VPU vs FUTY: Holdings Overlap
VPUVanguard Utilities Index Fund
Vanguard · 66 holdings · $8.5B · as of 2026-05-31
FUTYFidelity MSCI Utilities Index ETF
Fidelity · 63 holdings · $2.3B · as of 2026-04-30
Holdings snapshots are 31 days apart (VPU: 2026-05-31, FUTY: 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 VPU and FUTY?
Vanguard Utilities Index Fund (VPU, by Vanguard) holds 66 positions; Fidelity MSCI Utilities Index ETF (FUTY, by Fidelity) holds 63. They have 62 holdings in common, and by portfolio weight the two funds are 97.8% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 97.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 62VPU holds 66 · FUTY holds 63
- Weight in Shared Holdings
- VPU 99%·FUTY 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 VPU
4 of 66 positions (0.1% of the fund) are not held by FUTY.
Sector Breakdown
| Sector | VPU | FUTY |
|---|---|---|
| Utilities | 99.6% | 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 |
|---|---|---|---|---|---|---|---|
| VPU | -4.3% | +3.4% | +3.8% | +14.2% | +8.4% | +8.8% | 2.74% |
| FUTY | -4.3% | +3.5% | +3.8% | +14.2% | +8.2% | +8.8% | 2.68% |
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 VPU vs FUTY →
Shared Holdings(62)
The top 10 shared positions account for 53% of the overlap, led by NEE, SO and DUK.
 NEENextEra Energy Inc COM | 11.79% | 12.57% | 11.79% |
|---|---|---|---|
 SOSouthern Co. (The) | 6.67% | 6.64% | 6.64% |
 DUKDuke Energy Corp COM NEW | 6.28% | 6.29% | 6.28% |
 CEGConstellation Energy Corp. COM | 5.83% | 6.01% | 5.83% |
 AEPAmerican Electric Power Co, Inc. COM | 4.45% | 4.57% | 4.45% |
 SRESempra COM | 3.83% | 3.87% | 3.83% |
 DDominion Energy Inc COM | 3.76% | 3.44% | 3.44% |
 VSTVistra Corp. COMMON STOCK | 3.57% | 3.34% | 3.34% |
 ETREntergy Corporation COM | 3.21% | 3.29% | 3.21% |
 XELXcel Energy Inc COM | 3.09% | 3.06% | 3.06% |
 EXCExelon Corp. COM | 3.03% | 2.90% | 2.90% |
 PEGPublic Service Enterprise Group Incorporated COM | 2.58% | 2.54% | 2.54% |
 EDConsolidated Edison, Inc. COM | 2.51% | 2.51% | 2.51% |
 WECWEC Energy Group Inc. COM | 2.38% | 2.39% | 2.38% |
 PCGPG&E Corporation COM | 2.36% | 2.28% | 2.28% |
 DTEDTE Energy Co. COM | 1.95% | 1.97% | 1.95% |
 AEEAmeren Corp. COM | 1.92% | 1.92% | 1.92% |
 ATOAtmos Energy Corp. COM | 1.80% | 1.92% | 1.80% |
 NRGNRG Energy, Inc. COM NEW | 1.78% | 1.96% | 1.78% |
 CNPCenterpoint Energy Inc COM | 1.82% | 1.78% | 1.78% |
 PPLPPL Corporation COM | 1.72% | 1.73% | 1.72% |
 EIXEdison International COM | 1.77% | 1.67% | 1.67% |
 ESEversource Energy COM | 1.69% | 1.65% | 1.65% |
 FEFirstEnergy Corp. COM | 1.68% | 1.63% | 1.63% |
 AWKAmerican Water Works Company, Inc. COM | 1.48% | 1.56% | 1.48% |
Frequently Asked Questions
How much do VPU and FUTY overlap?
VPU and FUTY overlap by 97.8% of portfolio weight. They share 62 holdings (VPU holds 66 positions and FUTY holds 63), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VPU and FUTY?
The two portfolios are 97.8% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of VPU and FUTY?
The largest positions held by both funds are NEE, SO, DUK, CEG and AEP. Together the top 10 shared positions account for 53% of the total overlap.
What does VPU own that FUTY doesn't?
4 positions (0.1% of VPU) are unique to VPU, led by CWCO, YORW and Artesian Resources Corp., Class A. In the other direction, 1 positions (0.1% of FUTY) are unique to FUTY.