XAR vs XLI: Holdings Overlap
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · 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 XAR and XLI?
State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 12 holdings in common, and by portfolio weight the two funds are 19.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12XAR holds 47 · XLI holds 83
- Weight in Shared Holdings
- XAR 34%·XLI 25%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
35 of 47 positions (65.7% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | XAR | XLI |
|---|---|---|
| Industrials | 98.4% | 99.9% |
| 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 XLI).
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% |
| 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 XAR vs XLI →
Shared Holdings(12)
The top 10 shared positions account for 98% of the overlap, led by RTX, GE and BA.
 RTXRTX Corp. COM | 3.26% | 5.18% | 3.26% |
|---|---|---|---|
 GEGeneral Electric Co. | 3.04% | 6.73% | 3.04% |
 BABoeing Co. (The) | 2.87% | 3.15% | 2.87% |
 LMTLockheed Martin Corporation COM | 2.87% | 2.04% | 2.04% |
 HWMHowmet Aerospace Inc COM | 3.00% | 1.99% | 1.99% |
 GDGeneral Dynamics Corporation COM | 2.94% | 1.69% | 1.69% |
 NOCNorthrop Grumman Corporation COM | 2.71% | 1.30% | 1.30% |
 TDGTransdigm Group Inc. COM | 2.69% | 1.22% | 1.22% |
 LHXL3 Harris Technologies Inc COM | 2.47% | 0.93% | 0.93% |
 AXONAxon Enterprise Inc COM | 3.02% | 0.72% | 0.72% |
 TXTTextron Inc. COM | 2.49% | 0.26% | 0.26% |
 HIIHuntington Ingalls Industries, Inc. COM | 2.88% | 0.22% | 0.22% |
Frequently Asked Questions
How much do XAR and XLI overlap?
XAR and XLI overlap by 19.6% of portfolio weight. They share 12 holdings (XAR holds 47 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XAR and XLI?
The two portfolios are 19.6% 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 XAR and XLI?
The largest positions held by both funds are RTX, GE, BA, LMT and HWM. Together the top 10 shared positions account for 98% of the total overlap.
What does XAR own that XLI doesn't?
35 positions (65.7% of XAR) are unique to XAR, led by VSEC, ATI and SARO. In the other direction, 71 positions (74.5% of XLI) are unique to XLI.