SPY vs XLC: how much do they overlap?
SPDR S&P 500 ETF Trust (SPY) · Communication Services Select Sector SPDR ETF (XLC)
overlap by weight · 23 shared holdings
SPY: 504 holdings (as of 09-Jul-2026) · XLC: 23 holdings (as of 09-Jul-2026)
Low overlap
What this means
SPY and XLC 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 XLC |
|---|---|---|---|
| Alphabet Inc Cl A | GOOGL | 3.24% | 10.81% |
| Alphabet Inc Cl C | GOOG | 2.6% | 8.65% |
| Meta Platforms Inc Class A | META | 2.14% | 18.37% |
| Netflix Inc | NFLX | 0.49% | 4.49% |
| Verizon Communications Inc | VZ | 0.27% | 4.14% |
| Walt Disney Co/The | DIS | 0.26% | 4.28% |
| At+T Inc | T | 0.22% | 4.18% |
| T Mobile Us Inc | TMUS | 0.13% | 4.58% |
| Comcast Corp Class A | CMCSA | 0.13% | 4.24% |
| Warner Bros Discovery Inc | WBD | 0.1% | 4.31% |
FAQ
How much do SPY and XLC overlap?
SPY and XLC have a 9.9% overlap by weight, sharing 23 holdings (out of 504 in SPY and 23 in XLC), based on official issuer holdings as of 09-Jul-2026.
What does 9.9% overlap mean?
SPY and XLC hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SPY and XLC both hold?
The largest shared positions are Alphabet Inc Cl A, Alphabet Inc Cl C, Meta Platforms Inc Class A, Netflix Inc, Verizon Communications Inc. The full list of top shared holdings with weights in each fund is shown on this page.