SPHD vs XLRE: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
XLREState Street® Real Estate Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $8.6B · as of 2026-08-06
Holdings snapshots are 67 days apart (SPHD: 2026-05-31, XLRE: 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 XLRE?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; State Street® Real Estate Select Sector SPDR® ETF (XLRE, by State Street (SPDR)) holds 31. They have 9 holdings in common, and by portfolio weight the two funds are 17.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9SPHD holds 49 · XLRE holds 31
- Weight in Shared Holdings
- SPHD 21%·XLRE 24%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
40 of 49 positions (78.2% of the fund) are not held by XLRE. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | XLRE |
|---|---|---|
| Real Estate | 21.2% | 99.9% |
| Consumer Staples | 18.1% | 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% |
| XLRE | +0.2% | +13.2% | +11.9% | +9.9% | +2.6% | +6.4% | 3.12% |
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 XLRE →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by VICI, O and CCI.
 VICIVICI Properties, Inc., Class A | 2.66% | 2.95% | 2.66% |
|---|---|---|---|
 ORealty Income Corporation COM | 2.42% | 4.50% | 2.42% |
 CCICrown Castle Inc. COM | 2.39% | 3.33% | 2.39% |
 EXRExtra Space Storage Inc. COM | 2.10% | 3.21% | 2.10% |
 PSAPublic Storage COM | 2.07% | 4.80% | 2.07% |
 KIMKimco Realty Corporation COM | 2.44% | 1.68% | 1.68% |
 DOCHealthpeak Properties Inc COM | 3.22% | 1.48% | 1.48% |
 UDRUDR Inc COM | 1.95% | 1.15% | 1.15% |
 BXPBXP Inc COM | 1.93% | 1.04% | 1.04% |
Frequently Asked Questions
How much do SPHD and XLRE overlap?
SPHD and XLRE overlap by 17.0% of portfolio weight. They share 9 holdings (SPHD holds 49 positions and XLRE holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and XLRE?
The two portfolios are 17.0% 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 XLRE?
The largest positions held by both funds are VICI, O, CCI, EXR and PSA. Together the top 9 shared positions account for 100% of the total overlap.
What does SPHD own that XLRE doesn't?
40 positions (78.2% of SPHD) are unique to SPHD, led by VZ, MO and KHC. In the other direction, 22 positions (75.8% of XLRE) are unique to XLRE.