ANCFX vs XLY: 7% overlap
American Funds Fundamental Investors A and Consumer Discretionary Select Sector SPDR Fund share 6.9% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 4 months apart — ANCFX as of 2026-03-31, the rest through 2026-07-23. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ANCFX and XLY hold 15 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ANCFX | in XLY | Δ |
|---|---|---|---|
| AMZN | 2.8% | 23.5% | 20.7% |
| RCL | 1.0% | 1.9% | 0.9% |
| SBUX | 0.9% | 3.2% | 2.2% |
| CMG | 0.7% | 1.1% | 0.4% |
| DHI | 0.3% | 1.0% | 0.7% |
| CVNA | 0.3% | 1.2% | 0.8% |
| BKNG | 0.2% | 3.6% | 3.4% |
| NCLH | 0.2% | 0.2% | 0.0% |
| WYNN | 0.2% | 0.2% | 0.0% |
| HLT | 0.1% | 2.0% | 1.8% |
Where ANCFX and XLY differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | ANCFX | XLY | Δ |
|---|---|---|---|
| Consumer Discretionary | 8.9% | 99.9% | −91.0pp |
| Information Technology | 27.8% | 0.0% | +27.8pp |
| Industrials | 12.0% | 0.0% | +12.0pp |
| Consumer Staples | 9.4% | 0.0% | +9.4pp |
| Unclassified | 9.3% | 0.0% | +9.3pp |
| Communication Services | 9.0% | 0.0% | +9.0pp |
| Financials | 8.1% | 0.0% | +8.1pp |
| Health Care | 6.2% | 0.0% | +6.2pp |
Δ is ANCFX minus XLY, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
92.2% of ANCFX by weight, held in no part of XLY.
36.6% of XLY by weight, held in no part of ANCFX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| ANCFX | XLY | |
|---|---|---|
| Top 10 holdings | 34.1% | 68.0% |
| Positions held | 233 | 49 |
| Cost per $10,000 held, per year | $61 | $8 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do ANCFX and XLY overlap?
ANCFX and XLY overlap 6.9% by portfolio weight — largely distinct portfolios. They share 15 holdings. The figure comes from current issuer holdings files (ANCFX as of 2026-03-31, XLY as of 2026-07-23).
How is the overlap between ANCFX and XLY calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ANCFX holds a stock at 6% and XLY holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both ANCFX and XLY?
That depends on your goals — we state facts, not advice. At 6.9% overlap, each fund still contributes meaningfully distinct exposure.
What does ANCFX own that XLY doesn't?
ANCFX holds 233 positions and XLY holds 49; 217 of ANCFX's positions don't appear in XLY at all, and they are 92.2% of ANCFX by weight.
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Related comparisons
Sources: issuer holdings files, ANCFX as of 2026-03-31, XLY as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.