SPLV vs PBUS: Holdings Overlap
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
Invesco · 537 holdings · $11.4B · as of 2026-05-31
How similar are SPLV and PBUS?
Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 96 holdings in common, and by portfolio weight the two funds are 15.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 96SPLV holds 100 · PBUS holds 537
- Weight in Shared Holdings
- SPLV 95%·PBUS 16%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 SPLV
4 of 100 positions (4.2% of the fund) are not held by PBUS.
Sector Breakdown
| Sector | SPLV | PBUS |
|---|---|---|
| Information Technology | 0.8% | 38.0% |
| Utilities | 25.0% | 2.0% |
| Financials | 21.0% | 11.1% |
| Real Estate | 17.7% | 1.8% |
| Industrials | 12.2% | 8.5% |
| Other Sectors | 22.9% | 38.2% |
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 |
|---|---|---|---|---|---|---|---|
| SPLV | -0.7% | +8.1% | +6.1% | +9.1% | +6.0% | +8.3% | 2.12% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
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 SPLV vs PBUS →
Shared Holdings(96)
The top 10 shared positions account for 45% of the overlap, led by BRK-B, JPM and V.
 BRK-BBerkshire Hathaway Inc., Class B | 1.28% | 0.99% | 0.99% |
|---|---|---|---|
 JPMJPMorgan Chase & Co. | 0.87% | 1.23% | 0.87% |
 VVisa Inc., Class A | 0.90% | 0.83% | 0.83% |
 JNJJohnson & Johnson | 1.15% | 0.82% | 0.82% |
 WMTWalmart Inc. | 0.78% | 0.77% | 0.77% |
 COSTCostco Wholesale Corp. | 1.02% | 0.64% | 0.64% |
 MAMastercard Inc., Class A | 0.89% | 0.63% | 0.63% |
 BACBank of America Corp. | 0.87% | 0.54% | 0.54% |
 CVXChevron Corp. | 0.88% | 0.53% | 0.53% |
 PGProcter & Gamble Co. (The) | 1.07% | 0.51% | 0.51% |
 KOCoca-Cola Co. (The) | 1.18% | 0.49% | 0.49% |
 LINLinde PLC | 1.17% | 0.35% | 0.35% |
 MCDMcDonald's Corp. | 1.16% | 0.30% | 0.30% |
 PEPPepsiCo, Inc. | 0.84% | 0.30% | 0.30% |
 TAT&T Inc. | 0.85% | 0.27% | 0.27% |
 TJXTJX Cos., Inc. (The) | 1.13% | 0.26% | 0.26% |
 UNPUnion Pacific Corp. | 0.88% | 0.24% | 0.24% |
 HONHoneywell International Inc. | 0.98% | 0.23% | 0.23% |
 WELLWelltower Inc. | 0.89% | 0.21% | 0.21% |
 PLDPrologis, Inc. | 0.89% | 0.20% | 0.20% |
 MOAltria Group, Inc. | 0.86% | 0.18% | 0.18% |
 AEXChubb Ltd. | 1.06% | 0.18% | 0.18% |
 SYKStryker Corp. | 1.01% | 0.16% | 0.16% |
 SOSouthern Co. (The) | 1.16% | 0.15% | 0.15% |
 CMECME Group Inc., Class A | 0.94% | 0.15% | 0.15% |
Frequently Asked Questions
How much do SPLV and PBUS overlap?
SPLV and PBUS overlap by 15.7% of portfolio weight. They share 96 holdings (SPLV holds 100 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPLV and PBUS?
The two portfolios are 15.7% 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 SPLV and PBUS?
The largest positions held by both funds are BRK-B, JPM, V, JNJ and WMT. Together the top 10 shared positions account for 45% of the total overlap.
What does SPLV own that PBUS doesn't?
4 positions (4.2% of SPLV) are unique to SPLV, led by PNW, FRT and CPT. In the other direction, 441 positions (83.6% of PBUS) are unique to PBUS.