SPHD vs XLB: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
XLBState Street® Materials Select Sector SPDR® ETF
State Street (SPDR) · 25 holdings · $8.4B · as of 2026-08-06
Holdings snapshots are 67 days apart (SPHD: 2026-05-31, XLB: 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 XLB?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; State Street® Materials Select Sector SPDR® ETF (XLB, by State Street (SPDR)) holds 25. They have 1 holdings in common, and by portfolio weight the two funds are 2.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1SPHD holds 49 · XLB holds 25
- Weight in Shared Holdings
- SPHD 2%·XLB 3%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
48 of 49 positions (97.0% of the fund) are not held by XLB. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | XLB |
|---|---|---|
| Materials | 2.4% | 99.9% |
| Real Estate | 21.2% | 0.0% |
| Consumer Staples | 18.1% | 0.0% |
| Financials | 16.0% | 0.0% |
| Utilities | 13.8% | 0.0% |
| Other Sectors | 27.8% | 0.0% |
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% |
| XLB | +2.6% | +17.5% | +22.4% | +10.0% | +6.8% | +10.2% | 1.61% |
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 XLB →
Shared Holdings(1)
 AMCRAmcor PLC COM NEW | 2.40% | 2.91% | 2.40% |
|---|
Frequently Asked Questions
How much do SPHD and XLB overlap?
SPHD and XLB overlap by 2.4% of portfolio weight. They share 1 holdings (SPHD holds 49 positions and XLB holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and XLB?
The two portfolios are 2.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPHD and XLB?
The largest positions held by both funds are AMCR. Together the top 1 shared positions account for 100% of the total overlap.
What does SPHD own that XLB doesn't?
48 positions (97.0% of SPHD) are unique to SPHD, led by VZ, MO and DOC. In the other direction, 24 positions (96.9% of XLB) are unique to XLB.