RWR vs SPY: Holdings Overlap
RWRState Street® SPDR® Dow Jones® REIT ETF
State Street (SPDR) · 97 holdings · $1.9B · as of 2026-08-06
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
How similar are RWR and SPY?
State Street® SPDR® Dow Jones® REIT ETF (RWR, by State Street (SPDR)) holds 97 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 23 holdings in common, and by portfolio weight the two funds are 1.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23RWR holds 97 · SPY holds 504
- Weight in Shared Holdings
- RWR 70%·SPY 1%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 RWR
74 of 97 positions (29.5% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | RWR | SPY |
|---|---|---|
| Real Estate | 99.0% | 1.8% |
| Information Technology | 0.0% | 37.6% |
| Financials | 0.0% | 12.3% |
| Communication Services | 0.0% | 9.7% |
| Consumer Discretionary | 0.0% | 9.3% |
| Other Sectors | 0.0% | 29.2% |
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 |
|---|---|---|---|---|---|---|---|
| RWR | -0.8% | +18.6% | +23.5% | +11.8% | +4.3% | +4.9% | 3.29% |
| 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 RWR vs SPY →
Shared Holdings(23)
The top 10 shared positions account for 81% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 10.87% | 0.25% | 0.25% |
|---|---|---|---|
 PLDPrologis Inc. COM | 9.45% | 0.20% | 0.20% |
 EQIXEquinix, Inc. COM | 4.44% | 0.16% | 0.16% |
 SPGSimon Property Group Inc COM | 4.57% | 0.11% | 0.11% |
 DLRDigital Realty Trust Inc. COM | 4.91% | 0.10% | 0.10% |
 ORealty Income Corporation COM | 4.40% | 0.09% | 0.09% |
 PSAPublic Storage COM | 4.70% | 0.08% | 0.08% |
 VTRVentas Inc. COM | 4.17% | 0.07% | 0.07% |
 EXRExtra Space Storage Inc. COM | 2.93% | 0.05% | 0.05% |
 AVBAvalonBay Communities, Inc. COM | 2.41% | 0.04% | 0.04% |
 EQREquity Residential SH BEN INT | 2.11% | 0.03% | 0.03% |
 ESSEssex Property Trust, Inc. COM | 1.70% | 0.03% | 0.03% |
 INVHInvitation Homes Inc. COM | 1.54% | 0.03% | 0.03% |
 KIMKimco Realty Corporation COM | 1.53% | 0.02% | 0.02% |
 MAAMid-America Apartment Communities, Inc. COM | 1.44% | 0.02% | 0.02% |
 HSTHost Hotels & Resorts Inc COM | 1.38% | 0.02% | 0.02% |
 DOCHealthpeak Properties Inc COM | 1.35% | 0.02% | 0.02% |
 REGRegency Centers Corp. COM | 1.18% | 0.02% | 0.02% |
 UDRUDR Inc COM | 1.05% | 0.02% | 0.02% |
 CPTCamden Property Trust SH BEN INT | 1.03% | 0.02% | 0.02% |
 BXPBXP Inc COM | 0.95% | 0.02% | 0.02% |
 FRTFederal Realty Investment Trust SH BEN INT NEW | 0.86% | 0.01% | 0.01% |
 AREAlexandria Real Estate Equities, Inc. COM | 0.71% | 0.01% | 0.01% |
Frequently Asked Questions
How much do RWR and SPY overlap?
RWR and SPY overlap by 1.4% of portfolio weight. They share 23 holdings (RWR holds 97 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RWR and SPY?
The two portfolios are 1.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of RWR and SPY?
The largest positions held by both funds are WELL, PLD, EQIX, SPG and DLR. Together the top 10 shared positions account for 81% of the total overlap.
What does RWR own that SPY doesn't?
74 positions (29.5% of RWR) are unique to RWR, led by WPC, OHI and SUI. In the other direction, 481 positions (98.5% of SPY) are unique to SPY.