VIS vs XAR: Holdings Overlap
VISVanguard Industrials Index Fund
Vanguard · 381 holdings · $8.5B · as of 2026-05-31
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
Holdings snapshots are 67 days apart (VIS: 2026-05-31, XAR: 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 VIS and XAR?
Vanguard Industrials Index Fund (VIS, by Vanguard) holds 381 positions; State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47. They have 41 holdings in common, and by portfolio weight the two funds are 20.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41VIS holds 381 · XAR holds 47
- Weight in Shared Holdings
- VIS 23%·XAR 95%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 VIS
340 of 381 positions (76.8% of the fund) are not held by XAR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VIS | XAR |
|---|---|---|
| Industrials | 99.3% | 98.4% |
| Information Technology | 0.3% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 0.0% | 1.6% |
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 VIS, 2% of XAR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VIS | +1.5% | +20.1% | +25.2% | +20.8% | +14.0% | +14.1% | 0.87% |
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
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 VIS vs XAR →
Shared Holdings(41)
The top 10 shared positions account for 81% of the overlap, led by RTX, GE and BA.
 RTXRTX Corp. COM | 3.41% | 3.26% | 3.26% |
|---|---|---|---|
 GEGeneral Electric Co. | 4.84% | 3.04% | 3.04% |
 BABoeing Co. (The) | 2.57% | 2.87% | 2.57% |
 LMTLockheed Martin Corporation COM | 1.57% | 2.87% | 1.57% |
 HWMHowmet Aerospace Inc COM | 1.40% | 3.00% | 1.40% |
 GDGeneral Dynamics Corporation COM | 1.13% | 2.94% | 1.13% |
 NOCNorthrop Grumman Corporation COM | 1.08% | 2.71% | 1.08% |
 TDGTransdigm Group Inc. COM | 1.00% | 2.69% | 1.00% |
 RKLBRocket Lab Corp. COM | 0.98% | 1.86% | 0.98% |
 LHXL3 Harris Technologies Inc COM | 0.84% | 2.47% | 0.84% |
 AXONAxon Enterprise Inc COM | 0.48% | 3.02% | 0.48% |
 CWCurtiss-Wright Corporation | 0.39% | 2.57% | 0.39% |
 ATIATI Inc COMMON STOCK | 0.34% | 3.15% | 0.34% |
 CRSCarpenter Technology Corporation COM | 0.33% | 2.76% | 0.33% |
 WWDWoodward Inc. COM | 0.30% | 2.58% | 0.30% |
 BWXTBWX Technologies Inc. COM | 0.25% | 2.36% | 0.25% |
 TXTTextron Inc. COM | 0.23% | 2.49% | 0.23% |
 HEIHeico Corp COM | 0.22% | 2.93% | 0.22% |
 HIIHuntington Ingalls Industries, Inc. COM | 0.17% | 2.88% | 0.17% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 0.15% | 2.71% | 0.15% |
 MOG-AMoog, Inc., Class A | 0.15% | 2.78% | 0.15% |
 HXLHexcel Corporation COM | 0.10% | 2.91% | 0.10% |
 AVAVAeroVironment, Inc. COM | 0.10% | 2.56% | 0.10% |
 MRCYMercury Systems Inc COM | 0.09% | 2.01% | 0.09% |
 SAROStandardAero Inc. COM | 0.08% | 3.13% | 0.08% |
Frequently Asked Questions
How much do VIS and XAR overlap?
VIS and XAR overlap by 20.8% of portfolio weight. They share 41 holdings (VIS holds 381 positions and XAR holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VIS and XAR?
The two portfolios are 20.8% 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 VIS and XAR?
The largest positions held by both funds are RTX, GE, BA, LMT and HWM. Together the top 10 shared positions account for 81% of the total overlap.
What does VIS own that XAR doesn't?
340 positions (76.8% of VIS) are unique to VIS, led by CAT, GEV and ETN. In the other direction, 6 positions (4.9% of XAR) are unique to XAR.