SPHD vs XLP: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
XLPState Street® Consumer Staples Select Sector SPDR® ETF
State Street (SPDR) · 34 holdings · $14.7B · as of 2026-08-06
Holdings snapshots are 67 days apart (SPHD: 2026-05-31, XLP: 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 XLP?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; State Street® Consumer Staples Select Sector SPDR® ETF (XLP, by State Street (SPDR)) holds 34. They have 6 holdings in common, and by portfolio weight the two funds are 9.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6SPHD holds 49 · XLP holds 34
- Weight in Shared Holdings
- SPHD 14%·XLP 10%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
43 of 49 positions (85.5% of the fund) are not held by XLP. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | XLP |
|---|---|---|
| Consumer Staples | 18.1% | 99.8% |
| Real Estate | 21.2% | 0.0% |
| Financials | 16.0% | 0.0% |
| Utilities | 13.8% | 0.0% |
| Energy | 11.8% | 0.0% |
| Other Sectors | 18.4% | 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% |
| XLP | +0.3% | +11.0% | +6.4% | +7.1% | +6.5% | +7.4% | 2.58% |
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 XLP →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by MO, KMB and KHC.
 MOAltria Group, Inc. COM | 3.43% | 4.18% | 3.43% |
|---|---|---|---|
 KMBKimberly-Clark Corporation COM | 2.08% | 2.29% | 2.08% |
 KHCThe Kraft Heinz Co. COM | 3.01% | 1.35% | 1.35% |
 GISGeneral Mills, Inc. COM | 1.70% | 1.22% | 1.22% |
 CLXThe Clorox Company COM | 1.69% | 0.81% | 0.81% |
 HRLHormel Foods Corp COM | 1.98% | 0.47% | 0.47% |
Frequently Asked Questions
How much do SPHD and XLP overlap?
SPHD and XLP overlap by 9.4% of portfolio weight. They share 6 holdings (SPHD holds 49 positions and XLP holds 34), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and XLP?
The two portfolios are 9.4% 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 XLP?
The largest positions held by both funds are MO, KMB, KHC, GIS and CLX. Together the top 6 shared positions account for 100% of the total overlap.
What does SPHD own that XLP doesn't?
43 positions (85.5% of SPHD) are unique to SPHD, led by VZ, DOC and PFE. In the other direction, 28 positions (89.5% of XLP) are unique to XLP.