SPYV vs XLI: Holdings Overlap
SPYVState Street® SPDR® Portfolio S&P 500® Value ETF
State Street (SPDR) · 438 holdings · $36.8B · as of 2026-08-06
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
How similar are SPYV and XLI?
State Street® SPDR® Portfolio S&P 500® Value ETF (SPYV, by State Street (SPDR)) holds 438 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 72 holdings in common, and by portfolio weight the two funds are 11.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 72SPYV holds 438 · XLI holds 83
- Weight in Shared Holdings
- SPYV 12%·XLI 72%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 SPYV
366 of 438 positions (88.3% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPYV | XLI |
|---|---|---|
| Industrials | 11.6% | 99.9% |
| Information Technology | 19.6% | 0.0% |
| Financials | 16.3% | 0.0% |
| Health Care | 12.4% | 0.0% |
| Consumer Discretionary | 10.3% | 0.0% |
| Other Sectors | 29.7% | 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 |
|---|---|---|---|---|---|---|---|
| SPYV | +2.2% | +12.1% | +21.6% | +14.8% | +11.7% | +11.9% | 1.66% |
| 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 SPYV vs XLI →
Shared Holdings(72)
The top 10 shared positions account for 37% of the overlap, led by GE, UNP and ETN.
 GEGeneral Electric Co. | 0.63% | 6.73% | 0.63% |
|---|---|---|---|
 UNPUnion Pacific Corporation COM | 0.59% | 3.02% | 0.59% |
 ETNEaton Corporation PLC COM USD0.01 | 0.58% | 2.99% | 0.58% |
 DEDeere & Company COM | 0.52% | 2.66% | 0.52% |
 LMTLockheed Martin Corporation COM | 0.40% | 2.04% | 0.40% |
 ADPAutomatic Data Processing, Inc. COM | 0.37% | 1.88% | 0.37% |
 BABoeing Co. (The) | 0.34% | 3.15% | 0.34% |
 MMM3M Company COM | 0.31% | 1.62% | 0.31% |
 CSXCSX Corporation COM | 0.31% | 1.62% | 0.31% |
 EMREmerson Electric Co. COM | 0.29% | 1.51% | 0.29% |
 WMWaste Management, Inc. COM | 0.28% | 1.46% | 0.28% |
 ITWIllinois Tool Works Inc. COM | 0.26% | 1.33% | 0.26% |
 UPSUnited Parcel Service, Inc., Class B | 0.26% | 1.33% | 0.26% |
 NSCNorfolk Southern Corporation COM | 0.26% | 1.32% | 0.26% |
 HONHONEYWELL INTERNATIONAL INC | 0.25% | 1.31% | 0.25% |
 NOCNorthrop Grumman Corporation COM | 0.25% | 1.30% | 0.25% |
 PCARPaccar Inc COM | 0.23% | 1.20% | 0.23% |
 FDXFedEx Corporation COM | 0.23% | 1.19% | 0.23% |
 CTASCintas Corporation COM | 0.23% | 1.18% | 0.23% |
 DALDelta Air Lines Inc. COM NEW | 0.20% | 1.03% | 0.20% |
 PHParker-Hannifin Corp. COM | 0.20% | 2.32% | 0.20% |
 FASTFastenal Co. COM | 0.19% | 1.00% | 0.19% |
 AMEAmetek, Inc. COM | 0.19% | 0.99% | 0.19% |
 GWWW.w. Grainger Inc. COM | 0.19% | 0.96% | 0.19% |
 LHXL3 Harris Technologies Inc COM | 0.18% | 0.93% | 0.18% |
Frequently Asked Questions
How much do SPYV and XLI overlap?
SPYV and XLI overlap by 11.6% of portfolio weight. They share 72 holdings (SPYV holds 438 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPYV and XLI?
The two portfolios are 11.6% 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 SPYV and XLI?
The largest positions held by both funds are GE, UNP, ETN, DE and LMT. Together the top 10 shared positions account for 37% of the total overlap.
What does SPYV own that XLI doesn't?
366 positions (88.3% of SPYV) are unique to SPYV, led by AAPL, AMZN and XOM. In the other direction, 11 positions (27.7% of XLI) are unique to XLI.