SPY vs VNQI: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
Holdings snapshots are 98 days apart (SPY: 2026-08-06, VNQI: 2026-04-30). 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 VNQI?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0SPY holds 504 · VNQI holds 710
- Weight in Shared Holdings
- SPY 0%·VNQI 0%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
504 of 504 positions (99.9% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VNQI |
|---|---|---|
| Real Estate | 1.8% | 64.7% |
| 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 | 29.2% | 0.0% |
| Unclassified | 0.0% | 34.3% |
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. “Unclassified” is weight we could not classify (0% of SPY, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do SPY and VNQI overlap?
SPY and VNQI overlap by 0.0% of portfolio weight. They share 0 holdings (SPY holds 504 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VNQI?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does SPY own that VNQI doesn't?
504 positions (99.9% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 710 positions (99.0% of VNQI) are unique to VNQI.