Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPY vs VDE: how they differ
SPY and VDE hold 3% of their weight in the same names, and VDE returned more over the year.
SPDR S&P 500 ETF Trust and Vanguard Energy Index Fund.
What they hold in common
By the books each fund has filed, SPY and VDE hold 3% of their money in the same securities at the same weight.
| Holding | SPY | VDE |
|---|---|---|
| Exxon Mobil Corp. | 0.88% | 21.37% |
| Chevron Corp. | 0.48% | 14.53% |
| ConocoPhillips | 0.20% | 5.79% |
| Williams Cos., Inc. (The) | 0.14% | 3.65% |
| Valero Energy Corp. | 0.12% | 3.19% |
| Marathon Petroleum Corp. | 0.12% | 3.29% |
| SLB Ltd. | 0.11% | 3.49% |
| EOG Resources, Inc. | 0.11% | 3.06% |
| Phillips 66 | 0.10% | 2.98% |
| Kinder Morgan, Inc. | 0.10% | 2.61% |
| Targa Resources Corp. | 0.09% | 2.31% |
| Baker Hughes Co. | 0.09% | 2.65% |
| Only in SPY | Only in VDE |
|---|---|
| NVIDIA Corp. 7.52% | Cheniere Energy Inc 2.07% |
| Apple, Inc. 6.59% | TechnipFMC PLC 1.23% |
| Microsoft Corp. 4.30% | Ovintiv Inc 0.70% |
| Amazon.com, Inc. 3.62% | DT Midstream Inc 0.63% |
| Alphabet, Inc. 3.25% | Prc Newco Inc 0.60% |
| Broadcom, Inc. 2.77% | HF Sinclair Corp 0.50% |
| Alphabet, Inc. 2.59% | Antero Resources Corp 0.47% |
| Micron Technology, Inc. 2.02% | Range Resources Corp 0.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and May 31, 2026.
| SPY SPDR S&P 500 ETF Trust | VDE Vanguard Energy Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | Vanguard |
| What it is | S&P 500, book from IVV | Energy |
| Total return, 1 year | +17.5% | +50.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | 0.0 pts | +33.1 pts |
| Expense ratio | 0.09% | 0.09% |
| Already in the S&P 500 | 100.0% | 81.6% |
| Holdings | 504 | 105 |
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
VDE in plain words
VDE is an index equity fund tracking the Energy. Over the year to Sep 11, 2026 it returned +50.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for May 31, 2026, 82% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 64.0%.
Questions people ask
- Which returned more over the last year, SPY or VDE?
- In the year to Sep 12, 2026, with distributions reinvested, SPY returned +17.5% and VDE returned +50.6%, so VDE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPY or VDE?
- SPY charges 0.09% a year and VDE charges 0.09%, so VDE is cheaper. Fees come from each fund's prospectus.
- How much do SPY and VDE overlap with the S&P 500?
- By their latest filed holdings, 100% of SPY and 82% of VDE by weight is stocks the S&P 500 already holds. Between the two funds, 3% of their books are the same securities at the same weight.
Other comparisons
Where to next
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, SPY against VDE, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPY-VDE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources