IVV vs XLB: Holdings Overlap
iShares · 503 holdings · $901.0B · as of 2026-03-31
XLBState Street® Materials Select Sector SPDR® ETF
State Street (SPDR) · 25 holdings · $8.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (IVV: 2026-03-31, XLB: 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 IVV and XLB?
iShares Core S&P 500 ETF (IVV, by iShares) holds 503 positions; State Street® Materials Select Sector SPDR® ETF (XLB, by State Street (SPDR)) holds 25. They have 25 holdings in common, and by portfolio weight the two funds are 2.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25IVV holds 503 · XLB holds 25
- Weight in Shared Holdings
- IVV 2%·XLB 100%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 IVV
478 of 503 positions (97.7% of the fund) are not held by XLB. Showing the top 30 by weight.
Only in XLB
Every position in XLB is also held by IVV, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | IVV | XLB |
|---|---|---|
| Materials | 2.1% | 99.9% |
| Information Technology | 32.6% | 0.0% |
| Financials | 12.6% | 0.0% |
| Communication Services | 10.5% | 0.0% |
| Consumer Discretionary | 9.8% | 0.0% |
| Other Sectors | 32.2% | 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 |
|---|---|---|---|---|---|---|---|
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
| XLB | +2.6% | +17.5% | +22.4% | +10.0% | +6.8% | +10.2% | 1.61% |
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 IVV vs XLB →
Shared Holdings(25)
The top 10 shared positions account for 73% of the overlap, led by LIN, NEM and FCX.
 LINLinde PLC COM EUR0.001 | 0.41% | 13.29% | 0.41% |
|---|---|---|---|
 NEMNewmont Corporation COM | 0.21% | 6.60% | 0.21% |
 FCXFreeport-McMoRan Inc. CL B | 0.15% | 5.75% | 0.15% |
 SHWThe Sherwin-Williams Company COM | 0.13% | 5.22% | 0.13% |
 CRHCRH plc | 0.13% | 4.26% | 0.13% |
 ECLEcolab Inc. COM | 0.12% | 4.81% | 0.12% |
 APDAir Products & Chemicals, Inc. COM | 0.12% | 4.73% | 0.12% |
 CTVACorteva Inc COM | 0.10% | 4.50% | 0.10% |
 NUENucor Corporation COM | 0.07% | 4.74% | 0.07% |
 VMCVulcan Materials Company COM | 0.06% | 4.51% | 0.06% |
 MLMMartin Marietta Materials Inc COM | 0.06% | 4.25% | 0.06% |
 DOWDow Inc COM | 0.05% | 2.93% | 0.05% |
 STLDSteel Dynamics, Inc. COM | 0.04% | 4.25% | 0.04% |
 PPGPPG Industries, Inc. COM | 0.04% | 3.50% | 0.04% |
 ALBAlbemarle Corp COM | 0.04% | 1.98% | 0.04% |
 SWSmurfit WestRock plc COM USD0.001 | 0.04% | 3.30% | 0.04% |
 LYBLyondellBasell Industries NV COM EUR0.04 CLASS 'A' | 0.04% | 2.13% | 0.04% |
 CFCF Industries Holdings, Inc. COM | 0.04% | 2.40% | 0.04% |
 PKGPackaging Corporation of America COM | 0.03% | 3.00% | 0.03% |
 IPInternational Paper Co. COM | 0.03% | 2.87% | 0.03% |
 IFFInternational Flavors & Fragrances Inc. COM | 0.03% | 2.89% | 0.03% |
 AMCRAmcor PLC COM NEW | 0.03% | 2.91% | 0.03% |
 BALLBall Corporation COM | 0.03% | 2.25% | 0.03% |
 AVYAvery Dennison Corporation COM | 0.02% | 1.78% | 0.02% |
 MOSThe Mosaic Company COM | 0.01% | 1.00% | 0.01% |
Frequently Asked Questions
How much do IVV and XLB overlap?
IVV and XLB overlap by 2.0% of portfolio weight. They share 25 holdings (IVV holds 503 positions and XLB holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IVV and XLB?
The two portfolios are 2.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of IVV and XLB?
The largest positions held by both funds are LIN, NEM, FCX, SHW and CRH. Together the top 10 shared positions account for 73% of the total overlap.
What does IVV own that XLB doesn't?
478 positions (97.7% of IVV) are unique to IVV, led by NVDA, AAPL and MSFT. In the other direction, 0 positions (0.0% of XLB) are unique to XLB.