etf overlap · little overlap
VT vs XLU overlap
1.0% of VT and XLU is the same money, spread over 31 companies both funds hold.
Holdings as of September 30, 2026 · source: Vanguard (VT), SPDR (XLU) · How we measured all 1,035 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
AMZNAmazon.com Inc2.05%Every XLU holding is also in the other fund.
Where each fund puts its money
VT and XLU: what people ask
How much do VT and XLU overlap?
1.0% by weight, as of September 30, 2026: little overlap. 31 companies appear in both funds; they make up 1.0% of VT and 100% of XLU.
Which stocks do VT and XLU both hold?
The largest shared positions are NEE, SO, DUK, CEG and AEP. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VT and XLU?
Out of every $100 split evenly between them, about $1 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 10,124 names only in VT, 0 only in XLU. Half in each behaves like 67 equally weighted stocks, against 128 for VT alone and 20 for XLU alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files Vanguard and SPDR publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.