SPHD vs SPYD: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
SPYDState Street® SPDR® Portfolio S&P 500® High Dividend ETF
State Street (SPDR) · 80 holdings · $7.7B · as of 2026-08-06
Holdings snapshots are 67 days apart (SPHD: 2026-05-31, SPYD: 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 SPHD and SPYD?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; State Street® SPDR® Portfolio S&P 500® High Dividend ETF (SPYD, by State Street (SPDR)) holds 80. They have 41 holdings in common, and by portfolio weight the two funds are 50.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41SPHD holds 49 · SPYD holds 80
- Weight in Shared Holdings
- SPHD 86%·SPYD 51%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
8 of 49 positions (12.9% of the fund) are not held by SPYD.
Only in SPYD
39 of 80 positions (48.9% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | SPYD |
|---|---|---|
| Real Estate | 21.2% | 24.3% |
| Consumer Staples | 18.1% | 15.0% |
| Financials | 16.0% | 14.0% |
| Utilities | 13.8% | 10.5% |
| Energy | 11.8% | 4.8% |
| Other Sectors | 18.4% | 30.9% |
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% |
| SPYD | +2.8% | +17.9% | +21.3% | +14.3% | +9.3% | +8.7% | 4.07% |
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 SPYD →
Shared Holdings(41)
The top 10 shared positions account for 26% of the overlap, led by CLX, AMCR and PAYX.
 CLXThe Clorox Company COM | 1.69% | 1.36% | 1.36% |
|---|---|---|---|
 AMCRAmcor PLC COM NEW | 2.40% | 1.35% | 1.35% |
 PAYXPaychex Inc COM | 1.45% | 1.34% | 1.34% |
 CMCSAComcast Corporation CL A | 1.60% | 1.32% | 1.32% |
 VZVerizon Communications Inc. COM | 3.47% | 1.31% | 1.31% |
 BMYBristol-Myers Squibb Company COM | 2.06% | 1.31% | 1.31% |
 PFEPfizer Inc. COM | 2.98% | 1.31% | 1.31% |
 BENFranklin Resources Inc. COM | 2.80% | 1.30% | 1.30% |
 PSAPublic Storage COM | 2.07% | 1.30% | 1.30% |
 OMCOmnicom Group Inc COM | 1.42% | 1.29% | 1.29% |
 EXRExtra Space Storage Inc. COM | 2.10% | 1.27% | 1.27% |
 TAT&T Inc COM | 2.01% | 1.27% | 1.27% |
 PRUPrudential Financial, Inc. COM | 1.87% | 1.26% | 1.26% |
 BXPBXP Inc COM | 1.93% | 1.26% | 1.26% |
 RFRegions Financial Corporation COM | 1.58% | 1.26% | 1.26% |
 TFCTruist Financial Corp. COM | 1.74% | 1.26% | 1.26% |
 VICIVICI Properties, Inc., Class A | 2.66% | 1.23% | 1.23% |
 KMBKimberly-Clark Corporation COM | 2.08% | 1.23% | 1.23% |
 HRLHormel Foods Corp COM | 1.98% | 1.23% | 1.23% |
 USBU.S. Bancorp. COM NEW | 1.61% | 1.22% | 1.22% |
 CVXChevron Corp. COM | 2.09% | 1.21% | 1.21% |
 TROWPrice T Rowe Group Inc. COM | 2.08% | 1.21% | 1.21% |
 GISGeneral Mills, Inc. COM | 1.70% | 1.21% | 1.21% |
 EXCExelon Corp. COM | 1.59% | 1.20% | 1.20% |
 DUKDuke Energy Corp COM NEW | 1.58% | 1.20% | 1.20% |
Frequently Asked Questions
How much do SPHD and SPYD overlap?
SPHD and SPYD overlap by 50.6% of portfolio weight. They share 41 holdings (SPHD holds 49 positions and SPYD holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and SPYD?
The two portfolios are 50.6% 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 SPYD?
The largest positions held by both funds are CLX, AMCR, PAYX, CMCSA and VZ. Together the top 10 shared positions account for 26% of the total overlap.
What does SPHD own that SPYD doesn't?
8 positions (12.9% of SPHD) are unique to SPHD, led by CAG, CPB and PFG. In the other direction, 39 positions (48.9% of SPYD) are unique to SPYD.