Loading Overlap Engine…
Dual-Fund Constituent Intersection · Capital Duplication Risk · Blended True Look-Through
Constituent-weighted capital intersection: Σ min(w_A, w_B)
100% of XLE · 100% of SPY
Holdings exclusive to XLE not tracked by SPY
Holdings exclusive to SPY not tracked by XLE
Adjust portfolio weighting between XLE and SPY to simulate effective expense drag and capital look-through.
0.091% annual asset-weighted drag
Baseline statutory dollar drag
Constituent look-through aggregate
High concentration risk: XOM (Exxon Mobil Corporation) accounts for 16.7% of the blended portfolio look-through.
High concentration risk: CVX (Chevron Corporation) accounts for 11.3% of the blended portfolio look-through.
| Ticker & Company | XLE Weight | SPY Weight | Overlap Contribution | Blended Weight (70/30) |
|---|---|---|---|---|
| XOMExxon Mobil Corporation | 23.40% | 0.97% | 0.97% | 16.67% |