD: Holdings Overlap
KREState Street® SPDR® S&P® Regional Banking ETF
State Street (SPDR) · 158 holdings · $4.5B · as of 2026-08-06
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
Holdings snapshots are 67 days apart (KRE: 2026-08-06, 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 KRE and SPHD?
State Street® SPDR® S&P® Regional Banking ETF (KRE, by State Street (SPDR)) holds 158 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 3 holdings in common, and by portfolio weight the two funds are 4.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3KRE holds 158 · SPHD holds 49
- Weight in Shared Holdings
- KRE 4%·SPHD 5%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 KRE
155 of 158 positions (95.2% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | KRE | SPHD |
|---|---|---|
| Financials | 97.7% | 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% |
| Unclassified | 1.5% | 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 (2% of KRE, 0% of SPHD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KRE | +1.5% | +19.0% | +32.6% | +19.1% | +5.9% | +9.0% | 2.10% |
| 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 KRE vs SPHD →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by RF, TFC and HBAN.
Frequently Asked Questions
How much do KRE and SPHD overlap?
KRE and SPHD overlap by 4.0% of portfolio weight. They share 3 holdings (KRE holds 158 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KRE and SPHD?
The two portfolios are 4.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of KRE and SPHD?
The largest positions held by both funds are RF, TFC and HBAN. Together the top 3 shared positions account for 100% of the total overlap.
What does KRE own that SPHD doesn't?
155 positions (95.2% of KRE) are unique to KRE, led by CFR, PNFP and BPOP. In the other direction, 46 positions (94.8% of SPHD) are unique to SPHD.