RSP vs SPY: Holdings Overlap
RSPInvesco S&P 500 Equal Weight ETF
Invesco · 504 holdings · $97.5B · 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 (RSP: 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 RSP and SPY?
Invesco S&P 500 Equal Weight ETF (RSP, by Invesco) holds 504 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 494 holdings in common, and by portfolio weight the two funds are 44.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 44.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 494RSP holds 504 · SPY holds 504
- Weight in Shared Holdings
- RSP 98%·SPY 98%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 RSP
10 of 504 positions (1.9% of the fund) are not held by SPY.
Sector Breakdown
| Sector | RSP | SPY |
|---|---|---|
| Information Technology | 15.9% | 37.6% |
| Industrials | 15.5% | 8.8% |
| Financials | 15.5% | 12.3% |
| Health Care | 10.9% | 8.9% |
| Communication Services | 4.0% | 9.7% |
| Other Sectors | 37.8% | 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 |
|---|---|---|---|---|---|---|---|
| RSP | +2.5% | +15.8% | +22.4% | +14.8% | +9.2% | +12.0% | 1.46% |
| 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 RSP vs SPY →
Shared Holdings(494)
The top 10 shared positions account for 6% of the overlap, led by INTC, AMD and STX.
 INTCIntel Corporation COM | 0.38% | 0.71% | 0.38% |
|---|---|---|---|
 AMDAdvanced Micro Devices Inc. COM | 0.33% | 1.20% | 0.33% |
 STXSeagate Technology Holdings PLC ORD SHS | 0.34% | 0.29% | 0.29% |
 SNDKSandisk Corporation COM | 0.32% | 0.28% | 0.28% |
 TXNTexas Instruments Inc. COM | 0.27% | 0.38% | 0.27% |
 QCOMQUALCOMM Inc. COM | 0.26% | 0.25% | 0.25% |
 UNHUnitedHealth Group Inc. COM | 0.25% | 0.55% | 0.25% |
 GEVGE Vernova Inc. COM | 0.25% | 0.41% | 0.25% |
 ADIAnalog Devices Inc. COM | 0.24% | 0.28% | 0.24% |
 CATCaterpillar Inc COM | 0.24% | 0.59% | 0.24% |
 ANETArista Networks Inc COM SHS | 0.24% | 0.30% | 0.24% |
 AMZNAmazon.com, Inc. COM | 0.24% | 4.02% | 0.24% |
 MUMicron Technology Inc. COM | 0.24% | 1.50% | 0.24% |
 AVGOBroadcom Inc COM | 0.23% | 3.00% | 0.23% |
 WDCWestern Digital Corp. COM | 0.31% | 0.23% | 0.23% |
 ETNEaton Corporation PLC COM USD0.01 | 0.23% | 0.26% | 0.23% |
 MSMorgan Stanley COM NEW | 0.23% | 0.39% | 0.23% |
 KLACKLA Corp. COM NEW | 0.23% | 0.38% | 0.23% |
 LRCXLam Research Corporation COM NEW | 0.23% | 0.58% | 0.23% |
 CCitigroup Inc. COM NEW | 0.23% | 0.34% | 0.23% |
 CSCOCisco Systems, Inc. COM | 0.22% | 0.72% | 0.22% |
 AMATApplied Materials Inc. COM | 0.22% | 0.63% | 0.22% |
 GSGoldman Sachs Group, Inc. (The) | 0.22% | 0.46% | 0.22% |
 BLKBlackrock Inc. COM | 0.22% | 0.25% | 0.22% |
 BACBank of America Corp. COM | 0.21% | 0.62% | 0.21% |
Showing the top 250 of 494 shared holdings by overlap weight.
Frequently Asked Questions
How much do RSP and SPY overlap?
RSP and SPY overlap by 44.1% of portfolio weight. They share 494 holdings (RSP holds 504 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RSP and SPY?
The two portfolios are 44.1% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of RSP and SPY?
The largest positions held by both funds are INTC, AMD, STX, SNDK and TXN. Together the top 10 shared positions account for 6% of the total overlap.
What does RSP own that SPY doesn't?
10 positions (1.9% of RSP) are unique to RSP, led by CTRA, CCL and XOM. In the other direction, 10 positions (1.7% of SPY) are unique to SPY.