SHLD vs XAR overlap - what they share and where they differ
SHLD and XAR share 25.1% of their weight across 15 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.
SHLD and XAR
25.1%
15 shared positions
SHLD
Global X Defense Tech ETF
Reported positions cover 100% of the fund, 48 positions · May 31, 2026
Top 10: 59.3%·Holdings of SHLD
XAR
State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF
Reported positions cover 100% of the fund, 47 positions · Jun 30, 2026
Top 10: 30.4%·Holdings of XAR
Reported positions cover SHLD 100%, XAR 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XAR vs SHLD side by side
SHLDGlobal X Defense Tech ETF
48
stock positions reported to the SEC
54.2% of its weight is in 33 names XAR does not hold
XARState Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF
47
stock positions reported to the SEC
67.1% of its weight is in 32 names SHLD does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Industrials: XAR has 22.7 points more of it.
The figures side by side
| SHLD | XAR | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 48 | 47 |
| Weight of the ten largest | 59.3% | 30.4% |
| Largest position | LMT 8.4% | VSEC 3.4% |
| Held alone | 33 positions, 54.2% | 32 positions, 67.1% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In SHLD | In XAR | Counted |
|---|---|---|---|
| RTXRTX CORPORATION | 7.76% | 2.75% | 2.75% |
| BWXTBWX TECHNOLOGIES, INC. | 3.05% | 2.74% | 2.74% |
| GDGENERAL DYNAMICS CORPORATION | 7.67% | 2.67% | 2.67% |
| LMTLOCKHEED MARTIN CORPORATION | 8.42% | 2.50% | 2.50% |
| LHXL3HARRIS TECHNOLOGIES, INC. | 4.69% | 2.47% | 2.47% |
| NOCNorthrop Grumman Corporation | 4.23% | 2.42% | 2.42% |
| HIIHUNTINGTON INGALLS INDUSTRIES, INC. | 2.04% | 2.49% | 2.04% |
| KTOSKRATOS DEFENSE & SECURITY SOLUTIONS, INC. | 1.81% | 2.34% | 1.81% |
| MOG.AMOOG INC. | 1.70% | 2.86% | 1.70% |
| AVAVAEROVIRONMENT, INC. | 1.32% | 2.46% | 1.32% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SHLD
Only in XAR
Questions people ask
Is SHLD the same as XAR?
25.1% of their weight sits in the same 15 holdings. SHLD also reports PLTR, RH, BAE SYSTEMS PLC, which the other does not. XAR also reports VSEC, AXON, SARO, which the other does not.
How is the overlap between SHLD and XAR 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 SHLD and 100% of XAR, so the number cannot exceed the smaller coverage.
Which holds more, XAR or SHLD?
SHLD reports 48 stock positions and XAR reports 47. 54.2% of SHLD's weight sits in names XAR does not hold, and 67.1% of XAR's weight in names SHLD does not hold. The ten largest positions are 59.3% of SHLD and 30.4% of XAR.
How do SHLD and XAR differ by sector?
The widest gap is Industrials: XAR has 22.7 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.
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.