SPY vs VDE: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Vanguard · 105 holdings · $10.0B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPY: 2026-08-06, VDE: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are SPY and VDE?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Energy Index Fund (VDE, by Vanguard) holds 105. They have 20 holdings in common, and by portfolio weight the two funds are 2.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20SPY holds 504 · VDE holds 105
- Weight in Shared Holdings
- SPY 2%·VDE 60%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SPY
484 of 504 positions (97.7% of the fund) are not held by VDE. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VDE |
|---|---|---|
| Energy | 3.2% | 99.5% |
| Information Technology | 37.6% | 0.0% |
| Financials | 12.3% | 0.0% |
| Communication Services | 9.7% | 0.0% |
| Consumer Discretionary | 9.3% | 0.0% |
| Other Sectors | 27.9% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
| VDE | +5.2% | +30.6% | +40.8% | +13.4% | +22.8% | +9.4% | 2.48% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SPY vs VDE →
Shared Holdings(20)
The top 10 shared positions account for 76% of the overlap, led by CVX, COP and VLO.
 CVXChevron Corp. COM | 0.53% | 14.46% | 0.53% |
|---|---|---|---|
 COPConocoPhillips COM | 0.21% | 5.76% | 0.21% |
 VLOValero Energy Corp. COM | 0.14% | 3.17% | 0.14% |
 WMBWilliams Companies Inc. (The) COM | 0.13% | 3.63% | 0.13% |
 MPCMarathon Petroleum Corp. COM | 0.13% | 3.27% | 0.13% |
 PSXPhillips 66 COM | 0.12% | 2.97% | 0.12% |
 SLBSLB Ltd. COM USD0.01 | 0.12% | 3.47% | 0.12% |
 EOGEOG Resources Inc. COM | 0.11% | 3.05% | 0.11% |
 BKRBaker Hughes Co., Class A | 0.09% | 2.64% | 0.09% |
 KMIKinder Morgan, Inc. COM | 0.09% | 2.60% | 0.09% |
 TRGPTarga Resources Corp. COM | 0.09% | 2.30% | 0.09% |
 OKEOneok Inc. COM | 0.08% | 2.21% | 0.08% |
 DVNDevon Energy Corporation COM | 0.07% | 2.11% | 0.07% |
 OXYOccidental Petroleum Corp. COM | 0.06% | 1.57% | 0.06% |
 FANGDiamondback Energy Inc COM | 0.06% | 1.51% | 0.06% |
 EQTEQT Corporation COM | 0.05% | 1.45% | 0.05% |
 HALHalliburton Company COM | 0.04% | 1.40% | 0.04% |
 EXEExpand Energy Corp. COM | 0.03% | 0.94% | 0.03% |
 TPLTexas Pacific Land Corporation COM | 0.03% | 0.85% | 0.03% |
 APAAPA Corp. COM | 0.02% | 0.58% | 0.02% |
Frequently Asked Questions
How much do SPY and VDE overlap?
SPY and VDE overlap by 2.2% of portfolio weight. They share 20 holdings (SPY holds 504 positions and VDE holds 105), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VDE?
The two portfolios are 2.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPY and VDE?
The largest positions held by both funds are CVX, COP, VLO, WMB and MPC. Together the top 10 shared positions account for 76% of the total overlap.
What does SPY own that VDE doesn't?
484 positions (97.7% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 85 positions (39.6% of VDE) are unique to VDE.