SDY vs SPY: Holdings Overlap
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · 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 SDY and SPY?
State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 102 holdings in common, and by portfolio weight the two funds are 14.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 102SDY holds 154 · SPY holds 504
- Weight in Shared Holdings
- SDY 85%·SPY 20%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
52 of 154 positions (14.4% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SDY | SPY |
|---|---|---|
| Information Technology | 7.9% | 37.6% |
| Industrials | 18.7% | 8.8% |
| Consumer Staples | 15.2% | 4.5% |
| Utilities | 13.2% | 2.0% |
| Financials | 12.5% | 12.3% |
| Other Sectors | 32.4% | 34.7% |
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% |
| 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 SDY vs SPY →
Shared Holdings(102)
The top 10 shared positions account for 40% of the overlap, led by XOM, JNJ and ABBV.
 XOMEXXONMOBIL HOLDINGS CORP | 1.29% | 0.97% | 0.97% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 0.91% | 0.93% | 0.91% |
 ABBVAbbVie Inc. COM | 1.13% | 0.65% | 0.65% |
 MSFTMicrosoft Corp. COM | 0.53% | 5.60% | 0.53% |
 CVXChevron Corp. COM | 1.80% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 1.25% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 1.18% | 0.51% | 0.51% |
 WMTWalmart Inc COM | 0.38% | 0.74% | 0.38% |
 TXNTexas Instruments Inc. COM | 0.77% | 0.38% | 0.38% |
 LINLinde PLC COM EUR0.001 | 0.51% | 0.34% | 0.34% |
 IBMInternational Business Machines Corp. COM | 1.17% | 0.33% | 0.33% |
 MCDMcDonald's Corp. COM | 1.23% | 0.30% | 0.30% |
 VZVerizon Communications Inc. COM | 3.03% | 0.30% | 0.30% |
 PEPPepsico Inc COM | 1.91% | 0.29% | 0.29% |
 ABTAbbott Laboratories COM | 1.27% | 0.28% | 0.28% |
 ADIAnalog Devices Inc. COM | 0.46% | 0.28% | 0.28% |
 COSTCostco Wholesale Corporation COM | 0.28% | 0.63% | 0.28% |
 NEENextEra Energy Inc COM | 1.15% | 0.27% | 0.27% |
 QCOMQUALCOMM Inc. COM | 0.78% | 0.25% | 0.25% |
 CATCaterpillar Inc COM | 0.25% | 0.59% | 0.25% |
 CBChubb Ltd. Switzerland ORD CHF24.15 | 0.53% | 0.19% | 0.19% |
 SPGIS&P Global Inc COM | 0.38% | 0.19% | 0.19% |
 LOWLowes Companies, Inc. COM | 1.04% | 0.18% | 0.18% |
 LMTLockheed Martin Corporation COM | 1.31% | 0.18% | 0.18% |
 MDTMedtronic PLC USD0.0001 | 1.65% | 0.17% | 0.17% |
Frequently Asked Questions
How much do SDY and SPY overlap?
SDY and SPY overlap by 14.2% of portfolio weight. They share 102 holdings (SDY holds 154 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SDY and SPY?
The two portfolios are 14.2% 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 SPY?
The largest positions held by both funds are XOM, JNJ, ABBV, MSFT and CVX. Together the top 10 shared positions account for 40% of the total overlap.
What does SDY own that SPY doesn't?
52 positions (14.4% of SDY) are unique to SDY, led by RPM, CSL and GGG. In the other direction, 402 positions (79.6% of SPY) are unique to SPY.