VTV vs XLF Overlap
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 23.01%. They share 57 holdings in the loaded dataset, led by JPM, BRK-B, and BAC.
Served from cache.
Quick Answer
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 23.01%. They share 57 holdings in the loaded dataset, led by JPM, BRK-B, and BAC.
- 23.01% weighted overlap across 57 shared holdings.
- The top three shared holdings explain 33.3% of the measured overlap.
- VTV 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 may add less diversification than the fund names imply.
Data Freshness
- VTV 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.
Compare another pair
About These ETFs
What Stands Out In This Comparison
What This Means
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 JPM, BRK-B, and BAC, which explains why the score lands at 23.01%.
How They Differ
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.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 33.3% 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, 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.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 33.3% 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 VTV and XLF.
| Holding | Name | VTV Wt. | XLF Wt. | Overlap |
|---|---|---|---|---|
| JPM | JPMorgan Chase & Co | 3.25% | 10.99% | 3.25% |
| BRK-B | Berkshire Hathaway Inc | 3.04% | 12.67% | 3.04% |
| BAC | Bank of America Corp | 1.38% | 4.56% | 1.38% |
| WFC | Wells Fargo & Co | 1.15% | 3.44% | 1.15% |
| GS | Goldman Sachs Group Inc/The | 1.10% | 3.50% | 1.10% |
| MS | Morgan Stanley | 0.88% | 2.71% | 0.88% |
| C | Citigroup Inc | 0.81% | 2.73% | 0.81% |
| SCHW | Charles Schwab Corp/The | 0.71% | 2.17% | 0.71% |
| AXP | American Express Co | 0.69% | 2.28% | 0.69% |
| BLK | Blackrock Inc | 0.63% | 1.95% | 0.63% |
Why These ETFs Overlap
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 JPM, BRK-B, 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.
Related Comparisons
Frequently Asked Questions About VTV and XLF
What is the overlap between VTV and XLF?+
How many holdings do VTV and XLF share?+
Is the VTV and XLF overlap high?+
Why do VTV and XLF overlap?+
Which ETF is broader, VTV 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.