KNG vs XLB: Holdings Overlap
KNGFT Vest S&P 500 Dividend Aristocrats Target Income ETF
First Trust · 69 holdings · $3.5B · as of 2026-04-30
XLBState Street® Materials Select Sector SPDR® ETF
State Street (SPDR) · 25 holdings · $8.4B · as of 2026-08-06
Holdings snapshots are 98 days apart (KNG: 2026-04-30, 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 KNG and XLB?
FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG, by First Trust) holds 69 positions; State Street® Materials Select Sector SPDR® ETF (XLB, by State Street (SPDR)) holds 25. They have 8 holdings in common, and by portfolio weight the two funds are 11.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8KNG holds 69 · XLB holds 25
- Weight in Shared Holdings
- KNG 12%·XLB 41%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 KNG
61 of 69 positions (88.7% of the fund) are not held by XLB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KNG | XLB |
|---|---|---|
| Materials | 11.5% | 99.9% |
| Consumer Staples | 23.5% | 0.0% |
| Industrials | 21.8% | 0.0% |
| Financials | 12.7% | 0.0% |
| Health Care | 10.2% | 0.0% |
| Other Sectors | 20.5% | 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 |
|---|---|---|---|---|---|---|---|
| KNG | +1.6% | +11.1% | +13.7% | +7.8% | +6.0% | — | 8.10% |
| 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 KNG vs XLB →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by NUE, APD and LIN.
 NUENucor Corporation COM | 1.58% | 4.74% | 1.58% |
|---|---|---|---|
 APDAir Products & Chemicals, Inc. COM | 1.48% | 4.73% | 1.48% |
 LINLinde PLC COM EUR0.001 | 1.47% | 13.29% | 1.47% |
 ALBAlbemarle Corp COM | 1.44% | 1.98% | 1.44% |
 PPGPPG Industries, Inc. COM | 1.42% | 3.50% | 1.42% |
 ECLEcolab Inc. COM | 1.40% | 4.81% | 1.40% |
 SHWThe Sherwin-Williams Company COM | 1.40% | 5.22% | 1.40% |
 AMCRAmcor PLC COM NEW | 1.35% | 2.91% | 1.35% |
Frequently Asked Questions
How much do KNG and XLB overlap?
KNG and XLB overlap by 11.5% of portfolio weight. They share 8 holdings (KNG holds 69 positions and XLB holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KNG and XLB?
The two portfolios are 11.5% 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 KNG and XLB?
The largest positions held by both funds are NUE, APD, LIN, ALB and PPG. Together the top 8 shared positions account for 100% of the total overlap.
What does KNG own that XLB doesn't?
61 positions (88.7% of KNG) are unique to KNG, led by CAT, BEN and WST. In the other direction, 17 positions (58.7% of XLB) are unique to XLB.