SHLD vs VFLO: Holdings Overlap
Global X · 48 holdings · $7.6B · as of 2026-05-31
VFLOVictoryShares Free Cash Flow ETF
VictoryShares · 50 holdings · $9.6B · as of 2026-03-31
Holdings snapshots are 61 days apart (SHLD: 2026-05-31, VFLO: 2026-03-31). 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 SHLD and VFLO?
Global X Defense Tech ETF (SHLD, by Global X) holds 48 positions; VictoryShares Free Cash Flow ETF (VFLO, by VictoryShares) holds 50. They have 1 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1SHLD holds 48 · VFLO holds 50
- Weight in Shared Holdings
- SHLD 3%·VFLO 1%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 SHLD
47 of 48 positions (96.9% of the fund) are not held by VFLO. Showing the top 30 by weight.
Sector Breakdown
| Sector | SHLD | VFLO |
|---|---|---|
| Industrials | 82.5% | 10.1% |
| Information Technology | 8.0% | 30.0% |
| Consumer Discretionary | 0.0% | 17.9% |
| Health Care | 0.0% | 17.6% |
| Energy | 0.0% | 12.8% |
| Other Sectors | 0.0% | 11.1% |
| Unclassified | 9.1% | 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. “Unclassified” is weight we could not classify (9% of SHLD, 0% of VFLO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
| VFLO | +8.6% | +31.3% | +51.6% | +26.1% | — | — | 1.09% |
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 SHLD vs VFLO →
Shared Holdings(1)
 LDOSLeidos Holdings Inc COM | 2.77% | 1.06% | 1.06% |
|---|
Frequently Asked Questions
How much do SHLD and VFLO overlap?
SHLD and VFLO overlap by 1.1% of portfolio weight. They share 1 holdings (SHLD holds 48 positions and VFLO holds 50), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHLD and VFLO?
The two portfolios are 1.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SHLD and VFLO?
The largest positions held by both funds are LDOS. Together the top 1 shared positions account for 100% of the total overlap.
What does SHLD own that VFLO doesn't?
47 positions (96.9% of SHLD) are unique to SHLD, led by LMT, RTX and GD. In the other direction, 49 positions (98.5% of VFLO) are unique to VFLO.