IWD vs SDY: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · SPDR S&P Dividend ETF (SDY)
overlap by weight · 124 shared holdings
IWD: 866 holdings (as of 2026-03-31) · SDY: 156 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
IWD and SDY 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
| Company | Ticker | in IWD | in SDY |
|---|---|---|---|
| CHEVRON CORPORATION | CVX | 1.28% | 1.33% |
| THE PROCTER & GAMBLE COMPANY | PG | 1.12% | 1.25% |
| JOHNSON & JOHNSON | JNJ | 1.94% | 1.01% |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | IBM | 0.74% | 1.32% |
| VERIZON COMMUNICATIONS INC. | VZ | 0.7% | 2.09% |
| MCDONALD'S CORPORATION | MCD | 0.69% | 0.91% |
| NEXTERA ENERGY, INC. | NEE | 0.64% | 1.07% |
| Pepsico, Inc. | PEP | 0.6% | 1.35% |
| ABBOTT LABORATORIES | ABT | 0.58% | 1.03% |
| LINDE PUBLIC LIMITED COMPANY | LIN | 0.77% | 0.57% |
FAQ
How much do IWD and SDY overlap?
IWD and SDY have a 20.6% overlap by weight, sharing 124 holdings (out of 866 in IWD and 156 in SDY), based on official issuer holdings as of 2026-03-31.
What does 20.6% overlap mean?
IWD and SDY hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and SDY both hold?
The largest shared positions are CHEVRON CORPORATION, THE PROCTER & GAMBLE COMPANY, JOHNSON & JOHNSON, INTERNATIONAL BUSINESS MACHINES CORPORATION, VERIZON COMMUNICATIONS INC.. The full list of top shared holdings with weights in each fund is shown on this page.