SDY vs SPHD: Holdings Overlap
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · 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 (SDY: 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 SDY and SPHD?
State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 12 holdings in common, and by portfolio weight the two funds are 14.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12SDY holds 154 · SPHD holds 49
- Weight in Shared Holdings
- SDY 14%·SPHD 26%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
142 of 154 positions (85.5% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SDY | SPHD |
|---|---|---|
| Real Estate | 4.2% | 21.2% |
| Industrials | 18.7% | 1.4% |
| Consumer Staples | 15.2% | 18.1% |
| Financials | 12.5% | 16.0% |
| Utilities | 13.2% | 13.8% |
| Other Sectors | 36.1% | 28.8% |
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% |
| 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 SDY vs SPHD →
Shared Holdings(12)
The top 10 shared positions account for 95% of the overlap, led by VZ, O and CVX.
 VZVerizon Communications Inc. COM | 3.03% | 3.47% | 3.03% |
|---|---|---|---|
 ORealty Income Corporation COM | 2.15% | 2.42% | 2.15% |
 CVXChevron Corp. COM | 1.80% | 2.09% | 1.80% |
 KMBKimberly-Clark Corporation COM | 1.52% | 2.08% | 1.52% |
 ESEversource Energy COM | 1.10% | 1.82% | 1.10% |
 TROWPrice T Rowe Group Inc. COM | 1.00% | 2.08% | 1.00% |
 AMCRAmcor PLC COM NEW | 0.91% | 2.40% | 0.91% |
 EVRGEvergy Inc COM | 0.80% | 1.69% | 0.80% |
 GPCGenuine Parts Co COM | 0.75% | 1.03% | 0.75% |
 CLXThe Clorox Company COM | 0.53% | 1.69% | 0.53% |
 BENFranklin Resources Inc. COM | 0.45% | 2.80% | 0.45% |
 HRLHormel Foods Corp COM | 0.30% | 1.98% | 0.30% |
Frequently Asked Questions
How much do SDY and SPHD overlap?
SDY and SPHD overlap by 14.3% of portfolio weight. They share 12 holdings (SDY holds 154 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SDY and SPHD?
The two portfolios are 14.3% 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 SPHD?
The largest positions held by both funds are VZ, O, CVX, KMB and ES. Together the top 10 shared positions account for 95% of the total overlap.
What does SDY own that SPHD doesn't?
142 positions (85.5% of SDY) are unique to SDY, led by ACN, PEP and NKE. In the other direction, 37 positions (73.9% of SPHD) are unique to SPHD.