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

SPYD and VNQ share 19.3% of their weight across 21 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.

SPYD and VNQ

19.3%

21 shared positions

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

VNQ

VANGUARD REAL ESTATE INDEX FUND

Reported positions cover 100% of the fund, 144 positions · Apr 30, 2026

Top 10: 54.7%·Holdings of VNQ

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

VNQ vs SPYD side by side

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

78

stock positions reported to the SEC

72.1% of its weight is in 57 names VNQ does not hold

VNQVANGUARD REAL ESTATE INDEX FUND

144

stock positions reported to the SEC

69.5% of its weight is in 123 names SPYD does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Real Estate
25.9%
79.0%
Utilities
13.2%
1.4%
Consumer Cyclical
11.5%
0.3%
Financial Services
8.6%
0.0%
Healthcare
7.6%
0.0%
Technology
0.0%
1.3%

The widest gap is Real Estate: VNQ has 53.1 points more of it.

The figures side by side

SPYDVNQ
Filing dateJun 30, 2026Apr 30, 2026
Stock positions reported78144
Weight of the ten largest15.0%54.7%
Largest positionIRM 1.6%VANGUARD REAL ESTATE II INDEX FUND 14.6%
Held alone57 positions, 72.1%123 positions, 69.5%
Covered by stock positions99%100%

Holdings they share

StockIn SPYDIn VNQCounted
IRMIron Mountain Inc1.61%1.98%1.61%
SPGSimon Property Group Inc1.44%3.53%1.44%
PSAPublic Storage1.32%2.54%1.32%
EQUITY RESIDENTIAL1.32%1.25%1.25%
ORealty Income Corp1.20%3.11%1.20%
EXRExtra Space Storage Inc1.19%1.61%1.19%
VICIVICI Properties Inc1.12%1.58%1.12%
AMTAmerican Tower Corp1.10%4.54%1.10%
CCICrown Castle Inc1.04%2.05%1.04%
ESSEssex Property Trust Inc1.35%0.90%0.90%

What each holds alone

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

Only in SPYD

FRANKLIN RESOURCES INC1.56%
CVSCVS Health Corp1.52%
APAAPA Corp1.47%
EIXEdison International1.47%
TGTTarget Corp1.47%
VTRSViatris Inc1.45%
EOGEOG Resources Inc1.43%
PSXPhillips 661.43%
MOAltria Group Inc1.41%
PFGPrincipal Financial Group Inc1.41%

Only in VNQ

VANGUARD REAL ESTATE II INDEX FUND14.63%
WELLWelltower Inc7.84%
PLDPrologis Inc7.00%
EQIXEquinix Inc5.64%
DLRDigital Realty Trust Inc3.66%
CBRECBRE Group Inc2.25%
VTRVentas Inc2.19%
AWXAvalonBay Communities Inc1.38%
SBACSBA Communications Corp1.25%
WYWeyerhaeuser Co0.94%

Questions people ask

Is SPYD the same as VNQ?

19.3% of their weight sits in the same 21 holdings. SPYD also reports FRANKLIN RESOURCES INC, CVS, APA, which the other does not. VNQ also reports VANGUARD REAL ESTATE II INDEX FUND, WELL, PLD, which the other does not.

How is the overlap between SPYD and VNQ 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 SPYD and 100% of VNQ, so the number cannot exceed the smaller coverage.

Which holds more, VNQ or SPYD?

SPYD reports 78 stock positions and VNQ reports 144. 72.1% of SPYD's weight sits in names VNQ does not hold, and 69.5% of VNQ's weight in names SPYD does not hold. The ten largest positions are 15.0% of SPYD and 54.7% of VNQ.

How do SPYD and VNQ differ by sector?

The widest gap is Real Estate: VNQ has 53.1 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.