VBR vs XLF Overlap
VBR is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VBR and XLF show limited overlap, with an estimated weighted overlap of 0.76%. They share 5 holdings in the loaded dataset, led by EG, GL, and AIZ.
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Quick Answer
VBR is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VBR and XLF show limited overlap, with an estimated weighted overlap of 0.76%. They share 5 holdings in the loaded dataset, led by EG, GL, and AIZ.
- 0.76% weighted overlap across 5 shared holdings.
- The top three shared holdings explain 66.45% of the measured overlap.
- VBR is the broader fund, while XLF 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
- VBR holdings
- Mar 12, 2026
- XLF 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
VBR is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VBR and XLF 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 EG, GL, and AIZ.
How They Differ
VBR is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VBR is the broader fund, while XLF is the more targeted sleeve. VBR has the lower expense ratio, while XLF 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 66.45% 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, VBR is usually the wider choice. If you want the more focused tilt, XLF is the narrower expression. VBR has the lower expense ratio, while XLF charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 66.45% 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 VBR and XLF.
| Holding | Name | VBR Wt. | XLF Wt. | Overlap |
|---|---|---|---|---|
| EG | Everest Group Ltd | 0.32% | 0.19% | 0.19% |
| GL | Globe Life Inc | 0.26% | 0.16% | 0.16% |
| AIZ | Assurant Inc | 0.28% | 0.15% | 0.15% |
| IVZ | Invesco Ltd | 0.28% | 0.15% | 0.15% |
| BEN | Franklin Resources Inc | 0.19% | 0.11% | 0.11% |
Why These ETFs Overlap
VBR is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are EG, GL, and AIZ, which appear in both portfolios and push the overlap score higher.
Holding both VBR and XLF 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 VBR and XLF
What is the overlap between VBR and XLF?+
How many holdings do VBR and XLF share?+
Is the VBR and XLF overlap high?+
Why do VBR and XLF overlap?+
Which ETF is broader, VBR or XLF?+
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.