DIA vs XLV Overlap AnalysisOverlap
Comparing SPDR Dow Jones Industrial Average ETF and Health Care Select Sector SPDR Fund
Visual Overlap
Price Performance
Historical price comparison over 3M
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ XLV wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: XLV wins with better expense ratio and number of holdings. Consider XLV for your portfolio, but DIA is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
2 shared holdings representing 8.5% portfolio overlap
Top Shared Holdings
| # | Stock | DIA Weight | XLV Weight | Overlap |
|---|---|---|---|---|
| 1 | UNH UnitedHealth Group | 9.85% | 5.38% | 5.38% |
| 2 | AMGN Amgen Inc | 5.85% | 3.10% | 3.10% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in DIA
Unique to DIA
| Symbol | Name | Weight |
|---|---|---|
| GS | Goldman Sachs | 8.25% |
| MSFT | Microsoft Corp | 6.85% |
| HD | Home Depot | 6.65% |
| CAT | Caterpillar Inc | 6.25% |
| V | Visa Inc | 5.65% |
Top Holdings Only in XLV
Unique to XLV
| Symbol | Name | Weight |
|---|---|---|
| LLY | LLY | 14.33% |
| JNJ | JNJ | 8.84% |
| ABBV | ABBV | 7.23% |
| MRK | MRK | 4.44% |
| TMO | TMO | 3.90% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.