XLF vs VFH: Holdings Overlap
XLFState Street® Financial Select Sector SPDR® ETF
State Street (SPDR) · 77 holdings · $59.1B · as of 2026-08-06
VFHVanguard Financials Index Fund
Vanguard · 411 holdings · $13.9B · as of 2026-05-31
Holdings snapshots are 67 days apart (XLF: 2026-08-06, VFH: 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 XLF and VFH?
State Street® Financial Select Sector SPDR® ETF (XLF, by State Street (SPDR)) holds 77 positions; Vanguard Financials Index Fund (VFH, by Vanguard) holds 411. They have 76 holdings in common, and by portfolio weight the two funds are 82.3% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 82.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 76XLF holds 77 · VFH holds 411
- Weight in Shared Holdings
- XLF 100%·VFH 83%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 VFH
335 of 411 positions (13.8% of the fund) are not held by XLF. Showing the top 30 by weight.
Sector Breakdown
| Sector | XLF | VFH |
|---|---|---|
| Financials | 99.8% | 96.3% |
| Health Care | 0.0% | 0.1% |
| 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 |
|---|---|---|---|---|---|---|---|
| XLF | +2.8% | +6.1% | +13.9% | +19.5% | +10.7% | +13.5% | 1.40% |
| VFH | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.65% |
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 XLF vs VFH →
Shared Holdings(76)
The top 10 shared positions account for 54% of the overlap, led by JPM, BRK-B and MA.
 JPMJPMorgan Chase & Co. COM | 11.69% | 9.15% | 9.15% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 11.78% | 7.85% | 7.85% |
 MAMasterCard Incorporated CL A | 5.69% | 5.03% | 5.03% |
 BACBank of America Corp. COM | 5.04% | 4.25% | 4.25% |
 VVisa, Inc., Class A | 7.53% | 4.17% | 4.17% |
 GSGoldman Sachs Group, Inc. (The) | 3.73% | 3.51% | 3.51% |
 MSMorgan Stanley COM NEW | 3.14% | 2.97% | 2.97% |
 WFCWells Fargo & Co. COM | 3.26% | 2.93% | 2.93% |
 CCitigroup Inc. COM NEW | 2.80% | 2.56% | 2.56% |
 AXPAmerican Express Company COM | 2.23% | 2.10% | 2.10% |
 BLKBlackrock Inc. COM | 2.00% | 1.86% | 1.86% |
 SCHWThe Charles Schwab Corporation COM | 2.16% | 1.77% | 1.77% |
 SPGIS&P Global Inc COM | 1.50% | 1.58% | 1.50% |
 COFCapital One Financial Corp. COM | 1.68% | 1.44% | 1.44% |
 CBChubb Ltd. Switzerland ORD CHF24.15 | 1.56% | 1.40% | 1.40% |
 PGRThe Progressive Corporation COM | 1.54% | 1.34% | 1.34% |
 CMECME Group, Inc., Class A | 1.17% | 1.19% | 1.17% |
 BNYThe Bank of New York Mellon Corp. COM | 1.33% | 1.15% | 1.15% |
 BXBlackstone Inc., Class A | 1.21% | 1.04% | 1.04% |
 PNCPNC Financial Services Group, Inc. (The) | 1.24% | 1.04% | 1.04% |
 USBU.S. Bancorp. COM NEW | 1.21% | 1.03% | 1.03% |
 ICEIntercontinental Exchange Inc COM | 1.04% | 1.01% | 1.01% |
 MRSHMarsh & McLennan Companies, Inc. COM | 1.14% | 0.94% | 0.94% |
 MCOMoodys Corp. COM | 0.87% | 0.88% | 0.87% |
 HOODRobinhood Markets, Inc., Class A | 0.88% | 0.85% | 0.85% |
Frequently Asked Questions
How much do XLF and VFH overlap?
XLF and VFH overlap by 82.3% of portfolio weight. They share 76 holdings (XLF holds 77 positions and VFH holds 411), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XLF and VFH?
The two portfolios are 82.3% 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 XLF and VFH?
The largest positions held by both funds are JPM, BRK-B, MA, BAC and V. Together the top 10 shared positions account for 54% of the total overlap.
What does XLF own that VFH doesn't?
1 positions (0.0% of XLF) are unique to XLF, led by IXAU6. In the other direction, 335 positions (13.8% of VFH) are unique to VFH.