Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VBR vs XLI: how they differ
VBR and XLI hold 4% of their weight in the same names, and VBR returned more over the year.
Vanguard Small-Cap Value Index Fund and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, VBR and XLI hold 4% of their money in the same securities at the same weight.
| Holding | VBR | XLI |
|---|---|---|
| EMCOR Group Inc | 0.40% | 0.64% |
| CH Robinson Worldwide Inc | 0.45% | 0.39% |
| JB Hunt Transport Services Inc | 0.47% | 0.38% |
| IDEX Corp | 0.36% | 0.29% |
| Masco Corp | 0.35% | 0.29% |
| Fedex Freight Holding Co Inc | 0.35% | 0.28% |
| Textron Inc | 0.34% | 0.28% |
| Jacobs Solutions Inc | 0.32% | 0.26% |
| Stanley Black & Decker Inc | 0.31% | 0.25% |
| Leidos Holdings Inc | 0.28% | 0.23% |
| Fortive Corp | 0.20% | 0.32% |
| Huntington Ingalls Industries Inc | 0.24% | 0.19% |
| Only in VBR | Only in XLI |
|---|---|
| Jabil Inc 0.87% | Caterpillar Inc 8.52% |
| NRG Energy Inc 0.66% | General Electric Co 6.77% |
| Tapestry Inc 0.64% | GE Vernova Inc 5.48% |
| Atmos Energy Corp 0.62% | RTX Corp 4.44% |
| Williams-Sonoma Inc 0.59% | Boeing Co/The 2.96% |
| Moderna Inc 0.54% | Eaton Corp PLC 2.87% |
| Smurfit Westrock PLC 0.52% | Union Pacific Corp 2.81% |
| F5 Inc 0.50% | Deere & Co 2.77% |
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.
| VBR Vanguard Small-Cap Value Index Fund | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | State Street |
| What it is | Small-Cap Value | Industrials |
| Total return, 1 year | +16.3% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.2 pts | −3.3 pts |
| Expense ratio | 0.05% | 0.08% |
| Already in the S&P 500 | 30.5% | 100.0% |
| Holdings | 840 | 81 |
VBR in plain words
VBR is an index equity fund tracking the Small-Cap Value. Over the year to Sep 11, 2026 it returned +16.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 840 positions, with the top ten at 5.9%. It sat 3.8% below its high of Aug 14, 2026 on Sep 11, 2026.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, VBR or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and XLI returned +14.3%, so VBR returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VBR or XLI?
- VBR charges 0.05% a year and XLI charges 0.08%, so VBR is cheaper. Fees come from each fund's prospectus.
- How much do VBR and XLI overlap with the S&P 500?
- By their latest filed holdings, 30% of VBR and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 4% of their books are the same securities at the same weight.
Other comparisons
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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, VBR against XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/VBR-XLI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources