Which returned more over the last year, VBR or XLV?

In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and XLV returned +20.4%, so XLV returned more. One year is one year; the longer windows are in the table.

Which is cheaper, VBR or XLV?

VBR charges 0.05% a year and XLV charges 0.08%, so VBR is cheaper. Fees come from each fund's prospectus.

How much do VBR and XLV overlap with the S&P 500?

By their latest filed holdings, 30% of VBR and 100% of XLV 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.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

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VBR vs XLV: how they differ

VBR and XLV hold 3% of their weight in the same names, and XLV returned more over the year.

Vanguard Small-Cap Value Index Fund and State Street(R) Health Care Select Sector SPDR(R) ETF.

What they hold in common

By the books each fund has filed, VBR and XLV hold 3% of their money in the same securities at the same weight.

Positions VBR and XLV both hold, largest shared weight first
Holding	VBR	XLV
Moderna Inc	0.54%	0.43%
Centene Corp	0.34%	0.53%
Viatris Inc	0.40%	0.32%
Cooper Cos Inc/The	0.30%	0.24%
Revvity Inc	0.27%	0.22%
Solventum Corp	0.24%	0.20%
Align Technology Inc	0.25%	0.20%
Baxter International Inc	0.24%	0.19%
Charles River Laboratories International	0.23%	0.19%
Zimmer Biomet Holdings Inc	0.18%	0.29%
Henry Schein Inc	0.17%	0.14%
Universal Health Services Inc	0.16%	0.14%

Largest positions each one holds and the other does not
Only in VBR	Only in XLV
Jabil Inc 0.87%	Eli Lilly & Co 16.56%
NRG Energy Inc 0.66%	Johnson & Johnson 10.67%
Tapestry Inc 0.64%	AbbVie Inc 7.76%
Atmos Energy Corp 0.62%	UnitedHealth Group Inc 6.59%
Williams-Sonoma Inc 0.59%	Merck & Co Inc 5.54%
Smurfit Westrock PLC 0.52%	Amgen Inc 3.41%
F5 Inc 0.50%	Thermo Fisher Scientific Inc 3.25%
US Foods Holding Corp 0.48%	Abbott Laboratories 2.76%

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 and XLV on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	VBR Vanguard Small-Cap Value Index Fund	XLV State Street(R) Health Care Select Sector SPDR(R) ETF
Where it sits	Core index fund	Core index fund
Issuer	Vanguard	State Street
What it is	Small-Cap Value	Health care
Total return, 1 year	+16.3%	+20.4%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−1.2 pts	+2.9 pts
Expense ratio	0.05%	0.08%
Already in the S&P 500	30.5%	100.0%
Holdings	840	59

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.

XLV in plain words

XLV is an index equity fund tracking the Health care. Over the year to Sep 11, 2026 it returned +20.4% 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 59 positions, with the top ten at 61.7%. It sat 5.9% below its high of Aug 19, 2026 on Sep 11, 2026.

Questions people ask

Which returned more over the last year, VBR or XLV?: In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and XLV returned +20.4%, so XLV returned more. One year is one year; the longer windows are in the table.
Which is cheaper, VBR or XLV?: VBR charges 0.05% a year and XLV charges 0.08%, so VBR is cheaper. Fees come from each fund's prospectus.
How much do VBR and XLV overlap with the S&P 500?: By their latest filed holdings, 30% of VBR and 100% of XLV 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.

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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.

VBR against XLV, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, VBR against XLV, data as of Sep 12, 2026. https://etfiq.com/compare/any/VBR-XLV Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources