SPGP vs XLF: Holdings Overlap
Invesco · 73 holdings · $2.3B · as of 2026-04-30
XLFState Street® Financial Select Sector SPDR® ETF
State Street (SPDR) · 77 holdings · $59.1B · as of 2026-08-06
Holdings snapshots are 98 days apart (SPGP: 2026-04-30, XLF: 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 SPGP and XLF?
Invesco S&P 500 GARP ETF (SPGP, by Invesco) holds 73 positions; State Street® Financial Select Sector SPDR® ETF (XLF, by State Street (SPDR)) holds 77. They have 22 holdings in common, and by portfolio weight the two funds are 14.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22SPGP holds 73 · XLF holds 77
- Weight in Shared Holdings
- SPGP 26%·XLF 28%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 SPGP
51 of 73 positions (74.3% of the fund) are not held by XLF. Showing the top 30 by weight.
Only in XLF
55 of 77 positions (72.2% of the fund) are not held by SPGP. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPGP | XLF |
|---|---|---|
| Financials | 25.7% | 99.8% |
| Industrials | 18.1% | 0.0% |
| Consumer Discretionary | 18.0% | 0.0% |
| Information Technology | 18.0% | 0.0% |
| Energy | 7.1% | 0.0% |
| Other Sectors | 13.1% | 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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPGP | +3.2% | +13.3% | +20.4% | +12.0% | +8.3% | +15.2% | 0.79% |
| XLF | +2.8% | +6.1% | +13.9% | +19.5% | +10.7% | +13.5% | 1.40% |
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 SPGP vs XLF →
Shared Holdings(22)
The top 10 shared positions account for 69% of the overlap, led by PNC, USB and PGR.
 PNCPNC Financial Services Group, Inc. (The) | 1.31% | 1.24% | 1.24% |
|---|---|---|---|
 USBU.S. Bancorp. COM NEW | 1.18% | 1.21% | 1.18% |
 PGRThe Progressive Corporation COM | 1.14% | 1.54% | 1.14% |
 AXPAmerican Express Company COM | 1.13% | 2.23% | 1.13% |
 MAMasterCard Incorporated CL A | 1.04% | 5.69% | 1.04% |
 TRVTravelers Companies, Inc. COM | 1.04% | 1.01% | 1.01% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.00% | 1.56% | 1.00% |
 VVisa, Inc., Class A | 0.97% | 7.53% | 0.97% |
 FITBFifth Third Bancorp COM | 1.07% | 0.63% | 0.63% |
 AMPAmeriprise Financial, Inc. COM | 0.92% | 0.62% | 0.62% |
 XYZBlock, Inc., Class A | 1.56% | 0.52% | 0.52% |
 HIGThe Hartford Insurance Group Inc. COM | 0.97% | 0.49% | 0.49% |
 MTBM&T Bank Corporation COM | 1.18% | 0.45% | 0.45% |
 HBANHuntington Bancshares Incorporated COM | 1.13% | 0.43% | 0.43% |
 ACGLArch Capital Group Ltd. COM USD0.01 | 1.59% | 0.42% | 0.42% |
 NTRSNorthern Trust Corporation COM | 2.16% | 0.42% | 0.42% |
 RJFRaymond James Financial Inc. COM | 0.93% | 0.38% | 0.38% |
 FISVFiserv Inc. COM | 1.09% | 0.35% | 0.35% |
 SYFSynchrony Financial COM | 1.57% | 0.32% | 0.32% |
 WRBW.R. Berkley Corporation COM | 1.05% | 0.26% | 0.26% |
 GPNGlobal Payments Inc COM | 0.85% | 0.25% | 0.25% |
 ERIEErie Indemnity Co., Class A | 0.83% | 0.08% | 0.08% |
Frequently Asked Questions
How much do SPGP and XLF overlap?
SPGP and XLF overlap by 14.3% of portfolio weight. They share 22 holdings (SPGP holds 73 positions and XLF holds 77), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPGP and XLF?
The two portfolios are 14.3% 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 SPGP and XLF?
The largest positions held by both funds are PNC, USB, PGR, AXP and MA. Together the top 10 shared positions account for 69% of the total overlap.
What does SPGP own that XLF doesn't?
51 positions (74.3% of SPGP) are unique to SPGP, led by MPWR, NVDA and HST. In the other direction, 55 positions (72.2% of XLF) are unique to XLF.