SPHD vs FDVV: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
FDVVFidelity High Dividend ETF
Fidelity · 96 holdings · $10.4B · as of 2026-04-30
Holdings snapshots are 31 days apart (SPHD: 2026-05-31, FDVV: 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 FDVV?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; Fidelity High Dividend ETF (FDVV, by Fidelity) holds 96. They have 20 holdings in common, and by portfolio weight the two funds are 15.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20SPHD holds 49 · FDVV holds 96
- Weight in Shared Holdings
- SPHD 44%·FDVV 16%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
29 of 49 positions (55.0% of the fund) are not held by FDVV.
Sector Breakdown
| Sector | SPHD | FDVV |
|---|---|---|
| Information Technology | 0.0% | 26.7% |
| Real Estate | 21.2% | 8.9% |
| Financials | 16.0% | 19.0% |
| Consumer Staples | 18.1% | 11.3% |
| Utilities | 13.8% | 9.2% |
| Other Sectors | 30.2% | 23.5% |
| Unclassified | 0.0% | 1.1% |
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. “Unclassified” is weight we could not classify (0% of SPHD, 1% of FDVV).
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% |
| FDVV | +3.8% | +15.1% | +22.8% | +19.9% | +14.6% | — | 2.69% |
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 FDVV →
Shared Holdings(20)
The top 10 shared positions account for 77% of the overlap, led by MO, USB and TFC.
 MOAltria Group, Inc. COM | 3.43% | 1.70% | 1.70% |
|---|---|---|---|
 USBU.S. Bancorp. COM NEW | 1.61% | 1.34% | 1.34% |
 TFCTruist Financial Corp. COM | 1.74% | 1.28% | 1.28% |
 KHCThe Kraft Heinz Co. COM | 3.01% | 1.28% | 1.28% |
 PRUPrudential Financial, Inc. COM | 1.87% | 1.26% | 1.26% |
 DUKDuke Energy Corp COM NEW | 1.58% | 1.20% | 1.20% |
 EXCExelon Corp. COM | 1.59% | 1.11% | 1.11% |
 ESEversource Energy COM | 1.82% | 1.06% | 1.06% |
 ORealty Income Corporation COM | 2.42% | 0.90% | 0.90% |
 PSAPublic Storage COM | 2.07% | 0.89% | 0.89% |
 CCICrown Castle Inc. COM | 2.39% | 0.87% | 0.87% |
 VICIVICI Properties, Inc., Class A | 2.66% | 0.84% | 0.84% |
 DOCHealthpeak Properties Inc COM | 3.22% | 0.77% | 0.77% |
 PFEPfizer Inc. COM | 2.98% | 0.30% | 0.30% |
 BMYBristol-Myers Squibb Company COM | 2.06% | 0.29% | 0.29% |
 PAYXPaychex Inc COM | 1.45% | 0.19% | 0.19% |
 VZVerizon Communications Inc. COM | 3.47% | 0.14% | 0.14% |
 TAT and T INC | 2.01% | 0.13% | 0.13% |
 CMCSAComcast Corporation CL A | 1.60% | 0.08% | 0.08% |
 OMCOmnicom Group Inc COM | 1.42% | 0.04% | 0.04% |
Frequently Asked Questions
How much do SPHD and FDVV overlap?
SPHD and FDVV overlap by 15.7% of portfolio weight. They share 20 holdings (SPHD holds 49 positions and FDVV holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and FDVV?
The two portfolios are 15.7% 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 SPHD and FDVV?
The largest positions held by both funds are MO, USB, TFC, KHC and PRU. Together the top 10 shared positions account for 77% of the total overlap.
What does SPHD own that FDVV doesn't?
29 positions (55.0% of SPHD) are unique to SPHD, led by BEN, OKE and KIM. In the other direction, 76 positions (84.1% of FDVV) are unique to FDVV.