SPLV vs XLI: Holdings Overlap
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · 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 (SPLV: 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 SPLV and XLI?
Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100 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 9.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12SPLV holds 100 · XLI holds 83
- Weight in Shared Holdings
- SPLV 11%·XLI 15%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 SPLV
88 of 100 positions (88.5% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPLV | XLI |
|---|---|---|
| Industrials | 12.2% | 99.9% |
| Utilities | 25.0% | 0.0% |
| Financials | 21.0% | 0.0% |
| Real Estate | 17.7% | 0.0% |
| Consumer Staples | 9.4% | 0.0% |
| Other Sectors | 14.3% | 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 |
|---|---|---|---|---|---|---|---|
| SPLV | -0.7% | +8.1% | +6.1% | +9.1% | +6.0% | +8.3% | 2.12% |
| 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 SPLV vs XLI →
Shared Holdings(12)
The top 10 shared positions account for 93% of the overlap, led by CTAS, WM and NSC.
 CTASCintas Corporation COM | 1.05% | 1.18% | 1.05% |
|---|---|---|---|
 WMWaste Management, Inc. COM | 1.00% | 1.46% | 1.00% |
 NSCNorfolk Southern Corporation COM | 0.93% | 1.32% | 0.93% |
 ADPAutomatic Data Processing, Inc. COM | 0.92% | 1.88% | 0.92% |
 GDGeneral Dynamics Corporation COM | 0.92% | 1.69% | 0.92% |
 ITWIllinois Tool Works Inc. COM | 0.89% | 1.33% | 0.89% |
 UNPUnion Pacific Corporation COM | 0.88% | 3.02% | 0.88% |
 AMEAmetek, Inc. COM | 0.84% | 0.99% | 0.84% |
 RSGRepublic Services, Inc., Class A | 1.09% | 0.72% | 0.72% |
 VLTOVeralto Corp. COM SHS | 0.89% | 0.41% | 0.41% |
 SNASnap-On Incorporated COM | 0.89% | 0.37% | 0.37% |
 NDSNNordson Corp COM | 0.87% | 0.28% | 0.28% |
Frequently Asked Questions
How much do SPLV and XLI overlap?
SPLV and XLI overlap by 9.2% of portfolio weight. They share 12 holdings (SPLV holds 100 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPLV and XLI?
The two portfolios are 9.2% 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 SPLV and XLI?
The largest positions held by both funds are CTAS, WM, NSC, ADP and GD. Together the top 10 shared positions account for 93% of the total overlap.
What does SPLV own that XLI doesn't?
88 positions (88.5% of SPLV) are unique to SPLV, led by FE, L and BRK-B. In the other direction, 71 positions (85.3% of XLI) are unique to XLI.