SPHD vs XLU: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
XLUState Street® Utilities Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $23.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (SPHD: 2026-05-31, XLU: 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 XLU?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; State Street® Utilities Select Sector SPDR® ETF (XLU, by State Street (SPDR)) holds 31. They have 8 holdings in common, and by portfolio weight the two funds are 12.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8SPHD holds 49 · XLU holds 31
- Weight in Shared Holdings
- SPHD 14%·XLU 23%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
41 of 49 positions (85.6% of the fund) are not held by XLU. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | XLU |
|---|---|---|
| Utilities | 13.8% | 99.7% |
| Real Estate | 21.2% | 0.0% |
| Consumer Staples | 18.1% | 0.0% |
| Financials | 16.0% | 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% |
| XLU | -4.6% | +3.5% | +3.6% | +14.3% | +8.5% | +9.0% | 2.74% |
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 XLU →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by D, ES and FE.
 DDominion Energy Inc COM | 2.13% | 4.33% | 2.13% |
|---|---|---|---|
 ESEversource Energy COM | 1.82% | 2.00% | 1.82% |
 FEFirstEnergy Corp. COM | 1.64% | 1.80% | 1.64% |
 EXCExelon Corp. COM | 1.59% | 3.42% | 1.59% |
 DUKDuke Energy Corp COM NEW | 1.58% | 7.11% | 1.58% |
 DTEDTE Energy Co. COM | 1.53% | 2.14% | 1.53% |
 EVRGEvergy Inc COM | 1.69% | 1.41% | 1.41% |
 PNWPinnacle West Capital Corp. COM | 1.84% | 0.90% | 0.90% |
Frequently Asked Questions
How much do SPHD and XLU overlap?
SPHD and XLU overlap by 12.6% of portfolio weight. They share 8 holdings (SPHD holds 49 positions and XLU holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and XLU?
The two portfolios are 12.6% 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 XLU?
The largest positions held by both funds are D, ES, FE, EXC and DUK. Together the top 8 shared positions account for 100% of the total overlap.
What does SPHD own that XLU doesn't?
41 positions (85.6% of SPHD) are unique to SPHD, led by VZ, MO and DOC. In the other direction, 23 positions (76.6% of XLU) are unique to XLU.