VOO vs XLV: how much do they overlap?
Vanguard S&P 500 ETF (VOO) · Health Care Select Sector SPDR ETF (XLV)
overlap by weight · 58 shared holdings
VOO: 504 holdings (as of 2026-03-31) · XLV: 61 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 XLV 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 XLV |
|---|---|---|---|
| Eli Lilly & Co | LLY | 1.3% | 16.41% |
| Johnson & Johnson | JNJ | 1.05% | 10.63% |
| AbbVie Inc | ABBV | 0.69% | 7.53% |
| Merck & Co Inc | MRK | 0.53% | 5.27% |
| UnitedHealth Group Inc | UNH | 0.44% | 6.68% |
| Amgen Inc | AMGN | 0.34% | 3.35% |
| Thermo Fisher Scientific Inc | TMO | 0.33% | 3.32% |
| Abbott Laboratories | ABT | 0.32% | 2.8% |
| Gilead Sciences Inc | GILD | 0.31% | 2.85% |
| Intuitive Surgical Inc | ISRG | 0.29% | 2.48% |
FAQ
How much do VOO and XLV overlap?
VOO and XLV have a 9.4% overlap by weight, sharing 58 holdings (out of 504 in VOO and 61 in XLV), based on official issuer holdings as of 2026-03-31.
What does 9.4% overlap mean?
VOO and XLV hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do VOO and XLV both hold?
The largest shared positions are Eli Lilly & Co, Johnson & Johnson, AbbVie Inc, Merck & Co Inc, UnitedHealth Group Inc. The full list of top shared holdings with weights in each fund is shown on this page.