etf overlap tool · little overlap
SMH vs XLU overlap
SMH and XLU hold no company in common, and share no sector either: SMH is 100% Information Technology, XLU 100% Utilities.
Holdings as of October 16, 2026 · source: VanEck (SMH), SPDR (XLU) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
What only one of them gives you
No stock and no sector in common
SMH and XLU: what people ask
How much do SMH and XLU overlap?
None by holdings, as of October 16, 2026: no company appears in both funds. They share no sector either.
Which stocks do SMH and XLU both hold?
None. SMH and XLU have no holding in common.
Is it redundant to hold both SMH and XLU?
No. Out of every $100 split evenly between them, none buys the same company. Half in each gives you 57 different holdings that behave like 31 equally weighted stocks, against 13 for SMH alone and 20 for XLU alone. Whether that mix suits you depends on what you want to own; 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 VanEck 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.