RSP vs XLP Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, while XLP is a consumer staples ETF from SPDR. RSP and XLP show limited overlap, with an estimated weighted overlap of 7.47%. They share 36 holdings in the loaded dataset, led by BG, TGT, and CHD.
Served from cache.
Quick Answer
RSP is an equal-weight U.S. equity ETF from Invesco, while XLP is a consumer staples ETF from SPDR. RSP and XLP show limited overlap, with an estimated weighted overlap of 7.47%. They share 36 holdings in the loaded dataset, led by BG, TGT, and CHD.
- 7.47% weighted overlap across 36 shared holdings.
- The top three shared holdings explain 9.95% of the measured overlap.
- RSP 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 can still add materially different exposure.
Data Freshness
- RSP holdings
- Mar 12, 2026
- XLP holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 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
RSP is an equal-weight U.S. equity ETF from Invesco, while XLP is a consumer staples ETF from SPDR. RSP 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 BG, TGT, and CHD.
How They Differ
RSP is an equal-weight U.S. equity ETF from Invesco, while XLP is a consumer staples ETF from SPDR. RSP is the broader fund, while XLP is the more targeted sleeve. XLP 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 9.95% 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, XLP is the narrower expression. XLP has the lower expense ratio, while RSP charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 9.95% 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 XLP.
| Holding | Name | RSP Wt. | XLP Wt. | Overlap |
|---|---|---|---|---|
| BG | Bunge Global SA | 0.26% | 1.02% | 0.26% |
| TGT | Target Corp | 0.25% | 3.44% | 0.25% |
| CHD | Church & Dwight Co Inc | 0.24% | 1.52% | 0.24% |
| HSY | Hershey Co/The | 0.24% | 2.04% | 0.24% |
| ADM | Archer-Daniels-Midland Co | 0.23% | 2.09% | 0.23% |
| CL | Colgate-Palmolive Co | 0.23% | 4.68% | 0.23% |
| KR | Kroger Co/The | 0.23% | 2.76% | 0.23% |
| DG | Dollar General Corp | 0.23% | 2.02% | 0.23% |
| PM | Philip Morris International Inc | 0.23% | 5.74% | 0.23% |
| SYY | Sysco Corp | 0.22% | 2.53% | 0.22% |
Why These ETFs Overlap
RSP is an equal-weight U.S. equity ETF from Invesco, 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 BG, TGT, and CHD, which appear in both portfolios and push the overlap score higher.
Holding both RSP 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.
Related Comparisons
Frequently Asked Questions About RSP and XLP
What is the overlap between RSP and XLP?+
How many holdings do RSP and XLP share?+
Is the RSP and XLP overlap high?+
Why do RSP and XLP overlap?+
Which ETF is broader, RSP 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.