SPHD vs XLRE overlap - what they share and where they differ
SPHD and XLRE share 17.2% of their weight across 9 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 XLRE
17.2%
9 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
XLRE
State Street(R) Real Estate Select Sector SPDR(R) ETF
Reported positions cover 99% of the fund, 31 positions · Jun 30, 2026
Top 10: 59.1%·Holdings of XLRE
Reported positions cover SPHD 99%, XLRE 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLRE vs SPHD side by side
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
49
stock positions reported to the SEC
78.2% of its weight is in 40 names XLRE does not hold
XLREState Street(R) Real Estate Select Sector SPDR(R) ETF
31
stock positions reported to the SEC
75.3% of its weight is in 22 names SPHD does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Real Estate: XLRE has 71.9 points more of it.
The figures side by side
| SPHD | XLRE | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 49 | 31 |
| Weight of the ten largest | 29.1% | 59.1% |
| Largest position | VZ 3.5% | WELL 11.0% |
| Held alone | 40 positions, 78.2% | 22 positions, 75.3% |
| Covered by stock positions | 99% | 99% |
Holdings they share
| Stock | In SPHD | In XLRE | Counted |
|---|---|---|---|
| VICIVICI Properties Inc. | 2.66% | 3.01% | 2.66% |
| ORealty Income Corp. | 2.42% | 4.55% | 2.42% |
| CCICrown Castle Inc. | 2.39% | 3.42% | 2.39% |
| EXRExtra Space Storage Inc. | 2.10% | 3.18% | 2.10% |
| PSAPublic Storage | 2.07% | 4.48% | 2.07% |
| KIMKimco Realty Corp. | 2.44% | 1.77% | 1.77% |
| DOCHealthpeak Properties, Inc. | 3.22% | 1.53% | 1.53% |
| UDRUDR, Inc. | 1.95% | 1.22% | 1.22% |
| BXPBXP, Inc. | 1.93% | 1.02% | 1.02% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SPHD
Only in XLRE
Questions people ask
Is SPHD the same as XLRE?
17.2% of their weight sits in the same 9 holdings. SPHD also reports VZ, MO, KHC, which the other does not. XLRE also reports WELL, PLD, EQIX, which the other does not.
How is the overlap between SPHD and XLRE 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 99% of XLRE, so the number cannot exceed the smaller coverage.
Which holds more, XLRE or SPHD?
SPHD reports 49 stock positions and XLRE reports 31. 78.2% of SPHD's weight sits in names XLRE does not hold, and 75.3% of XLRE's weight in names SPHD does not hold. The ten largest positions are 29.1% of SPHD and 59.1% of XLRE.
How do SPHD and XLRE differ by sector?
The widest gap is Real Estate: XLRE has 71.9 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.