IWD vs XLE: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · Energy Select Sector SPDR ETF (XLE)
overlap by weight · 18 shared holdings
IWD: 866 holdings (as of 2026-03-31) · XLE: 21 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 XLE 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 XLE |
|---|---|---|---|
| CHEVRON CORPORATION | CVX | 1.28% | 14.67% |
| CONOCOPHILLIPS | COP | 0.54% | 5.92% |
| THE WILLIAMS COMPANIES, INC. | WMB | 0.28% | 4.43% |
| EOG RESOURCES, INC. | EOG | 0.26% | 4.44% |
| VALERO ENERGY CORPORATION | VLO | 0.25% | 4.64% |
| MARATHON PETROLEUM CORPORATION | MPC | 0.24% | 4.8% |
| SLB N.V. | SLB | 0.23% | 4.47% |
| PHILLIPS 66 | PSX | 0.22% | 4.79% |
| KINDER MORGAN, INC. | KMI | 0.21% | 4.28% |
| BAKER HUGHES COMPANY | BKR | 0.2% | 3.83% |
FAQ
How much do IWD and XLE overlap?
IWD and XLE have a 4.6% overlap by weight, sharing 18 holdings (out of 866 in IWD and 21 in XLE), based on official issuer holdings as of 2026-03-31.
What does 4.6% overlap mean?
IWD and XLE hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and XLE both hold?
The largest shared positions are CHEVRON CORPORATION, CONOCOPHILLIPS, THE WILLIAMS COMPANIES, INC., EOG RESOURCES, INC., VALERO ENERGY CORPORATION. The full list of top shared holdings with weights in each fund is shown on this page.