XLI vs SHLD: Holdings Overlap
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Global X · 48 holdings · $7.6B · as of 2026-05-31
Holdings snapshots are 67 days apart (XLI: 2026-08-06, SHLD: 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 XLI and SHLD?
State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83 positions; Global X Defense Tech ETF (SHLD, by Global X) holds 48. They have 7 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7XLI holds 83 · SHLD holds 48
- Weight in Shared Holdings
- XLI 12%·SHLD 38%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 XLI
76 of 83 positions (88.3% of the fund) are not held by SHLD. Showing the top 30 by weight.
Sector Breakdown
| Sector | XLI | SHLD |
|---|---|---|
| Industrials | 99.9% | 82.5% |
| Information Technology | 0.0% | 8.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 9.1% |
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 (0% of XLI, 9% of SHLD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
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 XLI vs SHLD →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by RTX, LMT and GD.
 RTXRTX Corp. COM | 5.18% | 7.76% | 5.18% |
|---|---|---|---|
 LMTLockheed Martin Corporation COM | 2.04% | 8.41% | 2.04% |
 GDGeneral Dynamics Corporation COM | 1.69% | 7.67% | 1.69% |
 NOCNorthrop Grumman Corporation COM | 1.30% | 4.23% | 1.30% |
 LHXL3 Harris Technologies Inc COM | 0.93% | 4.69% | 0.93% |
 LDOSLeidos Holdings Inc COM | 0.29% | 2.77% | 0.29% |
 HIIHuntington Ingalls Industries, Inc. COM | 0.22% | 2.04% | 0.22% |
Frequently Asked Questions
How much do XLI and SHLD overlap?
XLI and SHLD overlap by 11.7% of portfolio weight. They share 7 holdings (XLI holds 83 positions and SHLD holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XLI and SHLD?
The two portfolios are 11.7% 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 XLI and SHLD?
The largest positions held by both funds are RTX, LMT, GD, NOC and LHX. Together the top 7 shared positions account for 100% of the total overlap.
What does XLI own that SHLD doesn't?
76 positions (88.3% of XLI) are unique to XLI, led by CAT, GE and GEV. In the other direction, 41 positions (62.1% of SHLD) are unique to SHLD.