IWD vs XLB: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · Materials Select Sector SPDR ETF (XLB)
overlap by weight · 25 shared holdings
IWD: 866 holdings (as of 2026-03-31) · XLB: 26 holdings (as of 09-Jul-2026)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
IWD and XLB hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in IWD | in XLB |
|---|---|---|---|
| LINDE PUBLIC LIMITED COMPANY | LIN | 0.77% | 14.41% |
| NEWMONT CORPORATION | NEM | 0.39% | 6% |
| FREEPORT-MCMORAN INC. | FCX | 0.28% | 5.16% |
| CRH PUBLIC LIMITED COMPANY | CRH | 0.23% | 4.61% |
| AIR PRODUCTS AND CHEMICALS, INC. | APD | 0.21% | 4.72% |
| CORTEVA, INC. | CTVA | 0.19% | 4.97% |
| ECOLAB INC. | ECL | 0.16% | 4.69% |
| NUCOR CORPORATION | NUE | 0.13% | 3.91% |
| VULCAN MATERIALS COMPANY | VMC | 0.12% | 4.67% |
| MARTIN MARIETTA MATERIALS, INC. | MLM | 0.12% | 4.56% |
FAQ
How much do IWD and XLB overlap?
IWD and XLB have a 3.5% overlap by weight, sharing 25 holdings (out of 866 in IWD and 26 in XLB), based on official issuer holdings as of 2026-03-31.
What does 3.5% overlap mean?
IWD and XLB hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and XLB both hold?
The largest shared positions are LINDE PUBLIC LIMITED COMPANY, NEWMONT CORPORATION, FREEPORT-MCMORAN INC., CRH PUBLIC LIMITED COMPANY, AIR PRODUCTS AND CHEMICALS, INC.. The full list of top shared holdings with weights in each fund is shown on this page.