Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SDY vs SPY: how they differ
SDY and SPY hold 13% of their weight in the same names, and SPY returned more over the year.
State Street(R) SPDR(R) S&P(R) Dividend ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, SDY and SPY hold 13% of their money in the same securities at the same weight.
| Holding | SDY | SPY |
|---|---|---|
| Johnson & Johnson | 1.00% | 0.95% |
| Exxon Mobil Corp | 0.93% | 0.88% |
| AbbVie Inc | 1.63% | 0.69% |
| Procter & Gamble Co/The | 1.26% | 0.53% |
| Coca-Cola Co/The | 1.26% | 0.49% |
| Chevron Corp | 1.28% | 0.48% |
| Caterpillar Inc | 0.47% | 0.76% |
| Texas Instruments Inc | 1.56% | 0.42% |
| International Business Machines Corp | 1.27% | 0.41% |
| Microsoft Corp | 0.36% | 4.30% |
| QUALCOMM Inc | 1.57% | 0.30% |
| Analog Devices Inc | 0.61% | 0.30% |
| Only in SDY | Only in SPY |
|---|---|
| Medtronic PLC 1.30% | NVIDIA Corp. 7.52% |
| Amcor PLC 0.93% | Apple, Inc. 6.59% |
| Accenture PLC 0.88% | Amazon.com, Inc. 3.62% |
| RPM International Inc 0.64% | Alphabet, Inc. 3.25% |
| RB Global Inc 0.60% | Broadcom, Inc. 2.77% |
| Equity LifeStyle Properties Inc 0.58% | Alphabet, Inc. 2.59% |
| Linde PLC 0.56% | Micron Technology, Inc. 2.02% |
| Carlisle Cos Inc 0.56% | Meta Platforms, Inc. 1.92% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026.
| SDY State Street(R) SPDR(R) S&P(R) Dividend ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | State Street |
| What it is | SPDR S&P Dividend | S&P 500, book from IVV |
| Total return, 1 year | +11.0% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −6.5 pts | 0.0 pts |
| Expense ratio | 0.35% | 0.09% |
| Already in the S&P 500 | 84.6% | 100.0% |
| Holdings | 155 | 504 |
SDY in plain words
SDY is an index equity fund tracking the SPDR S&P Dividend. Over the year to Sep 11, 2026 it returned +11.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jun 30, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 155 positions, with the top ten at 17.1%. It sat 3.9% below its high of Aug 24, 2026 on Sep 11, 2026.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, SDY or SPY?
- In the year to Sep 12, 2026, with distributions reinvested, SDY returned +11.0% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SDY or SPY?
- SDY charges 0.35% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- How much do SDY and SPY overlap with the S&P 500?
- By their latest filed holdings, 85% of SDY and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 13% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SDY against SPY, data as of Sep 12, 2026. https://etfiq.com/compare/any/SDY-SPY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources