TCAF vs XLI: Holdings Overlap
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 128 days apart (TCAF: 2026-03-31, 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 TCAF and XLI?
T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 8 holdings in common, and by portfolio weight the two funds are 3.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8TCAF holds 92 · XLI holds 83
- Weight in Shared Holdings
- TCAF 4%·XLI 11%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 TCAF
84 of 92 positions (95.9% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | TCAF | XLI |
|---|---|---|
| Industrials | 5.0% | 99.9% |
| Information Technology | 30.5% | 0.0% |
| Health Care | 17.6% | 0.0% |
| Consumer Discretionary | 12.1% | 0.0% |
| Utilities | 10.2% | 0.0% |
| Other Sectors | 21.1% | 0.0% |
| Unclassified | 3.3% | 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. “Unclassified” is weight we could not classify (3% of TCAF, 0% of XLI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
| 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 TCAF vs XLI →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by GE, IR and VLTO.
 GEGeneral Electric Co. | 0.86% | 6.73% | 0.86% |
|---|---|---|---|
 IRIngersoll Rand Inc COM | 1.37% | 0.54% | 0.54% |
 VLTOVeralto Corp. COM SHS | 0.39% | 0.41% | 0.39% |
 EFXEquifax Inc. COM | 0.37% | 0.36% | 0.36% |
 TDGTransdigm Group Inc. COM | 0.32% | 1.22% | 0.32% |
 OTISOtis Worldwide Corp. COM | 0.24% | 0.49% | 0.24% |
 RSGRepublic Services, Inc., Class A | 0.23% | 0.72% | 0.23% |
 AMEAmetek, Inc. COM | 0.12% | 0.99% | 0.12% |
Frequently Asked Questions
How much do TCAF and XLI overlap?
TCAF and XLI overlap by 3.1% of portfolio weight. They share 8 holdings (TCAF holds 92 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TCAF and XLI?
The two portfolios are 3.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of TCAF and XLI?
The largest positions held by both funds are GE, IR, VLTO, EFX and TDG. Together the top 8 shared positions account for 100% of the total overlap.
What does TCAF own that XLI doesn't?
84 positions (95.9% of TCAF) are unique to TCAF, led by MSFT, AMZN and AAPL. In the other direction, 75 positions (88.5% of XLI) are unique to XLI.