Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VOE vs XLF: how they differ
VOE and XLF hold 14% of their weight in the same names, and VOE returned more over the year.
Vanguard Mid-Cap Value Index Fund and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, VOE and XLF hold 14% of their money in the same securities at the same weight.
| Holding | VOE | XLF |
|---|---|---|
| Allstate Corp/The | 1.06% | 0.81% |
| Arthur J Gallagher & Co | 1.02% | 0.78% |
| Aflac Inc | 0.93% | 0.71% |
| Fifth Third Bancorp | 0.89% | 0.67% |
| State Street Corp | 0.77% | 0.62% |
| Travelers Cos Inc/The | 0.61% | 0.93% |
| MetLife Inc | 0.80% | 0.60% |
| Ameriprise Financial Inc | 0.72% | 0.54% |
| Truist Financial Corp | 0.54% | 0.82% |
| American International Group Inc | 0.69% | 0.52% |
| Prudential Financial Inc | 0.65% | 0.49% |
| Hartford Financial Services Group Inc/Th | 0.63% | 0.48% |
| Only in VOE | Only in XLF |
|---|---|
| Cummins Inc 1.71% | Berkshire Hathaway Inc 12.10% |
| Valero Energy Corp 1.34% | JPMorgan Chase & Co 11.57% |
| Marathon Petroleum Corp 1.29% | Visa Inc 7.51% |
| CRH PLC 1.24% | Mastercard Inc 5.47% |
| United Rentals Inc 1.23% | Bank of America Corp 4.91% |
| General Motors Co 1.21% | Goldman Sachs Group Inc/The 3.94% |
| SLB Ltd 1.21% | Wells Fargo & Co 3.34% |
| Simon Property Group Inc 1.20% | Morgan Stanley 3.31% |
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.
| VOE Vanguard Mid-Cap Value Index Fund | XLF State Street(R) Financial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | State Street |
| What it is | Mid-Cap Value | Financials |
| Total return, 1 year | +20.2% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +2.7 pts | −9.9 pts |
| Expense ratio | 0.05% | 0.08% |
| Already in the S&P 500 | 96.6% | 100.0% |
| Holdings | 170 | 76 |
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% 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, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% 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 76 positions, with the top ten at 57.7%.
Questions people ask
- Which returned more over the last year, VOE or XLF?
- In the year to Sep 12, 2026, with distributions reinvested, VOE returned +20.2% and XLF returned +7.6%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VOE or XLF?
- VOE charges 0.05% a year and XLF charges 0.08%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do VOE and XLF overlap with the S&P 500?
- By their latest filed holdings, 97% of VOE and 100% of XLF by weight is stocks the S&P 500 already holds. Between the two funds, 14% 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, VOE against XLF, data as of Sep 12, 2026. https://etfiq.com/compare/any/VOE-XLF Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources