RSP vs XLB Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, while XLB is an equity ETF from SPDR. RSP and XLB show limited overlap, with an estimated weighted overlap of 4.94%. They share 22 holdings in the loaded dataset, led by LYB, CF, and DOW.
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Quick Answer
RSP is an equal-weight U.S. equity ETF from Invesco, while XLB is an equity ETF from SPDR. RSP and XLB show limited overlap, with an estimated weighted overlap of 4.94%. They share 22 holdings in the loaded dataset, led by LYB, CF, and DOW.
- 4.94% weighted overlap across 22 shared holdings.
- The top three shared holdings explain 16.92% of the measured overlap.
- RSP is the broader fund, while XLB 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
- RSP holdings
- Mar 12, 2026
- XLB holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 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
RSP is an equal-weight U.S. equity ETF from Invesco, while XLB is an equity ETF from SPDR. RSP and XLB 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 LYB, CF, and DOW.
How They Differ
RSP is an equal-weight U.S. equity ETF from Invesco, while XLB is an equity ETF from SPDR. RSP is the broader fund, while XLB is the more targeted sleeve. XLB has the lower expense ratio, while RSP charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 16.92% 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, RSP is usually the wider choice. If you want the more focused tilt, XLB is the narrower expression. XLB has the lower expense ratio, while RSP charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 16.92% 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 RSP and XLB.
| Holding | Name | RSP Wt. | XLB Wt. | Overlap |
|---|---|---|---|---|
| LYB | LyondellBasell Industries NV | 0.28% | 2.19% | 0.28% |
| CF | CF Industries Holdings Inc | 0.28% | 2.23% | 0.28% |
| DOW | Dow Inc | 0.27% | 3.13% | 0.27% |
| FCX | Freeport-McMoRan Inc | 0.26% | 5.68% | 0.26% |
| NEM | Newmont Corp | 0.25% | 8.22% | 0.25% |
| ALB | Albemarle Corp | 0.24% | 2.55% | 0.24% |
| LIN | Linde PLC | 0.24% | 14.09% | 0.24% |
| CTVA | Corteva Inc | 0.23% | 4.68% | 0.23% |
| APD | Air Products and Chemicals Inc | 0.23% | 4.64% | 0.23% |
| DD | DuPont de Nemours Inc | 0.22% | 2.50% | 0.22% |
Why These ETFs Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, while XLB is an equity ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are LYB, CF, and DOW, which appear in both portfolios and push the overlap score higher.
Holding both RSP and XLB 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 RSP and XLB
What is the overlap between RSP and XLB?+
How many holdings do RSP and XLB share?+
Is the RSP and XLB overlap high?+
Why do RSP and XLB overlap?+
Which ETF is broader, RSP or XLB?+
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.