XLY vs VWCE overlap

5.3% by weight, as of September 24, 2026: little overlap. 38 companies appear in both funds; they make up 98% of XLY and 5.3% of VWCE.

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.

Out of every $100 split evenly between them, about $5 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 9 names only in XLY, 3,757 only in VWCE. Half in each behaves like 32 equally weighted stocks, against 10 for XLY alone and 107 for VWCE alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

VWCE is Vanguard FTSE All-World UCITS ETF (USD) Accumulating (ISIN IE00BK5BQT80), an Irish-domiciled UCITS fund on the FTSE All-World index. Next to XLY, 5.3% of the money is the same, spread over 38 companies both hold, as of September 24, 2026.

Yes. VWCE also trades as VWRA (London, USD) and VWRP (London, GBP), and VWRL (ISIN IE00B3RBWM25) is its distributing share class. Each is the same portfolio in another currency, on another exchange or paying its dividends out, so XLY vs VWRA also overlaps 5.3%.

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 and Vanguard 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.