SPYD vs XLU: Holdings Overlap
SPYDState Street® SPDR® Portfolio S&P 500® High Dividend ETF
State Street (SPDR) · 80 holdings · $7.7B · as of 2026-08-06
XLUState Street® Utilities Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $23.0B · as of 2026-08-06
How similar are SPYD and XLU?
State Street® SPDR® Portfolio S&P 500® High Dividend ETF (SPYD, by State Street (SPDR)) holds 80 positions; State Street® Utilities Select Sector SPDR® ETF (XLU, by State Street (SPDR)) holds 31. They have 9 holdings in common, and by portfolio weight the two funds are 9.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9SPYD holds 80 · XLU holds 31
- Weight in Shared Holdings
- SPYD 11%·XLU 24%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
71 of 80 positions (88.9% of the fund) are not held by XLU. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPYD | XLU |
|---|---|---|
| Utilities | 10.5% | 99.7% |
| Real Estate | 24.3% | 0.0% |
| Consumer Staples | 15.0% | 0.0% |
| Financials | 14.0% | 0.0% |
| Materials | 7.7% | 0.0% |
| Other Sectors | 28.0% | 0.0% |
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% |
| XLU | -4.6% | +3.5% | +3.6% | +14.3% | +8.5% | +9.0% | 2.74% |
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 XLU →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by EXC, DUK and ES.
 EXCExelon Corp. COM | 1.20% | 3.42% | 1.20% |
|---|---|---|---|
 DUKDuke Energy Corp COM NEW | 1.20% | 7.11% | 1.20% |
 ESEversource Energy COM | 1.20% | 2.00% | 1.20% |
 EVRGEvergy Inc COM | 1.19% | 1.41% | 1.19% |
 FEFirstEnergy Corp. COM | 1.18% | 1.80% | 1.18% |
 DDominion Energy Inc COM | 1.16% | 4.33% | 1.16% |
 EIXEdison International COM | 1.03% | 1.91% | 1.03% |
 PNWPinnacle West Capital Corp. COM | 1.17% | 0.90% | 0.90% |
 AESAES Corp. (The) | 1.22% | 0.77% | 0.77% |
Frequently Asked Questions
How much do SPYD and XLU overlap?
SPYD and XLU overlap by 9.8% of portfolio weight. They share 9 holdings (SPYD holds 80 positions and XLU holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPYD and XLU?
The two portfolios are 9.8% 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 SPYD and XLU?
The largest positions held by both funds are EXC, DUK, ES, EVRG and FE. Together the top 9 shared positions account for 100% of the total overlap.
What does SPYD own that XLU doesn't?
71 positions (88.9% of SPYD) are unique to SPYD, led by ACN, ARES and SWK. In the other direction, 22 positions (76.0% of XLU) are unique to XLU.