VXF vs XME: Holdings Overlap
VXFVanguard Extended Market Index Fund
Vanguard · 3359 holdings · $32.2B · as of 2026-03-31
XMEState Street® SPDR® S&P® Metals & Mining ETF
State Street (SPDR) · 39 holdings · $4.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (VXF: 2026-03-31, XME: 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 VXF and XME?
Vanguard Extended Market Index Fund (VXF, by Vanguard) holds 3359 positions; State Street® SPDR® S&P® Metals & Mining ETF (XME, by State Street (SPDR)) holds 39. They have 35 holdings in common, and by portfolio weight the two funds are 2.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35VXF holds 3359 · XME holds 39
- Weight in Shared Holdings
- VXF 2%·XME 82%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 VXF
3324 of 3359 positions (97.6% of the fund) are not held by XME. Showing the top 30 by weight.
Sector Breakdown
| Sector | VXF | XME |
|---|---|---|
| Materials | 4.6% | 76.0% |
| Energy | 5.4% | 20.5% |
| Industrials | 19.5% | 0.0% |
| Information Technology | 16.3% | 0.0% |
| Financials | 15.0% | 0.0% |
| Other Sectors | 36.7% | 0.0% |
| Unclassified | 2.4% | 3.4% |
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. “Unclassified” is weight we could not classify (2% of VXF, 3% of XME).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VXF | +2.4% | +18.9% | +26.9% | +18.6% | +6.9% | +12.0% | 0.99% |
| XME | +12.9% | +11.8% | +49.0% | +31.5% | +22.7% | +16.4% | 0.32% |
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 VXF vs XME →
Shared Holdings(35)
The top 10 shared positions account for 75% of the overlap, led by RGLD, CDE and AA.
 RGLDRoyal Gold, Inc. COM | 0.28% | 4.51% | 0.28% |
|---|---|---|---|
 CDECoeur Mining Inc COM NEW | 0.27% | 4.14% | 0.27% |
 AAAlcoa Corporation COM | 0.24% | 2.95% | 0.24% |
 RSReliance Inc COM | 0.22% | 4.32% | 0.22% |
 HLHecla Mining Company COM | 0.17% | 4.60% | 0.17% |
 CMCCommercial Metals Company COM | 0.09% | 4.08% | 0.09% |
 UECUranium Energy Corp. COM | 0.09% | 4.65% | 0.09% |
 MPMP Materials Corp., Class A | 0.09% | 3.62% | 0.09% |
 CNRCore Natural Resources Inc. COM SHS | 0.07% | 4.02% | 0.07% |
 HCCWarrior Met Coal Inc COM | 0.07% | 3.84% | 0.07% |
 CLFCleveland-Cliffs Inc COM | 0.07% | 4.02% | 0.07% |
 BTUPeabody Energy Corp. COM | 0.05% | 3.32% | 0.05% |
 LEUCentrus Energy Corp., Class A | 0.04% | 4.72% | 0.04% |
 CENXCentury Aluminum Company COM | 0.04% | 3.17% | 0.04% |
 MTRNMaterion Corp COM | 0.04% | 3.82% | 0.04% |
 USARUSA Rare Earth Inc. COM | 0.04% | 3.49% | 0.04% |
 HYMCHycroft Mining Holding Corp., Class A | 0.03% | 2.64% | 0.03% |
 AMRAlpha Metallurgical Resources Inc COM | 0.03% | 1.87% | 0.03% |
 KALUKaiser Aluminium Corporation COM PAR $0.01 | 0.03% | 2.49% | 0.03% |
 IEIvanhoe Electric Inc / US | 0.02% | 1.87% | 0.02% |
 UAMYUnited States Antimony Corp COM | 0.01% | 1.15% | 0.01% |
 MUXMcEwen, Inc. | 0.01% | 1.30% | 0.01% |
 RYZRyerson Holding Corporation COM | 0.01% | 0.66% | 0.01% |
 WSWorthington Steel Inc. COM SHS | 0.01% | 0.64% | 0.01% |
 CMPCompass Minerals International Inc. COM | 0.01% | 0.90% | 0.01% |
Frequently Asked Questions
How much do VXF and XME overlap?
VXF and XME overlap by 2.1% of portfolio weight. They share 35 holdings (VXF holds 3359 positions and XME holds 39), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VXF and XME?
The two portfolios are 2.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VXF and XME?
The largest positions held by both funds are RGLD, CDE, AA, RS and HL. Together the top 10 shared positions account for 75% of the total overlap.
What does VXF own that XME doesn't?
3324 positions (97.6% of VXF) are unique to VXF, led by MRVL, NET and LNG. In the other direction, 4 positions (17.5% of XME) are unique to XME.