QUAL vs XLY: Holdings Overlap
QUALiShares MSCI USA Quality Factor ETF
iShares · 121 holdings · $47.8B · as of 2026-04-30
XLYState Street® Consumer Discretionary Select Sector SPDR® ETF
State Street (SPDR) · 47 holdings · $23.4B · as of 2026-08-06
Holdings snapshots are 98 days apart (QUAL: 2026-04-30, XLY: 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 QUAL and XLY?
iShares MSCI USA Quality Factor ETF (QUAL, by iShares) holds 121 positions; State Street® Consumer Discretionary Select Sector SPDR® ETF (XLY, by State Street (SPDR)) holds 47. They have 12 holdings in common, and by portfolio weight the two funds are 9.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12QUAL holds 121 · XLY holds 47
- Weight in Shared Holdings
- QUAL 10%·XLY 12%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 QUAL
109 of 121 positions (90.0% of the fund) are not held by XLY. Showing the top 30 by weight.
Sector Breakdown
| Sector | QUAL | XLY |
|---|---|---|
| Consumer Discretionary | 9.8% | 99.9% |
| Information Technology | 34.4% | 0.0% |
| Financials | 11.6% | 0.0% |
| Communication Services | 11.0% | 0.0% |
| Industrials | 9.4% | 0.0% |
| Other Sectors | 23.6% | 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 |
|---|---|---|---|---|---|---|---|
| QUAL | +3.6% | +14.1% | +23.7% | +19.0% | +11.5% | +14.4% | 0.84% |
| XLY | +2.1% | +0.8% | +8.1% | +12.3% | +6.7% | +12.6% | 0.75% |
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 QUAL vs XLY →
Shared Holdings(12)
The top 10 shared positions account for 94% of the overlap, led by TJX, CMG and NKE.
 TJXThe TJX Companies Inc. COM | 3.19% | 4.17% | 3.19% |
|---|---|---|---|
 CMGChipotle Mexican Grill, Inc., Class A | 1.02% | 1.07% | 1.02% |
 NKENIKE, Inc., Class B | 0.93% | 1.25% | 0.93% |
 GRMNGarmin Ltd COM CHF10.00 | 0.87% | 1.22% | 0.87% |
 DHID.R. Horton, Inc. COM | 0.76% | 0.95% | 0.76% |
 WSMWilliams-Sonoma Inc. COM | 0.59% | 0.72% | 0.59% |
 PHMPulte Group Inc COM | 0.50% | 0.61% | 0.50% |
 ULTAUlta Beauty Inc COM | 0.50% | 0.58% | 0.50% |
 NVRNVR Inc COM | 0.42% | 0.42% | 0.42% |
 DECKDeckers Outdoor Corp. COM | 0.41% | 0.34% | 0.34% |
 LULULululemon Athletica Inc. COM | 0.38% | 0.32% | 0.32% |
 BBYBest Buy Co Inc. COM | 0.27% | 0.39% | 0.27% |
Frequently Asked Questions
How much do QUAL and XLY overlap?
QUAL and XLY overlap by 9.7% of portfolio weight. They share 12 holdings (QUAL holds 121 positions and XLY holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QUAL and XLY?
The two portfolios are 9.7% 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 QUAL and XLY?
The largest positions held by both funds are TJX, CMG, NKE, GRMN and DHI. Together the top 10 shared positions account for 94% of the total overlap.
What does QUAL own that XLY doesn't?
109 positions (90.0% of QUAL) are unique to QUAL, led by NVDA, AAPL and MSFT. In the other direction, 35 positions (87.9% of XLY) are unique to XLY.