VDE vs XOP: Holdings Overlap
Vanguard · 105 holdings · $10.0B · as of 2026-05-31
XOPState Street® SPDR® S&P® Oil & Gas Exploration & Production ETF
State Street (SPDR) · 52 holdings · $3.6B · as of 2026-08-06
Holdings snapshots are 67 days apart (VDE: 2026-05-31, XOP: 2026-08-06). 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 VDE and XOP?
Vanguard Energy Index Fund (VDE, by Vanguard) holds 105 positions; State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF (XOP, by State Street (SPDR)) holds 52. They have 47 holdings in common, and by portfolio weight the two funds are 32.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 32.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 47VDE holds 105 · XOP holds 52
- Weight in Shared Holdings
- VDE 49%·XOP 94%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 VDE
58 of 105 positions (50.6% of the fund) are not held by XOP. Showing the top 30 by weight.
Sector Breakdown
| Sector | VDE | XOP |
|---|---|---|
| Energy | 99.5% | 99.5% |
| Other Sectors | 0.0% | 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 |
|---|---|---|---|---|---|---|---|
| VDE | +5.2% | +30.6% | +40.8% | +13.4% | +22.8% | +9.4% | 2.48% |
| XOP | +5.7% | +33.0% | +39.0% | +7.2% | +18.0% | +3.7% | 1.95% |
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 VDE vs XOP →
Shared Holdings(47)
The top 10 shared positions account for 70% of the overlap, led by VLO, MPC and PSX.
 VLOValero Energy Corp. COM | 3.17% | 2.95% | 2.95% |
|---|---|---|---|
 MPCMarathon Petroleum Corp. COM | 3.27% | 2.86% | 2.86% |
 PSXPhillips 66 COM | 2.97% | 2.84% | 2.84% |
 CVXChevron Corp. COM | 14.46% | 2.50% | 2.50% |
 COPConocoPhillips COM | 5.76% | 2.45% | 2.45% |
 EOGEOG Resources Inc. COM | 3.05% | 2.44% | 2.44% |
 DVNDevon Energy Corporation COM | 2.11% | 2.32% | 2.11% |
 OXYOccidental Petroleum Corp. COM | 1.57% | 2.47% | 1.57% |
 FANGDiamondback Energy Inc COM | 1.51% | 2.42% | 1.51% |
 EQTEQT Corporation COM | 1.45% | 2.46% | 1.45% |
 EXEExpand Energy Corp. COM | 0.94% | 2.61% | 0.94% |
 TPLTexas Pacific Land Corporation COM | 0.85% | 2.38% | 0.85% |
 OVVOvintiv Inc COM | 0.70% | 2.60% | 0.70% |
 PRPermian Resources Corporation Class A | 0.60% | 2.58% | 0.60% |
 APAAPA Corp. COM | 0.58% | 2.42% | 0.58% |
 DINOHF Sinclair Corporation | 0.50% | 2.94% | 0.50% |
 ARAntero Resources Corporation COM | 0.47% | 2.46% | 0.47% |
 RRCRange Resources Corporation | 0.42% | 2.48% | 0.42% |
 VNOMViper Energy Inc. CL A | 0.40% | 2.32% | 0.40% |
 CHRDChord Energy Corp. COM NEW | 0.36% | 2.41% | 0.36% |
 SMSM Energy Co. COM | 0.33% | 2.20% | 0.33% |
 MTDRMatador Resources Company COM | 0.30% | 2.23% | 0.30% |
 MURMurphy Oil Corporation COM | 0.24% | 2.08% | 0.24% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.23% | 2.24% | 0.23% |
 CNXCNX Resources Corporation COM | 0.23% | 2.66% | 0.23% |
Frequently Asked Questions
How much do VDE and XOP overlap?
VDE and XOP overlap by 32.3% of portfolio weight. They share 47 holdings (VDE holds 105 positions and XOP holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VDE and XOP?
The two portfolios are 32.3% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VDE and XOP?
The largest positions held by both funds are VLO, MPC, PSX, CVX and COP. Together the top 10 shared positions account for 70% of the total overlap.
What does VDE own that XOP doesn't?
58 positions (50.6% of VDE) are unique to VDE, led by XOM, WMB and SLB. In the other direction, 5 positions (6.3% of XOP) are unique to XOP.