etf overlap tool · light overlap
VIG vs XLF overlap
20% of VIG and XLF is the same money, spread over 38 companies both funds hold.
Holdings as of September 30, 2026 · source: Vanguard (VIG), SPDR (XLF) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold VIG and XLF with other funds or stocks? The free portfolio optimizer opens VIG and XLF 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
MSFTMicrosoft Corp4.91%
AAPLApple Inc4.89%
AVGOBroadcom Inc4.30%
LLYEli Lilly & Co4.10%
JNJJohnson & Johnson2.83%
WMTWalmart Inc2.05%
ABBVAbbVie Inc2.05%
WFCWELLS FARGO + CO3.24%
CCITIGROUP INC2.66%
USBUS BANCORP1.17%Where each fund puts its money
VIG and XLF: what people ask
How much do VIG and XLF overlap?
20% by weight, as of September 30, 2026: light overlap. 38 companies appear in both funds; they make up 20% of VIG and 60% of XLF.
Which stocks do VIG and XLF both hold?
The largest shared positions are JPM, V, MA, BAC and GS. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VIG and XLF?
Out of every $100 split evenly between them, about $20 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 295 names only in VIG, 38 only in XLF. Half in each behaves like 44 equally weighted stocks, against 54 for VIG alone and 19 for XLF 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.