VOO vs XLE: how much do they overlap?
Vanguard S&P 500 ETF (VOO) · Energy Select Sector SPDR ETF (XLE)
overlap by weight · 20 shared holdings
VOO: 504 holdings (as of 2026-03-31) · XLE: 21 holdings (as of 09-Jul-2026)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
VOO and XLE hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in VOO | in XLE |
|---|---|---|---|
| Chevron Corp | CVX | 0.69% | 14.67% |
| ConocoPhillips | COP | 0.29% | 5.92% |
| Williams Cos Inc/The | WMB | 0.16% | 4.43% |
| EOG Resources Inc | EOG | 0.14% | 4.44% |
| SLB Ltd | SLB | 0.14% | 4.47% |
| Valero Energy Corp | VLO | 0.13% | 4.64% |
| Phillips 66 | PSX | 0.13% | 4.79% |
| Marathon Petroleum Corp | MPC | 0.13% | 4.8% |
| Kinder Morgan Inc | KMI | 0.12% | 4.28% |
| Baker Hughes Co | BKR | 0.11% | 3.83% |
FAQ
How much do VOO and XLE overlap?
VOO and XLE have a 2.7% overlap by weight, sharing 20 holdings (out of 504 in VOO and 21 in XLE), based on official issuer holdings as of 2026-03-31.
What does 2.7% overlap mean?
VOO and XLE hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do VOO and XLE both hold?
The largest shared positions are Chevron Corp, ConocoPhillips, Williams Cos Inc/The, EOG Resources Inc, SLB Ltd. The full list of top shared holdings with weights in each fund is shown on this page.