SPLV vs SPYD overlap - what they share and where they differ

SPLV and SPYD share 25.4% of their weight across 25 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.

SPLV and SPYD

25.4%

25 shared positions

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

SPYD

State Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF

Reported positions cover 99% of the fund, 78 positions · Jun 30, 2026

Top 10: 15.0%·Holdings of SPYD

Reported positions cover SPLV 100%, SPYD 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

SPYD vs SPLV side by side

SPLVInvesco S&P 500 Low Volatility ETF

100

stock positions reported to the SEC

74.1% of its weight is in 75 names SPYD does not hold

SPYDState Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF

78

stock positions reported to the SEC

67.0% of its weight is in 53 names SPLV does not hold

Where each fund's weight sits

SPLV
SPYD
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Utilities
26.9%
13.2%
Real Estate
15.9%
25.9%
Financial Services
17.2%
8.6%
Consumer Cyclical
0.0%
11.5%
Consumer Defensive
8.5%
0.0%
Healthcare
7.6%
7.6%

The widest gap is Utilities: SPLV has 13.7 points more of it.

The figures side by side

SPLVSPYD
Filing dateMay 31, 2026Jun 30, 2026
Stock positions reported10078
Weight of the ten largest12.5%15.0%
Largest positionFE 1.3%IRM 1.6%
Held alone75 positions, 74.1%53 positions, 67.0%
Covered by stock positions100%99%

Holdings they share

StockIn SPLVIn SPYDCounted
DUKDuke Energy Corp.1.25%1.27%1.25%
EVRGEvergy, Inc.1.22%1.34%1.22%
FEFirstEnergy Corp.1.34%1.20%1.20%
ORealty Income Corp.1.19%1.20%1.19%
PNWPinnacle West Capital Corp.1.19%1.37%1.19%
REGRegency Centers Corp.1.18%1.34%1.18%
DDominion Energy, Inc.1.13%1.34%1.13%
VICIVICI Properties Inc.1.18%1.12%1.12%
FRTFederal Realty Investment Trust1.09%1.44%1.09%
EXCExelon Corp.1.06%1.24%1.06%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in SPLV

LLoews Corp.1.29%
BRK.ABerkshire Hathaway Inc.1.28%
AEEAmeren Corp.1.24%
WECWEC Energy Group Inc.1.24%
CNPCenterPoint Energy, Inc.1.23%
LNTAlliant Energy Corp.1.23%
DTEDTE Energy Co.1.22%
CMSCMS Energy Corp.1.18%
KOCoca-Cola Co. (The)1.18%
LINLinde PLC1.17%

Only in SPYD

IRMIron Mountain Inc1.61%
FRANKLIN RESOURCES INC1.56%
CVSCVS Health Corp1.52%
HSTHost Hotels & Resorts Inc1.52%
APAAPA Corp1.47%
EIXEdison International1.47%
TGTTarget Corp1.47%
VTRSViatris Inc1.45%
DOCHealthpeak Properties Inc1.43%
EOGEOG Resources Inc1.43%

Questions people ask

Is SPLV the same as SPYD?

25.4% of their weight sits in the same 25 holdings. SPLV also reports L, BRK.A, AEE, which the other does not. SPYD also reports IRM, FRANKLIN RESOURCES INC, CVS, which the other does not.

How is the overlap between SPLV and SPYD measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of SPLV and 99% of SPYD, so the number cannot exceed the smaller coverage.

Which holds more, SPYD or SPLV?

SPLV reports 100 stock positions and SPYD reports 78. 74.1% of SPLV's weight sits in names SPYD does not hold, and 67.0% of SPYD's weight in names SPLV does not hold. The ten largest positions are 12.5% of SPLV and 15.0% of SPYD.

How do SPLV and SPYD differ by sector?

The widest gap is Utilities: SPLV has 13.7 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.

Add a third fund in the tool·All fund pairs

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.