DGRO is a dividend-focused equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. DGRO and RSP show meaningful overlap, with an estimated weighted overlap of 29.84%. They share 209 holdings in the loaded dataset, led by MCHP, QCOM, and ELV.
Freshly computed.
Quick Answer
DGRO is a dividend-focused equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. DGRO and RSP show meaningful overlap, with an estimated weighted overlap of 29.84%. They share 209 holdings in the loaded dataset, led by MCHP, QCOM, and ELV.
Data Freshness
Review the methodology for the overlap formula and refresh policy.
Compare another pair
DGRO is a dividend-focused equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. DGRO and RSP overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as MCHP, QCOM, and ELV, which explains why the score lands at 29.84%.
DGRO is a dividend-focused equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. RSP is the broader fund, while DGRO is the more targeted sleeve. DGRO has the lower expense ratio, while RSP charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 2.61% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, RSP is usually the wider choice. If you want the more focused tilt, DGRO is the narrower expression. DGRO has the lower expense ratio, while RSP charges more for its exposure.
Concentration
The top three shared holdings explain 2.61% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
These are the holdings contributing the most to the overlap score between DGRO and RSP.
| Holding | Name | DGRO Wt. | RSP Wt. | Overlap |
|---|---|---|---|---|
| MCHP | MICROCHIP TECHNOLOGY INC | 0.31% | 0.27% | 0.27% |
| QCOM | QUALCOMM INC | 1.10% | 0.26% | 0.26% |
| ELV | ELEVANCE HEALTH INC | 0.45% | 0.25% | 0.25% |
| UNH | UNITEDHEALTH GROUP INC | 2.31% | 0.25% | 0.25% |
| ADI | ANALOG DEVICES INC | 0.54% | 0.24% | 0.24% |
| CAT | CATERPILLAR INC | 0.79% | 0.24% | 0.24% |
| AVGO | BROADCOM INC | 3.25% | 0.23% | 0.23% |
| STT | STATE STREET CORP | 0.26% | 0.23% | 0.23% |
| CMI | CUMMINS INC | 0.30% | 0.23% | 0.23% |
| MS | MORGAN STANLEY | 1.28% | 0.23% | 0.23% |
DGRO is a dividend-focused equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are MCHP, QCOM, and ELV, which appear in both portfolios and push the overlap score higher.
Holding both DGRO and RSP can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
Go deeper
Portwise gives you full portfolio diagnostics — concentration risk, hidden risk scoring, drawdown analysis, and risk evolution tracking. Free to start.
Stay informed
Portfolio overlap alerts, new comparison data, and investing insights from the CG Corp team. No spam, unsubscribe anytime.
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.