SHLD vs XAR: Holdings Overlap
Global X · 48 holdings · $7.6B · as of 2026-05-31
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
Holdings snapshots are 67 days apart (SHLD: 2026-05-31, XAR: 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 SHLD and XAR?
Global X Defense Tech ETF (SHLD, by Global X) holds 48 positions; State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47. They have 15 holdings in common, and by portfolio weight the two funds are 26.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 26.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15SHLD holds 48 · XAR holds 47
- Weight in Shared Holdings
- SHLD 45%·XAR 35%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
33 of 48 positions (54.2% of the fund) are not held by XAR. Showing the top 30 by weight.
Sector Breakdown
| Sector | SHLD | XAR |
|---|---|---|
| Industrials | 82.5% | 98.4% |
| Information Technology | 8.0% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 9.1% | 1.6% |
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, 2% of XAR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
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 XAR →
Shared Holdings(15)
The top 10 shared positions account for 90% of the overlap, led by RTX, GD and LMT.
 RTXRTX Corp. COM | 7.76% | 3.26% | 3.26% |
|---|---|---|---|
 GDGeneral Dynamics Corporation COM | 7.67% | 2.94% | 2.94% |
 LMTLockheed Martin Corporation COM | 8.41% | 2.87% | 2.87% |
 NOCNorthrop Grumman Corporation COM | 4.23% | 2.71% | 2.71% |
 LHXL3 Harris Technologies Inc COM | 4.69% | 2.47% | 2.47% |
 BWXTBWX Technologies Inc. COM | 3.05% | 2.36% | 2.36% |
 HIIHuntington Ingalls Industries, Inc. COM | 2.04% | 2.88% | 2.04% |
 KTOSKRATOS DEFENSE and SECURITY SOLU COMMON STOCK USD.001 | 1.81% | 2.71% | 1.81% |
 MOG-AMoog, Inc., Class A | 1.70% | 2.78% | 1.70% |
 AVAVAeroVironment, Inc. COM | 1.32% | 2.56% | 1.32% |
 MRCYMercury Systems Inc COM | 1.13% | 2.01% | 1.13% |
 KRMNKarman Holdings Inc. COMMON STOCK | 0.83% | 3.11% | 0.83% |
 VOYGVoyager Technologies, Inc., Class A | 0.43% | 0.42% | 0.42% |
 RCATRed Cat Holdings Inc. COM | 0.26% | 1.09% | 0.26% |
 NPKNational Presto Industries Inc. COM | 0.11% | 0.51% | 0.11% |
Frequently Asked Questions
How much do SHLD and XAR overlap?
SHLD and XAR overlap by 26.2% of portfolio weight. They share 15 holdings (SHLD holds 48 positions and XAR holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHLD and XAR?
The two portfolios are 26.2% 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 SHLD and XAR?
The largest positions held by both funds are RTX, GD, LMT, NOC and LHX. Together the top 10 shared positions account for 90% of the total overlap.
What does SHLD own that XAR doesn't?
33 positions (54.2% of SHLD) are unique to SHLD, led by PLTR, RHM and BA-. In the other direction, 32 positions (65.3% of XAR) are unique to XAR.