SPLV vs XLU: Holdings Overlap
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
XLUState Street® Utilities Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $23.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (SPLV: 2026-05-31, XLU: 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 XLU?
Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100 positions; State Street® Utilities Select Sector SPDR® ETF (XLU, by State Street (SPDR)) holds 31. They have 22 holdings in common, and by portfolio weight the two funds are 24.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 24.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22SPLV holds 100 · XLU holds 31
- Weight in Shared Holdings
- SPLV 25%·XLU 66%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
78 of 100 positions (74.7% of the fund) are not held by XLU. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPLV | XLU |
|---|---|---|
| Utilities | 25.0% | 99.7% |
| Financials | 21.0% | 0.0% |
| Real Estate | 17.7% | 0.0% |
| Industrials | 12.2% | 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% |
| XLU | -4.6% | +3.5% | +3.6% | +14.3% | +8.5% | +9.0% | 2.74% |
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 XLU →
Shared Holdings(22)
The top 10 shared positions account for 50% of the overlap, led by FE, DUK and AEE.
 FEFirstEnergy Corp. COM | 1.34% | 1.80% | 1.34% |
|---|---|---|---|
 DUKDuke Energy Corp COM NEW | 1.25% | 7.11% | 1.25% |
 AEEAmeren Corp. COM | 1.24% | 2.21% | 1.24% |
 WECWEC Energy Group Inc. COM | 1.24% | 2.59% | 1.24% |
 LNTAlliant Energy Corporation COM | 1.23% | 1.32% | 1.23% |
 CNPCenterpoint Energy Inc COM | 1.23% | 1.96% | 1.23% |
 DTEDTE Energy Co. COM | 1.22% | 2.14% | 1.22% |
 EVRGEvergy Inc COM | 1.22% | 1.41% | 1.22% |
 CMSCMS Energy Corporation COM | 1.18% | 1.61% | 1.18% |
 SOSouthern Co. (The) | 1.16% | 7.71% | 1.16% |
 ATOAtmos Energy Corp. COM | 1.14% | 2.11% | 1.14% |
 DDominion Energy Inc COM | 1.13% | 4.33% | 1.13% |
 PPLPPL Corporation COM | 1.10% | 1.92% | 1.10% |
 EDConsolidated Edison, Inc. COM | 1.08% | 2.96% | 1.08% |
 EXCExelon Corp. COM | 1.06% | 3.42% | 1.06% |
 AEPAmerican Electric Power Co, Inc. COM | 1.05% | 5.02% | 1.05% |
 NINiSource Inc. COM | 1.03% | 1.53% | 1.03% |
 PEGPublic Service Enterprise Group Incorporated COM | 1.01% | 2.75% | 1.01% |
 XELXcel Energy Inc COM | 0.99% | 3.54% | 0.99% |
 ETREntergy Corporation COM | 0.97% | 3.59% | 0.97% |
 SRESempra COM | 0.95% | 4.06% | 0.95% |
 PNWPinnacle West Capital Corp. COM | 1.19% | 0.90% | 0.90% |
Frequently Asked Questions
How much do SPLV and XLU overlap?
SPLV and XLU overlap by 24.7% of portfolio weight. They share 22 holdings (SPLV holds 100 positions and XLU holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPLV and XLU?
The two portfolios are 24.7% 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 SPLV and XLU?
The largest positions held by both funds are FE, DUK, AEE, WEC and LNT. Together the top 10 shared positions account for 50% of the total overlap.
What does SPLV own that XLU doesn't?
78 positions (74.7% of SPLV) are unique to SPLV, led by L, BRK-B and O. In the other direction, 9 positions (33.7% of XLU) are unique to XLU.