SPLV vs VOO: Holdings Overlap
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
Vanguard · 504 holdings · $1.03T · as of 2026-03-31
Holdings snapshots are 61 days apart (SPLV: 2026-05-31, VOO: 2026-03-31). 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 VOO?
Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100 positions; Vanguard 500 Index Fund (VOO, by Vanguard) holds 504. They have 100 holdings in common, and by portfolio weight the two funds are 18.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 18.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 100SPLV holds 100 · VOO holds 504
- Weight in Shared Holdings
- SPLV 100%·VOO 19%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
Every position in SPLV is also held by VOO, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | SPLV | VOO |
|---|---|---|
| Information Technology | 0.8% | 32.7% |
| Utilities | 25.0% | 2.5% |
| Financials | 21.0% | 12.4% |
| Real Estate | 17.7% | 1.9% |
| Industrials | 12.2% | 9.0% |
| Other Sectors | 22.9% | 41.1% |
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% |
| VOO | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.03% |
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 VOO →
Shared Holdings(100)
The top 10 shared positions account for 45% of the overlap, led by BRK-B, JNJ and V.
 BRK-BBerkshire Hathaway, Inc., Class B | 1.28% | 1.57% | 1.28% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 1.15% | 1.05% | 1.05% |
 VVisa, Inc., Class A | 0.90% | 0.89% | 0.89% |
 JPMJPMorgan Chase & Co. COM | 0.87% | 1.34% | 0.87% |
 COSTCostco Wholesale Corporation COM | 1.02% | 0.79% | 0.79% |
 WMTWalmart Inc COM | 0.78% | 0.97% | 0.78% |
 MAMasterCard Incorporated CL A | 0.89% | 0.73% | 0.73% |
 CVXChevron Corp. COM | 0.88% | 0.69% | 0.69% |
 PGThe Procter & Gamble Co. COM | 1.07% | 0.60% | 0.60% |
 BACBank of America Corp. COM | 0.87% | 0.56% | 0.56% |
 KOCoca-Cola Co (The) COM | 1.18% | 0.53% | 0.53% |
 LINLinde PLC COM EUR0.001 | 1.17% | 0.41% | 0.41% |
 MCDMcDonald's Corp. COM | 1.16% | 0.40% | 0.40% |
 PEPPepsico Inc COM | 0.84% | 0.38% | 0.38% |
 TAT&T Inc COM | 0.85% | 0.36% | 0.36% |
 TJXThe TJX Companies Inc. COM | 1.13% | 0.32% | 0.32% |
 UNPUnion Pacific Corporation COM | 0.88% | 0.26% | 0.26% |
 HONHoneywell International Inc. COM | 0.98% | 0.26% | 0.26% |
 WELLWelltower Inc. COM | 0.89% | 0.25% | 0.25% |
 PLDPrologis Inc. COM | 0.89% | 0.22% | 0.22% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.06% | 0.21% | 0.21% |
 SYKStryker Corporation COM | 1.01% | 0.20% | 0.20% |
 MDTMedtronic PLC USD0.0001 | 0.93% | 0.20% | 0.20% |
 MOAltria Group, Inc. COM | 0.86% | 0.20% | 0.20% |
 CMECME Group, Inc., Class A | 0.94% | 0.19% | 0.19% |
Frequently Asked Questions
How much do SPLV and VOO overlap?
SPLV and VOO overlap by 18.5% of portfolio weight. They share 100 holdings (SPLV holds 100 positions and VOO holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPLV and VOO?
The two portfolios are 18.5% 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 VOO?
The largest positions held by both funds are BRK-B, JNJ, V, JPM and COST. Together the top 10 shared positions account for 45% of the total overlap.
What does SPLV own that VOO doesn't?
Nothing. Every position in SPLV is also held by VOO. In the other direction, 404 positions (80.3% of VOO) are unique to VOO.