etf overlap tool · little overlap
ITOT vs XLU overlap
99.8% of XLU's money sits in companies ITOT also holds; 1.8% of the two funds is the same money, spread over 31 companies both hold.
Holdings as of October 16, 2026 · source: iShares (ITOT), SPDR (XLU) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
AMZNAMAZON.COM INC3.32%Where each fund puts its money
ITOT and XLU: what people ask
How much do ITOT and XLU overlap?
1.8% by weight, as of October 16, 2026: little overlap. 31 companies appear in both funds; they make up 1.8% of ITOT and 99.8% of XLU.
Which stocks do ITOT and XLU both hold?
The largest shared positions are NEE, SO, DUK, CEG and AEP. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both ITOT and XLU?
Out of every $100 split evenly between them, about $2 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 2,392 names only in ITOT, 1 only in XLU. Half in each behaves like 57 equally weighted stocks, against 56 for ITOT alone and 20 for XLU alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files iShares and SPDR publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.