SPLV vs SPY: Holdings Overlap
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (SPLV: 2026-05-31, SPY: 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 SPLV and SPY?
Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 99 holdings in common, and by portfolio weight the two funds are 16.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 99SPLV holds 100 · SPY holds 504
- Weight in Shared Holdings
- SPLV 99%·SPY 17%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
1 of 100 positions (1.0% of the fund) are not held by SPY.
HONHoneywell International Inc.0.98%
Sector Breakdown
| Sector | SPLV | SPY |
|---|---|---|
| Information Technology | 0.8% | 37.6% |
| Utilities | 25.0% | 2.0% |
| Financials | 21.0% | 12.3% |
| Real Estate | 17.7% | 1.8% |
| Industrials | 12.2% | 8.8% |
| Other Sectors | 22.9% | 37.4% |
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(99)
The top 10 shared positions account for 47% of the overlap, led by BRK-B, JNJ and V.
 BRK-BBerkshire Hathaway, Inc., Class B | 1.28% | 1.45% | 1.28% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 1.15% | 0.93% | 0.93% |
 VVisa, Inc., Class A | 0.90% | 0.93% | 0.90% |
 JPMJPMorgan Chase & Co. COM | 0.87% | 1.44% | 0.87% |
 WMTWalmart Inc COM | 0.78% | 0.74% | 0.74% |
 MAMasterCard Incorporated CL A | 0.89% | 0.70% | 0.70% |
 COSTCostco Wholesale Corporation COM | 1.02% | 0.63% | 0.63% |
 BACBank of America Corp. COM | 0.87% | 0.62% | 0.62% |
 CVXChevron Corp. COM | 0.88% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 1.07% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 1.18% | 0.51% | 0.51% |
 LINLinde PLC COM EUR0.001 | 1.17% | 0.34% | 0.34% |
 MCDMcDonald's Corp. COM | 1.16% | 0.30% | 0.30% |
 PEPPepsico Inc COM | 0.84% | 0.29% | 0.29% |
 TJXThe TJX Companies Inc. COM | 1.13% | 0.27% | 0.27% |
 UNPUnion Pacific Corporation COM | 0.88% | 0.26% | 0.26% |
 WELLWelltower Inc. COM | 0.89% | 0.25% | 0.25% |
 TAT&T Inc COM | 0.85% | 0.25% | 0.25% |
 PLDPrologis Inc. COM | 0.89% | 0.20% | 0.20% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.06% | 0.19% | 0.19% |
 SYKStryker Corporation COM | 1.01% | 0.18% | 0.18% |
 MOAltria Group, Inc. COM | 0.86% | 0.17% | 0.17% |
 MDTMedtronic PLC USD0.0001 | 0.93% | 0.17% | 0.17% |
 ADPAutomatic Data Processing, Inc. COM | 0.92% | 0.16% | 0.16% |
 BNYThe Bank of New York Mellon Corp. COM | 1.03% | 0.16% | 0.16% |
Frequently Asked Questions
How much do SPLV and SPY overlap?
SPLV and SPY overlap by 16.6% of portfolio weight. They share 99 holdings (SPLV holds 100 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPLV and SPY?
The two portfolios are 16.6% 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 SPLV and SPY?
The largest positions held by both funds are BRK-B, JNJ, V, JPM and WMT. Together the top 10 shared positions account for 47% of the total overlap.
What does SPLV own that SPY doesn't?
1 positions (1.0% of SPLV) are unique to SPLV, led by HON. In the other direction, 405 positions (82.6% of SPY) are unique to SPY.