Do IGV and XSW hold the same stocks?

By their latest filings, 33% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, IGV or XSW?

IGV has 81% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.

Which is cheaper, IGV or XSW?

IGV charges 0.38% a year and XSW charges 0.35%, so XSW is cheaper. Fees come from each fund's prospectus.

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IGV vs XSW: which is really different?

IGV and XSW hold 33% of their weight in the same names, and XSW returned −1.6% over the year. iShares Expanded Tech-Software Sector ETF and State Street(R) SPDR(R) S&P(R) Software & Services ETF.

80.7%

IGV in the S&P 500

20.8%

XSW in the S&P 500

−7.4%

IGV total return, 1 year

−1.6%

XSW total return, 1 year

IGV · 1 year to Sep 30, 202619% of its weight is outside the S&P 500

81% of IGV's weight is in S&P 500 companies and 19% is outside the index

XSW · 1 year to Sep 30, 202679% of its weight is outside the S&P 500

21% of XSW's weight is in S&P 500 companies and 79% is outside the index

ETFIQ Off-Index Score · XSW scores higherHow much of it is not the index it is sold as an alternative to?

IGV 26.8

XSW 34.7

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, IGV and XSW hold 33% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 30, 2026.

50%

half

33% in common

Positions both hold, largest shared weight first

Holding IGV XSW

CROWDSTRIKE HOLDINGS CLASS A 8.87% 0.97%

DATADOG INC CLASS A 3.18% 0.93%

PALO ALTO NETWORKS 9.66% 0.90%

CADENCE DESIGN SYSTEMS 3.15% 0.89%

STRATEGY INC CLASS A 1.93% 0.88%

FORTINET 3.82% 0.87%

SYNOPSYS 2.88% 0.84%

PALANTIR TECHNOLOGIES CLASS A 8.99% 0.84%

MICROSOFT 8.50% 0.80%

WORKDAY CLASS A 1.33% 0.78%

SERVICENOW 4.41% 0.78%

AUTODESK 1.53% 0.77%

Only in IGV

APPLOVIN CLASS A 2.73%

DESCARTES SYSTEMS GROUP 0.24%

SNAP INC CLASS A 0.21%

OPEN TEXT 0.19%

BLACKBERRY 0.18%

BLK CSH FND TREASURY SL AGENCY 0.05%

LIGHTSPEED COMMERCE 0.04%

CASH COLLATERAL USD WFFUT 0.00%

Only in XSW

NETSKOPE INC CL A 0.92%

VIA TRANSPORTATION INC CL A 0.89%

SAILPOINT INC 0.88%

RAPID7 INC 0.88%

AMPLITUDE INC CLASS A 0.85%

ONESPAN INC 0.85%

F5 INC 0.84%

GARTNER INC 0.84%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

33% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	IGV	XSW	IGV	XSW	IGV	XSW
3 months	+14.1%	+10.1%	+11.6 pts	+7.5 pts	+12.0 pts	+7.9 pts
6 months	+33.5%	+36.3%	+16.5 pts	+19.3 pts	+6.6 pts	+9.4 pts
1 year	−7.4%	−1.6%	−23.1 pts	−17.3 pts	−31.2 pts	−25.4 pts
3 years	+56.0%	+53.6%	−28.9 pts	−31.4 pts	−53.9 pts	−56.4 pts
Since launch IGV Jan 2010 · XSW Sep 2011	+1052.2%	+766.5%	+247.5 pts	+12.4 pts	−685.4 pts	−696.5 pts

IGV and XSW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

IGV

iShares Expanded Tech-Software Sector ETF · Holds 111 stocks in cloud and software, 81% of its weight in S&P 500 companies

XSW

State Street(R) SPDR(R) S&P(R) Software & Services ETF · Holds 133 stocks in cloud and software, 21% of its weight in S&P 500 companies

Issuer iShares State Street

Theme Cloud and software Cloud and software

In the S&P 500 80.7% 20.8%

Active share vs the S&P 500 92.4% 95.5%

In the Nasdaq-100 65.7% 14.0%

Holdings 111 133

Top ten, share of the fund 61.7% 9.2%

Expense ratio 0.38% 0.35%

Fee for the differing part 0.41% 0.37%

Total return, 1 year −7.4% −1.6%

vs the S&P 500 −23.1 pts −17.3 pts

vs the Nasdaq-100 −31.2 pts −25.4 pts

Below its high −9.6% −7.5%

Net assets $13.9bn $473m

IGV and XSW on the same fields, as of Sep 30, 2026. Source: ETFIQ.

IGV in plain words

By weight, 81% of IGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 62% of the fund across 111 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −7.4% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 23.1 pts. It sits 9.6% below its all-time high of Sep 22, 2025.

XSW in plain words

By weight, 21% of XSW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 9% of the fund across 133 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned −1.6% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 17.3 pts. It sits 7.5% below its all-time high of Aug 27, 2026.

Questions people ask

Do IGV and XSW hold the same stocks?: By their latest filings, 33% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, IGV or XSW?: IGV has 81% of its weight in S&P 500 names and XSW has 21%, so XSW differs more from the index.
Which is cheaper, IGV or XSW?: IGV charges 0.38% a year and XSW charges 0.35%, so XSW is cheaper. Fees come from each fund's prospectus.

Other comparisons

IGV vs CIBR IGV vs CLOD IGV vs CLOU IGV vs COPX XSW vs CLOD XSW vs CLOU XSW vs SKYY XSW vs WCLD

IGV on its own →XSW on its own →How every figure is computed →Standards and sources →

Where these figures came from

IGV filings on SEC EDGAR ↗IGV prospectus with the expense ratio (SEC) ↗iShares page for IGV ↗XSW filings on SEC EDGAR ↗XSW prospectus with the expense ratio (SEC) ↗State Street website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, IGV against XSW, data as of Sep 30, 2026. https://etfiq.com/compare/themes/igv-vs-xsw

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.