XLF vs DIA Overlap AnalysisOverlap
Comparing Financial Select Sector SPDR Fund and SPDR Dow Jones Industrial Average ETF
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 XLF wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: XLF wins with better expense ratio and number of holdings. Consider XLF for your portfolio, but DIA is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
2 shared holdings representing 10.8% portfolio overlap
Top Shared Holdings
| # | Stock | XLF Weight | DIA Weight | Overlap |
|---|---|---|---|---|
| 1 | V V | 7.26% | 5.65% | 5.65% |
| 2 | GS GS | 3.47% | 8.25% | 3.47% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in XLF
Unique to XLF
| Symbol | Name | Weight |
|---|---|---|
| BRK-B | BRK-B | 11.80% |
| JPM | JPM | 10.82% |
| MA | MA | 5.81% |
| BAC | BAC | 4.78% |
| WFC | WFC | 3.73% |
Top Holdings Only in DIA
Unique to DIA
| Symbol | Name | Weight |
|---|---|---|
| UNH | UnitedHealth Group | 9.85% |
| MSFT | Microsoft Corp | 6.85% |
| HD | Home Depot | 6.65% |
| CAT | Caterpillar Inc | 6.25% |
| AMGN | Amgen Inc | 5.85% |
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.