SPLG vs XLG: Holdings Overlap
SPLGState Street® SPDR® Portfolio S&P 500® ETF
State Street (SPDR) · 504 holdings · $157.4B · as of 2026-08-06
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 98 days apart (SPLG: 2026-08-06, XLG: 2026-04-30). 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 SPLG and XLG?
State Street® SPDR® Portfolio S&P 500® ETF (SPLG, by State Street (SPDR)) holds 504 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 50 holdings in common, and by portfolio weight the two funds are 58.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 58.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 50SPLG holds 504 · XLG holds 51
- Weight in Shared Holdings
- SPLG 59%·XLG 98%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 SPLG
454 of 504 positions (41.1% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPLG | XLG |
|---|---|---|
| Information Technology | 37.6% | 43.7% |
| Communication Services | 9.7% | 17.0% |
| Financials | 12.3% | 9.6% |
| Consumer Discretionary | 9.3% | 11.3% |
| Health Care | 8.9% | 7.0% |
| Other Sectors | 22.1% | 11.0% |
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 |
|---|---|---|---|---|---|---|---|
| SPLG | +3.4% | +14.1% | +23.7% | +21.3% | +13.4% | +15.4% | 1.00% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 SPLG vs XLG →
Shared Holdings(50)
The top 10 shared positions account for 65% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.00% | 13.04% | 8.00% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.92% | 10.71% | 6.92% |
 MSFTMicrosoft Corp. COM | 5.60% | 8.14% | 5.60% |
 AMZNAmazon.com, Inc. COM | 4.02% | 6.96% | 4.02% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.16% | 6.03% | 3.16% |
 AVGOBroadcom Inc COM | 3.00% | 4.83% | 3.00% |
 GOOGAlphabet Inc. CAP STK CL C | 2.54% | 4.80% | 2.54% |
 METAMeta Platforms, Inc., Class A | 1.95% | 3.60% | 1.95% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.45% | 2.34% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 1.44% | 2.27% | 1.44% |
 LLYEli Lilly & Co. COM | 1.42% | 1.99% | 1.42% |
 TSLATesla Inc COM | 1.36% | 2.89% | 1.36% |
 AMDAdvanced Micro Devices Inc. COM | 1.20% | 1.55% | 1.20% |
 JNJJohnson & Johnson COM | 0.93% | 1.49% | 0.93% |
 VVisa, Inc., Class A | 0.93% | 1.49% | 0.93% |
 WMTWalmart Inc COM | 0.74% | 1.56% | 0.74% |
 CSCOCisco Systems, Inc. COM | 0.72% | 0.97% | 0.72% |
 MAMasterCard Incorporated CL A | 0.70% | 1.10% | 0.70% |
 ABBVAbbVie Inc. COM | 0.65% | 1.00% | 0.65% |
 COSTCostco Wholesale Corporation COM | 0.63% | 1.21% | 0.63% |
 BACBank of America Corp. COM | 0.62% | 0.95% | 0.62% |
 CATCaterpillar Inc COM | 0.59% | 1.11% | 0.59% |
 GEGeneral Electric Co. | 0.59% | 0.82% | 0.59% |
 UNHUnitedHealth Group Inc. COM | 0.55% | 0.90% | 0.55% |
 PLTRPalantir Technologies, Inc., Class A | 0.54% | 0.85% | 0.54% |
Frequently Asked Questions
How much do SPLG and XLG overlap?
SPLG and XLG overlap by 58.8% of portfolio weight. They share 50 holdings (SPLG holds 504 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPLG and XLG?
The two portfolios are 58.8% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPLG and XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 65% of the total overlap.
What does SPLG own that XLG doesn't?
454 positions (41.1% of SPLG) are unique to SPLG, led by MU, XOM and INTC. In the other direction, 1 positions (1.7% of XLG) are unique to XLG.