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ETF comparison

SPLV vs SPY

Low Volatility Factor vs US Large Cap.

Invesco S&P 500 Low Volatility ETF · State Street SPDR S&P 500 ETF Trust

Holdings overlap

Weighted by ISIN/CUSIP
16.3 %

100 positions appear in both funds. Buying equal dollars of SPLV and SPY would leave roughly 16.3% of each dollar exposed to the same underlying securities.

SPLV unmatched 83.5% Shared 16.3% SPY unmatched 83.6%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In SPLV only
1 positions
Shared
100 positions
In SPY only
404 positions

Side by side

SPLV

Invesco S&P 500 Low Volatility ETF

Invesco · Low Volatility Factor

85 composite / 100
Expense ratio
0.25%
Net assets
$7.57B
TTM yield
2.12%
Top-10 conc.
12.5%
SPY

State Street SPDR S&P 500 ETF Trust

State Street · US Large Cap

88 composite / 100
Expense ratio
0.094%
Net assets
$796.87B
TTM yield
1.01%
Top-10 conc.
37.3%

Sub-score comparison

75
Cost
91
84
Tax efficiency
88
95
Liquidity
100
96
Concentration
61
—
Tracking quality
—
SPLV sub-score SPY

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPY is 16 bps cheaper than SPLV. On a $100,000 position that's about $156/yr more in fees for SPLV.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SPLV vs SPY.

Top shared holdings

100 shared in total
# Holding In SPLV In SPY Overlap
1 Berkshire Hathaway Inc. 1.36% 1.63% 1.36%
2 Johnson & Johnson 1.12% 1.00% 1.00%
3 Visa Inc. 0.98% 1.12% 0.98%
4 JPMorgan Chase & Co. 0.88% 1.41% 0.88%
5 Mastercard Inc. 0.96% 0.82% 0.82%
6 Costco Wholesale Corp. 1.01% 0.70% 0.70%
7 Chevron Corp. 0.93% 0.65% 0.65%
8 Procter & Gamble Co. (The) 1.05% 0.59% 0.59%
9 Coca-Cola Co. (The) 1.11% 0.56% 0.56%
10 Bank of America Corp. 0.89% 0.51% 0.51%
11 Linde PLC 1.10% 0.36% 0.36%
12 McDonald's Corp. 1.07% 0.30% 0.30%

Only in SPLV

1 total
  • Invesco Government & Agency Portfolio 0.08%

Only in SPY

404 total
  • APPLE INC 7.69%
  • NVIDIA CORP 7.30%
  • MICROSOFT CORP 6.22%
  • AMAZON.COM INC 3.94%
  • ALPHABET INC CL A 2.56%
  • BROADCOM INC 2.33%
  • META PLATFORMS INC CLASS A 2.09%
  • ALPHABET INC CL C 2.06%
  • ELI LILLY + CO 1.71%
  • TESLA INC 1.64%

Percentages are holdings overlap with the named fund.

Open SPLV or SPY at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.