VIG vs XLI: how much do they overlap?
Vanguard Dividend Appreciation ETF (VIG) · Industrial Select Sector SPDR ETF (XLI)
overlap by weight · 36 shared holdings
VIG: 332 holdings (as of 2026-04-30) · XLI: 82 holdings (as of 09-Jul-2026)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
VIG and XLI 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 VIG | in XLI |
|---|---|---|---|
| Caterpillar Inc | CAT | 1.87% | 7.68% |
| Eaton Corp PLC | ETN | 0.76% | 2.8% |
| Union Pacific Corp | UNP | 0.72% | 3.01% |
| Lockheed Martin Corp | LMT | 0.47% | 1.87% |
| Cummins Inc | CMI | 0.42% | 1.65% |
| General Dynamics Corp | GD | 0.39% | 1.69% |
| Waste Management Inc | WM | 0.39% | 1.52% |
| Automatic Data Processing Inc | ADP | 0.38% | 1.71% |
| CSX Corp | CSX | 0.38% | 1.63% |
| Emerson Electric Co | EMR | 0.36% | 1.37% |
FAQ
How much do VIG and XLI overlap?
VIG and XLI have a 9.9% overlap by weight, sharing 36 holdings (out of 332 in VIG and 82 in XLI), based on official issuer holdings as of 2026-04-30.
What does 9.9% overlap mean?
VIG and XLI hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do VIG and XLI both hold?
The largest shared positions are Caterpillar Inc, Eaton Corp PLC, Union Pacific Corp, Lockheed Martin Corp, Cummins Inc. The full list of top shared holdings with weights in each fund is shown on this page.