IWD vs XLI: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · Industrial Select Sector SPDR ETF (XLI)
overlap by weight · 66 shared holdings
IWD: 866 holdings (as of 2026-03-31) · XLI: 82 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 XLI 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 XLI |
|---|---|---|---|
| CATERPILLAR INC. | CAT | 0.95% | 7.68% |
| RTX CORPORATION | RTX | 0.85% | 4.67% |
| EATON CORPORATION PUBLIC LIMITED COMPANY | ETN | 0.46% | 2.8% |
| DEERE & COMPANY | DE | 0.45% | 2.65% |
| UNION PACIFIC CORPORATION | UNP | 0.44% | 3.01% |
| THE BOEING COMPANY | BA | 0.43% | 3.13% |
| PARKER-HANNIFIN CORPORATION | PH | 0.37% | 2.13% |
| Northrop Grumman Corporation | NOC | 0.3% | 1.26% |
| LOCKHEED MARTIN CORPORATION | LMT | 0.3% | 1.87% |
| GENERAL DYNAMICS CORPORATION | GD | 0.29% | 1.69% |
FAQ
How much do IWD and XLI overlap?
IWD and XLI have a 10.5% overlap by weight, sharing 66 holdings (out of 866 in IWD and 82 in XLI), based on official issuer holdings as of 2026-03-31.
What does 10.5% overlap mean?
IWD and XLI hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and XLI both hold?
The largest shared positions are CATERPILLAR INC., RTX CORPORATION, EATON CORPORATION PUBLIC LIMITED COMPANY, DEERE & COMPANY, UNION PACIFIC CORPORATION. The full list of top shared holdings with weights in each fund is shown on this page.