SPGP vs SPY: Holdings Overlap
Invesco · 73 holdings · $2.3B · 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 (SPGP: 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 SPGP and SPY?
Invesco S&P 500 GARP ETF (SPGP, by Invesco) holds 73 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 72 holdings in common, and by portfolio weight the two funds are 15.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 72SPGP holds 73 · SPY holds 504
- Weight in Shared Holdings
- SPGP 98%·SPY 28%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
Sector Breakdown
| Sector | SPGP | SPY |
|---|---|---|
| Information Technology | 18.0% | 37.6% |
| Financials | 25.7% | 12.3% |
| Industrials | 18.1% | 8.8% |
| Consumer Discretionary | 18.0% | 9.3% |
| Communication Services | 6.6% | 9.7% |
| Other Sectors | 13.6% | 22.3% |
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 |
|---|---|---|---|---|---|---|---|
| SPGP | +3.2% | +13.3% | +20.4% | +12.0% | +8.3% | +15.2% | 0.79% |
| 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 SPGP vs SPY →
Shared Holdings(72)
The top 10 shared positions account for 65% of the overlap, led by NVDA, GOOG and LLY.
 NVDANVIDIA Corp. COM | 2.72% | 8.00% | 2.72% |
|---|---|---|---|
 GOOGAlphabet Inc. CAP STK CL C | 1.15% | 2.54% | 1.15% |
 LLYEli Lilly & Co. COM | 1.11% | 1.42% | 1.11% |
 METAMeta Platforms, Inc., Class A | 1.02% | 1.95% | 1.02% |
 VVisa, Inc., Class A | 0.97% | 0.93% | 0.93% |
 MSFTMicrosoft Corp. COM | 0.78% | 5.60% | 0.78% |
 MAMasterCard Incorporated CL A | 1.04% | 0.70% | 0.70% |
 CATCaterpillar Inc COM | 1.45% | 0.59% | 0.59% |
 NFLXNetflix, Inc. COM | 0.92% | 0.47% | 0.47% |
 KLACKLA Corp. COM NEW | 1.38% | 0.38% | 0.38% |
 ANETArista Networks Inc COM SHS | 2.60% | 0.30% | 0.30% |
 AXPAmerican Express Company COM | 1.13% | 0.28% | 0.28% |
 DISWalt Disney Company COM | 1.15% | 0.27% | 0.27% |
 UBERUber Technologies Inc COM | 2.17% | 0.22% | 0.22% |
 PHParker-Hannifin Corp. COM | 0.98% | 0.20% | 0.20% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.00% | 0.19% | 0.19% |
 PGRThe Progressive Corporation COM | 1.14% | 0.19% | 0.19% |
 TTTrane Technologies PLC COM USD1 | 1.32% | 0.16% | 0.16% |
 ADBEAdobe Inc COM | 0.87% | 0.16% | 0.16% |
 PNCPNC Financial Services Group, Inc. (The) | 1.31% | 0.15% | 0.15% |
 FTNTFortinet Inc COM | 1.69% | 0.15% | 0.15% |
 USBU.S. Bancorp. COM NEW | 1.18% | 0.15% | 0.15% |
 APPAppLovin Corp., Class A | 1.36% | 0.14% | 0.14% |
 CMICummins Inc. COM | 1.38% | 0.13% | 0.13% |
 TRVTravelers Companies, Inc. COM | 1.04% | 0.12% | 0.12% |
Frequently Asked Questions
How much do SPGP and SPY overlap?
SPGP and SPY overlap by 15.3% of portfolio weight. They share 72 holdings (SPGP holds 73 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPGP and SPY?
The two portfolios are 15.3% 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 SPGP and SPY?
The largest positions held by both funds are NVDA, GOOG, LLY, META and V. Together the top 10 shared positions account for 65% of the total overlap.
What does SPGP own that SPY doesn't?
1 positions (2.0% of SPGP) are unique to SPGP, led by CCL. In the other direction, 432 positions (71.9% of SPY) are unique to SPY.