XLU vs EMLP: Holdings Overlap
XLUState Street® Utilities Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $23.0B · as of 2026-08-06
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
Holdings snapshots are 98 days apart (XLU: 2026-08-06, EMLP: 2026-04-30). 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 XLU and EMLP?
State Street® Utilities Select Sector SPDR® ETF (XLU, by State Street (SPDR)) holds 31 positions; First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63. They have 24 holdings in common, and by portfolio weight the two funds are 32.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24XLU holds 31 · EMLP holds 63
- Weight in Shared Holdings
- XLU 87%·EMLP 33%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 XLU
7 of 31 positions (13.1% of the fund) are not held by EMLP.
Sector Breakdown
| Sector | XLU | EMLP |
|---|---|---|
| Utilities | 99.7% | 45.6% |
| Energy | 0.0% | 39.5% |
| Industrials | 0.0% | 3.6% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 4.4% |
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 XLU, 5% of EMLP).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| XLU | -4.6% | +3.5% | +3.6% | +14.3% | +8.5% | +9.0% | 2.74% |
| EMLP | -1.5% | +16.3% | +17.6% | +20.5% | +16.2% | +9.9% | 2.80% |
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 XLU vs EMLP →
Shared Holdings(24)
The top 10 shared positions account for 59% of the overlap, led by SO, ETR and AEP.
 SOSouthern Co. (The) | 7.71% | 2.67% | 2.67% |
|---|---|---|---|
 ETREntergy Corporation COM | 3.59% | 2.43% | 2.43% |
 AEPAmerican Electric Power Co, Inc. COM | 5.02% | 2.06% | 2.06% |
 DUKDuke Energy Corp COM NEW | 7.11% | 1.93% | 1.93% |
 PPLPPL Corporation COM | 1.92% | 2.52% | 1.92% |
 SRESempra COM | 4.06% | 1.82% | 1.82% |
 PEGPublic Service Enterprise Group Incorporated COM | 2.75% | 1.62% | 1.62% |
 DTEDTE Energy Co. COM | 2.14% | 1.50% | 1.50% |
 WECWEC Energy Group Inc. COM | 2.59% | 1.45% | 1.45% |
 FEFirstEnergy Corp. COM | 1.80% | 1.42% | 1.42% |
 EVRGEvergy Inc COM | 1.41% | 1.61% | 1.41% |
 DDominion Energy Inc COM | 4.33% | 1.35% | 1.35% |
 CNPCenterpoint Energy Inc COM | 1.96% | 1.34% | 1.34% |
 XELXcel Energy Inc COM | 3.54% | 1.30% | 1.30% |
 NEENextEra Energy Inc COM | 12.99% | 1.27% | 1.27% |
 ATOAtmos Energy Corp. COM | 2.11% | 1.19% | 1.19% |
 VSTVistra Corp. COMMON STOCK | 3.30% | 1.11% | 1.11% |
 AEEAmeren Corp. COM | 2.21% | 0.97% | 0.97% |
 LNTAlliant Energy Corporation COM | 1.32% | 0.95% | 0.95% |
 CMSCMS Energy Corporation COM | 1.61% | 0.92% | 0.92% |
 PCGPGandE CORP COMMON STOCK | 2.76% | 0.42% | 0.42% |
 AESAES Corp. (The) | 0.77% | 0.41% | 0.41% |
 CEGConstellation Energy Corp. COM | 6.15% | 0.40% | 0.40% |
 EXCExelon Corp. COM | 3.42% | 0.21% | 0.21% |
Frequently Asked Questions
How much do XLU and EMLP overlap?
XLU and EMLP overlap by 32.1% of portfolio weight. They share 24 holdings (XLU holds 31 positions and EMLP holds 63), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XLU and EMLP?
The two portfolios are 32.1% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of XLU and EMLP?
The largest positions held by both funds are SO, ETR, AEP, DUK and PPL. Together the top 10 shared positions account for 59% of the total overlap.
What does XLU own that EMLP doesn't?
7 positions (13.1% of XLU) are unique to XLU, led by ED, ES and AWK. In the other direction, 39 positions (60.2% of EMLP) are unique to EMLP.