SPYV vs XLG: Holdings Overlap
SPYVState Street® SPDR® Portfolio S&P 500® Value ETF
State Street (SPDR) · 438 holdings · $36.8B · as of 2026-08-06
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 98 days apart (SPYV: 2026-08-06, XLG: 2026-04-30). 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 SPYV and XLG?
State Street® SPDR® Portfolio S&P 500® Value ETF (SPYV, by State Street (SPDR)) holds 438 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 37 holdings in common, and by portfolio weight the two funds are 35.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 37SPYV holds 438 · XLG holds 51
- Weight in Shared Holdings
- SPYV 38%·XLG 48%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 SPYV
401 of 438 positions (61.6% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPYV | XLG |
|---|---|---|
| Information Technology | 19.6% | 43.7% |
| Communication Services | 3.0% | 17.0% |
| Financials | 16.3% | 9.6% |
| Health Care | 12.4% | 7.0% |
| Industrials | 11.6% | 1.9% |
| Other Sectors | 37.0% | 20.4% |
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 |
|---|---|---|---|---|---|---|---|
| SPYV | +2.2% | +12.1% | +21.6% | +14.8% | +11.7% | +11.9% | 1.66% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 SPYV vs XLG →
Shared Holdings(37)
The top 10 shared positions account for 59% of the overlap, led by AAPL, AMZN and WMT.
 AAPLApple Inc. COM | 7.66% | 10.71% | 7.66% |
|---|---|---|---|
 AMZNAmazon.com, Inc. COM | 4.18% | 6.96% | 4.18% |
 WMTWalmart Inc COM | 1.64% | 1.56% | 1.56% |
 COSTCostco Wholesale Corporation COM | 1.41% | 1.21% | 1.21% |
 TSLATesla Inc COM | 1.14% | 2.89% | 1.14% |
 JPMJPMorgan Chase & Co. COM | 1.02% | 2.27% | 1.02% |
 CVXChevron Corp. COM | 1.18% | 0.97% | 0.97% |
 BACBank of America Corp. COM | 1.37% | 0.95% | 0.95% |
 VVisa, Inc., Class A | 0.92% | 1.49% | 0.92% |
 PGThe Procter & Gamble Co. COM | 1.14% | 0.92% | 0.92% |
 UNHUnitedHealth Group Inc. COM | 1.23% | 0.90% | 0.90% |
 HDHome Depot, Inc. (The) | 1.16% | 0.88% | 0.88% |
 JNJJohnson & Johnson COM | 0.85% | 1.49% | 0.85% |
 ABBVAbbVie Inc. COM | 0.78% | 1.00% | 0.78% |
 CSCOCisco Systems, Inc. COM | 0.75% | 0.97% | 0.75% |
 MRKMerck & Co., Inc COM | 1.06% | 0.73% | 0.73% |
 TXNTexas Instruments Inc. COM | 0.85% | 0.69% | 0.69% |
 WFCWells Fargo & Co. COM | 0.89% | 0.68% | 0.68% |
 KOCoca-Cola Co (The) COM | 0.65% | 0.82% | 0.65% |
 LINLinde PLC COM EUR0.001 | 0.76% | 0.63% | 0.63% |
 GEGeneral Electric Co. | 0.63% | 0.82% | 0.63% |
 PEPPepsico Inc COM | 0.63% | 0.58% | 0.58% |
 VZVerizon Communications Inc. COM | 0.66% | 0.54% | 0.54% |
 MAMasterCard Incorporated CL A | 0.51% | 1.10% | 0.51% |
 DISWalt Disney Company COM | 0.61% | 0.49% | 0.49% |
Frequently Asked Questions
How much do SPYV and XLG overlap?
SPYV and XLG overlap by 35.0% of portfolio weight. They share 37 holdings (SPYV holds 438 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPYV and XLG?
The two portfolios are 35.0% 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 SPYV and XLG?
The largest positions held by both funds are AAPL, AMZN, WMT, COST and TSLA. Together the top 10 shared positions account for 59% of the total overlap.
What does SPYV own that XLG doesn't?
401 positions (61.6% of SPYV) are unique to SPYV, led by XOM, INTC and C. In the other direction, 14 positions (51.5% of XLG) are unique to XLG.