VOO vs XLC: Holdings Overlap
Vanguard · 504 holdings · $1.03T · as of 2026-03-31
XLCState Street® Communication Services Select Sector SPDR® ETF
State Street (SPDR) · 23 holdings · $21.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (VOO: 2026-03-31, XLC: 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 VOO and XLC?
Vanguard 500 Index Fund (VOO, by Vanguard) holds 504 positions; State Street® Communication Services Select Sector SPDR® ETF (XLC, by State Street (SPDR)) holds 23. They have 23 holdings in common, and by portfolio weight the two funds are 10.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23VOO holds 504 · XLC holds 23
- Weight in Shared Holdings
- VOO 10%·XLC 100%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 VOO
481 of 504 positions (89.4% of the fund) are not held by XLC. Showing the top 30 by weight.
Only in XLC
Every position in XLC is also held by VOO, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | VOO | XLC |
|---|---|---|
| Communication Services | 10.5% | 99.8% |
| Information Technology | 32.7% | 0.0% |
| Financials | 12.4% | 0.0% |
| Consumer Discretionary | 9.9% | 0.0% |
| Health Care | 9.5% | 0.0% |
| Other Sectors | 24.9% | 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 |
|---|---|---|---|---|---|---|---|
| VOO | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.03% |
| XLC | +0.2% | -5.0% | +5.0% | +19.1% | +7.2% | — | 1.29% |
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 VOO vs XLC →
Shared Holdings(23)
The top 10 shared positions account for 96% of the overlap, led by GOOGL, GOOG and META.
 GOOGLAlphabet Inc. CAP STK CL A | 2.99% | 11.04% | 2.99% |
|---|---|---|---|
 GOOGAlphabet Inc. CAP STK CL C | 2.40% | 8.87% | 2.40% |
 METAMeta Platforms, Inc., Class A | 2.24% | 17.57% | 2.24% |
 NFLXNetflix, Inc. COM | 0.73% | 4.49% | 0.73% |
 VZVerizon Communications Inc. COM | 0.38% | 4.79% | 0.38% |
 TAT&T Inc COM | 0.36% | 4.89% | 0.36% |
 DISWalt Disney Company COM | 0.31% | 4.77% | 0.31% |
 APPAppLovin Corp., Class A | 0.19% | 1.45% | 0.19% |
 CMCSAComcast Corporation CL A | 0.18% | 4.67% | 0.18% |
 TMUST-Mobile US Inc COM | 0.18% | 4.65% | 0.18% |
 WBDWarner Bros. Discovery Inc. COM SER A | 0.12% | 4.38% | 0.12% |
 TTWOTake-Two Interactive Software Inc. COM | 0.06% | 4.23% | 0.06% |
 LYVLive Nation Entertainment, Inc. COM | 0.04% | 4.48% | 0.04% |
 OMCOmnicom Group Inc COM | 0.04% | 4.35% | 0.04% |
 CHTRCharter Communications, Inc., Class A | 0.03% | 2.43% | 0.03% |
 ECHOEchoStar Corp., Class A | 0.03% | 2.19% | 0.03% |
 TKOTKO Group Holdings, Inc., Class A | 0.02% | 2.18% | 0.02% |
 FOXAFox Corporation CL A COM | 0.02% | 2.28% | 0.02% |
 TTDTrade Desk, Inc. (The), Class A | 0.02% | 1.40% | 0.02% |
 NWSANews Corporation CL A | 0.02% | 2.00% | 0.02% |
 FOXFox Corporation CL B COM | 0.01% | 1.42% | 0.01% |
 NWSNews Corporation CL B | 0.01% | 0.75% | 0.01% |
 PSKYParamount Skydance Corp., Class B | 0.01% | 0.53% | 0.01% |
Frequently Asked Questions
How much do VOO and XLC overlap?
VOO and XLC overlap by 10.4% of portfolio weight. They share 23 holdings (VOO holds 504 positions and XLC holds 23), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VOO and XLC?
The two portfolios are 10.4% 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 VOO and XLC?
The largest positions held by both funds are GOOGL, GOOG, META, NFLX and VZ. Together the top 10 shared positions account for 96% of the total overlap.
What does VOO own that XLC doesn't?
481 positions (89.4% of VOO) are unique to VOO, led by NVDA, AAPL and MSFT. In the other direction, 0 positions (0.0% of XLC) are unique to XLC.