VTI vs XLF Overlap
VTI is a total-market U.S. equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTI and XLF show limited overlap, with an estimated weighted overlap of 11.2%. They share 76 holdings in the loaded dataset, led by BRK-B, JPM, and V.
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Quick Answer
VTI is a total-market U.S. equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTI and XLF show limited overlap, with an estimated weighted overlap of 11.2%. They share 76 holdings in the loaded dataset, led by BRK-B, JPM, and V.
- 11.2% weighted overlap across 76 shared holdings.
- The top three shared holdings explain 29.36% of the measured overlap.
- VTI 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
- VTI holdings
- Mar 12, 2026
- XLF 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
VTI is a total-market U.S. equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTI 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 BRK-B, JPM, and V.
How They Differ
VTI is a total-market U.S. equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTI is the broader fund, while XLF is the more targeted sleeve. VTI 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 29.36% 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, VTI is usually the wider choice. If you want the more focused tilt, XLF is the narrower expression. VTI has the lower expense ratio, while XLF charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 29.36% 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 VTI and XLF.
| Holding | Name | VTI Wt. | XLF Wt. | Overlap |
|---|---|---|---|---|
| BRK-B | Berkshire Hathaway Inc | 1.29% | 12.67% | 1.29% |
| JPM | JPMorgan Chase & Co | 1.19% | 10.99% | 1.19% |
| V | Visa Inc | 0.80% | 7.42% | 0.80% |
| MA | Mastercard Inc | 0.65% | 5.90% | 0.65% |
| BAC | Bank of America Corp | 0.51% | 4.56% | 0.51% |
| WFC | Wells Fargo & Co | 0.43% | 3.44% | 0.43% |
| GS | Goldman Sachs Group Inc/The | 0.41% | 3.50% | 0.41% |
| MS | Morgan Stanley | 0.33% | 2.71% | 0.33% |
| C | Citigroup Inc | 0.30% | 2.73% | 0.30% |
| SCHW | Charles Schwab Corp/The | 0.26% | 2.17% | 0.26% |
Why These ETFs Overlap
VTI is a total-market U.S. 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 BRK-B, JPM, and V, which appear in both portfolios and push the overlap score higher.
Holding both VTI 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 VTI and XLF
What is the overlap between VTI and XLF?+
How many holdings do VTI and XLF share?+
Is the VTI and XLF overlap high?+
Why do VTI and XLF overlap?+
Which ETF is broader, VTI 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.