DVY vs SPY: Complete Comparison
iShares Select Dividend ETF vs SPDR S&P 500 ETF Trust โ overlap, correlation, performance & risk analysis
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SPY wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SPY wins with better expense ratio and number of holdings and 5-year return. Consider SPY for your portfolio, but DVY is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
65 shared holdings representing 8.0% portfolio overlap
Top Shared Holdings
| # | Stock | DVY Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | XOM XOM | 1.20% | 0.85% | 0.85% |
| 2 | CVX CVX | 1.32% | 0.48% | 0.48% |
| 3 | IBM IBM | 0.96% | 0.48% | 0.48% |
| 4 | KO KO | 0.87% | 0.46% | 0.46% |
| 5 | MRK MRK | 1.17% | 0.45% | 0.45% |
| 6 | PM PM | 1.03% | 0.43% | 0.43% |
| 7 | MCD MCD | 0.71% | 0.38% | 0.38% |
| 8 | T T | 1.20% | 0.29% | 0.29% |
| 9 | NEE NEE | 1.10% | 0.28% | 0.28% |
| 10 | GILD GILD | 0.92% | 0.26% | 0.26% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in DVY
Unique to DVY
| Symbol | Name | Weight |
|---|---|---|
| STX | STX | 2.68% |
| VZ | VZ | 1.87% |
| CMA | CMA | 1.23% |
| FHN | FHN | 1.01% |
| ORI | ORI | 1.00% |
Top Holdings Only in SPY
Unique to SPY
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 7.73% |
| AAPL | AAPL | 6.82% |
| MSFT | MSFT | 6.11% |
| AMZN | AMZN | 3.81% |
| GOOGL | GOOGL | 3.08% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.
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