VTV is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTV and XLF show meaningful overlap, with an estimated weighted overlap of 20.81%. They share 55 holdings in the loaded dataset, led by BRK.B, JPM, and BAC.
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VTV is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTV and XLF show meaningful overlap, with an estimated weighted overlap of 20.81%. They share 55 holdings in the loaded dataset, led by BRK.B, JPM, and BAC.
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VTV is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTV and XLF overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as BRK.B, JPM, and BAC, which explains why the score lands at 20.81%.
VTV is a U.S. value equity ETF from Vanguard, while XLF is a financial sector ETF from SPDR. VTV is the broader fund, while XLF is the more targeted sleeve. VTV has the lower expense ratio, while XLF charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 35.17% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, VTV is usually the wider choice. If you want the more focused tilt, XLF is the narrower expression. VTV has the lower expense ratio, while XLF charges more for its exposure.
Concentration
The top three shared holdings explain 35.17% 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.
These are the holdings contributing the most to the overlap score between VTV and XLF.
| Holding | Name | VTV Wt. | XLF Wt. | Overlap |
|---|---|---|---|---|
| BRK.B | Berkshire Hathaway Inc | 3.06% | 12.46% | 3.06% |
| JPM | JPMorgan Chase & Co | 3.03% | 11.24% | 3.03% |
| BAC | Bank of America Corp | 1.23% | 4.59% | 1.23% |
| WFC | Wells Fargo & Co | 1.01% | 3.49% | 1.01% |
| GS | Goldman Sachs Group Inc/The | 0.98% | 3.60% | 0.98% |
| MS | Morgan Stanley | 0.80% | 2.81% | 0.80% |
| C | Citigroup Inc | 0.76% | 2.81% | 0.76% |
| SCHW | Charles Schwab Corp/The | 0.64% | 2.23% | 0.64% |
| AXP | American Express Co | 0.60% | 2.30% | 0.60% |
| BLK | BlackRock Funding Inc/DE | 0.55% | 1.97% | 0.55% |
VTV 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 BRK.B, JPM, and BAC, which appear in both portfolios and push the overlap score higher.
Holding both VTV and XLF can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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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.