XLF vs SPY Overlap AnalysisOverlap
Comparing Financial 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. Consider SPY for your portfolio, but XLF is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
72 shared holdings representing 13.7% portfolio overlap
Top Shared Holdings
| # | Stock | XLF Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | BRK-B BRK-B | 11.80% | 1.55% | 1.55% |
| 2 | JPM JPM | 10.82% | 1.51% | 1.51% |
| 3 | V V | 7.26% | 1.01% | 1.01% |
| 4 | MA MA | 5.81% | 0.80% | 0.80% |
| 5 | BAC BAC | 4.78% | 0.64% | 0.64% |
| 6 | SCHW SCHW | 2.10% | 0.58% | 0.58% |
| 7 | WFC WFC | 3.73% | 0.50% | 0.50% |
| 8 | GS GS | 3.47% | 0.46% | 0.46% |
| 9 | MS MS | 2.84% | 0.37% | 0.37% |
| 10 | C C | 2.64% | 0.37% | 0.37% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in XLF
Unique to XLF
| Symbol | Name | Weight |
|---|---|---|
| WTW | WTW | 0.41% |
| SYF | SYF | 0.39% |
| RJF | RJF | 0.38% |
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.