PSI vs XSD overlap - what they share and where they differ

PSI and XSD share 39.3% of their weight across 17 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.

PSI and XSD

39.3%

17 shared positions

PSI

Invesco Semiconductors ETF

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

Top 10: 48.6%·Holdings of PSI

XSD

State Street(R) SPDR(R) S&P(R) Semiconductor ETF

Reported positions cover 100% of the fund, 47 positions · Jun 30, 2026

Top 10: 29.0%·Holdings of XSD

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

XSD vs PSI side by side

PSIInvesco Semiconductors ETF

30

stock positions reported to the SEC

38.6% of its weight is in 13 names XSD does not hold

XSDState Street(R) SPDR(R) S&P(R) Semiconductor ETF

47

stock positions reported to the SEC

60.7% of its weight is in 30 names PSI does not hold

Where each fund's weight sits

PSI
XSD
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Technology
95.3%
96.6%
Healthcare
4.5%
0.0%

The widest gap is Healthcare: PSI has 4.5 points more of it.

The figures side by side

PSIXSD
Filing dateApr 30, 2026Jun 30, 2026
Stock positions reported3047
Weight of the ten largest48.6%29.0%
Largest positionMXL 8.0%MXL 3.8%
Held alone13 positions, 38.6%30 positions, 60.7%
Covered by stock positions100%100%

Holdings they share

StockIn PSIIn XSDCounted
MXLMaxLinear, Inc.7.98%3.75%3.75%
MUMicron Technology, Inc.4.67%2.73%2.73%
AMDAdvanced Micro Devices, Inc.6.26%2.71%2.71%
LSCCLattice Semiconductor Corp.2.56%2.44%2.44%
SITMSiTime Corp.2.86%2.36%2.36%
DIODDiodes Inc.3.18%2.30%2.30%
MTSIMACOM Technology Solutions Holdings, Inc.2.34%2.25%2.25%
TXNTexas Instruments Inc.4.97%2.22%2.22%
SMTCSemtech Corp.2.40%2.20%2.20%
MCHPMicrochip Technology Inc.2.52%2.19%2.19%

What each holds alone

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

Only in PSI

KLACKLA Corp.4.39%
LRCXLam Research Corp.3.99%
AMATApplied Materials, Inc.3.94%
TSEMTower Semiconductor Ltd.3.61%
AMKRAmkor Technology, Inc.2.96%
FORMFormFactor, Inc.2.78%
PLABPhotronics, Inc.2.68%
LASRnLight, Inc.2.50%
KLICKulicke and Soffa Industries, Inc.2.47%
CAMTCamtek Ltd.2.41%

Only in XSD

ALGMAllegro MicroSystems Inc3.29%
ALABAstera Labs Inc3.08%
AMBAAmbarella Inc2.89%
INTCIntel Corp2.75%
PENGPenguin Solutions Inc2.74%
TET1 Energy Inc2.59%
MRVLMarvell Technology Inc2.49%
PIImpinj Inc2.45%
CRDOCredo Technology Group Holding Ltd2.41%
POWIPower Integrations Inc2.37%

Questions people ask

Is PSI the same as XSD?

39.3% of their weight sits in the same 17 holdings. PSI also reports KLAC, LRCX, AMAT, which the other does not. XSD also reports ALGM, ALAB, AMBA, which the other does not.

How is the overlap between PSI and XSD 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 PSI and 100% of XSD, so the number cannot exceed the smaller coverage.

Which holds more, XSD or PSI?

PSI reports 30 stock positions and XSD reports 47. 38.6% of PSI's weight sits in names XSD does not hold, and 60.7% of XSD's weight in names PSI does not hold. The ten largest positions are 48.6% of PSI and 29.0% of XSD.

How do PSI and XSD differ by sector?

The widest gap is Healthcare: PSI has 4.5 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.

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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.