SPY vs XLB: how much do they overlap?
SPDR S&P 500 ETF Trust (SPY) · Materials Select Sector SPDR ETF (XLB)
overlap by weight · 26 shared holdings
SPY: 504 holdings (as of 09-Jul-2026) · XLB: 26 holdings (as of 09-Jul-2026)
Low overlap
What this means
SPY and XLB 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 SPY | in XLB |
|---|---|---|---|
| Linde Plc | LIN | 0.37% | 14.41% |
| Newmont Corp | NEM | 0.16% | 6% |
| Freeport Mcmoran Inc | FCX | 0.13% | 5.16% |
| Sherwin Williams Co/The | SHW | 0.12% | 4.82% |
| Crh Plc | CRH | 0.11% | 4.61% |
| Ecolab Inc | ECL | 0.11% | 4.69% |
| Air Products + Chemicals Inc | APD | 0.1% | 4.72% |
| Corteva Inc | CTVA | 0.09% | 4.97% |
| Nucor Corp | NUE | 0.08% | 3.91% |
| Vulcan Materials Co | VMC | 0.06% | 4.67% |
FAQ
How much do SPY and XLB overlap?
SPY and XLB have a 1.8% overlap by weight, sharing 26 holdings (out of 504 in SPY and 26 in XLB), based on official issuer holdings as of 09-Jul-2026.
What does 1.8% overlap mean?
SPY and XLB hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SPY and XLB both hold?
The largest shared positions are Linde Plc, Newmont Corp, Freeport Mcmoran Inc, Sherwin Williams Co/The, Crh Plc. The full list of top shared holdings with weights in each fund is shown on this page.