SPY vs SPYI: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
SPYINEOS S&P 500(R) High Income ETF
NEOS · 505 holdings · $11.3B · as of 2026-03-31
Holdings snapshots are 128 days apart (SPY: 2026-08-06, SPYI: 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 SPY and SPYI?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; NEOS S&P 500(R) High Income ETF (SPYI, by NEOS) holds 505. They have 492 holdings in common, and by portfolio weight the two funds are 91.0% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 91.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 492SPY holds 504 · SPYI holds 505
- Weight in Shared Holdings
- SPY 98%·SPYI 98%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
12 of 504 positions (1.8% of the fund) are not held by SPYI.
Sector Breakdown
| Sector | SPY | SPYI |
|---|---|---|
| Information Technology | 37.6% | 32.6% |
| Financials | 12.3% | 12.6% |
| Communication Services | 9.7% | 10.5% |
| Consumer Discretionary | 9.3% | 9.8% |
| Health Care | 8.9% | 9.4% |
| Other Sectors | 22.1% | 24.6% |
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% |
| SPYI | +2.7% | +10.7% | +19.9% | +16.1% | — | — | 11.65% |
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 SPYI →
Shared Holdings(492)
The top 10 shared positions account for 39% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.00% | 7.59% | 7.59% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.92% | 6.74% | 6.74% |
 MSFTMicrosoft Corp. COM | 5.60% | 4.94% | 4.94% |
 AMZNAmazon.com, Inc. COM | 4.02% | 3.65% | 3.65% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.16% | 3.00% | 3.00% |
 AVGOBroadcom Inc COM | 3.00% | 2.61% | 2.61% |
 GOOGAlphabet Inc. CAP STK CL C | 2.54% | 2.39% | 2.39% |
 METAMeta Platforms, Inc., Class A | 1.95% | 2.24% | 1.95% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.45% | 1.58% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 1.44% | 1.44% | 1.44% |
 TSLATesla Inc COM | 1.36% | 1.87% | 1.36% |
 LLYEli Lilly & Co. COM | 1.42% | 1.32% | 1.32% |
 JNJJohnson & Johnson COM | 0.93% | 1.06% | 0.93% |
 VVisa, Inc., Class A | 0.93% | 0.91% | 0.91% |
 WMTWalmart Inc COM | 0.74% | 0.98% | 0.74% |
 MAMasterCard Incorporated CL A | 0.70% | 0.73% | 0.70% |
 MUMicron Technology Inc. COM | 1.50% | 0.68% | 0.68% |
 ABBVAbbVie Inc. COM | 0.65% | 0.69% | 0.65% |
 COSTCostco Wholesale Corporation COM | 0.63% | 0.78% | 0.63% |
 AMDAdvanced Micro Devices Inc. COM | 1.20% | 0.59% | 0.59% |
 CATCaterpillar Inc COM | 0.59% | 0.58% | 0.58% |
 BACBank of America Corp. COM | 0.62% | 0.58% | 0.58% |
 CSCOCisco Systems, Inc. COM | 0.72% | 0.55% | 0.55% |
 PLTRPalantir Technologies, Inc., Class A | 0.54% | 0.59% | 0.54% |
 CVXChevron Corp. COM | 0.53% | 0.69% | 0.53% |
Showing the top 250 of 492 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPY and SPYI overlap?
SPY and SPYI overlap by 91.0% of portfolio weight. They share 492 holdings (SPY holds 504 positions and SPYI holds 505), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and SPYI?
The two portfolios are 91.0% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of SPY and SPYI?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 39% of the total overlap.
What does SPY own that SPYI doesn't?
12 positions (1.8% of SPY) are unique to SPY, led by XOM, MRVL and HON. In the other direction, 13 positions (1.8% of SPYI) are unique to SPYI.