etf overlap · little overlap

iShares Core S&P 500 ETF logoIndustrial Select Sector SPDR logoIVV vs XLI overlap

8.1% of IVV and XLI is the same money, spread over 83 companies both funds hold.

Holdings as of September 24, 2026 · source: iShares (IVV), SPDR (XLI)

overlapfull holdings, by weight
8.1%of each fund is money the other holds at the same weight, across 83 shared companies.
IVV
8%92%
XLI
8%92%
  • same money
  • same companies, extra weight
  • only in this fund
Overlap = the sum, over companies both funds hold, of the smaller of the two weights. Cash and derivatives excluded.
01Shared

The companies you would own twice

held by bothtop 15 of 83
companyIVVXLI
CATERPILLAR INC logoCATCATERPILLAR INC0.56%6.88%
GE AEROSPACE logoGEGE AEROSPACE0.50%6.17%
GEGEVGE VERNOVA0.38%4.73%
RTX logoRTXRTX0.38%4.73%
DEERE logoDEDEERE0.26%3.24%
EATON PLC logoETNEATON PLC0.26%3.18%
UNUNPUNION PACIFIC0.24%3.03%
BABABOEING0.23%2.89%
UBER TECHNOLOGIES logoUBERUBER TECHNOLOGIES0.21%2.63%
PARKER-HANNIFIN logoPHPARKER-HANNIFIN0.18%2.29%
LMLMTLOCKHEED MARTIN CORP0.16%1.98%
AUTOMATIC DATA PROCESSING INC logoADPAUTOMATIC DATA PROCESSING INC0.16%1.94%
QUANTA SERVICES INC logoPWRQUANTA SERVICES INC0.15%1.80%
TRANE TECHNOLOGIES PLC logoTTTRANE TECHNOLOGIES PLC0.15%1.79%
VRVRTVERTIV HOLDINGS CLASS A0.14%1.76%
02Different

What only one of them gives you

only in IVV420 names
NVIDIA logoNVDANVIDIA8.18%
APPLE logoAAPLAPPLE7.37%
MICROSOFT logoMSFTMICROSOFT5.56%
AMAZON.COM INC logoAMZNAMAZON.COM INC3.68%
ALPHABET CLASS A logoGOOGLALPHABET CLASS A3.02%
META PLATFORMS CLASS A logoMETAMETA PLATFORMS CLASS A2.58%
BROADCOM INC logoAVGOBROADCOM INC2.51%
ALPHABET CLASS C logoGOOGALPHABET CLASS C2.42%
only in XLI0 names

Every XLI holding is also in the other fund.

03Sectors

Where each fund puts its money

sectorsIVV vs XLI, share of each fund
Industrials8.07%99.82%
Information Technology39.15%0.00%
Financials11.56%0.00%
Communication Services10.06%0.00%
Health Care9.27%0.00%
Consumer Discretionary8.65%0.00%
Consumer Staples4.39%0.00%
Energy3.42%0.00%
Utilities1.86%0.00%
Materials1.72%0.00%
Real Estate1.72%0.00%
04Questions

IVV and XLI: what people ask

questions4 answered

How much do IVV and XLI overlap?

8.1% by weight, as of September 24, 2026: little overlap. 83 companies appear in both funds; they make up 8.1% of IVV and 100% of XLI.

Which stocks do IVV and XLI both hold?

The largest shared positions are CAT, GE, GEV, RTX and DE. Ranked by the smaller of the two weights, which is the part you would own twice.

Is it redundant to hold both IVV and XLI?

Out of every $100 split evenly between them, about $8 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 420 names only in IVV, 0 only in XLI. 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 iShares and SPDR publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart.

Hold IVV and XLI?Import your positions and see what your funds hold together, company by company, with the fees you pay on each.Import my portfolio

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.