SPY vs SPYD: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
SPYDState Street® SPDR® Portfolio S&P 500® High Dividend ETF
State Street (SPDR) · 80 holdings · $7.7B · as of 2026-08-06
How similar are SPY and SPYD?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; State Street® SPDR® Portfolio S&P 500® High Dividend ETF (SPYD, by State Street (SPDR)) holds 80. They have 80 holdings in common, and by portfolio weight the two funds are 5.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 80SPY holds 504 · SPYD holds 80
- Weight in Shared Holdings
- SPY 6%·SPYD 99%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 SPY
424 of 504 positions (94.1% of the fund) are not held by SPYD. Showing the top 30 by weight.
Only in SPYD
Every position in SPYD is also held by SPY, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | SPY | SPYD |
|---|---|---|
| Information Technology | 37.6% | 4.2% |
| Real Estate | 1.8% | 24.3% |
| Consumer Staples | 4.5% | 15.0% |
| Financials | 12.3% | 14.0% |
| Utilities | 2.0% | 10.5% |
| Other Sectors | 41.6% | 31.5% |
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 |
|---|---|---|---|---|---|---|---|
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
| SPYD | +2.8% | +17.9% | +21.3% | +14.3% | +9.3% | +8.7% | 4.07% |
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 SPY vs SPYD →
Shared Holdings(80)
The top 10 shared positions account for 42% of the overlap, led by CVX, VZ and PEP.
 CVXChevron Corp. COM | 0.53% | 1.21% | 0.53% |
|---|---|---|---|
 VZVerizon Communications Inc. COM | 0.30% | 1.31% | 0.30% |
 PEPPepsico Inc COM | 0.29% | 1.26% | 0.29% |
 TAT&T Inc COM | 0.25% | 1.27% | 0.25% |
 PFEPfizer Inc. COM | 0.23% | 1.31% | 0.23% |
 BMYBristol-Myers Squibb Company COM | 0.20% | 1.31% | 0.20% |
 MOAltria Group, Inc. COM | 0.17% | 1.16% | 0.17% |
 MDTMedtronic PLC USD0.0001 | 0.17% | 1.30% | 0.17% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 0.16% | 1.51% | 0.16% |
 BXBlackstone Inc., Class A | 0.15% | 1.34% | 0.15% |
 USBU.S. Bancorp. COM NEW | 0.15% | 1.22% | 0.15% |
 DUKDuke Energy Corp COM NEW | 0.15% | 1.20% | 0.15% |
 CMCSAComcast Corporation CL A | 0.14% | 1.32% | 0.14% |
 AMTAmerican Tower Corporation COM | 0.12% | 1.27% | 0.12% |
 UPSUnited Parcel Service, Inc., Class B | 0.12% | 1.10% | 0.12% |
 HONHONEYWELL INTERNATIONAL INC | 0.12% | 1.28% | 0.12% |
 EOGEOG Resources Inc. COM | 0.11% | 1.17% | 0.11% |
 SPGSimon Property Group Inc COM | 0.11% | 1.21% | 0.11% |
 TGTTarget Corp. COM | 0.10% | 1.32% | 0.10% |
 TFCTruist Financial Corp. COM | 0.10% | 1.26% | 0.10% |
 KMIKinder Morgan, Inc. COM | 0.09% | 1.19% | 0.09% |
 DDominion Energy Inc COM | 0.09% | 1.16% | 0.09% |
 ORealty Income Corporation COM | 0.09% | 1.19% | 0.09% |
 OKEOneok Inc. COM | 0.08% | 1.18% | 0.08% |
 PSAPublic Storage COM | 0.08% | 1.30% | 0.08% |
Frequently Asked Questions
How much do SPY and SPYD overlap?
SPY and SPYD overlap by 5.8% of portfolio weight. They share 80 holdings (SPY holds 504 positions and SPYD holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and SPYD?
The two portfolios are 5.8% 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 SPY and SPYD?
The largest positions held by both funds are CVX, VZ, PEP, T and PFE. Together the top 10 shared positions account for 42% of the total overlap.
What does SPY own that SPYD doesn't?
424 positions (94.1% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 0 positions (0.0% of SPYD) are unique to SPYD.