Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
XLF vs XLG: how they differ
XLF and XLG hold 10% of their weight in the same names, and XLG returned more over the year.
State Street(R) Financial Select Sector SPDR(R) ETF and Invesco S&P 500 Top 50 ETF.
What they hold in common
By the books each fund has filed, XLF and XLG hold 10% of their money in the same securities at the same weight.
| Holding | XLF | XLG |
|---|---|---|
| JPMORGAN CHASE + CO | 11.81% | 2.29% |
| BERKSHIRE HATHAWAY INC CL B | 11.59% | 2.25% |
| VISA INC CLASS A SHARES | 7.60% | 1.47% |
| MASTERCARD INC A | 5.69% | 1.10% |
| BANK OF AMERICA CORP | 5.09% | 0.99% |
| GOLDMAN SACHS GROUP INC | 3.75% | 0.72% |
| WELLS FARGO + CO | 3.41% | 0.66% |
| MORGAN STANLEY | 3.18% | 0.61% |
| Only in XLF | Only in XLG |
|---|---|
| CITIGROUP INC 2.94% | NVIDIA Corp 12.79% |
| SCHWAB (CHARLES) CORP 2.19% | Apple Inc 11.58% |
| AMERICAN EXPRESS CO 2.13% | Microsoft Corp 8.83% |
| BLACKROCK INC 1.91% | Amazon.com Inc 5.95% |
| CAPITAL ONE FINANCIAL CORP 1.61% | Alphabet Inc 4.71% |
| PROGRESSIVE CORP 1.57% | Broadcom Inc 4.12% |
| S+P GLOBAL INC 1.55% | Alphabet Inc 3.77% |
| CHUBB LTD 1.52% | Meta Platforms Inc 3.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.
| XLF State Street(R) Financial Select Sector SPDR(R) ETF | XLG Invesco S&P 500 Top 50 ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | Invesco |
| What it is | Financials | S&P 500 top 50 |
| Total return, 1 year | +7.6% | +12.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −9.9 pts | −5.3 pts |
| Expense ratio | 0.08% | 0.20% |
| Already in the S&P 500 | 100.0% | 100.0% |
| Holdings | 79 | 52 |
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 57.3%.
XLG in plain words
XLG is an index equity fund tracking the S&P 500 top 50. Over the year to Sep 11, 2026 it returned +12.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 60.3%.
Questions people ask
- Which returned more over the last year, XLF or XLG?
- In the year to Sep 13, 2026, with distributions reinvested, XLF returned +7.6% and XLG returned +12.2%, so XLG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, XLF or XLG?
- XLF charges 0.08% a year and XLG charges 0.20%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do XLF and XLG overlap with the S&P 500?
- By their latest filed holdings, 100% of XLF and 100% of XLG by weight is stocks the S&P 500 already holds. Between the two funds, 10% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, XLF against XLG, data as of Sep 13, 2026. https://etfiq.com/compare/any/xlf-vs-xlg Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources