IEO vs XLE: Holdings Overlap
IEOiShares U.S. Oil & Gas Exploration & Production ETF
iShares · 46 holdings · $559M · as of 2026-03-31
XLEState Street® Energy Select Sector SPDR® ETF
State Street (SPDR) · 22 holdings · $38.5B · as of 2026-08-06
Holdings snapshots are 128 days apart (IEO: 2026-03-31, XLE: 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 IEO and XLE?
iShares U.S. Oil & Gas Exploration & Production ETF (IEO, by iShares) holds 46 positions; State Street® Energy Select Sector SPDR® ETF (XLE, by State Street (SPDR)) holds 22. They have 11 holdings in common, and by portfolio weight the two funds are 35.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 35.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11IEO holds 46 · XLE holds 22
- Weight in Shared Holdings
- IEO 73%·XLE 36%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 IEO
35 of 46 positions (27.2% of the fund) are not held by XLE. Showing the top 30 by weight.
Sector Breakdown
| Sector | IEO | XLE |
|---|---|---|
| Energy | 99.9% | 99.8% |
| 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 |
|---|---|---|---|---|---|---|---|
| IEO | +6.1% | +34.9% | +40.9% | +10.4% | +22.1% | +10.3% | 1.95% |
| XLE | +5.2% | +30.4% | +40.5% | +13.3% | +22.8% | +9.8% | 2.64% |
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 IEO vs XLE →
Shared Holdings(11)
The top 10 shared positions account for 98% of the overlap, led by COP, PSX and VLO.
 COPConocoPhillips COM | 19.46% | 6.04% | 6.04% |
|---|---|---|---|
 PSXPhillips 66 COM | 7.29% | 4.89% | 4.89% |
 VLOValero Energy Corp. COM | 9.07% | 4.71% | 4.71% |
 MPCMarathon Petroleum Corp. COM | 4.43% | 4.78% | 4.43% |
 EOGEOG Resources Inc. COM | 9.44% | 4.28% | 4.28% |
 DVNDevon Energy Corporation COM | 4.47% | 3.16% | 3.16% |
 FANGDiamondback Energy Inc COM | 4.81% | 2.34% | 2.34% |
 EQTEQT Corporation COM | 4.11% | 2.05% | 2.05% |
 EXEExpand Energy Corp. COM | 3.75% | 1.40% | 1.40% |
 TPLTexas Pacific Land Corporation COM | 3.72% | 1.31% | 1.31% |
 APAAPA Corp. COM | 2.16% | 0.82% | 0.82% |
Frequently Asked Questions
How much do IEO and XLE overlap?
IEO and XLE overlap by 35.5% of portfolio weight. They share 11 holdings (IEO holds 46 positions and XLE holds 22), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IEO and XLE?
The two portfolios are 35.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of IEO and XLE?
The largest positions held by both funds are COP, PSX, VLO, MPC and EOG. Together the top 10 shared positions account for 98% of the total overlap.
What does IEO own that XLE doesn't?
35 positions (27.2% of IEO) are unique to IEO, led by CTRA, OVV and PR. In the other direction, 11 positions (64.0% of XLE) are unique to XLE.