SPGP vs XLI: Holdings Overlap
Invesco · 73 holdings · $2.3B · as of 2026-04-30
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 98 days apart (SPGP: 2026-04-30, 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 SPGP and XLI?
Invesco S&P 500 GARP ETF (SPGP, by Invesco) holds 73 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 12 holdings in common, and by portfolio weight the two funds are 13.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12SPGP holds 73 · XLI holds 83
- Weight in Shared Holdings
- SPGP 18%·XLI 21%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
61 of 73 positions (81.9% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPGP | XLI |
|---|---|---|
| Industrials | 18.1% | 99.9% |
| Financials | 25.7% | 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% |
| 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 SPGP vs XLI →
Shared Holdings(12)
The top 10 shared positions account for 92% of the overlap, led by UBER, CAT and CMI.
 UBERUber Technologies Inc COM | 2.17% | 2.47% | 2.17% |
|---|---|---|---|
 CATCaterpillar Inc COM | 1.45% | 6.79% | 1.45% |
 CMICummins Inc. COM | 1.38% | 1.53% | 1.38% |
 TTTrane Technologies PLC COM USD1 | 1.32% | 1.82% | 1.32% |
 URIUnited Rentals, Inc. COM | 1.54% | 1.25% | 1.25% |
 PCARPaccar Inc COM | 1.11% | 1.20% | 1.11% |
 DALDelta Air Lines Inc. COM NEW | 2.25% | 1.03% | 1.03% |
 PHParker-Hannifin Corp. COM | 0.98% | 2.32% | 0.98% |
 GWWW.w. Grainger Inc. COM | 1.16% | 0.96% | 0.96% |
 UALUnited Airlines Holdings Inc COM | 1.61% | 0.72% | 0.72% |
 EMEEmcor Group Inc COM | 2.06% | 0.62% | 0.62% |
 HUBBHubbell Incorporated COM | 1.12% | 0.46% | 0.46% |
Frequently Asked Questions
How much do SPGP and XLI overlap?
SPGP and XLI overlap by 13.4% of portfolio weight. They share 12 holdings (SPGP holds 73 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPGP and XLI?
The two portfolios are 13.4% 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 XLI?
The largest positions held by both funds are UBER, CAT, CMI, TT and URI. Together the top 10 shared positions account for 92% of the total overlap.
What does SPGP own that XLI doesn't?
61 positions (81.9% of SPGP) are unique to SPGP, led by MPWR, NVDA and HST. In the other direction, 71 positions (78.8% of XLI) are unique to XLI.