HDV vs XLY Overlap
HDV is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. HDV and XLY show limited overlap, with an estimated weighted overlap of 6.87%. They share 5 holdings in the loaded dataset, led by HD, SBUX, and DRI.
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Quick Answer
HDV is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. HDV and XLY show limited overlap, with an estimated weighted overlap of 6.87%. They share 5 holdings in the loaded dataset, led by HD, SBUX, and DRI.
- 6.87% weighted overlap across 5 shared holdings.
- The top three shared holdings explain 93.61% of the measured overlap.
- HDV is the broader fund, while XLY is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- HDV holdings
- Mar 12, 2026
- XLY holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
HDV is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. HDV 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, SBUX, and DRI.
How They Differ
HDV is a dividend-focused equity ETF from IShares, while XLY is a consumer discretionary ETF from SPDR. HDV is the broader fund, while XLY is the more targeted sleeve. HDV and XLY 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 93.61% 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, XLY is the narrower expression. HDV and XLY are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 93.61% 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 XLY.
| Holding | Name | HDV Wt. | XLY Wt. | Overlap |
|---|---|---|---|---|
| HD | HOME DEPOT INC | 4.44% | 6.10% | 4.44% |
| SBUX | STARBUCKS CORP | 1.62% | 2.75% | 1.62% |
| DRI | DARDEN RESTAURANTS INC | 0.38% | 0.57% | 0.38% |
| GPC | GENUINE PARTS | 0.23% | 0.36% | 0.23% |
| HAS | HASBRO INC | 0.20% | 0.30% | 0.20% |
Why These ETFs Overlap
HDV 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, SBUX, and DRI, which appear in both portfolios and push the overlap score higher.
Holding both HDV 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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Frequently Asked Questions About HDV and XLY
What is the overlap between HDV and XLY?+
How many holdings do HDV and XLY share?+
Is the HDV and XLY overlap high?+
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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.