PRGFX vs XLP: 1% overlap
T. Rowe Price Growth Stock and Consumer Staples Select Sector SPDR Fund share 0.8% 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 — PRGFX 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
PRGFX and XLP hold 1 of the same securities. The ten contributing most to the overlap figure:
| Holding | in PRGFX | in XLP | Δ |
|---|---|---|---|
| COST | 0.8% | 8.9% | 8.1% |
Where PRGFX and XLP 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 | PRGFX | XLP | Δ |
|---|---|---|---|
| Consumer Staples | 0.8% | 99.7% | −98.9pp |
| Information Technology | 48.2% | 0.0% | +48.2pp |
| Communication Services | 13.1% | 0.0% | +13.1pp |
| Consumer Discretionary | 10.7% | 0.0% | +10.7pp |
| Health Care | 6.5% | 0.0% | +6.5pp |
| Unclassified | 5.9% | 0.0% | +5.9pp |
| Industrials | 5.6% | 0.0% | +5.6pp |
| Financials | 5.1% | 0.0% | +5.1pp |
Δ is PRGFX minus XLP, 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
95.8% of PRGFX by weight, held in no part of XLP.
90.9% of XLP by weight, held in no part of PRGFX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| PRGFX | XLP | |
|---|---|---|
| Top 10 holdings | 62.8% | 62.1% |
| Positions held | 79 | 37 |
| Cost per $10,000 held, per year | $64 | $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 PRGFX and XLP overlap?
PRGFX and XLP overlap 0.8% by portfolio weight — largely distinct portfolios. They share 1 holdings. The figure comes from current issuer holdings files (PRGFX as of 2026-03-31, XLP as of 2026-07-23).
How is the overlap between PRGFX and XLP calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If PRGFX holds a stock at 6% and XLP 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 PRGFX and XLP?
That depends on your goals — we state facts, not advice. At 0.8% overlap, each fund still contributes meaningfully distinct exposure.
What does PRGFX own that XLP doesn't?
PRGFX holds 79 positions and XLP holds 37; 77 of PRGFX's positions don't appear in XLP at all, and they are 95.8% of PRGFX by weight.
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Related comparisons
Sources: issuer holdings files, PRGFX as of 2026-03-31, XLP as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.