Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SDY vs SPY: how they differ
SDY and SPY hold 14% 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 14% of their money in the same securities at the same weight.
| Holding | SDY | SPY |
|---|---|---|
| EXXONMOBIL HOLDINGS CORP | 1.42% | 1.05% |
| JOHNSON + JOHNSON | 0.97% | 0.98% |
| ABBVIE INC | 1.22% | 0.69% |
| CHEVRON CORP | 2.09% | 0.61% |
| MICROSOFT CORP | 0.54% | 5.59% |
| COCA COLA CO/THE | 1.23% | 0.52% |
| PROCTER + GAMBLE CO/THE | 1.26% | 0.51% |
| WALMART INC | 0.37% | 0.71% |
| TEXAS INSTRUMENTS INC | 0.74% | 0.36% |
| INTL BUSINESS MACHINES CORP | 1.21% | 0.34% |
| LINDE PLC | 0.49% | 0.33% |
| VERIZON COMMUNICATIONS INC | 3.33% | 0.32% |
| Only in SDY | Only in SPY |
|---|---|
| RPM INTERNATIONAL INC 0.57% | NVIDIA CORP 8.08% |
| GRACO INC 0.56% | APPLE INC 7.33% |
| CARLISLE COS INC 0.54% | AMAZON.COM INC 3.77% |
| ROYAL GOLD INC 0.53% | ALPHABET INC CL A 2.98% |
| LINCOLN ELECTRIC HOLDINGS 0.53% | BROADCOM INC 2.61% |
| ESSENTIAL UTILITIES INC 0.50% | ALPHABET INC CL C 2.39% |
| EQUITY LIFESTYLE PROPERTIES 0.50% | META PLATFORMS INC CLASS A 2.16% |
| UMB FINANCIAL CORP 0.44% | MICRON TECHNOLOGY INC 1.69% |
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 Sep 10, 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 |
| 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 | 157 | 505 |
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 Sep 10, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 157 positions, with the top ten at 20.5%. 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 Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.
Questions people ask
- Which returned more over the last year, SDY or SPY?
- In the year to Sep 13, 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, 14% of their books are the same securities at the same weight.
Other comparisons
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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 13, 2026. https://etfiq.com/compare/any/sdy-vs-spy Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources