SPHD vs SPLV overlap - what they share and where they differ
SPHD and SPLV share 19.7% of their weight across 19 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
SPHD and SPLV
19.7%
19 shared positions
SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
Reported positions cover 99% of the fund, 49 positions · May 31, 2026
Top 10: 29.1%·Holdings of SPHD
SPLV
Invesco S&P 500 Low Volatility ETF
Reported positions cover 100% of the fund, 100 positions · May 31, 2026
Top 10: 12.5%·Holdings of SPLV
Reported positions cover SPHD 99%, SPLV 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPLV vs SPHD side by side
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
49
stock positions reported to the SEC
61.4% of its weight is in 30 names SPLV does not hold
SPLVInvesco S&P 500 Low Volatility ETF
100
stock positions reported to the SEC
80.0% of its weight is in 81 names SPHD does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Utilities: SPLV has 10.3 points more of it.
The figures side by side
| SPHD | SPLV | |
|---|---|---|
| Filing date | May 31, 2026 | May 31, 2026 |
| Stock positions reported | 49 | 100 |
| Weight of the ten largest | 29.1% | 12.5% |
| Largest position | VZ 3.5% | FE 1.3% |
| Held alone | 30 positions, 61.4% | 81 positions, 80.0% |
| Covered by stock positions | 99% | 100% |
Holdings they share
| Stock | In SPHD | In SPLV | Counted |
|---|---|---|---|
| FEFirstEnergy Corp. | 1.64% | 1.34% | 1.34% |
| DUKDuke Energy Corp. | 1.58% | 1.25% | 1.25% |
| DTEDTE Energy Co. | 1.53% | 1.22% | 1.22% |
| EVRGEvergy, Inc. | 1.69% | 1.22% | 1.22% |
| ORealty Income Corp. | 2.42% | 1.19% | 1.19% |
| PNWPinnacle West Capital Corp. | 1.84% | 1.19% | 1.19% |
| VICIVICI Properties Inc. | 2.66% | 1.18% | 1.18% |
| DDominion Energy, Inc. | 2.13% | 1.13% | 1.13% |
| EXCExelon Corp. | 1.59% | 1.06% | 1.06% |
| KIMKimco Realty Corp. | 2.44% | 1.03% | 1.03% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SPHD
Only in SPLV
Questions people ask
Is SPHD the same as SPLV?
19.7% of their weight sits in the same 19 holdings. SPHD also reports VZ, DOC, KHC, which the other does not. SPLV also reports L, BRK.A, AEE, which the other does not.
How is the overlap between SPHD and SPLV measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 99% of SPHD and 100% of SPLV, so the number cannot exceed the smaller coverage.
Which holds more, SPLV or SPHD?
SPHD reports 49 stock positions and SPLV reports 100. 61.4% of SPHD's weight sits in names SPLV does not hold, and 80.0% of SPLV's weight in names SPHD does not hold. The ten largest positions are 29.1% of SPHD and 12.5% of SPLV.
How do SPHD and SPLV differ by sector?
The widest gap is Utilities: SPLV has 10.3 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.