etf overlap tool · little overlap
VWO vs XLI overlap
VWO and XLI hold no company in common, and their sectors barely meet (6.2% in common): VWO is 32% Information Technology, XLI 100% Industrials.
Holdings as of September 30, 2026 · source: Vanguard (VWO), SPDR (XLI) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold VWO and XLI with other funds or stocks? The free portfolio optimizer opens VWO and XLI 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.
What only one of them gives you
CATCATERPILLAR INC6.29%
GEGENERAL ELECTRIC6.10%
RTXRTX CORP4.90%
DEDEERE + CO3.02%
ETNEATON CORP PLC2.85%No stock in common, 6.2% in the same sectors
VWO and XLI: what people ask
How much do VWO and XLI overlap?
None by holdings, as of September 30, 2026: no company appears in both funds. By sector, 6.2% of their money sits in the same sectors, led by Industrials.
Which stocks do VWO and XLI both hold?
None. VWO and XLI have no holding in common.
Is it redundant to hold both VWO and XLI?
No. Out of every $100 split evenly between them, none buys the same company. Half in each gives you 5,100 different holdings that behave like 74 equally weighted stocks, against 33 for VWO alone and 41 for XLI 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.