Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
VNQ vs XLF: how they differ
VNQ and XLF hold 0% of their weight in the same names, and XLF returned more over the year.
Vanguard Real Estate Index Fund and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, VNQ and XLF hold 0% of their money in the same securities at the same weight.
| Only in VNQ | Only in XLF |
|---|---|
| Vanguard Real Estate II Index Fund 14.67% | JPMORGAN CHASE + CO 11.81% |
| Welltower Inc 7.86% | BERKSHIRE HATHAWAY INC CL B 11.59% |
| Prologis Inc 7.02% | VISA INC CLASS A SHARES 7.60% |
| Equinix Inc 5.66% | MASTERCARD INC A 5.69% |
| American Tower Corp 4.55% | BANK OF AMERICA CORP 5.09% |
| Digital Realty Trust Inc 3.67% | GOLDMAN SACHS GROUP INC 3.75% |
| Simon Property Group Inc 3.54% | WELLS FARGO + CO 3.41% |
| Realty Income Corp 3.12% | MORGAN STANLEY 3.18% |
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 Apr 30, 2026 and Sep 10, 2026.
| VNQ Vanguard Real Estate 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 | US real estate | Financials |
| Total return, 1 year | +5.6% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −11.9 pts | −9.9 pts |
| Expense ratio | 0.13% | 0.08% |
| Already in the S&P 500 | 63.3% | 100.0% |
| Holdings | 146 | 79 |
VNQ in plain words
VNQ is an index equity fund tracking the US real estate. Over the year to Sep 11, 2026 it returned +5.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for Apr 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 54.9%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.
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 Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 57.3%.
Questions people ask
- Which returned more over the last year, VNQ or XLF?
- In the year to Sep 13, 2026, with distributions reinvested, VNQ returned +5.6% and XLF returned +7.6%, so XLF returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VNQ or XLF?
- VNQ charges 0.13% a year and XLF charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do VNQ and XLF overlap with the S&P 500?
- By their latest filed holdings, 63% of VNQ and 100% of XLF by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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.
Cite this page. ETFIQ, VNQ against XLF, data as of Sep 13, 2026. https://etfiq.com/compare/any/vnq-vs-xlf Free to use with attribution; the underlying files are at Open data.
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