etf overlap tool · light overlap
VTV vs XLF overlap
80% of XLF's money sits in companies VTV also holds; 22% of the two funds is the same money, spread over 60 companies both hold.
Holdings as of September 30, 2026 · source: Vanguard (VTV), SPDR (XLF) · 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
Where each fund puts its money
VTV and XLF: what people ask
How much do VTV and XLF overlap?
22% by weight, as of September 30, 2026: light overlap. 60 companies appear in both funds; they make up 22% of VTV and 80% of XLF.
Which stocks do VTV and XLF both hold?
The largest shared positions are JPM, BRK-B, BAC, GS and WFC. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VTV and XLF?
Out of every $100 split evenly between them, about $22 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 238 names only in VTV, 16 only in XLF. Half in each behaves like 49 equally weighted stocks, against 97 for VTV alone and 19 for XLF 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 Vanguard 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.