VDE vs XLE overlap - what they share and where they differ
VDE and XLE share 81.2% of their weight across 21 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
VDE and XLE
81.2%
21 shared positions
VDE
VANGUARD ENERGY INDEX FUND
Reported positions cover 100% of the fund, 105 positions · May 31, 2026
Top 10: 63.7%·Holdings of VDE
XLE
State Street(R) Energy Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 21 positions · Jun 30, 2026
Top 10: 75.6%·Holdings of XLE
Reported positions cover VDE 100%, XLE 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLE vs VDE side by side
VDEVANGUARD ENERGY INDEX FUND
105
stock positions reported to the SEC
18.3% of its weight is in 84 names XLE does not hold
XLEState Street(R) Energy Select Sector SPDR(R) ETF
21
stock positions reported to the SEC
0.0% of its weight is in 0 names VDE does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: VDE has 1.7 points more of it.
The figures side by side
| VDE | XLE | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 105 | 21 |
| Weight of the ten largest | 63.7% | 75.6% |
| Largest position | EXXON MOBIL CORP 21.3% | EXXON MOBIL CORP 22.7% |
| Held alone | 84 positions, 18.3% | 0 positions, 0.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In VDE | In XLE | Counted |
|---|---|---|---|
| EXXON MOBIL CORP | 21.26% | 22.67% | 21.26% |
| CVXChevron Corp | 14.46% | 16.09% | 14.46% |
| COPConocoPhillips | 5.76% | 6.57% | 5.76% |
| WILLIAMS COS INC/THE | 3.63% | 5.03% | 3.63% |
| SLBSLB Ltd | 3.47% | 4.09% | 3.47% |
| MPCMarathon Petroleum Corp | 3.27% | 4.48% | 3.27% |
| VLOValero Energy Corp | 3.17% | 4.64% | 3.17% |
| EOGEOG Resources Inc | 3.05% | 4.15% | 3.05% |
| PSXPhillips 66 | 2.97% | 4.07% | 2.97% |
| BKRBaker Hughes Co | 2.64% | 3.30% | 2.64% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in VDE
Only in XLE
Nothing among its reported positions that the others do not also hold.
Questions people ask
Is VDE the same as XLE?
81.2% of their weight sits in the same 21 holdings. VDE also reports LNG, FTI, OVV, which the other does not. Among its reported positions, XLE holds nothing the other does not also hold.
How is the overlap between VDE and XLE measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of VDE and 100% of XLE, so the number cannot exceed the smaller coverage.
Which holds more, XLE or VDE?
VDE reports 105 stock positions and XLE reports 21. 18.3% of VDE's weight sits in names XLE does not hold, and 0.0% of XLE's weight in names VDE does not hold. The ten largest positions are 63.7% of VDE and 75.6% of XLE.
How do VDE and XLE differ by sector?
The widest gap is Technology: VDE has 1.7 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Other pairs with these funds
VDE against other funds in the table
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.