ETF comparison

IYG vs XLF

Both Financials.

iShares U.S. Financial Services ETF · State Street Financial Select Sector SPDR ETF

Holdings overlap

Weighted by ISIN/CUSIP
83.6 %

46 positions appear in both funds. Buying equal dollars of IYG and XLF would leave roughly 83.6% of each dollar exposed to the same underlying securities.

IYG only 16.2% Shared 83.6% XLF only 16.2%
In IYG only
54 positions
Shared
46 positions
In XLF only
31 positions

Side by side

IYG

iShares U.S. Financial Services ETF

iShares · Financials

63 composite / 100
Expense ratio
0.38%
Net assets
$1.97B
TTM yield
1.03%
Top-10 conc.
62.2%
XLF

State Street Financial Select Sector SPDR ETF

State Street · Financials

83 composite / 100
Expense ratio
0.080%
Net assets
$51.35B
TTM yield
1.43%
Top-10 conc.
56.3%

Sub-score comparison

62
Cost
92
83
Tax efficiency
83
69
Liquidity
100
25
Concentration
34
Tracking quality
IYG sub-score XLF

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

XLF is 30 bps cheaper than IYG. On a $100,000 position that's about $300/yr more in fees for IYG.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with IYG vs XLF.

Top shared holdings

46 shared in total
# Holding In IYG In XLF Overlap
1 BERKSHIRE HATHAWAY INC. 12.90% 12.46% 12.46%
2 JPMORGAN CHASE & CO. 12.54% 11.24% 11.24%
3 VISA INC. 8.23% 7.20% 7.20%
4 MASTERCARD INCORPORATED 6.08% 5.77% 5.77%
5 BANK OF AMERICA CORPORATION 5.27% 4.59% 4.59%
6 THE GOLDMAN SACHS GROUP, INC. 4.11% 3.60% 3.60%
7 WELLS FARGO & COMPANY 3.78% 3.49% 3.49%
8 CITIGROUP INC. 3.32% 2.81% 2.81%
9 MORGAN STANLEY 3.40% 2.81% 2.81%
10 AMERICAN EXPRESS COMPANY 2.57% 2.30% 2.30%
11 THE CHARLES SCHWAB CORPORATION 2.27% 2.23% 2.23%
12 BLACKROCK, INC. 2.28% 1.97% 1.97%

Only in IYG

54 total
  • LPL FINANCIAL HOLDINGS INC. 0.40%
  • SOFI TECHNOLOGIES, INC. 0.30%
  • FIRST CITIZENS BANCSHARES, INC. 0.29%
  • EAST WEST BANCORP, INC. 0.26%
  • PINNACLE FINANCIAL PARTNERS, INC. 0.22%
  • ROCKET COMPANIES, INC. 0.21%
  • TRADEWEB MARKETS INC. 0.19%
  • THE CARLYLE GROUP INC. 0.19%
  • ALLY FINANCIAL INC. 0.19%
  • EVERCORE INC. 0.18%

Only in XLF

31 total
  • Chubb Ltd 1.68%
  • Progressive Corp/The 1.65%
  • Marsh & McLennan Cos Inc 1.19%
  • Aon PLC 0.98%
  • Travelers Cos Inc/The 0.89%
  • Arthur J Gallagher & Co 0.79%
  • Allstate Corp/The 0.76%
  • Aflac Inc 0.73%
  • PayPal Holdings Inc 0.59%
  • American International Group Inc 0.57%

Open IYG or XLF at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.