SPY vs VOE: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
VOEVanguard Mid-cap Value Index Fund
Vanguard · 170 holdings · $24.2B · as of 2026-03-31
Holdings snapshots are 128 days apart (SPY: 2026-08-06, VOE: 2026-03-31). 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 VOE?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Mid-cap Value Index Fund (VOE, by Vanguard) holds 170. They have 161 holdings in common, and by portfolio weight the two funds are 9.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 161SPY holds 504 · VOE holds 170
- Weight in Shared Holdings
- SPY 10%·VOE 96%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
343 of 504 positions (90.2% of the fund) are not held by VOE. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VOE |
|---|---|---|
| Information Technology | 37.6% | 8.2% |
| Financials | 12.3% | 17.6% |
| Industrials | 8.8% | 13.6% |
| Energy | 3.2% | 13.0% |
| Utilities | 2.0% | 12.7% |
| Other Sectors | 36.0% | 34.4% |
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% |
| VOE | +3.2% | +17.9% | +26.2% | +15.9% | +10.1% | +10.8% | 1.80% |
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 VOE →
Shared Holdings(161)
The top 10 shared positions account for 15% of the overlap, led by WDC, GLW and NEM.
 WDCWestern Digital Corp. COM | 0.23% | 0.86% | 0.23% |
|---|---|---|---|
 GLWCorning Incorporated COM | 0.19% | 0.49% | 0.19% |
 NEMNewmont Corporation COM | 0.17% | 1.10% | 0.17% |
 JCIJohnson Controls International PLC COM USD1.00 | 0.14% | 0.75% | 0.14% |
 VLOValero Energy Corp. COM | 0.14% | 1.38% | 0.14% |
 CMICummins Inc. COM | 0.13% | 1.39% | 0.13% |
 WMBWilliams Companies Inc. (The) COM | 0.13% | 0.83% | 0.13% |
 MPCMarathon Petroleum Corp. COM | 0.13% | 1.35% | 0.13% |
 PSXPhillips 66 COM | 0.12% | 1.37% | 0.12% |
 GMGeneral Motors Company COM | 0.12% | 1.26% | 0.12% |
 SLBSLB Ltd. COM USD0.01 | 0.12% | 1.44% | 0.12% |
 URIUnited Rentals, Inc. COM | 0.11% | 0.86% | 0.11% |
 SPGSimon Property Group Inc COM | 0.11% | 0.54% | 0.11% |
 ALLThe Allstate Corporation COM | 0.11% | 1.01% | 0.11% |
 HPEHewlett Packard Enterprise Co. COM | 0.10% | 0.59% | 0.10% |
 PCARPaccar Inc COM | 0.10% | 1.14% | 0.10% |
 FDXFedEx Corporation COM | 0.10% | 0.71% | 0.10% |
 DLRDigital Realty Trust Inc. COM | 0.10% | 1.16% | 0.10% |
 TGTTarget Corp. COM | 0.10% | 1.03% | 0.10% |
 WBDWarner Bros. Discovery Inc. COM SER A | 0.10% | 1.21% | 0.10% |
 CRHCRH plc | 0.10% | 1.32% | 0.10% |
 AJGArthur J. Gallagher & Co. | 0.10% | 1.04% | 0.10% |
 CORCencora Inc COM | 0.10% | 1.09% | 0.10% |
 TELTE Connectivity PLC ORD SHS | 0.09% | 1.15% | 0.09% |
 BKRBaker Hughes Co., Class A | 0.09% | 1.13% | 0.09% |
Frequently Asked Questions
How much do SPY and VOE overlap?
SPY and VOE overlap by 9.7% of portfolio weight. They share 161 holdings (SPY holds 504 positions and VOE holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VOE?
The two portfolios are 9.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SPY and VOE?
The largest positions held by both funds are WDC, GLW, NEM, JCI and VLO. Together the top 10 shared positions account for 15% of the total overlap.
What does SPY own that VOE doesn't?
343 positions (90.2% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 9 positions (3.7% of VOE) are unique to VOE.