XLV vs SMH overlap
XLV and SMH overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
These funds hold nothing in common.
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: XLV, SEC Form N-PORT, June 30, 2026; SMH, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | XLV | SMH |
|---|---|---|
| Bank of America Corp. | $5.1B | $6.3B |
| Morgan Stanley | $1.9B | $2.7B |
| Goldman Sachs Group Inc. | $1.2B | $2.6B |
| JPMorgan Chase & Co | $2.1B | $819.8M |
| LPL Financial LLC | $930.2M | $1.9B |
| Wells Fargo & Company | $1.1B | $643.1M |
| UBS Group AG | $815.2M | $849.0M |
| Barclays PLC | $428.0M | $892.5M |
| Raymond James Financial Inc. | $789.2M | $416.2M |
| BNP Paribas Financial Markets | $101.6M | $1.1B |
| Envestnet Asset Management Inc. | $673.0M | $484.7M |
| Susquehanna International Group, LLP | $21.7M | $1.0B |
| Royal Bank of Canada | $495.3M | $554.1M |
| Focus Partners Wealth | $478.6M | $386.1M |
| Migdal Insurance & Financial Holdings Ltd. | $164.0M | $651.1M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: XLV institutional holders, SMH institutional holders.
Frequently asked questions
How much do XLV and SMH overlap?
0.0% by weight, with 0 holdings in common, using holdings for XLV as of June 30, 2026 and SMH as of June 30, 2026.
Do institutions hold both XLV and SMH?
934 Form 13F filers report positions in both, out of 2,476 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.