VNQ vs XLRE overlap - what they share and where they differ
VNQ and XLRE share 63.1% of their weight across 31 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.
VNQ and XLRE
63.1%
31 shared positions
VNQ
VANGUARD REAL ESTATE INDEX FUND
Reported positions cover 100% of the fund, 144 positions · Apr 30, 2026
Top 10: 54.7%·Holdings of VNQ
XLRE
State Street(R) Real Estate Select Sector SPDR(R) ETF
Reported positions cover 99% of the fund, 31 positions · Jun 30, 2026
Top 10: 59.1%·Holdings of XLRE
Reported positions cover VNQ 100%, XLRE 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLRE vs VNQ side by side
VNQVANGUARD REAL ESTATE INDEX FUND
144
stock positions reported to the SEC
36.6% of its weight is in 113 names XLRE does not hold
XLREState Street(R) Real Estate Select Sector SPDR(R) ETF
31
stock positions reported to the SEC
0.0% of its weight is in 0 names VNQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Real Estate: XLRE has 14.1 points more of it.
The figures side by side
| VNQ | XLRE | |
|---|---|---|
| Filing date | Apr 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 144 | 31 |
| Weight of the ten largest | 54.7% | 59.1% |
| Largest position | VANGUARD REAL ESTATE II INDEX FUND 14.6% | WELL 11.0% |
| Held alone | 113 positions, 36.6% | 0 positions, 0.0% |
| Covered by stock positions | 100% | 99% |
Holdings they share
| Stock | In VNQ | In XLRE | Counted |
|---|---|---|---|
| WELLWelltower Inc | 7.84% | 11.01% | 7.84% |
| PLDPrologis Inc | 7.00% | 8.68% | 7.00% |
| EQIXEquinix Inc | 5.64% | 7.06% | 5.64% |
| AMTAmerican Tower Corp | 4.54% | 5.23% | 4.54% |
| DLRDigital Realty Trust Inc | 3.66% | 4.53% | 3.66% |
| SPGSimon Property Group Inc | 3.53% | 4.98% | 3.53% |
| ORealty Income Corp | 3.11% | 4.55% | 3.11% |
| PSAPublic Storage | 2.54% | 4.48% | 2.54% |
| CBRECBRE Group Inc | 2.25% | 4.08% | 2.25% |
| VTRVentas Inc | 2.19% | 4.47% | 2.19% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in VNQ
Only in XLRE
Nothing among its reported positions that the others do not also hold.
Questions people ask
Is VNQ the same as XLRE?
63.1% of their weight sits in the same 31 holdings. VNQ also reports VANGUARD REAL ESTATE II INDEX FUND, WP CAREY INC, SUI, which the other does not. Among its reported positions, XLRE holds nothing the other does not also hold.
How is the overlap between VNQ and XLRE 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 VNQ and 99% of XLRE, so the number cannot exceed the smaller coverage.
Which holds more, XLRE or VNQ?
VNQ reports 144 stock positions and XLRE reports 31. 36.6% of VNQ's weight sits in names XLRE does not hold, and 0.0% of XLRE's weight in names VNQ does not hold. The ten largest positions are 54.7% of VNQ and 59.1% of XLRE.
How do VNQ and XLRE differ by sector?
The widest gap is Real Estate: XLRE has 14.1 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.
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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.