etf overlap tool · little overlap
XLP vs VWCE overlap
94% of XLP's money sits in companies VWCE also holds; 2.6% of the two funds is the same money, spread over 27 companies both hold.
Holdings as of September 30, 2026 · source: SPDR (XLP), Vanguard (VWCE) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold XLP and VWCE with other funds or stocks? The free portfolio optimizer opens XLP 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
XLP and VWCE: what people ask
How much do XLP and VWCE overlap?
2.6% by weight, as of September 30, 2026: little overlap. 27 companies appear in both funds; they make up 94% of XLP and 2.6% of VWCE.
Which stocks do XLP and VWCE both hold?
The largest shared positions are WMT, COST, PG, KO and PM. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both XLP and VWCE?
Out of every $100 split evenly between them, about $3 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 8 names only in XLP, 3,768 only in VWCE. Half in each behaves like 61 equally weighted stocks, against 19 for XLP 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 XLP?
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 XLP, 2.6% of the money is the same, spread over 27 companies both hold, as of September 30, 2026.
Does the XLP 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 XLP vs VWRA also overlaps 2.6%.
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.