SPHD vs DVY: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
DVYiShares Select Dividend ETF
iShares · 100 holdings · $23.8B · as of 2026-04-30
Holdings snapshots are 31 days apart (SPHD: 2026-05-31, DVY: 2026-04-30). 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 SPHD and DVY?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; iShares Select Dividend ETF (DVY, by iShares) holds 100. They have 30 holdings in common, and by portfolio weight the two funds are 39.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 39.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 30SPHD holds 49 · DVY holds 100
- Weight in Shared Holdings
- SPHD 59%·DVY 40%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 SPHD
19 of 49 positions (40.6% of the fund) are not held by DVY.
Sector Breakdown
| Sector | SPHD | DVY |
|---|---|---|
| Financials | 16.0% | 24.9% |
| Utilities | 13.8% | 24.2% |
| Real Estate | 21.2% | 0.0% |
| Consumer Staples | 18.1% | 13.5% |
| Energy | 11.8% | 9.0% |
| Other Sectors | 18.4% | 28.2% |
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 |
|---|---|---|---|---|---|---|---|
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
| DVY | +1.3% | +16.5% | +23.7% | +16.0% | +10.6% | +10.3% | 3.25% |
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 SPHD vs DVY →
Shared Holdings(30)
The top 10 shared positions account for 45% of the overlap, led by MO, PFE and TROW.
 MOAltria Group, Inc. COM | 3.43% | 2.29% | 2.29% |
|---|---|---|---|
 PFEPfizer Inc. COM | 2.98% | 2.22% | 2.22% |
 TROWPrice T Rowe Group Inc. COM | 2.08% | 2.02% | 2.02% |
 VZVerizon Communications Inc. COM | 3.47% | 1.85% | 1.85% |
 PRUPrudential Financial, Inc. COM | 1.87% | 1.84% | 1.84% |
 OKEOneok Inc. COM | 2.64% | 1.83% | 1.83% |
 GISGeneral Mills, Inc. COM | 1.70% | 1.52% | 1.52% |
 KMBKimberly-Clark Corporation COM | 2.08% | 1.51% | 1.51% |
 TFCTruist Financial Corp. COM | 1.74% | 1.43% | 1.43% |
 DDominion Energy Inc COM | 2.13% | 1.43% | 1.43% |
 CVXChevron Corp. COM | 2.09% | 1.38% | 1.38% |
 ESEversource Energy COM | 1.82% | 1.38% | 1.38% |
 USBU.S. Bancorp. COM NEW | 1.61% | 1.27% | 1.27% |
 EOGEOG Resources Inc. COM | 1.98% | 1.25% | 1.25% |
 PFGPrincipal Financial Group Inc. COM | 1.69% | 1.24% | 1.24% |
 RFRegions Financial Corporation COM | 1.58% | 1.24% | 1.24% |
 TAT&T Inc COM | 2.01% | 1.23% | 1.23% |
 CMCSAComcast Corporation CL A | 1.60% | 1.22% | 1.22% |
 FEFirstEnergy Corp. COM | 1.64% | 1.19% | 1.19% |
 HBANHuntington Bancshares Incorporated COM | 1.33% | 1.18% | 1.18% |
 OMCOmnicom Group Inc COM | 1.42% | 1.18% | 1.18% |
 EXCExelon Corp. COM | 1.59% | 1.13% | 1.13% |
 DTEDTE Energy Co. COM | 1.53% | 1.11% | 1.11% |
 FITBFifth Third Bancorp COM | 1.32% | 1.05% | 1.05% |
 GPCGenuine Parts Co COM | 1.03% | 1.14% | 1.03% |
Frequently Asked Questions
How much do SPHD and DVY overlap?
SPHD and DVY overlap by 39.9% of portfolio weight. They share 30 holdings (SPHD holds 49 positions and DVY holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and DVY?
The two portfolios are 39.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPHD and DVY?
The largest positions held by both funds are MO, PFE, TROW, VZ and PRU. Together the top 10 shared positions account for 45% of the total overlap.
What does SPHD own that DVY doesn't?
19 positions (40.6% of SPHD) are unique to SPHD, led by DOC, KHC and VICI. In the other direction, 70 positions (59.8% of DVY) are unique to DVY.