SDY vs DLN: Holdings Overlap
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · as of 2026-08-06
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · as of 2026-03-31
Holdings snapshots are 128 days apart (SDY: 2026-08-06, DLN: 2026-03-31). 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 SDY and DLN?
State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154 positions; WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309. They have 70 holdings in common, and by portfolio weight the two funds are 23.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 70SDY holds 154 · DLN holds 309
- Weight in Shared Holdings
- SDY 63%·DLN 29%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 SDY
84 of 154 positions (36.8% of the fund) are not held by DLN. Showing the top 30 by weight.
Sector Breakdown
| Sector | SDY | DLN |
|---|---|---|
| Industrials | 18.7% | 8.6% |
| Information Technology | 7.9% | 17.8% |
| Financials | 12.5% | 17.6% |
| Consumer Staples | 15.2% | 9.5% |
| Health Care | 8.4% | 13.4% |
| Other Sectors | 37.1% | 33.1% |
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 |
|---|---|---|---|---|---|---|---|
| SDY | +1.4% | +14.8% | +16.9% | +10.8% | +7.8% | +9.4% | 2.36% |
| DLN | +3.0% | +15.4% | +22.8% | +18.3% | +12.7% | +12.7% | 1.71% |
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 SDY vs DLN →
Shared Holdings(70)
The top 10 shared positions account for 49% of the overlap, led by CVX, VZ and PG.
 CVXChevron Corp. COM | 1.80% | 2.27% | 1.80% |
|---|---|---|---|
 VZVerizon Communications Inc. COM | 3.03% | 1.33% | 1.33% |
 PGThe Procter & Gamble Co. COM | 1.25% | 1.37% | 1.25% |
 KOCoca-Cola Co (The) COM | 1.18% | 1.34% | 1.18% |
 PEPPepsico Inc COM | 1.91% | 1.17% | 1.17% |
 ABBVAbbVie Inc. COM | 1.13% | 1.63% | 1.13% |
 IBMInternational Business Machines Corp. COM | 1.17% | 0.92% | 0.92% |
 JNJJohnson & Johnson COM | 0.91% | 2.11% | 0.91% |
 TXNTexas Instruments Inc. COM | 0.77% | 0.78% | 0.77% |
 MCDMcDonald's Corp. COM | 1.23% | 0.76% | 0.76% |
 NEENextEra Energy Inc COM | 1.15% | 0.72% | 0.72% |
 LMTLockheed Martin Corporation COM | 1.31% | 0.61% | 0.61% |
 MSFTMicrosoft Corp. COM | 0.53% | 2.96% | 0.53% |
 SOSouthern Co. (The) | 1.32% | 0.51% | 0.51% |
 ABTAbbott Laboratories COM | 1.27% | 0.48% | 0.48% |
 QCOMQUALCOMM Inc. COM | 0.78% | 0.38% | 0.38% |
 WMTWalmart Inc COM | 0.38% | 1.14% | 0.38% |
 LOWLowes Companies, Inc. COM | 1.04% | 0.37% | 0.37% |
 ORealty Income Corporation COM | 2.15% | 0.35% | 0.35% |
 GDGeneral Dynamics Corporation COM | 0.80% | 0.35% | 0.35% |
 TGTTarget Corp. COM | 1.59% | 0.33% | 0.33% |
 ADIAnalog Devices Inc. COM | 0.46% | 0.32% | 0.32% |
 ADPAutomatic Data Processing, Inc. COM | 1.46% | 0.29% | 0.29% |
 ITWIllinois Tool Works Inc. COM | 1.09% | 0.28% | 0.28% |
 COSTCostco Wholesale Corporation COM | 0.28% | 0.35% | 0.28% |
Frequently Asked Questions
How much do SDY and DLN overlap?
SDY and DLN overlap by 23.1% of portfolio weight. They share 70 holdings (SDY holds 154 positions and DLN holds 309), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SDY and DLN?
The two portfolios are 23.1% 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 SDY and DLN?
The largest positions held by both funds are CVX, VZ, PG, KO and PEP. Together the top 10 shared positions account for 49% of the total overlap.
What does SDY own that DLN doesn't?
84 positions (36.8% of SDY) are unique to SDY, led by ACN, MDT and KVUE. In the other direction, 239 positions (70.9% of DLN) are unique to DLN.