TCAF vs XLU: Holdings Overlap
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
XLUState Street® Utilities Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $23.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (TCAF: 2026-03-31, 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 TCAF and XLU?
T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92 positions; State Street® Utilities Select Sector SPDR® ETF (XLU, by State Street (SPDR)) holds 31. They have 6 holdings in common, and by portfolio weight the two funds are 7.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6TCAF holds 92 · XLU holds 31
- Weight in Shared Holdings
- TCAF 10%·XLU 14%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
86 of 92 positions (89.7% of the fund) are not held by XLU. Showing the top 30 by weight.
Sector Breakdown
| Sector | TCAF | XLU |
|---|---|---|
| Utilities | 10.2% | 99.7% |
| Information Technology | 30.5% | 0.0% |
| Health Care | 17.6% | 0.0% |
| Consumer Discretionary | 12.1% | 0.0% |
| Communication Services | 8.2% | 0.0% |
| Other Sectors | 17.9% | 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 XLU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
| 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 TCAF vs XLU →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by CNP, NI and AEE.
 CNPCenterpoint Energy Inc COM | 3.43% | 1.96% | 1.96% |
|---|---|---|---|
 NINiSource Inc. COM | 3.19% | 1.53% | 1.53% |
 AEEAmeren Corp. COM | 1.51% | 2.21% | 1.51% |
 PPLPPL Corporation COM | 1.25% | 1.92% | 1.25% |
 WECWEC Energy Group Inc. COM | 0.51% | 2.59% | 0.51% |
 ETREntergy Corporation COM | 0.25% | 3.59% | 0.25% |
Frequently Asked Questions
How much do TCAF and XLU overlap?
TCAF and XLU overlap by 7.0% of portfolio weight. They share 6 holdings (TCAF holds 92 positions and XLU holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TCAF and XLU?
The two portfolios are 7.0% 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 TCAF and XLU?
The largest positions held by both funds are CNP, NI, AEE, PPL and WEC. Together the top 6 shared positions account for 100% of the total overlap.
What does TCAF own that XLU doesn't?
86 positions (89.7% of TCAF) are unique to TCAF, led by MSFT, AMZN and AAPL. In the other direction, 25 positions (85.9% of XLU) are unique to XLU.