DGRO is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. DGRO and XLY show limited overlap, with an estimated weighted overlap of 5.14%. They share 16 holdings in the loaded dataset, led by HD, MCD, and LOW.
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DGRO is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. DGRO and XLY show limited overlap, with an estimated weighted overlap of 5.14%. They share 16 holdings in the loaded dataset, led by HD, MCD, and LOW.
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DGRO is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. DGRO and XLY 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 HD, MCD, and LOW.
DGRO is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. DGRO is the broader fund, while XLY is the more targeted sleeve. DGRO and XLY 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 68.17% 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, XLY is the narrower expression. DGRO and XLY are priced very similarly on expense ratio.
Concentration
The top three shared holdings explain 68.17% 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 XLY.
| Holding | Name | DGRO Wt. | XLY Wt. | Overlap |
|---|---|---|---|---|
| HD | HOME DEPOT INC (THE) | 1.89% | 5.94% | 1.89% |
| MCD | MCDONALD'S CORP | 1.04% | 4.49% | 1.04% |
| LOW | LOWE'S COMPANIES INC | 0.57% | 3.30% | 0.57% |
| TJX | TJX COMPANIES INC (THE) | 0.42% | 4.41% | 0.42% |
| YUM | YUM! BRANDS INC | 0.19% | 1.07% | 0.19% |
| DRI | DARDEN RESTAURANTS INC | 0.16% | 0.56% | 0.16% |
| CH0114405324 | GARMIN LTD | 0.13% | 0.94% | 0.13% |
| EBAY | EBAY INC | 0.13% | 1.02% | 0.13% |
| ROST | ROSS STORES INC | 0.12% | 1.74% | 0.12% |
| GPC | GENUINE PARTS COMPANY | 0.12% | 0.37% | 0.12% |
DGRO is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are HD, MCD, and LOW, which appear in both portfolios and push the overlap score higher.
Holding both DGRO and XLY 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.