DGRO vs RSP Overlap
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 31.31%. They share 215 holdings in the loaded dataset, led by LMT, NOC, and LRCX.
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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 31.31%. They share 215 holdings in the loaded dataset, led by LMT, NOC, and LRCX.
- 31.31% weighted overlap across 215 shared holdings.
- The top three shared holdings explain 2.49% of the measured overlap.
- RSP is the broader fund, while DGRO is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- DGRO holdings
- Mar 12, 2026
- RSP holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
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 LMT, NOC, and LRCX, which explains why the score lands at 31.31%.
How They Differ
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.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 2.49% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
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.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 2.49% 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.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between DGRO and RSP.
| Holding | Name | DGRO Wt. | RSP Wt. | Overlap |
|---|---|---|---|---|
| LMT | LOCKHEED MARTIN CORP | 0.82% | 0.27% | 0.27% |
| NOC | NORTHROP GRUMMAN CORP | 0.38% | 0.26% | 0.26% |
| LRCX | LAM RESEARCH CORP | 0.39% | 0.25% | 0.25% |
| FDX | FEDEX CORP | 0.37% | 0.25% | 0.25% |
| DE | DEERE | 0.46% | 0.25% | 0.25% |
| LHX | L3HARRIS TECHNOLOGIES INC | 0.26% | 0.25% | 0.25% |
| AMAT | APPLIED MATERIAL INC | 0.42% | 0.25% | 0.25% |
| HON | HONEYWELL INTERNATIONAL INC | 0.85% | 0.24% | 0.24% |
| XOM | EXXON MOBIL CORP | 3.62% | 0.24% | 0.24% |
| GILD | GILEAD SCIENCES INC | 1.08% | 0.24% | 0.24% |
Why These ETFs Overlap
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 LMT, NOC, and LRCX, 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.
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Frequently Asked Questions About DGRO and RSP
What is the overlap between DGRO and RSP?+
How many holdings do DGRO and RSP share?+
Is the DGRO and RSP overlap high?+
Why do DGRO and RSP overlap?+
Which ETF is broader, DGRO or RSP?+
How Overlap Is Calculated
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.