SPYI vs DGRW: Holdings Overlap
SPYINEOS S&P 500(R) High Income ETF
NEOS · 505 holdings · $11.3B · as of 2026-03-31
DGRWWisdomTree U.S. Quality Dividend Growth Fund
WisdomTree · 198 holdings · $17.2B · as of 2026-03-31
How similar are SPYI and DGRW?
NEOS S&P 500(R) High Income ETF (SPYI, by NEOS) holds 505 positions; WisdomTree U.S. Quality Dividend Growth Fund (DGRW, by WisdomTree) holds 198. They have 143 holdings in common, and by portfolio weight the two funds are 52.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 52.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 143SPYI holds 505 · DGRW holds 198
- Weight in Shared Holdings
- SPYI 57%·DGRW 97%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 SPYI
362 of 505 positions (42.3% of the fund) are not held by DGRW. Showing the top 30 by weight.
Only in DGRW
55 of 198 positions (3.2% of the fund) are not held by SPYI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPYI | DGRW |
|---|---|---|
| Information Technology | 32.6% | 28.5% |
| Health Care | 9.4% | 13.8% |
| Communication Services | 10.5% | 12.9% |
| Financials | 12.6% | 9.1% |
| Industrials | 8.8% | 10.3% |
| Other Sectors | 25.7% | 25.3% |
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 |
|---|---|---|---|---|---|---|---|
| SPYI | +2.7% | +10.7% | +19.9% | +16.1% | — | — | 11.65% |
| DGRW | +3.9% | +12.6% | +18.6% | +15.8% | +12.2% | +14.1% | 1.23% |
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 SPYI vs DGRW →
Shared Holdings(143)
The top 10 shared positions account for 58% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.59% | 7.50% | 7.50% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.74% | 5.46% | 5.46% |
 MSFTMicrosoft Corp. COM | 4.94% | 4.75% | 4.75% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.00% | 2.46% | 2.46% |
 GOOGAlphabet Inc. CAP STK CL C | 2.39% | 2.44% | 2.39% |
 METAMeta Platforms Inc CL A | 2.24% | 3.26% | 2.24% |
 AVGOBroadcom Inc COM | 2.61% | 2.07% | 2.07% |
 XOMExxon Mobil Corp. COM | 1.29% | 3.50% | 1.29% |
 LLYEli Lilly & Co. COM | 1.32% | 1.27% | 1.27% |
 JNJJohnson & Johnson COM | 1.06% | 2.43% | 1.06% |
 WMTWalmart Inc COM | 0.98% | 1.11% | 0.98% |
 VVisa Inc COM CL A | 0.91% | 1.36% | 0.91% |
 COSTCostco Wholesale Corporation COM | 0.78% | 0.96% | 0.78% |
 ABBVAbbVie Inc. COM | 0.69% | 1.93% | 0.69% |
 CVXChevron Corp. COM | 0.69% | 1.87% | 0.69% |
 MAMasterCard Incorporated CL A | 0.73% | 0.63% | 0.63% |
 PGThe Procter & Gamble Co. COM | 0.60% | 1.51% | 0.60% |
 CATCaterpillar Inc COM | 0.58% | 1.29% | 0.58% |
 HDHome Depot Inc. COM | 0.58% | 2.83% | 0.58% |
 BACBank of America Corp. COM | 0.58% | 0.91% | 0.58% |
 CSCOCisco Systems, Inc. COM | 0.55% | 1.03% | 0.55% |
 MRKMerck & Co., Inc COM | 0.52% | 1.20% | 0.52% |
 KOCoca-Cola Co (The) COM | 0.52% | 2.95% | 0.52% |
 GEGE Aerospace COM NEW | 0.53% | 0.52% | 0.52% |
 AMATApplied Materials Inc. COM | 0.48% | 0.88% | 0.48% |
Frequently Asked Questions
How much do SPYI and DGRW overlap?
SPYI and DGRW overlap by 52.8% of portfolio weight. They share 143 holdings (SPYI holds 505 positions and DGRW holds 198), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPYI and DGRW?
The two portfolios are 52.8% 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 SPYI and DGRW?
The largest positions held by both funds are NVDA, AAPL, MSFT, GOOGL and GOOG. Together the top 10 shared positions account for 58% of the total overlap.
What does SPYI own that DGRW doesn't?
362 positions (42.3% of SPYI) are unique to SPYI, led by AMZN, TSLA and BRK-B. In the other direction, 55 positions (3.2% of DGRW) are unique to DGRW.