IWD vs XLU: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · Utilities Select Sector SPDR ETF (XLU)
overlap by weight · 29 shared holdings
IWD: 866 holdings (as of 2026-03-31) · XLU: 32 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 XLU 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 XLU |
|---|---|---|---|
| NEXTERA ENERGY, INC. | NEE | 0.64% | 12.85% |
| THE SOUTHERN COMPANY | SO | 0.35% | 7.59% |
| DUKE ENERGY CORPORATION | DUK | 0.34% | 6.91% |
| CONSTELLATION ENERGY CORPORATION. | CEG | 0.29% | 5.67% |
| AMERICAN ELECTRIC POWER COMPANY, INC. | AEP | 0.23% | 5.15% |
| SEMPRA | SRE | 0.21% | 4.38% |
| Dominion Energy, Inc. | D | 0.17% | 4.32% |
| ENTERGY CORPORATION | ETR | 0.17% | 3.69% |
| EXELON CORPORATION | EXC | 0.16% | 3.36% |
| Xcel Energy Inc. | XEL | 0.15% | 3.49% |
FAQ
How much do IWD and XLU overlap?
IWD and XLU have a 4.4% overlap by weight, sharing 29 holdings (out of 866 in IWD and 32 in XLU), based on official issuer holdings as of 2026-03-31.
What does 4.4% overlap mean?
IWD and XLU hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and XLU both hold?
The largest shared positions are NEXTERA ENERGY, INC., THE SOUTHERN COMPANY, DUKE ENERGY CORPORATION, CONSTELLATION ENERGY CORPORATION., AMERICAN ELECTRIC POWER COMPANY, INC.. The full list of top shared holdings with weights in each fund is shown on this page.