SPYD vs SPHD: Holdings Overlap
SPYDState Street® SPDR® Portfolio S&P 500® High Dividend ETF
State Street (SPDR) · 80 holdings · $7.7B · as of 2026-08-06
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPYD: 2026-08-06, SPHD: 2026-05-31). 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 SPYD and SPHD?
State Street® SPDR® Portfolio S&P 500® High Dividend ETF (SPYD, by State Street (SPDR)) holds 80 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 41 holdings in common, and by portfolio weight the two funds are 50.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41SPYD holds 80 · SPHD holds 49
- Weight in Shared Holdings
- SPYD 51%·SPHD 86%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 SPYD
39 of 80 positions (48.9% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPYD | SPHD |
|---|---|---|
| Real Estate | 24.3% | 21.2% |
| Consumer Staples | 15.0% | 18.1% |
| Financials | 14.0% | 16.0% |
| Utilities | 10.5% | 13.8% |
| Energy | 4.8% | 11.8% |
| Other Sectors | 30.9% | 18.4% |
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 |
|---|---|---|---|---|---|---|---|
| SPYD | +2.8% | +17.9% | +21.3% | +14.3% | +9.3% | +8.7% | 4.07% |
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
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 SPYD vs SPHD →
Shared Holdings(41)
The top 10 shared positions account for 26% of the overlap, led by CLX, AMCR and PAYX.
 CLXThe Clorox Company COM | 1.36% | 1.69% | 1.36% |
|---|---|---|---|
 AMCRAmcor PLC COM NEW | 1.35% | 2.40% | 1.35% |
 PAYXPaychex Inc COM | 1.34% | 1.45% | 1.34% |
 CMCSAComcast Corporation CL A | 1.32% | 1.60% | 1.32% |
 VZVerizon Communications Inc. COM | 1.31% | 3.47% | 1.31% |
 BMYBristol-Myers Squibb Company COM | 1.31% | 2.06% | 1.31% |
 PFEPfizer Inc. COM | 1.31% | 2.98% | 1.31% |
 BENFranklin Resources Inc. COM | 1.30% | 2.80% | 1.30% |
 PSAPublic Storage COM | 1.30% | 2.07% | 1.30% |
 OMCOmnicom Group Inc COM | 1.29% | 1.42% | 1.29% |
 EXRExtra Space Storage Inc. COM | 1.27% | 2.10% | 1.27% |
 TAT&T Inc COM | 1.27% | 2.01% | 1.27% |
 PRUPrudential Financial, Inc. COM | 1.26% | 1.87% | 1.26% |
 BXPBXP Inc COM | 1.26% | 1.93% | 1.26% |
 RFRegions Financial Corporation COM | 1.26% | 1.58% | 1.26% |
 TFCTruist Financial Corp. COM | 1.26% | 1.74% | 1.26% |
 VICIVICI Properties, Inc., Class A | 1.23% | 2.66% | 1.23% |
 KMBKimberly-Clark Corporation COM | 1.23% | 2.08% | 1.23% |
 HRLHormel Foods Corp COM | 1.23% | 1.98% | 1.23% |
 USBU.S. Bancorp. COM NEW | 1.22% | 1.61% | 1.22% |
 CVXChevron Corp. COM | 1.21% | 2.09% | 1.21% |
 TROWPrice T Rowe Group Inc. COM | 1.21% | 2.08% | 1.21% |
 GISGeneral Mills, Inc. COM | 1.21% | 1.70% | 1.21% |
 EXCExelon Corp. COM | 1.20% | 1.59% | 1.20% |
 DUKDuke Energy Corp COM NEW | 1.20% | 1.58% | 1.20% |
Frequently Asked Questions
How much do SPYD and SPHD overlap?
SPYD and SPHD overlap by 50.6% of portfolio weight. They share 41 holdings (SPYD holds 80 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPYD and SPHD?
The two portfolios are 50.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPYD and SPHD?
The largest positions held by both funds are CLX, AMCR, PAYX, CMCSA and VZ. Together the top 10 shared positions account for 26% of the total overlap.
What does SPYD own that SPHD doesn't?
39 positions (48.9% of SPYD) are unique to SPYD, led by ACN, ARES and SWK. In the other direction, 8 positions (12.9% of SPHD) are unique to SPHD.