DVY vs SPY: how much do they overlap?

iShares Select Dividend ETF (DVY) · SPDR S&P 500 ETF Trust (SPY)

7.4%

overlap by weight · 67 shared holdings

DVY: 100 holdings (as of 2026-04-30) · SPY: 504 holdings (as of 09-Jul-2026)

Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.

Low overlap

What this means

DVY and SPY hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.

Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.

Top shared holdings

CompanyTickerin DVYin SPY
CHEVRON CORP CVX 1.38% 0.5%
COCA-COLA COMPANY (THE) KO 0.92% 0.49%
MERCK & COMPANY INC MRK 0.87% 0.48%
PHILIP MORRIS INTERNATIONAL INC PM 1.01% 0.44%
INTERNATIONAL BUSINESS MACHINES CORP IBM 0.83% 0.43%
MCDONALD'S CORP MCD 0.69% 0.3%
NEXTERA ENERGY INC NEE 0.98% 0.28%
VERIZON COMMUNICATIONS INC VZ 1.85% 0.27%
GILEAD SCIENCES INC GILD 0.66% 0.26%
AT&T INC T 1.23% 0.22%

FAQ

How much do DVY and SPY overlap?

DVY and SPY have a 7.4% overlap by weight, sharing 67 holdings (out of 100 in DVY and 504 in SPY), based on official issuer holdings as of 2026-04-30.

What does 7.4% overlap mean?

DVY and SPY hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.

Which stocks do DVY and SPY both hold?

The largest shared positions are CHEVRON CORP, COCA-COLA COMPANY (THE), MERCK & COMPANY INC, PHILIP MORRIS INTERNATIONAL INC, INTERNATIONAL BUSINESS MACHINES CORP. The full list of top shared holdings with weights in each fund is shown on this page.

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