VHT vs XBI: Holdings Overlap
VHTVanguard Health Care Index Fund
Vanguard · 402 holdings · $18.3B · as of 2026-05-31
XBIState Street® SPDR® S&P® Biotech ETF
State Street (SPDR) · 149 holdings · $10.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (VHT: 2026-05-31, XBI: 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 VHT and XBI?
Vanguard Health Care Index Fund (VHT, by Vanguard) holds 402 positions; State Street® SPDR® S&P® Biotech ETF (XBI, by State Street (SPDR)) holds 149. They have 125 holdings in common, and by portfolio weight the two funds are 13.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 125VHT holds 402 · XBI holds 149
- Weight in Shared Holdings
- VHT 22%·XBI 92%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 VHT
277 of 402 positions (77.6% of the fund) are not held by XBI. Showing the top 30 by weight.
Sector Breakdown
| Sector | VHT | XBI |
|---|---|---|
| Health Care | 99.8% | 95.5% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 4.6% |
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 VHT, 5% of XBI).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VHT | +0.6% | +9.2% | +32.8% | +10.0% | +5.4% | +10.2% | 1.51% |
| XBI | -4.0% | +29.2% | +85.3% | +26.3% | +4.5% | +9.5% | 0.36% |
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 VHT vs XBI →
Shared Holdings(125)
The top 10 shared positions account for 58% of the overlap, led by AMGN, VRTX and ABBV.
 AMGNAmgen Inc. COM | 2.87% | 1.16% | 1.16% |
|---|---|---|---|
 VRTXVertex Pharmaceuticals Incorporated COM | 1.80% | 1.07% | 1.07% |
 ABBVAbbVie Inc. COM | 6.09% | 1.05% | 1.05% |
 GILDGilead Sciences Inc. COM | 2.64% | 1.04% | 1.04% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 1.00% | 1.24% | 1.00% |
 ALNYAlnylam Pharmaceuticals Inc. COM | 0.63% | 0.72% | 0.63% |
 NTRANatera Inc. COM | 0.46% | 1.18% | 0.46% |
 BIIBBiogen Inc COM | 0.46% | 1.03% | 0.46% |
 RVMDRevolution Medicines Inc COM | 0.40% | 1.33% | 0.40% |
 INSMInsmed Inc COM PAR $.01 | 0.36% | 1.39% | 0.36% |
 UTHRUnited Therapeutics Corporation COM | 0.36% | 0.95% | 0.36% |
 INCYIncyte Corporation. COM | 0.26% | 1.09% | 0.26% |
 NBIXNeurocrine Biosciences Inc COM | 0.25% | 0.96% | 0.25% |
 MRNAModerna Inc COM | 0.23% | 1.13% | 0.23% |
 EXELExelixis, Inc. COM | 0.20% | 0.96% | 0.20% |
 IONSIonis Pharmaceuticals, Inc. COM | 0.19% | 0.72% | 0.19% |
 ROIVRoivant Sciences Ltd SHS | 0.18% | 1.19% | 0.18% |
 BMRNBiomarin Pharmaceutical Inc. COM | 0.17% | 1.06% | 0.17% |
 BBIOBridgebio Pharma Inc COM | 0.15% | 1.19% | 0.15% |
 ARWRArrowhead Pharmaceuticals Inc COM | 0.15% | 1.17% | 0.15% |
 CYTKCytokinetics Incorporated | 0.14% | 1.17% | 0.14% |
 PRAXPraxis Precision Medicines Inc COM NEW | 0.13% | 1.49% | 0.13% |
 HALOHalozyme Therapeutics Inc COM | 0.12% | 1.18% | 0.12% |
 MDGLMadrigal Pharmaceuticals Inc COM | 0.12% | 1.05% | 0.12% |
 KRYSKrystal Biotech Inc COM | 0.11% | 1.00% | 0.11% |
Frequently Asked Questions
How much do VHT and XBI overlap?
VHT and XBI overlap by 13.1% of portfolio weight. They share 125 holdings (VHT holds 402 positions and XBI holds 149), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VHT and XBI?
The two portfolios are 13.1% 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 VHT and XBI?
The largest positions held by both funds are AMGN, VRTX, ABBV, GILD and REGN. Together the top 10 shared positions account for 58% of the total overlap.
What does VHT own that XBI doesn't?
277 positions (77.6% of VHT) are unique to VHT, led by LLY, JNJ and UNH. In the other direction, 24 positions (7.6% of XBI) are unique to XBI.