VOO vs XLP ETF holdings comparison
Vanguard S&P 500 ETF (VOO) · Consumer Staples Select Sector SPDR ETF (XLP)
VOO and XLP overlap by 5.2% by portfolio weight. The remaining 94.8 percentage points are not counted as shared holdings weight by this calculation. They share 33 stocks; the largest shared position is Walmart Inc (WMT), contributing 0.97% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
VOO and XLP share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
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.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in VOO | in XLP |
|---|---|---|---|
| Walmart Inc | WMT | 0.97% | 9.69% |
| Costco Wholesale Corp | COST | 0.79% | 8.93% |
| Procter & Gamble Co/The | PG | 0.60% | 7.10% |
| Coca-Cola Co/The | KO | 0.53% | 7.44% |
| Philip Morris International Inc | PM | 0.46% | 6.34% |
| PepsiCo Inc | PEP | 0.38% | 4.38% |
| Altria Group Inc | MO | 0.20% | 4.14% |
| Mondelez International Inc | MDLZ | 0.13% | 4.36% |
| Colgate-Palmolive Co | CL | 0.12% | 4.51% |
| Target Corp | TGT | 0.10% | 4.65% |
Holdings only in VOO or XLP
VOO has 470 fund-only positions representing approximately 94.5 percentage points of reported exposure; XLP has 2 fund-only positions representing approximately 1.9 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in VOO
| Company | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 7.58% |
| Apple Inc | AAPL | 6.66% |
| Microsoft Corp | MSFT | 4.91% |
| Amazon.com Inc | AMZN | 3.64% |
| Alphabet Inc | GOOGL | 2.99% |
| Broadcom Inc | AVGO | 2.62% |
| Alphabet Inc | GOOG | 2.40% |
| Meta Platforms Inc | META | 2.24% |
| Tesla Inc | TSLA | 1.87% |
| Berkshire Hathaway Inc | BRK.B | 1.57% |
Largest positions only in XLP
| Company | Ticker | Weight |
|---|---|---|
| Casey S General Stores Inc | CASY | 1.91% |
| Xap Cons Staples Sep26 | IXRU6 | <0.01% |
FAQ
How much do VOO and XLP overlap?
VOO and XLP have 5.2% overlap by weight, sharing 33 equity positions (out of 503 in VOO and 35 in XLP). The official holdings files used are dated 2026-03-31 for VOO and 2026-08-25 for XLP.
What does 5.2% overlap mean?
VOO and XLP share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do VOO and XLP both hold?
The largest shared positions are Walmart Inc, Costco Wholesale Corp, Procter & Gamble Co/The, Coca-Cola Co/The, Philip Morris International Inc. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between VOO and XLP?
VOO has 470 positions not found in XLP, while XLP has 2 positions not found in VOO. The largest fund-only positions and their weights are shown on this page.