IHI vs XLV: Holdings Overlap
IHIiShares U.S. Medical Devices ETF
iShares · 47 holdings · $3.4B · as of 2026-03-31
XLVState Street® Health Care Select Sector SPDR® ETF
State Street (SPDR) · 61 holdings · $41.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (IHI: 2026-03-31, XLV: 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 IHI and XLV?
iShares U.S. Medical Devices ETF (IHI, by iShares) holds 47 positions; State Street® Health Care Select Sector SPDR® ETF (XLV, by State Street (SPDR)) holds 61. They have 15 holdings in common, and by portfolio weight the two funds are 15.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15IHI holds 47 · XLV holds 61
- Weight in Shared Holdings
- IHI 86%·XLV 16%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 IHI
32 of 47 positions (13.5% of the fund) are not held by XLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | IHI | XLV |
|---|---|---|
| Health Care | 99.8% | 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 |
|---|---|---|---|---|---|---|---|
| IHI | +4.1% | -12.3% | -9.9% | +0.5% | -2.6% | +8.9% | 0.45% |
| XLV | +0.8% | +7.9% | +30.7% | +9.2% | +6.2% | +10.0% | 1.53% |
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 IHI vs XLV →
Shared Holdings(15)
The top 10 shared positions account for 90% of the overlap, led by ABT, ISRG and SYK.
 ABTAbbott Laboratories COM | 16.98% | 3.17% | 3.17% |
|---|---|---|---|
 ISRGIntuitive Surgical Inc. COM NEW | 15.57% | 2.23% | 2.23% |
 SYKStryker Corporation COM | 10.76% | 1.96% | 1.96% |
 MDTMedtronic PLC USD0.0001 | 4.62% | 1.86% | 1.86% |
 BSXBoston Scientific Corporation COM | 4.28% | 1.23% | 1.23% |
 EWEdwards Lifesciences Corporation COM | 4.47% | 0.87% | 0.87% |
 BDXBecton, Dickinson and Company COM | 4.57% | 0.82% | 0.82% |
 IDXXIDEXX Laboratories Inc. COM | 4.44% | 0.78% | 0.78% |
 RMDResMed Inc. COM | 4.43% | 0.55% | 0.55% |
 DXCMDexCom Inc COM | 3.28% | 0.54% | 0.54% |
 GEHCGE Healthcare Technologies Inc. COMMON STOCK | 4.40% | 0.54% | 0.54% |
 STESteris PLC ORD USD0.001 | 2.94% | 0.38% | 0.38% |
 ZBHZimmer Biomet Holdings Inc COM | 2.43% | 0.32% | 0.32% |
 BAXBaxter International, Inc. COM | 1.17% | 0.23% | 0.23% |
 PODDInsulet Corporation COM | 2.00% | 0.16% | 0.16% |
Frequently Asked Questions
How much do IHI and XLV overlap?
IHI and XLV overlap by 15.6% of portfolio weight. They share 15 holdings (IHI holds 47 positions and XLV holds 61), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IHI and XLV?
The two portfolios are 15.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of IHI and XLV?
The largest positions held by both funds are ABT, ISRG, SYK, MDT and BSX. Together the top 10 shared positions account for 90% of the total overlap.
What does IHI own that XLV doesn't?
32 positions (13.5% of IHI) are unique to IHI, led by HOLX, PEN and GMED. In the other direction, 46 positions (84.2% of XLV) are unique to XLV.