Which returned more over the last year, PKW or SDY?

In the year to Oct 9, 2026, with distributions reinvested, PKW returned +12.5% and SDY +10.0%.

Which is cheaper, PKW or SDY?

SDY is cheaper, by 0.28 percentage points a year. On $10,000 held for a year that difference is about $28. Fees come from each fund's prospectus.

How much do PKW and SDY overlap with the S&P 500?

By their latest filed holdings, 69% of PKW and 84% of SDY by weight is stocks the S&P 500 already holds.

Share on X Download as PDF Compare their flows Ask about these two funds

PKW vs SDY: how they differ

PKW and SDY hold 4% of their weight in the same names, and PKW returned +12.5% over the year. Invesco BuyBack Achievers ETF and State Street SPDR S&P Dividend ETF.

SDY costs 0.28 points a year less; their one-year returns differ by 2.5 points; SDY is 12.2 times larger.

	PKW	SDY
Expense ratio	0.63%	0.35%
Net assets, PKW as of Oct 9, 2026 and SDY as of Oct 8, 2026	$1.7bn	$20.8bn
Total return, 1 year	+12.5%	+10.0%
Holdings in common	4%
Nasdaq-100, total return, 1 year	+23.6%
Top ten holdings, share of the fund	41.3%	20.5%
Below its high	4.5%, high on Sep 3, 2026	5.8%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 8, 2026.

+12.5%

PKW total return, 1 year

+10.0%

SDY total return, 1 year

0.63%

PKW expense ratio

0.35%

SDY expense ratio

What they hold in common

By the books each fund has filed, PKW and SDY hold 4% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026.

50%

half

4% in common

Positions both hold, largest shared weight first

Holding PKW SDY

Aflac Inc 1.83% 0.87%

Travelers Cos Inc/The 2.55% 0.68%

Ameriprise Financial Inc 1.36% 0.63%

Carlisle Cos Inc 0.44% 0.53%

Globe Life Inc 0.40% 0.30%

Ryder System Inc 0.28% 0.38%

RenaissanceRe Holdings Ltd 0.42% 0.24%

ABM Industries Inc 0.09% 0.12%

Only in PKW

Salesforce Inc 5.98%

Charles Schwab Corp/The 4.89%

Wells Fargo & Co 4.63%

Bank of America Corp 4.39%

Citigroup Inc 4.26%

Marathon Petroleum Corp 4.18%

Valero Energy Corp 4.07%

Johnson Controls International plc 3.26%

Only in SDY

ACCENTURE PLC CL A 3.49%

VERIZON COMMUNICATIONS INC 3.09%

CHEVRON CORP 2.11%

REALTY INCOME CORP 1.96%

PEPSICO INC 1.85%

MEDTRONIC PLC 1.77%

TARGET CORP 1.76%

AUTOMATIC DATA PROCESSING 1.52%

Check overlap with more funds →

On the same fields

PKW

Invesco BuyBack Achievers ETF

SDY

State Street SPDR S&P Dividend ETF

Where it sits Stock ETF Stock ETF

Issuer Invesco State Street

What it is Tracks an index Tracks the S&P Dividend

Total return, 1 year +12.5% +10.0%

S&P 500 over the same days +17.3% +17.3%

Gap to the S&P 500 −4.8 pts −7.3 pts

Expense ratio 0.63% 0.35%

Already in the S&P 500 68.8% 84.4%

Holdings 288 156

Net assets, PKW as of Oct 9, 2026 and SDY as of Oct 8, 2026 $1.7bn $20.8bn

PKW and SDY on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

PKW in plain words

PKW tracks an index. Over the year to Oct 9, 2026 it returned +12.5% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.63% a year. By its holdings published by its issuer for Oct 8, 2026, 69% of the fund by weight is stocks the S&P 500 also holds, across 288 positions, with the top ten at 41.3%. It sat 4.5% below its high of Sep 3, 2026 on Oct 9, 2026.

SDY in plain words

SDY tracks the S&P Dividend. Over the year to Oct 9, 2026 it returned +10.0% with distributions reinvested, against +17.3% for the S&P 500 and +23.6% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 8, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 156 positions, with the top ten at 20.5%. It sat 5.8% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, PKW or SDY?: In the year to Oct 9, 2026, with distributions reinvested, PKW returned +12.5% and SDY +10.0%.
Which is cheaper, PKW or SDY?: SDY is cheaper, by 0.28 percentage points a year. On $10,000 held for a year that difference is about $28. Fees come from each fund's prospectus.
How much do PKW and SDY overlap with the S&P 500?: By their latest filed holdings, 69% of PKW and 84% of SDY by weight is stocks the S&P 500 already holds.

Other comparisons

DVY vs PKW PKW vs VOE COWZ vs PKW IWS vs PKW REGL vs SDY RPV vs SDY FEX vs SDY DHS vs SDY

PKW on its own →SDY on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

PKW filings on SEC EDGAR ↗PKW prospectus with the expense ratio (SEC) ↗Invesco page for PKW ↗SDY filings on SEC EDGAR ↗SDY prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Cite this page

ETFIQ, PKW against SDY, data as of Oct 9, 2026. https://etfiq.com/compare/any/pkw-vs-sdy

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.