SDY vs XLI: how much do they overlap?
SPDR S&P Dividend ETF (SDY) · Industrial Select Sector SPDR ETF (XLI)
overlap by weight · 23 shared holdings
SDY: 156 holdings (as of 09-Jul-2026) · XLI: 82 holdings (as of 09-Jul-2026)
Low overlap
What this means
SDY 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 SDY | in XLI |
|---|---|---|---|
| Automatic Data Processing | ADP | 1.65% | 1.71% |
| Illinois Tool Works | ITW | 1% | 1.24% |
| General Dynamics Corp | GD | 0.88% | 1.69% |
| Fastenal Co | FAST | 0.87% | 0.94% |
| Lockheed Martin Corp | LMT | 0.86% | 1.87% |
| Waste Management Inc | WM | 0.71% | 1.52% |
| Emerson Electric Co | EMR | 0.67% | 1.37% |
| Cummins Inc | CMI | 0.65% | 1.65% |
| Csx Corp | CSX | 0.64% | 1.63% |
| L3Harris Technologies Inc | LHX | 0.51% | 0.96% |
FAQ
How much do SDY and XLI overlap?
SDY and XLI have a 13.1% overlap by weight, sharing 23 holdings (out of 156 in SDY and 82 in XLI), based on official issuer holdings as of 09-Jul-2026.
What does 13.1% overlap mean?
SDY and XLI hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SDY and XLI both hold?
The largest shared positions are Automatic Data Processing, Illinois Tool Works, General Dynamics Corp, Fastenal Co, Lockheed Martin Corp. The full list of top shared holdings with weights in each fund is shown on this page.