PRF vs SPY: Holdings Overlap
Invesco · 1003 holdings · $10.0B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (PRF: 2026-04-30, SPY: 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 PRF and SPY?
Invesco RAFI US 1000 ETF (PRF, by Invesco) holds 1003 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 481 holdings in common, and by portfolio weight the two funds are 61.2% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 61.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 481PRF holds 1003 · SPY holds 504
- Weight in Shared Holdings
- PRF 86%·SPY 96%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 PRF
522 of 1003 positions (13.7% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | PRF | SPY |
|---|---|---|
| Information Technology | 20.1% | 37.6% |
| Financials | 16.1% | 12.3% |
| Health Care | 11.7% | 8.9% |
| Communication Services | 10.2% | 9.7% |
| Industrials | 9.5% | 8.8% |
| Other Sectors | 32.4% | 22.6% |
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 |
|---|---|---|---|---|---|---|---|
| PRF | +2.9% | +20.0% | +33.4% | +20.5% | +13.5% | +13.8% | 1.33% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 PRF vs SPY →
Shared Holdings(481)
The top 10 shared positions account for 30% of the overlap, led by AAPL, GOOGL and AMZN.
 AAPLApple Inc. COM | 4.08% | 6.92% | 4.08% |
|---|---|---|---|
 GOOGLAlphabet Inc. CAP STK CL A | 4.79% | 3.16% | 3.16% |
 AMZNAmazon.com, Inc. COM | 2.32% | 4.02% | 2.32% |
 MSFTMicrosoft Corp. COM | 2.17% | 5.60% | 2.17% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.69% | 1.45% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 1.55% | 1.44% | 1.44% |
 METAMeta Platforms, Inc., Class A | 1.42% | 1.95% | 1.42% |
 JNJJohnson & Johnson COM | 1.09% | 0.93% | 0.93% |
 MUMicron Technology Inc. COM | 0.90% | 1.50% | 0.90% |
 WMTWalmart Inc COM | 0.94% | 0.74% | 0.74% |
 CSCOCisco Systems, Inc. COM | 0.76% | 0.72% | 0.72% |
 INTCIntel Corporation COM | 2.62% | 0.71% | 0.71% |
 AVGOBroadcom Inc COM | 0.66% | 3.00% | 0.66% |
 BACBank of America Corp. COM | 1.13% | 0.62% | 0.62% |
 CATCaterpillar Inc COM | 0.58% | 0.59% | 0.58% |
 NVDANVIDIA Corp. COM | 0.56% | 8.00% | 0.56% |
 UNHUnitedHealth Group Inc. COM | 1.17% | 0.55% | 0.55% |
 CVXChevron Corp. COM | 1.33% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 0.66% | 0.52% | 0.52% |
 ABBVAbbVie Inc. COM | 0.49% | 0.65% | 0.49% |
 MRKMerck & Co., Inc COM | 0.69% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 0.58% | 0.46% | 0.46% |
 HDHome Depot, Inc. (The) | 0.45% | 0.52% | 0.45% |
 AMDAdvanced Micro Devices Inc. COM | 0.45% | 1.20% | 0.45% |
 COSTCostco Wholesale Corporation COM | 0.45% | 0.63% | 0.45% |
Showing the top 250 of 481 shared holdings by overlap weight.
Frequently Asked Questions
How much do PRF and SPY overlap?
PRF and SPY overlap by 61.2% of portfolio weight. They share 481 holdings (PRF holds 1003 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PRF and SPY?
The two portfolios are 61.2% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of PRF and SPY?
The largest positions held by both funds are AAPL, GOOGL, AMZN, MSFT and BRK-B. Together the top 10 shared positions account for 30% of the total overlap.
What does PRF own that SPY doesn't?
522 positions (13.7% of PRF) are unique to PRF, led by XOM, HON and OVV. In the other direction, 23 positions (4.4% of SPY) are unique to SPY.