SPY vs XLF: how much do they overlap?
SPDR S&P 500 ETF Trust (SPY) · Financial Select Sector SPDR ETF (XLF)
overlap by weight · 76 shared holdings
SPY: 504 holdings (as of 09-Jul-2026) · XLF: 77 holdings (as of 09-Jul-2026)
Low overlap
What this means
SPY and XLF 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 XLF |
|---|---|---|---|
| Berkshire Hathaway Inc Cl B | BRK.B | 1.4% | 11.57% |
| Jpmorgan Chase + Co | JPM | 1.39% | 11.45% |
| Visa Inc Class A Shares | V | 0.89% | 7.36% |
| Mastercard Inc A | MA | 0.65% | 5.38% |
| Bank Of America Corp | BAC | 0.6% | 4.93% |
| Goldman Sachs Group Inc | GS | 0.48% | 3.97% |
| Morgan Stanley | MS | 0.41% | 3.39% |
| Wells Fargo + Co | WFC | 0.41% | 3.39% |
| Citigroup Inc | C | 0.37% | 3.03% |
| American Express Co | AXP | 0.28% | 2.35% |
FAQ
How much do SPY and XLF overlap?
SPY and XLF have a 12.1% overlap by weight, sharing 76 holdings (out of 504 in SPY and 77 in XLF), based on official issuer holdings as of 09-Jul-2026.
What does 12.1% overlap mean?
SPY and XLF hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SPY and XLF both hold?
The largest shared positions are Berkshire Hathaway Inc Cl B, Jpmorgan Chase + Co, Visa Inc Class A Shares, Mastercard Inc A, Bank Of America Corp. The full list of top shared holdings with weights in each fund is shown on this page.