XLK vs XLV Overlap Analysis

Comparing Technology Select Sector SPDR Fund and Health Care Select Sector SPDR Fund

Holdings Overlap
0.00%
Very Low Overlap
Shared Holdings
0 of 10
Complete portfolio analysis
Calculation Method
Min Weight
Weighted intersection

Visual Overlap

XLK
XLV
0.0%
XLK Only
Overlap
XLV Only

⚔️Head-to-Head Comparison

10 - 4

🏆 XLK wins this comparison

Key Factors

💰 Expense Ratio
XLK:0.10%
vs
XLV:0.10%
🎯 Number of Holdings
XLK:65 holdings
vs
XLV:64 holdings
📈 5-Year Return
XLK:+25.5%
vs
XLV:+11.2%
Additional Metrics (5)
⚖️ Concentration Risk
XLK: 0.8% in top 10
XLV: 0.6% in top 10
📊 Assets Under Management
XLK: $55B ✓
XLV: $35B
Sharpe Ratio
XLK: 1.05
XLV: 0.68
📉 Volatility
XLK: 24.2%
XLV: 15.8%
🔍 Uniqueness vs SPY
XLK: 73.2% unique
XLV: 94.5% unique

Bottom line: XLK wins with better number of holdings and 5-year return. Both have the same expense ratio, so cost isn't a differentiator. Consider XLK for your portfolio, but XLV is still a solid choice if you prefer its specific advantages.

Shared Holdings (0 of 10 analyzed)

XLK & XLV Intersection

SymbolNameXLKXLVMin

Min Weight: The minimum weight between the two ETFs for each shared holding. This represents the true overlap contribution.

Data sourced from official fund providers. Showing top holdings for educational analysis.

Top Holdings Only in XLK

Unique to XLK

SymbolNameWeight
AAPLApple Inc0.21%
MSFTMicrosoft Corp0.20%
NVDANVIDIA Corp0.16%
AVGOBroadcom Inc0.05%
CRMSalesforce Inc0.03%

Top Holdings Only in XLV

Unique to XLV

SymbolNameWeight
LLYEli Lilly and Co0.12%
UNHUnitedHealth Group0.10%
JNJJohnson & Johnson0.07%
ABBVAbbVie Inc0.06%
MRKMerck & Co0.05%

Price Correlation

How We Calculate Overlap

We use the minimum weight method with normalization to calculate portfolio overlap:

Overlap = Σ min(weightA, weightB) for each shared holding

Normalization: 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.

📊 This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.

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