VPU vs XLU overlap - what they share and where they differ
VPU and XLU share 89.5% 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.
VPU and XLU
89.5%
31 shared positions
VPU
VANGUARD UTILITIES INDEX FUND
Reported positions cover 100% of the fund, 65 positions · May 31, 2026
Top 10: 52.6%·Holdings of VPU
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 VPU 100%, 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 VPU side by side
VPUVANGUARD UTILITIES INDEX FUND
65
stock positions reported to the SEC
9.8% of its weight is in 34 names XLU does not hold
XLUState Street(R) Utilities Select Sector SPDR(R) ETF
31
stock positions reported to the SEC
0.0% of its weight is in 0 names VPU does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Energy: VPU has 1.0 points more of it.
The figures side by side
| VPU | XLU | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 65 | 31 |
| Weight of the ten largest | 52.6% | 57.5% |
| Largest position | NEE 11.9% | NEE 12.9% |
| Held alone | 34 positions, 9.8% | 0 positions, 0.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In VPU | In XLU | Counted |
|---|---|---|---|
| NEENextEra Energy Partners LP | 11.86% | 12.89% | 11.86% |
| SOSouthern Co/The | 6.67% | 7.60% | 6.67% |
| DUKDuke Energy Corp | 6.28% | 6.95% | 6.28% |
| CEGConstellation Energy Corp | 5.83% | 5.59% | 5.59% |
| AEPAmerican Electric Power Co Inc | 4.45% | 5.24% | 4.45% |
| SEMPRA | 3.83% | 4.27% | 3.83% |
| DDominion Energy Inc | 3.76% | 4.23% | 3.76% |
| VSTVistra Corp | 3.57% | 3.54% | 3.54% |
| ETREntergy Corp | 3.21% | 3.70% | 3.21% |
| XELXcel Energy Inc | 3.09% | 3.53% | 3.09% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in VPU
Only in XLU
Nothing among its reported positions that the others do not also hold.
Questions people ask
Is VPU the same as XLU?
89.5% of their weight sits in the same 31 holdings. VPU also reports TLN, WTRG, OGE, which the other does not. Among its reported positions, XLU holds nothing the other does not also hold.
How is the overlap between VPU 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 100% of VPU and 100% of XLU, so the number cannot exceed the smaller coverage.
Which holds more, XLU or VPU?
VPU reports 65 stock positions and XLU reports 31. 9.8% of VPU's weight sits in names XLU does not hold, and 0.0% of XLU's weight in names VPU does not hold. The ten largest positions are 52.6% of VPU and 57.5% of XLU.
How do VPU and XLU differ by sector?
The widest gap is Energy: VPU has 1.0 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.
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.