etf overlap · light overlap
VTV vs XLI overlap
14% of VTV and XLI is the same money, spread over 50 companies both funds hold.
Holdings as of August 31, 2026 · source: Vanguard (VTV), SPDR (XLI) · 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 XLI: what people ask
How much do VTV and XLI overlap?
14% by weight, as of August 31, 2026: light overlap. 50 companies appear in both funds; they make up 14% of VTV and 73% of XLI.
Which stocks do VTV and XLI both hold?
The largest shared positions are CAT, RTX, UNP, GE and DE. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VTV and XLI?
Out of every $100 split evenly between them, about $14 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 256 names only in VTV, 33 only in XLI. Half in each behaves like 95 equally weighted stocks, against 102 for VTV alone and 40 for XLI 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.