SPY vs XLE: how much do they overlap?
SPDR S&P 500 ETF Trust (SPY) · Energy Select Sector SPDR ETF (XLE)
overlap by weight · 21 shared holdings
SPY: 504 holdings (as of 09-Jul-2026) · XLE: 21 holdings (as of 09-Jul-2026)
Low overlap
What this means
SPY and XLE 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 XLE |
|---|---|---|---|
| Exxonmobil Holdings Corp | XOM | 0.88% | 19.79% |
| Chevron Corp | CVX | 0.5% | 14.67% |
| Conocophillips | COP | 0.2% | 5.92% |
| Williams Cos Inc | WMB | 0.14% | 4.43% |
| Valero Energy Corp | VLO | 0.13% | 4.64% |
| Marathon Petroleum Corp | MPC | 0.13% | 4.8% |
| Phillips 66 | PSX | 0.12% | 4.79% |
| Eog Resources Inc | EOG | 0.11% | 4.44% |
| Slb Ltd | SLB | 0.11% | 4.47% |
| Kinder Morgan Inc | KMI | 0.1% | 4.28% |
FAQ
How much do SPY and XLE overlap?
SPY and XLE have a 3% overlap by weight, sharing 21 holdings (out of 504 in SPY and 21 in XLE), based on official issuer holdings as of 09-Jul-2026.
What does 3% overlap mean?
SPY and XLE hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SPY and XLE both hold?
The largest shared positions are Exxonmobil Holdings Corp, Chevron Corp, Conocophillips, Williams Cos Inc, Valero Energy Corp. The full list of top shared holdings with weights in each fund is shown on this page.