VOO vs XLG: Holdings Overlap
Vanguard · 504 holdings · $1.03T · as of 2026-03-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (VOO: 2026-03-31, XLG: 2026-04-30). 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 XLG?
Vanguard 500 Index Fund (VOO, by Vanguard) holds 504 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 51 holdings in common, and by portfolio weight the two funds are 59.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 51VOO holds 504 · XLG holds 51
- Weight in Shared Holdings
- VOO 60%·XLG 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
453 of 504 positions (40.3% of the fund) are not held by XLG. Showing the top 30 by weight.
Only in XLG
Every position in XLG is also held by VOO, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | VOO | XLG |
|---|---|---|
| Information Technology | 32.7% | 43.7% |
| Communication Services | 10.5% | 17.0% |
| Financials | 12.4% | 9.6% |
| Consumer Discretionary | 9.9% | 11.3% |
| Health Care | 9.5% | 7.0% |
| Other Sectors | 24.9% | 11.0% |
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% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 XLG →
Shared Holdings(51)
The top 10 shared positions account for 61% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 7.58% | 13.04% | 7.58% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.66% | 10.71% | 6.66% |
 MSFTMicrosoft Corp. COM | 4.91% | 8.14% | 4.91% |
 AMZNAmazon.com, Inc. COM | 3.64% | 6.96% | 3.64% |
 GOOGLAlphabet Inc. CAP STK CL A | 2.99% | 6.03% | 2.99% |
 AVGOBroadcom Inc COM | 2.62% | 4.83% | 2.62% |
 GOOGAlphabet Inc. CAP STK CL C | 2.40% | 4.80% | 2.40% |
 METAMeta Platforms, Inc., Class A | 2.24% | 3.60% | 2.24% |
 TSLATesla Inc COM | 1.87% | 2.89% | 1.87% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.57% | 2.34% | 1.57% |
 JPMJPMorgan Chase & Co. COM | 1.34% | 2.27% | 1.34% |
 LLYEli Lilly & Co. COM | 1.30% | 1.99% | 1.30% |
 XOMExxon Mobil Corp. COM | 1.27% | 1.73% | 1.27% |
 JNJJohnson & Johnson COM | 1.05% | 1.49% | 1.05% |
 WMTWalmart Inc COM | 0.97% | 1.56% | 0.97% |
 VVisa, Inc., Class A | 0.89% | 1.49% | 0.89% |
 COSTCostco Wholesale Corporation COM | 0.79% | 1.21% | 0.79% |
 MAMasterCard Incorporated CL A | 0.73% | 1.10% | 0.73% |
 NFLXNetflix, Inc. COM | 0.73% | 1.06% | 0.73% |
 CVXChevron Corp. COM | 0.69% | 0.97% | 0.69% |
 ABBVAbbVie Inc. COM | 0.69% | 1.00% | 0.69% |
 PGThe Procter & Gamble Co. COM | 0.60% | 0.92% | 0.60% |
 PLTRPalantir Technologies, Inc., Class A | 0.60% | 0.85% | 0.60% |
 AMDAdvanced Micro Devices Inc. COM | 0.59% | 1.55% | 0.59% |
 CATCaterpillar Inc COM | 0.59% | 1.11% | 0.59% |
Frequently Asked Questions
How much do VOO and XLG overlap?
VOO and XLG overlap by 59.5% of portfolio weight. They share 51 holdings (VOO holds 504 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VOO and XLG?
The two portfolios are 59.5% 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 VOO and XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 61% of the total overlap.
What does VOO own that XLG doesn't?
453 positions (40.3% of VOO) are unique to VOO, led by MU, AMAT and LRCX. In the other direction, 0 positions (0.0% of XLG) are unique to XLG.