SPHB vs XLK overlap - what they share and where they differ
SPHB and XLK share 29.3% of their weight across 40 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.
SPHB and XLK
29.3%
40 shared positions
SPHB
Invesco S&P 500 High Beta ETF
Reported positions cover 102% of the fund, 100 positions · May 31, 2026
Top 10: 17.4%·Holdings of SPHB
XLK
State Street(R) Technology Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 74 positions · Jun 30, 2026
Top 10: 64.5%·Holdings of XLK
Reported positions cover SPHB 102%, XLK 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLK vs SPHB side by side
SPHBInvesco S&P 500 High Beta ETF
100
stock positions reported to the SEC
54.3% of its weight is in 60 names XLK does not hold
XLKState Street(R) Technology Select Sector SPDR(R) ETF
74
stock positions reported to the SEC
36.9% of its weight is in 34 names SPHB does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: XLK has 44.5 points more of it.
The figures side by side
| SPHB | XLK | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 100 | 74 |
| Weight of the ten largest | 17.4% | 64.5% |
| Largest position | SNDK 2.2% | NVDA 14.7% |
| Held alone | 60 positions, 54.3% | 34 positions, 36.9% |
| Covered by stock positions | 102% | 100% |
Holdings they share
| Stock | In SPHB | In XLK | Counted |
|---|---|---|---|
| MUMicron Technology, Inc. | 1.92% | 5.42% | 1.92% |
| SNDKSandisk Corp. | 2.20% | 1.88% | 1.88% |
| AMDAdvanced Micro Devices, Inc. | 1.50% | 5.28% | 1.50% |
| LRCXLam Research Corp. | 1.45% | 3.02% | 1.45% |
| KLACKLA Corp. | 1.23% | 2.20% | 1.23% |
| WDCWestern Digital Corp. | 1.33% | 1.23% | 1.23% |
| STXSeagate Technology Holdings PLC | 1.20% | 1.21% | 1.20% |
| AMATApplied Materials, Inc. | 1.19% | 3.20% | 1.19% |
| PLTRPalantir Technologies Inc. | 1.19% | 1.49% | 1.19% |
| INTCIntel Corp. | 1.14% | 3.68% | 1.14% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SPHB
Only in XLK
Questions people ask
Is SPHB the same as XLK?
29.3% of their weight sits in the same 40 holdings. SPHB also reports HOOD, COIN, UAL, which the other does not. XLK also reports AAPL, MSFT, CSCO, which the other does not.
How is the overlap between SPHB and XLK measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 102% of SPHB and 100% of XLK, so the number cannot exceed the smaller coverage.
Which holds more, XLK or SPHB?
SPHB reports 100 stock positions and XLK reports 74. 54.3% of SPHB's weight sits in names XLK does not hold, and 36.9% of XLK's weight in names SPHB does not hold. The ten largest positions are 17.4% of SPHB and 64.5% of XLK.
How do SPHB and XLK differ by sector?
The widest gap is Technology: XLK has 44.5 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.
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.