etf overlap · little overlap
SPY vs XLY overlap
8.7% of SPY and XLY is the same money, spread over 47 companies both funds hold.
Holdings as of September 24, 2026 · source: SPDR (SPY), SPDR (XLY)
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
Every XLY holding is also in the other fund.
Where each fund puts its money
SPY and XLY: what people ask
How much do SPY and XLY overlap?
8.7% by weight, as of September 24, 2026: little overlap. 47 companies appear in both funds; they make up 8.7% of SPY and 100% of XLY.
Which stocks do SPY and XLY both hold?
The largest shared positions are AMZN, TSLA, HD, MCD and TJX. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both SPY and XLY?
Out of every $100 split evenly between them, about $9 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 457 names only in SPY, 0 only in XLY. 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 SPDR publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart.
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.