XLE vs VDE: Holdings Overlap
XLEState Street® Energy Select Sector SPDR® ETF
State Street (SPDR) · 22 holdings · $38.5B · as of 2026-08-06
Vanguard · 105 holdings · $10.0B · as of 2026-05-31
Holdings snapshots are 67 days apart (XLE: 2026-08-06, VDE: 2026-05-31). 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 XLE and VDE?
State Street® Energy Select Sector SPDR® ETF (XLE, by State Street (SPDR)) holds 22 positions; Vanguard Energy Index Fund (VDE, by Vanguard) holds 105. They have 20 holdings in common, and by portfolio weight the two funds are 59.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20XLE holds 22 · VDE holds 105
- Weight in Shared Holdings
- XLE 79%·VDE 60%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 XLE
2 of 22 positions (21.0% of the fund) are not held by VDE.
XOMEXXONMOBIL HOLDINGS CORP21.04%
IXPU6XAE ENERGY SEP260.00%
Sector Breakdown
| Sector | XLE | VDE |
|---|---|---|
| Energy | 99.8% | 99.5% |
| 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 |
|---|---|---|---|---|---|---|---|
| XLE | +5.2% | +30.4% | +40.5% | +13.3% | +22.8% | +9.8% | 2.64% |
| VDE | +5.2% | +30.6% | +40.8% | +13.4% | +22.8% | +9.4% | 2.48% |
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 XLE vs VDE →
Shared Holdings(20)
The top 10 shared positions account for 75% of the overlap, led by CVX, COP and WMB.
 CVXChevron Corp. COM | 15.05% | 14.46% | 14.46% |
|---|---|---|---|
 COPConocoPhillips COM | 6.04% | 5.76% | 5.76% |
 WMBWilliams Companies Inc. (The) COM | 3.98% | 3.63% | 3.63% |
 SLBSLB Ltd. COM USD0.01 | 4.60% | 3.47% | 3.47% |
 MPCMarathon Petroleum Corp. COM | 4.78% | 3.27% | 3.27% |
 VLOValero Energy Corp. COM | 4.71% | 3.17% | 3.17% |
 EOGEOG Resources Inc. COM | 4.28% | 3.05% | 3.05% |
 PSXPhillips 66 COM | 4.89% | 2.97% | 2.97% |
 BKRBaker Hughes Co., Class A | 3.95% | 2.64% | 2.64% |
 KMIKinder Morgan, Inc. COM | 3.90% | 2.60% | 2.60% |
 TRGPTarga Resources Corp. COM | 3.66% | 2.30% | 2.30% |
 OKEOneok Inc. COM | 3.53% | 2.21% | 2.21% |
 DVNDevon Energy Corporation COM | 3.16% | 2.11% | 2.11% |
 OXYOccidental Petroleum Corp. COM | 2.59% | 1.57% | 1.57% |
 FANGDiamondback Energy Inc COM | 2.34% | 1.51% | 1.51% |
 EQTEQT Corporation COM | 2.05% | 1.45% | 1.45% |
 HALHalliburton Company COM | 1.73% | 1.40% | 1.40% |
 EXEExpand Energy Corp. COM | 1.40% | 0.94% | 0.94% |
 TPLTexas Pacific Land Corporation COM | 1.31% | 0.85% | 0.85% |
 APAAPA Corp. COM | 0.82% | 0.58% | 0.58% |
Frequently Asked Questions
How much do XLE and VDE overlap?
XLE and VDE overlap by 59.9% of portfolio weight. They share 20 holdings (XLE holds 22 positions and VDE holds 105), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XLE and VDE?
The two portfolios are 59.9% 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 XLE and VDE?
The largest positions held by both funds are CVX, COP, WMB, SLB and MPC. Together the top 10 shared positions account for 75% of the total overlap.
What does XLE own that VDE doesn't?
2 positions (21.0% of XLE) are unique to XLE, led by XOM and IXPU6. In the other direction, 85 positions (39.6% of VDE) are unique to VDE.