Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
VOO vs XAR
Vanguard 500 Index Fund and State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF.
What they hold in common
By the books each fund has filed, VOO and XAR hold 2% of their money in the same securities at the same weight.
| Holding | VOO | XAR |
|---|---|---|
| General Electric Co | 0.61% | 3.02% |
| RTX Corp | 0.40% | 2.75% |
| Boeing Co/The | 0.27% | 2.67% |
| Howmet Aerospace Inc | 0.17% | 2.77% |
| Lockheed Martin Corp | 0.16% | 2.50% |
| General Dynamics Corp | 0.14% | 2.67% |
| TransDigm Group Inc | 0.12% | 2.83% |
| Northrop Grumman Corp | 0.11% | 2.42% |
| L3Harris Technologies Inc | 0.08% | 2.47% |
| Axon Enterprise Inc | 0.07% | 3.23% |
| Textron Inc | 0.03% | 2.59% |
| Huntington Ingalls Industries Inc | 0.02% | 2.49% |
| Only in VOO | Only in XAR |
|---|---|
| NVIDIA Corp 7.53% | VSE Corp 3.40% |
| Apple Inc 6.61% | StandardAero Inc 3.11% |
| Microsoft Corp 4.31% | FTAI Aviation Ltd 3.09% |
| Amazon.com Inc 3.63% | Carpenter Technology Corp 3.04% |
| Alphabet Inc 3.26% | Woodward Inc 2.98% |
| Broadcom Inc 2.78% | HEICO Corp 2.86% |
| Alphabet Inc 2.60% | Moog Inc 2.86% |
| Micron Technology Inc 2.02% | Hexcel Corp 2.81% |
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 as filed for Jun 30, 2026.
| VOO Vanguard 500 Index Fund | XAR State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF | |
|---|---|---|
| Where it sits | Core fund | Themes desk |
| Issuer | Vanguard | State Street |
| What it is | S&P 500 | Defense |
| Total return, 1 year | +20.1% | +17.9% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | +0.1 pts | −2.1 pts |
| Expense ratio | 0.03% | 0.35% |
| Already in the S&P 500 | 100.0% | 32.4% |
| Holdings | 506 | 48 |
VOO in plain words
VOO is a index equity fund tracking S&P 500. Over the year to Sep 4, 2026 it returned +20.1% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.03% 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 506 positions, with the top ten at 36.5%.
XAR in plain words
By weight, 32% of XAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 30% of the fund across 48 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +17.9% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 2.1 pts. It sits 14.8% below its all-time high of Aug 14, 2026.
Questions people ask
- Which returned more over the last year, VOO or XAR?
- In the year to Sep 4, 2026, with distributions reinvested, VOO returned +20.1% and XAR returned +17.9%, so VOO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VOO or XAR?
- VOO charges 0.03% a year and XAR charges 0.35%, so VOO is cheaper. Fees come from each fund's prospectus.
- How much do VOO and XAR overlap with the S&P 500?
- By their latest filed holdings, 100% of VOO and 32% of XAR by weight is stocks the S&P 500 already holds. Between the two funds, 2% of their books are the same securities at the same weight.
- Are VOO and XAR the same kind of fund?
- No. VOO is an index ETF and XAR is a thematic ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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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, VOO against XAR, data as of Sep 4, 2026. https://etfiq.com/compare/any/VOO-XAR.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources