etf overlap tool · little overlap
XLF vs VWCE overlap
99% of XLF's money sits in companies VWCE also holds; 6.7% of the two funds is the same money, spread over 69 companies both hold.
Holdings as of September 30, 2026 · source: SPDR (XLF), Vanguard (VWCE) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold XLF and VWCE with other funds or stocks? The free portfolio optimizer opens XLF and VWCE beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
The companies you would own twice
What only one of them gives you
AMZNAmazon.com Inc2.27%Where each fund puts its money
XLF and VWCE: what people ask
How much do XLF and VWCE overlap?
6.7% by weight, as of September 30, 2026: little overlap. 69 companies appear in both funds; they make up 99% of XLF and 6.7% of VWCE.
Which stocks do XLF and VWCE both hold?
The largest shared positions are JPM, BRK-B, V, MA and BAC. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both XLF and VWCE?
Out of every $100 split evenly between them, about $7 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 7 names only in XLF, 3,726 only in VWCE. Half in each behaves like 59 equally weighted stocks, against 19 for XLF alone and 107 for VWCE alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
What is VWCE, next to XLF?
VWCE is Vanguard FTSE All-World UCITS ETF (USD) Accumulating (ISIN IE00BK5BQT80), an Irish-domiciled UCITS fund on the FTSE All-World index. Next to XLF, 6.7% of the money is the same, spread over 69 companies both hold, as of September 30, 2026.
Does the XLF vs VWCE overlap apply to other tickers?
Yes. VWCE also trades as VWRA (London, USD) and VWRP (London, GBP), and VWRL (ISIN IE00B3RBWM25) is its distributing share class. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so XLF vs VWRA also overlaps 6.7%.
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 SPDR and Vanguard 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.