SPHD vs KNG: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
KNGFT Vest S&P 500 Dividend Aristocrats Target Income ETF
First Trust · 69 holdings · $3.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (SPHD: 2026-05-31, KNG: 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 KNG?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG, by First Trust) holds 69. They have 11 holdings in common, and by portfolio weight the two funds are 15.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SPHD holds 49 · KNG holds 69
- Weight in Shared Holdings
- SPHD 22%·KNG 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
38 of 49 positions (77.5% of the fund) are not held by KNG. Showing the top 30 by weight.
Only in KNG
58 of 69 positions (84.0% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | KNG |
|---|---|---|
| Consumer Staples | 18.1% | 23.5% |
| Industrials | 1.4% | 21.8% |
| Real Estate | 21.2% | 4.4% |
| Financials | 16.0% | 12.7% |
| Utilities | 13.8% | 6.1% |
| Other Sectors | 28.8% | 31.6% |
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% |
| KNG | +1.6% | +11.1% | +13.7% | +7.8% | +6.0% | — | 8.10% |
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 KNG →
Shared Holdings(11)
The top 10 shared positions account for 93% of the overlap, led by BEN, ES and XOM.
 BENFranklin Resources Inc. COM | 2.80% | 1.60% | 1.60% |
|---|---|---|---|
 ESEversource Energy COM | 1.82% | 1.54% | 1.54% |
 XOMExxon Mobil Corp. COM | 1.54% | 1.51% | 1.51% |
 CVXChevron Corp. COM | 2.09% | 1.51% | 1.51% |
 TROWPrice T Rowe Group Inc. COM | 2.08% | 1.51% | 1.51% |
 KMBKimberly-Clark Corporation COM | 2.08% | 1.48% | 1.48% |
 HRLHormel Foods Corp COM | 1.98% | 1.47% | 1.47% |
 ORealty Income Corporation COM | 2.42% | 1.46% | 1.46% |
 CLXThe Clorox Company COM | 1.69% | 1.41% | 1.41% |
 AMCRAmcor PLC COM NEW | 2.40% | 1.35% | 1.35% |
 GPCGenuine Parts Co COM | 1.03% | 1.36% | 1.03% |
Frequently Asked Questions
How much do SPHD and KNG overlap?
SPHD and KNG overlap by 15.9% of portfolio weight. They share 11 holdings (SPHD holds 49 positions and KNG holds 69), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and KNG?
The two portfolios are 15.9% 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 KNG?
The largest positions held by both funds are BEN, ES, XOM, CVX and TROW. Together the top 10 shared positions account for 93% of the total overlap.
What does SPHD own that KNG doesn't?
38 positions (77.5% of SPHD) are unique to SPHD, led by VZ, MO and DOC. In the other direction, 58 positions (84.0% of KNG) are unique to KNG.