DGRO is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. DGRO and XLP show limited overlap, with an estimated weighted overlap of 13.07%. They share 19 holdings in the loaded dataset, led by PG, PM, and KO.
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Quick Answer
DGRO is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. DGRO and XLP show limited overlap, with an estimated weighted overlap of 13.07%. They share 19 holdings in the loaded dataset, led by PG, PM, and KO.
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DGRO is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. DGRO and XLP do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like PG, PM, and KO.
DGRO is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. DGRO is the broader fund, while XLP is the more targeted sleeve. DGRO and XLP are priced very similarly on expense ratio.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 52.58% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, DGRO is usually the wider choice. If you want the more focused tilt, XLP is the narrower expression. DGRO and XLP are priced very similarly on expense ratio.
Concentration
The top three shared holdings explain 52.58% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
These are the holdings contributing the most to the overlap score between DGRO and XLP.
| Holding | Name | DGRO Wt. | XLP Wt. | Overlap |
|---|---|---|---|---|
| PG | PROCTER & GAMBLE | 2.50% | 7.77% | 2.50% |
| PM | PHILIP MORRIS INTERNATIONAL INC | 2.39% | 5.74% | 2.39% |
| KO | COCA-COLA | 1.98% | 6.43% | 1.98% |
| PEP | PEPSICO INC | 1.93% | 4.69% | 1.93% |
| WMT | WALMART INC | 1.00% | 11.70% | 1.00% |
| MDLZ | MONDELEZ INTERNATIONAL INC CLASS A | 0.60% | 4.30% | 0.60% |
| COST | COSTCO WHOLESALE CORP | 0.58% | 9.43% | 0.58% |
| CL | COLGATE-PALMOLIVE | 0.46% | 4.68% | 0.46% |
| SYY | SYSCO CORP | 0.27% | 2.53% | 0.27% |
| ADM | ARCHER DANIELS MIDLAND | 0.25% | 2.09% | 0.25% |
DGRO is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are PG, PM, and KO, which appear in both portfolios and push the overlap score higher.
Holding both DGRO and XLP can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.