Guardfolio Research · ETF Overlap
XLK vs VTV Overlap: 10.8% of Weight in Shared Holdings
XLK (Technology Select Sector SPDR) and VTV (Vanguard Value) overlap by 10.8% of normalized weight through 23 shared securities, led by MU, CSCO, INTC, ADI, QCOM. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
XLK and VTV have moderate overlap: about 10.8% of normalized fund weight across 23 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure..
The Data
Exactly which securities XLK and VTV share
The table below shows the largest contributors to overlap across the licensed full holdings, with each fund's normalized weight and the lesser weight that counts toward overlap.
| Data basis | Licensed full holdings |
|---|---|
| Fund dates | XLK 2026-08-24; VTV 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | XLK weight | VTV weight | Shared (min) |
|---|---|---|---|
| MICRON TECHNOLOGY INC (MU) | 4.11% | 3.46% | 3.46% |
| CISCO SYSTEMS INC (CSCO) | 2.93% | 1.53% | 1.53% |
| INTEL CORP (INTC) | 2.97% | 0.68% | 0.68% |
| ANALOG DEVICES INC (ADI) | 1.22% | 0.67% | 0.67% |
| QUALCOMM INC (QCOM) | 1.13% | 0.58% | 0.58% |
| SALESFORCE INC (CRM) | 1.14% | 0.53% | 0.53% |
| TEXAS INSTRUMENTS INC (TXN) | 1.61% | 0.47% | 0.47% |
| DELL TECHNOLOGIES C (DELL) | 0.85% | 0.44% | 0.44% |
| ACCENTURE PLC CL A (ACN) | 0.76% | 0.38% | 0.38% |
| HEWLETT PACKARD ENTERPRISE (HPE) | 0.47% | 0.24% | 0.24% |
| TE CONNECTIVITY PLC (TEL) | 0.40% | 0.22% | 0.22% |
| KEYSIGHT TECHNOLOGIES IN (KEYS) | 0.36% | 0.20% | 0.20% |
| CORNING INC (GLW) | 0.78% | 0.20% | 0.20% |
| ADOBE INC (ADBE) | 0.74% | 0.19% | 0.19% |
| INTUIT INC (INTU) | 0.68% | 0.16% | 0.16% |
| MICROCHIP TECHNOLOGY INC (MCHP) | 0.27% | 0.15% | 0.15% |
| ROPER TECHNOLOGIES INC (ROP) | 0.28% | 0.15% | 0.15% |
| NETAPP INC (NTAP) | 0.25% | 0.13% | 0.13% |
| ON SEMICONDUCTOR (ON) | 0.19% | 0.12% | 0.12% |
| TELEDYNE TECHNOLOGIES INC (TDY) | 0.20% | 0.11% | 0.11% |
| Total full-holdings overlap | 21.9% | 10.8% | 10.8% |
Showing the 20 largest contributors of 23 shared securities. The total uses every shared security.
The 10.8% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. XLK is dated 2026-08-24 with 99.934% retained coverage; VTV is dated 2026-08-24 with 99.778% retained coverage.
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Sector Picture
XLK vs VTV: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (9.0% combined sector overlap).
| Sector | XLK | VTV |
|---|---|---|
| Technology | 100.0% | 9.1% |
| Financial Services | 0.0% | 21.7% |
| Healthcare | 0.0% | 14.5% |
| Industrials | 0.0% | 13.7% |
| Consumer Staples | 0.0% | 10.2% |
| Energy | 0.0% | 6.9% |
The Verdict
Should you hold both XLK and VTV?
XLK and VTV have moderate overlap: about 10.8% of normalized fund weight across 23 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
FAQ
XLK vs VTV overlap: common questions
How much do XLK and VTV overlap?
XLK (Technology Select Sector SPDR) and VTV (Vanguard Value) overlap by approximately 10.8% of normalized weight across their licensed full holdings. They share 23 securities; the largest contributors include MU, CSCO, INTC, ADI, QCOM, CRM, TXN, DELL. The separately dated sector reference shows 9.0% overlap.
What stocks do XLK and VTV both hold?
Both XLK and VTV hold MICRON TECHNOLOGY INC (MU), CISCO SYSTEMS INC (CSCO), INTEL CORP (INTC), ANALOG DEVICES INC (ADI), QUALCOMM INC (QCOM), SALESFORCE INC (CRM), TEXAS INSTRUMENTS INC (TXN), DELL TECHNOLOGIES C (DELL) among their top positions. These shared names account for the 10.8% weight overlap.
Is it worth holding both XLK and VTV?
XLK and VTV have moderate overlap: about 10.8% of normalized fund weight across 23 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
What is the difference between XLK and VTV?
XLK is a technology-sector fund (US Sector – Technology, 0.09% expense ratio) and VTV is a large-cap value fund (US Large-Cap Value, 0.04% expense ratio). The dataset includes 73 XLK holdings as of 2026-08-24 and 309 VTV holdings as of 2026-08-24.
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