XAR vs VIS: Holdings Overlap
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
VISVanguard Industrials Index Fund
Vanguard · 381 holdings · $8.5B · as of 2026-05-31
Holdings snapshots are 67 days apart (XAR: 2026-08-06, VIS: 2026-05-31). 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 XAR and VIS?
State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47 positions; Vanguard Industrials Index Fund (VIS, by Vanguard) holds 381. They have 41 holdings in common, and by portfolio weight the two funds are 20.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41XAR holds 47 · VIS holds 381
- Weight in Shared Holdings
- XAR 95%·VIS 23%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 XAR
6 of 47 positions (4.9% of the fund) are not held by VIS.
Sector Breakdown
| Sector | XAR | VIS |
|---|---|---|
| Industrials | 98.4% | 99.3% |
| Information Technology | 0.0% | 0.3% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 1.6% | 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 (2% of XAR, 0% of VIS).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
| VIS | +1.5% | +20.1% | +25.2% | +20.8% | +14.0% | +14.1% | 0.87% |
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 XAR vs VIS →
Shared Holdings(41)
The top 10 shared positions account for 81% of the overlap, led by RTX, GE and BA.
 RTXRTX Corp. COM | 3.26% | 3.41% | 3.26% |
|---|---|---|---|
 GEGeneral Electric Co. | 3.04% | 4.84% | 3.04% |
 BABoeing Co. (The) | 2.87% | 2.57% | 2.57% |
 LMTLockheed Martin Corporation COM | 2.87% | 1.57% | 1.57% |
 HWMHowmet Aerospace Inc COM | 3.00% | 1.40% | 1.40% |
 GDGeneral Dynamics Corporation COM | 2.94% | 1.13% | 1.13% |
 NOCNorthrop Grumman Corporation COM | 2.71% | 1.08% | 1.08% |
 TDGTransdigm Group Inc. COM | 2.69% | 1.00% | 1.00% |
 RKLBRocket Lab Corp. COM | 1.86% | 0.98% | 0.98% |
 LHXL3 Harris Technologies Inc COM | 2.47% | 0.84% | 0.84% |
 AXONAxon Enterprise Inc COM | 3.02% | 0.48% | 0.48% |
 CWCurtiss-Wright Corporation | 2.57% | 0.39% | 0.39% |
 ATIATI Inc COMMON STOCK | 3.15% | 0.34% | 0.34% |
 CRSCarpenter Technology Corporation COM | 2.76% | 0.33% | 0.33% |
 WWDWoodward Inc. COM | 2.58% | 0.30% | 0.30% |
 BWXTBWX Technologies Inc. COM | 2.36% | 0.25% | 0.25% |
 TXTTextron Inc. COM | 2.49% | 0.23% | 0.23% |
 HEIHeico Corp COM | 2.93% | 0.22% | 0.22% |
 HIIHuntington Ingalls Industries, Inc. COM | 2.88% | 0.17% | 0.17% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 2.71% | 0.15% | 0.15% |
 MOG-AMoog, Inc., Class A | 2.78% | 0.15% | 0.15% |
 HXLHexcel Corporation COM | 2.91% | 0.10% | 0.10% |
 AVAVAeroVironment, Inc. COM | 2.56% | 0.10% | 0.10% |
 MRCYMercury Systems Inc COM | 2.01% | 0.09% | 0.09% |
 SAROStandardAero Inc. COM | 3.13% | 0.08% | 0.08% |
Frequently Asked Questions
How much do XAR and VIS overlap?
XAR and VIS overlap by 20.8% of portfolio weight. They share 41 holdings (XAR holds 47 positions and VIS holds 381), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XAR and VIS?
The two portfolios are 20.8% 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 XAR and VIS?
The largest positions held by both funds are RTX, GE, BA, LMT and HWM. Together the top 10 shared positions account for 81% of the total overlap.
What does XAR own that VIS doesn't?
6 positions (4.9% of XAR) are unique to XAR, led by FTAI, FLY and BETA. In the other direction, 340 positions (76.8% of VIS) are unique to VIS.