XLE vs SPY Overlap AnalysisOverlap
Comparing Energy Select Sector SPDR Fund and SPDR S&P 500 ETF Trust
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 SPY wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SPY wins with better expense ratio and number of holdings and 5-year return. Consider SPY for your portfolio, but XLE is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
20 shared holdings representing 2.8% portfolio overlap
Top Shared Holdings
| # | Stock | XLE Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | XOM XOM | 23.35% | 0.85% | 0.85% |
| 2 | CVX CVX | 16.91% | 0.48% | 0.48% |
| 3 | EOG EOG | 3.95% | 0.20% | 0.20% |
| 4 | COP COP | 6.90% | 0.19% | 0.19% |
| 5 | WMB WMB | 4.55% | 0.12% | 0.12% |
| 6 | SLB SLB | 3.92% | 0.10% | 0.10% |
| 7 | PSX PSX | 3.88% | 0.09% | 0.09% |
| 8 | KMI KMI | 3.66% | 0.09% | 0.09% |
| 9 | MPC MPC | 3.98% | 0.08% | 0.08% |
| 10 | VLO VLO | 3.74% | 0.08% | 0.08% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in XLE
Unique to XLE
| Symbol | Name | Weight |
|---|---|---|
| OXY | OXY | 2.05% |
| CTRA | CTRA | 1.41% |
Top Holdings Only in SPY
Unique to SPY
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 7.73% |
| AAPL | AAPL | 6.82% |
| MSFT | MSFT | 6.11% |
| AMZN | AMZN | 3.81% |
| GOOGL | GOOGL | 3.08% |
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.