Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
VNQ vs XLI: how they differ
VNQ and XLI hold 0% of their weight in the same names, and XLI returned more over the year.
Vanguard Real Estate Index Fund and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, VNQ and XLI hold 0% of their money in the same securities at the same weight.
| Only in VNQ | Only in XLI |
|---|---|
| Vanguard Real Estate II Index Fund 14.67% | CATERPILLAR INC 6.92% |
| Welltower Inc 7.86% | GENERAL ELECTRIC 6.32% |
| Prologis Inc 7.02% | RTX CORP 4.98% |
| Equinix Inc 5.66% | GE VERNOVA INC 4.64% |
| American Tower Corp 4.55% | DEERE + CO 3.18% |
| Digital Realty Trust Inc 3.67% | UNION PACIFIC CORP 3.17% |
| Simon Property Group Inc 3.54% | BOEING CO/THE 3.02% |
| Realty Income Corp 3.12% | EATON CORP PLC 2.97% |
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 | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | State Street |
| What it is | US real estate | Industrials |
| Total return, 1 year | +5.6% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −11.9 pts | −3.3 pts |
| Expense ratio | 0.13% | 0.08% |
| Already in the S&P 500 | 63.3% | 100.0% |
| Holdings | 146 | 85 |
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.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 85 positions, with the top ten at 40.2%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, VNQ or XLI?
- In the year to Sep 13, 2026, with distributions reinvested, VNQ returned +5.6% and XLI returned +14.3%, so XLI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VNQ or XLI?
- VNQ charges 0.13% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do VNQ and XLI overlap with the S&P 500?
- By their latest filed holdings, 63% of VNQ and 100% of XLI 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 XLI, data as of Sep 13, 2026. https://etfiq.com/compare/any/vnq-vs-xli Free to use with attribution; the underlying files are at Open data.
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