ICF vs XLRE: Holdings Overlap
ICFiShares Select U.S. REIT ETF
iShares · 30 holdings · $2.1B · as of 2026-04-30
XLREState Street® Real Estate Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $8.6B · as of 2026-08-06
Holdings snapshots are 98 days apart (ICF: 2026-04-30, XLRE: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ICF and XLRE?
iShares Select U.S. REIT ETF (ICF, by iShares) holds 30 positions; State Street® Real Estate Select Sector SPDR® ETF (XLRE, by State Street (SPDR)) holds 31. They have 25 holdings in common, and by portfolio weight the two funds are 83.6% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 83.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25ICF holds 30 · XLRE holds 31
- Weight in Shared Holdings
- ICF 92%·XLRE 89%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ICF
5 of 30 positions (7.5% of the fund) are not held by XLRE.
Sector Breakdown
| Sector | ICF | XLRE |
|---|---|---|
| Real Estate | 99.9% | 99.9% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ICF | -0.2% | +16.2% | +16.7% | +10.4% | +2.6% | +5.2% | 2.42% |
| XLRE | +0.2% | +13.2% | +11.9% | +9.9% | +2.6% | +6.4% | 3.12% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ICF vs XLRE →
Shared Holdings(25)
The top 10 shared positions account for 65% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 8.19% | 11.24% | 8.19% |
|---|---|---|---|
 PLDPrologis Inc. COM | 7.66% | 8.90% | 7.66% |
 EQIXEquinix, Inc. COM | 9.33% | 7.00% | 7.00% |
 AMTAmerican Tower Corporation COM | 7.50% | 5.38% | 5.38% |
 DLRDigital Realty Trust Inc. COM | 4.87% | 5.02% | 4.87% |
 SPGSimon Property Group Inc COM | 5.83% | 4.85% | 4.85% |
 PSAPublic Storage COM | 4.64% | 4.80% | 4.64% |
 ORealty Income Corporation COM | 4.22% | 4.50% | 4.22% |
 VTRVentas Inc. COM | 4.08% | 4.56% | 4.08% |
 IRMIron Mountain Inc. COM | 3.83% | 3.69% | 3.69% |
 CCICrown Castle Inc. COM | 3.86% | 3.33% | 3.33% |
 EXRExtra Space Storage Inc. COM | 3.11% | 3.21% | 3.11% |
 VICIVICI Properties, Inc., Class A | 3.17% | 2.95% | 2.95% |
 AVBAvalonBay Communities, Inc. COM | 2.72% | 2.64% | 2.64% |
 EQREquity Residential SH BEN INT | 2.42% | 2.31% | 2.31% |
 SBACSBA Communications Corp., Class A | 2.59% | 1.97% | 1.97% |
 ESSEssex Property Trust, Inc. COM | 1.92% | 1.86% | 1.86% |
 INVHInvitation Homes Inc. COM | 1.89% | 1.69% | 1.69% |
 KIMKimco Realty Corporation COM | 1.87% | 1.68% | 1.68% |
 MAAMid-America Apartment Communities, Inc. COM | 1.74% | 1.58% | 1.58% |
 HSTHost Hotels & Resorts Inc COM | 1.65% | 1.51% | 1.51% |
 REGRegency Centers Corp. COM | 1.57% | 1.29% | 1.29% |
 UDRUDR Inc COM | 1.37% | 1.15% | 1.15% |
 BXPBXP Inc COM | 1.14% | 1.04% | 1.04% |
 FRTFederal Realty Investment Trust SH BEN INT NEW | 1.21% | 0.94% | 0.94% |
Frequently Asked Questions
How much do ICF and XLRE overlap?
ICF and XLRE overlap by 83.6% of portfolio weight. They share 25 holdings (ICF holds 30 positions and XLRE holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICF and XLRE?
The two portfolios are 83.6% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of ICF and XLRE?
The largest positions held by both funds are WELL, PLD, EQIX, AMT and DLR. Together the top 10 shared positions account for 65% of the total overlap.
What does ICF own that XLRE doesn't?
5 positions (7.5% of ICF) are unique to ICF, led by SUI, LAMR and ELS. In the other direction, 6 positions (10.9% of XLRE) are unique to XLRE.