VOE vs XLU overlap - what they share and where they differ
VOE and XLU share 12.6% 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.
VOE and XLU
12.6%
21 shared positions
VOE
VANGUARD MID-CAP VALUE INDEX FUND
Reported positions cover 99% of the fund, 168 positions · Jun 30, 2026
Top 10: 12.6%·Holdings of VOE
XLU
State Street(R) Utilities Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 31 positions · Jun 30, 2026
Top 10: 57.5%·Holdings of XLU
Reported positions cover VOE 99%, XLU 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLU vs VOE side by side
VOEVANGUARD MID-CAP VALUE INDEX FUND
168
stock positions reported to the SEC
86.9% of its weight is in 147 names XLU does not hold
XLUState Street(R) Utilities Select Sector SPDR(R) ETF
31
stock positions reported to the SEC
43.8% of its weight is in 10 names VOE does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Utilities: XLU has 76.5 points more of it.
The figures side by side
| VOE | XLU | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 168 | 31 |
| Weight of the ten largest | 12.6% | 57.5% |
| Largest position | CMI 1.7% | NEE 12.9% |
| Held alone | 147 positions, 86.9% | 10 positions, 43.8% |
| Covered by stock positions | 99% | 100% |
Holdings they share
| Stock | In VOE | In XLU | Counted |
|---|---|---|---|
| SEMPRA | 1.05% | 4.27% | 1.05% |
| DDominion Energy Inc | 1.04% | 4.23% | 1.04% |
| ETREntergy Corp | 0.95% | 3.70% | 0.95% |
| XELXcel Energy Inc | 0.86% | 3.53% | 0.86% |
| EXCExelon Corp | 0.82% | 3.36% | 0.82% |
| EDConsolidated Edison Inc | 0.70% | 2.87% | 0.70% |
| PEGPublic Service Enterprise Group Inc | 0.70% | 2.85% | 0.70% |
| WECWEC Energy Group Inc | 0.66% | 2.68% | 0.66% |
| AEPAmerican Electric Power Co Inc | 0.64% | 5.24% | 0.64% |
| PG&E CORP | 0.62% | 2.61% | 0.62% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in VOE
Only in XLU
Questions people ask
Is VOE the same as XLU?
12.6% of their weight sits in the same 21 holdings. VOE also reports CMI, VLO, MPC, which the other does not. XLU also reports NEE, SO, DUK, which the other does not.
How is the overlap between VOE and XLU measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 99% of VOE and 100% of XLU, so the number cannot exceed the smaller coverage.
Which holds more, XLU or VOE?
VOE reports 168 stock positions and XLU reports 31. 86.9% of VOE's weight sits in names XLU does not hold, and 43.8% of XLU's weight in names VOE does not hold. The ten largest positions are 12.6% of VOE and 57.5% of XLU.
How do VOE and XLU differ by sector?
The widest gap is Utilities: XLU has 76.5 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
XLU 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.