XLRE vs VNQ: Holdings Overlap
XLREState Street® Real Estate Select Sector SPDR® ETF
State Street (SPDR) · 31 holdings · $8.6B · as of 2026-08-06
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
Holdings snapshots are 98 days apart (XLRE: 2026-08-06, VNQ: 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 XLRE and VNQ?
State Street® Real Estate Select Sector SPDR® ETF (XLRE, by State Street (SPDR)) holds 31 positions; Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146. They have 31 holdings in common, and by portfolio weight the two funds are 63.1% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 63.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31XLRE holds 31 · VNQ holds 146
- Weight in Shared Holdings
- XLRE 100%·VNQ 63%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 XLRE
Every position in XLRE is also held by VNQ, so it brings nothing the other fund doesn’t already own.
Only in VNQ
115 of 146 positions (36.6% of the fund) are not held by XLRE. Showing the top 30 by weight.
Sector Breakdown
| Sector | XLRE | VNQ |
|---|---|---|
| Real Estate | 99.9% | 99.3% |
| Communication Services | 0.0% | 0.4% |
| 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 |
|---|---|---|---|---|---|---|---|
| XLRE | +0.2% | +13.2% | +11.9% | +9.9% | +2.6% | +6.4% | 3.12% |
| VNQ | +0.0% | +13.4% | +13.9% | +9.7% | +2.2% | +4.9% | 3.53% |
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 XLRE vs VNQ →
Shared Holdings(31)
The top 10 shared positions account for 67% of the overlap, led by WELL, PLD and EQIX.
 WELLWelltower Inc. COM | 11.24% | 7.84% | 7.84% |
|---|---|---|---|
 PLDPrologis Inc. COM | 8.90% | 7.00% | 7.00% |
 EQIXEquinix, Inc. COM | 7.00% | 5.64% | 5.64% |
 AMTAmerican Tower Corporation COM | 5.38% | 4.54% | 4.54% |
 DLRDigital Realty Trust Inc. COM | 5.02% | 3.66% | 3.66% |
 SPGSimon Property Group Inc COM | 4.85% | 3.53% | 3.53% |
 ORealty Income Corporation COM | 4.50% | 3.11% | 3.11% |
 PSAPublic Storage COM | 4.80% | 2.54% | 2.54% |
 CBRECBRE Group, Inc., Class A | 4.39% | 2.25% | 2.25% |
 VTRVentas Inc. COM | 4.56% | 2.19% | 2.19% |
 CCICrown Castle Inc. COM | 3.33% | 2.05% | 2.05% |
 IRMIron Mountain Inc. COM | 3.69% | 1.98% | 1.98% |
 EXRExtra Space Storage Inc. COM | 3.21% | 1.61% | 1.61% |
 VICIVICI Properties, Inc., Class A | 2.95% | 1.58% | 1.58% |
 AVBAvalonBay Communities, Inc. COM | 2.64% | 1.38% | 1.38% |
 EQREquity Residential SH BEN INT | 2.31% | 1.25% | 1.25% |
 SBACSBA Communications Corp., Class A | 1.97% | 1.25% | 1.25% |
 WYWeyerhaeuser Company COM NEW | 1.87% | 0.94% | 0.94% |
 ESSEssex Property Trust, Inc. COM | 1.86% | 0.90% | 0.90% |
 INVHInvitation Homes Inc. COM | 1.69% | 0.89% | 0.89% |
 KIMKimco Realty Corporation COM | 1.68% | 0.85% | 0.85% |
 MAAMid-America Apartment Communities, Inc. COM | 1.58% | 0.80% | 0.80% |
 CSGPCostar Group Inc COM | 1.23% | 0.77% | 0.77% |
 HSTHost Hotels & Resorts Inc COM | 1.51% | 0.77% | 0.77% |
 REGRegency Centers Corp. COM | 1.29% | 0.72% | 0.72% |
Frequently Asked Questions
How much do XLRE and VNQ overlap?
XLRE and VNQ overlap by 63.1% of portfolio weight. They share 31 holdings (XLRE holds 31 positions and VNQ holds 146), based on each fund's latest SEC-reported holdings.
Is it redundant to own both XLRE and VNQ?
The two portfolios are 63.1% 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 XLRE and VNQ?
The largest positions held by both funds are WELL, PLD, EQIX, AMT and DLR. Together the top 10 shared positions account for 67% of the total overlap.
What does XLRE own that VNQ doesn't?
Nothing. Every position in XLRE is also held by VNQ. In the other direction, 115 positions (36.6% of VNQ) are unique to VNQ.