SHLD vs XLI: Holdings Overlap
Global X · 48 holdings · $7.6B · as of 2026-05-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 67 days apart (SHLD: 2026-05-31, XLI: 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 XLI?
Global X Defense Tech ETF (SHLD, by Global X) holds 48 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 7 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7SHLD holds 48 · XLI holds 83
- Weight in Shared Holdings
- SHLD 38%·XLI 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 SHLD
41 of 48 positions (62.1% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SHLD | XLI |
|---|---|---|
| Industrials | 82.5% | 99.9% |
| Information Technology | 8.0% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| 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 XLI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by RTX, LMT and GD.
 RTXRTX Corp. COM | 7.76% | 5.18% | 5.18% |
|---|---|---|---|
 LMTLockheed Martin Corporation COM | 8.41% | 2.04% | 2.04% |
 GDGeneral Dynamics Corporation COM | 7.67% | 1.69% | 1.69% |
 NOCNorthrop Grumman Corporation COM | 4.23% | 1.30% | 1.30% |
 LHXL3 Harris Technologies Inc COM | 4.69% | 0.93% | 0.93% |
 LDOSLeidos Holdings Inc COM | 2.77% | 0.29% | 0.29% |
 HIIHuntington Ingalls Industries, Inc. COM | 2.04% | 0.22% | 0.22% |
Frequently Asked Questions
How much do SHLD and XLI overlap?
SHLD and XLI overlap by 11.7% of portfolio weight. They share 7 holdings (SHLD holds 48 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHLD and XLI?
The two portfolios are 11.7% 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 SHLD and XLI?
The largest positions held by both funds are RTX, LMT, GD, NOC and LHX. Together the top 7 shared positions account for 100% of the total overlap.
What does SHLD own that XLI doesn't?
41 positions (62.1% of SHLD) are unique to SHLD, led by PLTR, RHM and BA-. In the other direction, 76 positions (88.3% of XLI) are unique to XLI.