IBB vs XLV overlap - what they share and where they differ

IBB and XLV share 11.1% of their weight across 9 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

IBB and XLV

11.1%

9 shared positions

IBB

iShares Biotechnology ETF

Reported positions cover 100% of the fund, 234 positions · Jun 30, 2026

Top 10: 44.8%·Holdings of IBB

XLV

State Street(R) Health Care Select Sector SPDR(R) ETF

Reported positions cover 100% of the fund, 59 positions · Jun 30, 2026

Top 10: 61.6%·Holdings of XLV

Reported positions cover IBB 100%, XLV 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

XLV vs IBB side by side

IBBiShares Biotechnology ETF

234

stock positions reported to the SEC

64.3% of its weight is in 225 names XLV does not hold

XLVState Street(R) Health Care Select Sector SPDR(R) ETF

59

stock positions reported to the SEC

88.6% of its weight is in 50 names IBB does not hold

Where each fund's weight sits

IBB
XLV
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Healthcare
98.0%
92.3%
Consumer Cyclical
0.0%
3.7%
Consumer Defensive
0.0%
2.3%
Basic Materials
0.6%
0.7%
Technology
0.5%
0.5%

The widest gap is Healthcare: IBB has 5.7 points more of it.

The figures side by side

IBBXLV
Filing dateJun 30, 2026Jun 30, 2026
Stock positions reported23459
Weight of the ten largest44.8%61.6%
Largest positionVRTX 8.1%LLY 16.5%
Held alone225 positions, 64.3%50 positions, 88.6%
Covered by stock positions100%100%

Holdings they share

StockIn IBBIn XLVCounted
AMGNAmgen, Inc.7.83%3.40%3.40%
GILDGilead Sciences, Inc.6.84%2.73%2.73%
VRTXVertex Pharmaceuticals, Inc.8.08%2.19%2.19%
REGNRegeneron Pharmaceuticals, Inc.4.91%1.08%1.08%
BIIBBiogen, Inc.2.47%0.56%0.56%
MRNAModerna, Inc.1.98%0.43%0.43%
INCYIncyte Corp.1.75%0.33%0.33%
CRLCharles River Laboratories International, Inc.0.84%0.19%0.19%
TECHBio-Techne Corp.0.86%0.19%0.19%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in IBB

ARGXArgenx SE3.76%
ALNYAlnylam Pharmaceuticals, Inc.3.12%
NTRANatera, Inc.2.89%
RVMDRevolution Medicines, Inc.2.78%
ILMNIllumina, Inc.2.07%
INSMInsmed, Inc.1.78%
ONCBeOne Medicines Ltd.1.77%
UTHRUnited Therapeutics Corp.1.73%
ROIVRoivant Sciences Ltd.1.43%
NBIXNeurocrine Biosciences, Inc.1.30%

Only in XLV

LLYEli Lilly & Co16.51%
JNJJohnson & Johnson10.64%
ABBVAbbVie Inc7.74%
UNHUnitedHealth Group Inc6.57%
MRKMerck & Co Inc5.52%
TMOThermo Fisher Scientific Inc3.24%
ABTAbbott Laboratories2.75%
ISRGIntuitive Surgical Inc2.45%
PFEPfizer Inc2.39%
CVSCVS Health Corp2.30%

Questions people ask

Is IBB the same as XLV?

11.1% of their weight sits in the same 9 holdings. IBB also reports ARGX, ALNY, NTRA, which the other does not. XLV also reports LLY, JNJ, ABBV, which the other does not.

How is the overlap between IBB and XLV measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of IBB and 100% of XLV, so the number cannot exceed the smaller coverage.

Which holds more, XLV or IBB?

IBB reports 234 stock positions and XLV reports 59. 64.3% of IBB's weight sits in names XLV does not hold, and 88.6% of XLV's weight in names IBB does not hold. The ten largest positions are 44.8% of IBB and 61.6% of XLV.

How do IBB and XLV differ by sector?

The widest gap is Healthcare: IBB has 5.7 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Other pairs with these funds

XLV against other funds in the table

Add a third fund in the tool·All fund pairs

Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.