HDV vs XLP Overlap
HDV is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. HDV and XLP show meaningful overlap, with an estimated weighted overlap of 27.44%. They share 13 holdings in the loaded dataset, led by PG, PM, and KO.
Served from cache.
Quick Answer
HDV is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. HDV and XLP show meaningful overlap, with an estimated weighted overlap of 27.44%. They share 13 holdings in the loaded dataset, led by PG, PM, and KO.
- 27.44% weighted overlap across 13 shared holdings.
- The top three shared holdings explain 53.06% of the measured overlap.
- HDV is the broader fund, while XLP is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- HDV holdings
- Mar 12, 2026
- XLP holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
Compare another pair
About These ETFs
What Stands Out In This Comparison
What This Means
HDV is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. HDV and XLP overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as PG, PM, and KO, which explains why the score lands at 27.44%.
How They Differ
HDV is a dividend-focused equity ETF from IShares, while XLP is a consumer staples ETF from SPDR. HDV is the broader fund, while XLP is the more targeted sleeve. HDV and XLP are priced very similarly on expense ratio.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 53.06% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
If you want the broader portfolio building block, HDV is usually the wider choice. If you want the more focused tilt, XLP is the narrower expression. HDV and XLP are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 53.06% 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.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between HDV and XLP.
| Holding | Name | HDV Wt. | XLP Wt. | Overlap |
|---|---|---|---|---|
| PG | PROCTER & GAMBLE | 5.29% | 7.77% | 5.29% |
| PM | PHILIP MORRIS INTERNATIONAL INC | 5.07% | 5.74% | 5.07% |
| KO | COCA-COLA | 4.20% | 6.43% | 4.20% |
| PEP | PEPSICO INC | 4.09% | 4.69% | 4.09% |
| MO | ALTRIA GROUP INC | 3.91% | 4.68% | 3.91% |
| MDLZ | MONDELEZ INTERNATIONAL INC CLASS A | 1.27% | 4.30% | 1.27% |
| CL | COLGATE-PALMOLIVE | 0.97% | 4.68% | 0.97% |
| KMB | KIMBERLY CLARK CORP | 0.80% | 2.12% | 0.80% |
| GIS | GENERAL MILLS INC | 0.57% | 1.42% | 0.57% |
| SYY | SYSCO CORP | 0.57% | 2.53% | 0.57% |
Why These ETFs Overlap
HDV 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 HDV and XLP can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
Related Comparisons
Frequently Asked Questions About HDV and XLP
What is the overlap between HDV and XLP?+
How many holdings do HDV and XLP share?+
Is the HDV and XLP overlap high?+
Why do HDV and XLP overlap?+
Which ETF is broader, HDV or XLP?+
How Overlap Is Calculated
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.