SPY vs SPYG: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
SPYGState Street® SPDR® Portfolio S&P 500® Growth ETF
State Street (SPDR) · 147 holdings · $54.7B · as of 2026-08-06
How similar are SPY and SPYG?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; State Street® SPDR® Portfolio S&P 500® Growth ETF (SPYG, by State Street (SPDR)) holds 147. They have 147 holdings in common, and by portfolio weight the two funds are 66.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 66.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 147SPY holds 504 · SPYG holds 147
- Weight in Shared Holdings
- SPY 68%·SPYG 100%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
357 of 504 positions (32.2% of the fund) are not held by SPYG. Showing the top 30 by weight.
Only in SPYG
Every position in SPYG is also held by SPY, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | SPY | SPYG |
|---|---|---|
| Information Technology | 37.6% | 52.5% |
| Communication Services | 9.7% | 15.3% |
| Financials | 12.3% | 9.0% |
| Consumer Discretionary | 9.3% | 8.4% |
| Health Care | 8.9% | 6.1% |
| Other Sectors | 22.1% | 8.8% |
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% |
| SPYG | +4.4% | +15.6% | +25.4% | +26.9% | +14.2% | +17.9% | 0.47% |
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 SPYG →
Shared Holdings(147)
The top 10 shared positions account for 56% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.00% | 14.58% | 8.00% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.92% | 6.30% | 6.30% |
 MSFTMicrosoft Corp. COM | 5.60% | 10.20% | 5.60% |
 AMZNAmazon.com, Inc. COM | 4.02% | 3.88% | 3.88% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.16% | 5.76% | 3.16% |
 AVGOBroadcom Inc COM | 3.00% | 5.47% | 3.00% |
 GOOGAlphabet Inc. CAP STK CL C | 2.54% | 4.63% | 2.54% |
 METAMeta Platforms, Inc., Class A | 1.95% | 3.56% | 1.95% |
 MUMicron Technology Inc. COM | 1.50% | 2.73% | 1.50% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.45% | 2.64% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 1.44% | 1.78% | 1.44% |
 LLYEli Lilly & Co. COM | 1.42% | 2.59% | 1.42% |
 TSLATesla Inc COM | 1.36% | 1.53% | 1.36% |
 AMDAdvanced Micro Devices Inc. COM | 1.20% | 2.19% | 1.20% |
 JNJJohnson & Johnson COM | 0.93% | 1.00% | 0.93% |
 VVisa, Inc., Class A | 0.93% | 0.93% | 0.93% |
 MAMasterCard Incorporated CL A | 0.70% | 0.86% | 0.70% |
 CSCOCisco Systems, Inc. COM | 0.72% | 0.70% | 0.70% |
 AMATApplied Materials Inc. COM | 0.63% | 1.15% | 0.63% |
 CATCaterpillar Inc COM | 0.59% | 1.08% | 0.59% |
 LRCXLam Research Corporation COM NEW | 0.58% | 1.05% | 0.58% |
 GEGeneral Electric Co. | 0.59% | 0.56% | 0.56% |
 ABBVAbbVie Inc. COM | 0.65% | 0.54% | 0.54% |
 PLTRPalantir Technologies, Inc., Class A | 0.54% | 0.98% | 0.54% |
 NFLXNetflix, Inc. COM | 0.47% | 0.85% | 0.47% |
Frequently Asked Questions
How much do SPY and SPYG overlap?
SPY and SPYG overlap by 66.3% of portfolio weight. They share 147 holdings (SPY holds 504 positions and SPYG holds 147), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and SPYG?
The two portfolios are 66.3% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of SPY and SPYG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 56% of the total overlap.
What does SPY own that SPYG doesn't?
357 positions (32.2% of SPY) are unique to SPY, led by XOM, WMT and INTC. In the other direction, 0 positions (0.0% of SPYG) are unique to SPYG.