VPU vs XMHQ: Holdings Overlap
VPUVanguard Utilities Index Fund
Vanguard · 66 holdings · $8.5B · as of 2026-05-31
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (VPU: 2026-05-31, XMHQ: 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 XMHQ?
Vanguard Utilities Index Fund (VPU, by Vanguard) holds 66 positions; Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80. They have 1 holdings in common, and by portfolio weight the two funds are 1.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1VPU holds 66 · XMHQ holds 80
- Weight in Shared Holdings
- VPU 1%·XMHQ 2%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
65 of 66 positions (98.6% of the fund) are not held by XMHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | VPU | XMHQ |
|---|---|---|
| Utilities | 99.6% | 2.2% |
| Industrials | 0.0% | 28.5% |
| Health Care | 0.0% | 19.7% |
| Financials | 0.0% | 15.1% |
| Consumer Discretionary | 0.0% | 9.5% |
| Other Sectors | 0.0% | 24.9% |
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% |
| XMHQ | +4.3% | +16.0% | +18.7% | +14.6% | +10.6% | +13.0% | 0.55% |
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 XMHQ →
Shared Holdings(1)
 TLNTalen Energy Corporation COM | 0.99% | 2.22% | 0.99% |
|---|
Frequently Asked Questions
How much do VPU and XMHQ overlap?
VPU and XMHQ overlap by 1.0% of portfolio weight. They share 1 holdings (VPU holds 66 positions and XMHQ holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VPU and XMHQ?
The two portfolios are 1.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VPU and XMHQ?
The largest positions held by both funds are TLN. Together the top 1 shared positions account for 100% of the total overlap.
What does VPU own that XMHQ doesn't?
65 positions (98.6% of VPU) are unique to VPU, led by NEE, SO and DUK. In the other direction, 79 positions (97.7% of XMHQ) are unique to XMHQ.