IWD vs XLV: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · Health Care Select Sector SPDR ETF (XLV)
overlap by weight · 50 shared holdings
IWD: 866 holdings (as of 2026-03-31) · XLV: 61 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 XLV 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 XLV |
|---|---|---|---|
| JOHNSON & JOHNSON | JNJ | 1.94% | 10.63% |
| MERCK & CO., INC. | MRK | 0.98% | 5.27% |
| UNITEDHEALTH GROUP INCORPORATED | UNH | 0.81% | 6.68% |
| THERMO FISHER SCIENTIFIC INCORPORATED | TMO | 0.61% | 3.32% |
| ABBOTT LABORATORIES | ABT | 0.58% | 2.8% |
| PFIZER INC. | PFE | 0.52% | 2.36% |
| GILEAD SCIENCES, INC. | GILD | 0.42% | 2.85% |
| DANAHER CORPORATION | DHR | 0.39% | 2.1% |
| MEDTRONIC PUBLIC LIMITED COMPANY | MDT | 0.37% | 1.8% |
| BRISTOL-MYERS SQUIBB COMPANY | BMY | 0.33% | 2.02% |
FAQ
How much do IWD and XLV overlap?
IWD and XLV have a 10.8% overlap by weight, sharing 50 holdings (out of 866 in IWD and 61 in XLV), based on official issuer holdings as of 2026-03-31.
What does 10.8% overlap mean?
IWD and XLV hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and XLV both hold?
The largest shared positions are JOHNSON & JOHNSON, MERCK & CO., INC., UNITEDHEALTH GROUP INCORPORATED, THERMO FISHER SCIENTIFIC INCORPORATED, ABBOTT LABORATORIES. The full list of top shared holdings with weights in each fund is shown on this page.