SPY vs XLP: how much do they overlap?
SPDR S&P 500 ETF Trust (SPY) · Consumer Staples Select Sector SPDR ETF (XLP)
overlap by weight · 34 shared holdings
SPY: 504 holdings (as of 09-Jul-2026) · XLP: 34 holdings (as of 09-Jul-2026)
Low overlap
What this means
SPY and XLP 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 XLP |
|---|---|---|---|
| Walmart Inc | WMT | 0.76% | 10.69% |
| Costco Wholesale Corp | COST | 0.62% | 8.8% |
| Procter + Gamble Co/The | PG | 0.53% | 7.43% |
| Coca Cola Co/The | KO | 0.49% | 6.95% |
| Philip Morris International | PM | 0.44% | 6.14% |
| Pepsico Inc | PEP | 0.29% | 4.4% |
| Altria Group Inc | MO | 0.18% | 4.51% |
| Mondelez International Inc A | MDLZ | 0.12% | 4.18% |
| Colgate Palmolive Co | CL | 0.11% | 4.66% |
| Monster Beverage Corp | MNST | 0.11% | 4.47% |
FAQ
How much do SPY and XLP overlap?
SPY and XLP have a 4.5% overlap by weight, sharing 34 holdings (out of 504 in SPY and 34 in XLP), based on official issuer holdings as of 09-Jul-2026.
What does 4.5% overlap mean?
SPY and XLP hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do SPY and XLP both hold?
The largest shared positions are Walmart Inc, Costco Wholesale Corp, Procter + Gamble Co/The, Coca Cola Co/The, Philip Morris International. The full list of top shared holdings with weights in each fund is shown on this page.