VOX vs XLC: Holdings Overlap
VOXVanguard Communication Services Index Fund
Vanguard · 114 holdings · $5.9B · as of 2026-05-31
XLCState Street® Communication Services Select Sector SPDR® ETF
State Street (SPDR) · 23 holdings · $21.7B · as of 2026-08-06
Holdings snapshots are 67 days apart (VOX: 2026-05-31, 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 VOX and XLC?
Vanguard Communication Services Index Fund (VOX, by Vanguard) holds 114 positions; State Street® Communication Services Select Sector SPDR® ETF (XLC, by State Street (SPDR)) holds 23. They have 22 holdings in common, and by portfolio weight the two funds are 71.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 71.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22VOX holds 114 · XLC holds 23
- Weight in Shared Holdings
- VOX 82%·XLC 98%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 VOX
92 of 114 positions (17.4% of the fund) are not held by XLC. Showing the top 30 by weight.
Sector Breakdown
| Sector | VOX | XLC |
|---|---|---|
| Communication Services | 99.7% | 99.8% |
| 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 |
|---|---|---|---|---|---|---|---|
| VOX | -1.3% | -2.7% | +8.9% | +20.4% | +6.4% | +8.3% | 1.05% |
| 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 VOX vs XLC →
Shared Holdings(22)
The top 10 shared positions account for 85% of the overlap, led by META, GOOGL and GOOG.
 METAMeta Platforms, Inc., Class A | 21.05% | 17.57% | 17.57% |
|---|---|---|---|
 GOOGLAlphabet Inc. CAP STK CL A | 16.08% | 11.04% | 11.04% |
 GOOGAlphabet Inc. CAP STK CL C | 10.58% | 8.87% | 8.87% |
 NFLXNetflix, Inc. COM | 4.75% | 4.49% | 4.49% |
 VZVerizon Communications Inc. COM | 4.16% | 4.79% | 4.16% |
 DISWalt Disney Company COM | 3.95% | 4.77% | 3.95% |
 TAT&T Inc COM | 3.68% | 4.89% | 3.68% |
 WBDWarner Bros. Discovery Inc. COM SER A | 2.73% | 4.38% | 2.73% |
 TMUST-Mobile US Inc COM | 2.49% | 4.65% | 2.49% |
 CMCSAComcast Corporation CL A | 2.35% | 4.67% | 2.35% |
 TTWOTake-Two Interactive Software Inc. COM | 2.08% | 4.23% | 2.08% |
 LYVLive Nation Entertainment, Inc. COM | 1.64% | 4.48% | 1.64% |
 OMCOmnicom Group Inc COM | 1.37% | 4.35% | 1.37% |
 ECHOEchoStar Corp., Class A | 1.09% | 2.19% | 1.09% |
 TKOTKO Group Holdings, Inc., Class A | 0.83% | 2.18% | 0.83% |
 CHTRCharter Communications, Inc., Class A | 0.73% | 2.43% | 0.73% |
 FOXAFox Corporation CL A COM | 0.60% | 2.28% | 0.60% |
 NWSANews Corporation CL A | 0.59% | 2.00% | 0.59% |
 TTDTrade Desk, Inc. (The), Class A | 0.57% | 1.40% | 0.57% |
 FOXFox Corporation CL B COM | 0.53% | 1.42% | 0.53% |
 NWSNews Corporation CL B | 0.22% | 0.75% | 0.22% |
 PSKYParamount Skydance Corp., Class B | 0.20% | 0.53% | 0.20% |
Frequently Asked Questions
How much do VOX and XLC overlap?
VOX and XLC overlap by 71.8% of portfolio weight. They share 22 holdings (VOX holds 114 positions and XLC holds 23), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VOX and XLC?
The two portfolios are 71.8% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of VOX and XLC?
The largest positions held by both funds are META, GOOGL, GOOG, NFLX and VZ. Together the top 10 shared positions account for 85% of the total overlap.
What does VOX own that XLC doesn't?
92 positions (17.4% of VOX) are unique to VOX, led by EA, ASTS and RBLX. In the other direction, 1 positions (1.4% of XLC) are unique to XLC.