SPTM vs XLP Overlap
Both funds come from SPDR. SPTM is an equity ETF, while XLP is a consumer staples ETF. SPTM and XLP show limited overlap, with an estimated weighted overlap of 4.87%. They share 36 holdings in the loaded dataset, led by WMT, COST, and PG.
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Quick Answer
Both funds come from SPDR. SPTM is an equity ETF, while XLP is a consumer staples ETF. SPTM and XLP show limited overlap, with an estimated weighted overlap of 4.87%. They share 36 holdings in the loaded dataset, led by WMT, COST, and PG.
- 4.87% weighted overlap across 36 shared holdings.
- The top three shared holdings explain 44.27% of the measured overlap.
- SPTM 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
- SPTM 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.
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About These ETFs
What Stands Out In This Comparison
What This Means
Both funds come from SPDR. SPTM is an equity ETF, while XLP is a consumer staples ETF. SPTM 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 WMT, COST, and PG.
How They Differ
Both funds come from SPDR. SPTM is an equity ETF, while XLP is a consumer staples ETF. SPTM is the broader fund, while XLP is the more targeted sleeve. SPTM has the lower expense ratio, while XLP 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 44.27% 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, SPTM is usually the wider choice. If you want the more focused tilt, XLP is the narrower expression. SPTM has the lower expense ratio, while XLP charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 44.27% 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 SPTM and XLP.
| Holding | Name | SPTM Wt. | XLP Wt. | Overlap |
|---|---|---|---|---|
| WMT | WALMART INC | 0.87% | 11.70% | 0.87% |
| COST | COSTCO WHOLESALE CORP | 0.70% | 9.43% | 0.70% |
| PG | PROCTER + GAMBLE CO/THE | 0.58% | 7.77% | 0.58% |
| KO | COCA COLA CO/THE | 0.48% | 6.43% | 0.48% |
| PM | PHILIP MORRIS INTERNATIONAL | 0.43% | 5.74% | 0.43% |
| PEP | PEPSICO INC | 0.35% | 4.69% | 0.35% |
| MO | ALTRIA GROUP INC | 0.18% | 4.68% | 0.18% |
| CL | COLGATE PALMOLIVE CO | 0.12% | 4.68% | 0.12% |
| MDLZ | MONDELEZ INTERNATIONAL INC A | 0.12% | 4.30% | 0.12% |
| TGT | TARGET CORP | 0.09% | 3.44% | 0.09% |
Why These ETFs Overlap
Both funds come from SPDR. SPTM is an equity ETF, while XLP is a consumer staples ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are WMT, COST, and PG, which appear in both portfolios and push the overlap score higher.
Holding both SPTM 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.
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Frequently Asked Questions About SPTM and XLP
What is the overlap between SPTM and XLP?+
How many holdings do SPTM and XLP share?+
Is the SPTM and XLP overlap high?+
Why do SPTM and XLP overlap?+
Which ETF is broader, SPTM 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.