Data as of Oct 28, 2026.

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VNQ vs XLG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VNQ returned +4.8% to XLG's +6.4%; 0% of their weight is in the same names.

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Net assets: $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF, and $11.9bn on Oct 27, 2026 for Invesco S&P 500 Top 50 ETF.

At a glance
+4.8%
VNQ total return, 1 year
+6.4%
XLG total return, 1 year
0.13%
VNQ expense ratio
0.20%
XLG expense ratio

Pair scorecard

VNQ costs 0.07 points a year less; their one-year returns differ by 1.6 points.

VNQ vs XLG: Differences, Returns & Fees
MeasureVNQXLG
Return
Total return, 1 year+4.8%+6.4%
Drawdown
Below its high8.3%, high on Jul 28, 2026
Benchmark
What it tracksMSCI US Investable Market Real Estate 25/50 IndexS&P 500 Top 50 Index
Cost and size
Expense ratio0.13%0.20%
Net assets, VNQ as of Sep 30, 2026 and XLG as of Oct 27, 2026$35.9bn$11.9bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund55.8%60.3%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, VNQ and XLG hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VNQ XLG
Only in one fund ↓
Only in VNQ
Vanguard Real Estate II Index Fund 14.51%
Welltower Inc 9.12%
Prologis Inc 6.86%
Equinix Inc 5.65%
American Tower Corp 4.32%
Simon Property Group Inc 3.69%
Digital Realty Trust Inc 3.68%
Realty Income Corp 2.85%
Only in XLG
NVIDIA Corp 12.54%
Apple Inc 12.04%
Microsoft Corp 9.38%
Amazon.com Inc 5.91%
Alphabet Inc 4.47%
Broadcom Inc 3.87%
Alphabet Inc 3.58%
Meta Platforms Inc 3.25%
Check overlap with more funds →

Side by side

VNQ Vanguard Real Estate ETF XLG Invesco S&P 500 Top 50 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of US real estate Tracks the S&P 500 top 50
Total return, 1 year +4.8% +6.4%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured −7.3 pts vs IVV
Expense ratio 0.13% 0.20%
Already in the S&P 500 62.8% 98.4%
Holdings 141 53
Net assets, VNQ as of Sep 30, 2026 and XLG as of Oct 27, 2026 $35.9bn $11.9bn

VNQ and XLG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
VNQ

VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.

XLG

XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.

Questions people ask

Which returned more over the last year, VNQ or XLG?
In the year to Oct 28, 2026, with distributions reinvested, VNQ returned +4.8% and XLG +6.4%.
Which is cheaper, VNQ or XLG?
VNQ is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VNQ and XLG overlap with the S&P 500?
By their latest filed holdings, 63% of VNQ and 98% of XLG by weight is stocks the S&P 500 already holds.
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ETFIQ, VNQ against XLG, data as of Oct 28, 2026. https://etfiq.com/compare/any/vnq-vs-xlg

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