SDY vs VNQ ETF holdings comparison
SPDR S&P Dividend ETF (SDY) · Vanguard Real Estate ETF (VNQ)
SDY and VNQ overlap by 4.2% by portfolio weight. The remaining 95.8 percentage points are not counted as shared holdings weight by this calculation. They share 5 stocks; the largest shared position is Realty Income Corp (O), contributing 2.15% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SDY and VNQ share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
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.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in SDY | in VNQ |
|---|---|---|---|
| Realty Income Corp | O | 2.15% | 3.11% |
| Essex Property Trust Inc | ESS | 0.78% | 0.90% |
| Equity Lifestyle Properties | ELS | 0.52% | 0.62% |
| Federal Realty Invs Trust | FRT | 0.38% | 0.48% |
| Nnn Reit Inc | NNN | 0.35% | 0.44% |
Holdings only in SDY or VNQ
SDY has 151 fund-only positions representing approximately 95.6 percentage points of reported exposure; VNQ has 140 fund-only positions representing approximately 94.1 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in SDY
| Company | Ticker | Weight |
|---|---|---|
| Verizon Communications Inc | VZ | 3.21% |
| Accenture Plc Cl A | ACN | 2.96% |
| Pepsico Inc | PEP | 1.94% |
| Chevron Corp | CVX | 1.89% |
| Target Corp | TGT | 1.75% |
| Medtronic Plc | MDT | 1.74% |
| Nike Inc Cl B | NKE | 1.58% |
| Kimberly Clark Corp | KMB | 1.54% |
| Kenvue Inc | KVUE | 1.54% |
| Automatic Data Processing | ADP | 1.50% |
Largest positions only in VNQ
| Company | Ticker | Weight |
|---|---|---|
| Vanguard Real Estate II Index Fund | VRTPX | 14.63% |
| Welltower Inc | WELL | 7.84% |
| Prologis Inc | PLD | 7.00% |
| Equinix Inc | EQIX | 5.64% |
| American Tower Corp | AMT | 4.54% |
| Digital Realty Trust Inc | DLR | 3.66% |
| Simon Property Group Inc | SPG | 3.53% |
| Public Storage | PSA | 2.54% |
| CBRE Group Inc | CBRE | 2.25% |
| Ventas Inc | VTR | 2.19% |
FAQ
How much do SDY and VNQ overlap?
SDY and VNQ have 4.2% overlap by weight, sharing 5 equity positions (out of 156 in SDY and 145 in VNQ). The official holdings files used are dated 2026-08-25 for SDY and 2026-04-30 for VNQ.
What does 4.2% overlap mean?
SDY and VNQ share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do SDY and VNQ both hold?
The largest shared positions are Realty Income Corp, Essex Property Trust Inc, Equity Lifestyle Properties, Federal Realty Invs Trust, Nnn Reit Inc. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between SDY and VNQ?
SDY has 151 positions not found in VNQ, while VNQ has 140 positions not found in SDY. The largest fund-only positions and their weights are shown on this page.