etf overlap · little overlap
VNQ vs XLF overlap
VNQ and XLF hold no company in common, and share no sector either: VNQ is 74% Real Estate, XLF 100% Financials.
Holdings as of August 31, 2026 · source: Vanguard (VNQ), SPDR (XLF)
- same money
- same companies, extra weight
- only in this fund
What only one of them gives you
No stock and no sector in common
VNQ and XLF: what people ask
How much do VNQ and XLF overlap?
None by holdings, as of August 31, 2026: no company appears in both funds. They share no sector either.
Which stocks do VNQ and XLF both hold?
None. VNQ and XLF have no holding in common.
Is it redundant to hold both VNQ and XLF?
No. Out of every $100 split evenly between them, none buys the same company. Half in each gives you 216 different holdings that behave like 41 equally weighted stocks, against 21 for VNQ alone and 20 for XLF alone. Whether that mix suits you depends on what you want to own; 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.