Data as of Oct 28, 2026.

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VO vs XLC: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VO returned +12.8% to XLC's −10.4%; 1% of their weight is in the same names.

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Net assets: $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF, and $22.1bn on Oct 27, 2026 for State Street Communication Services Select Sector SPDR ETF.

At a glance
+12.8%
VO total return, 1 year
−10.4%
XLC total return, 1 year
0.03%
VO expense ratio
0.08%
XLC expense ratio

Pair scorecard

VO costs 0.05 points a year less; their one-year returns differ by 23.2 points; VO is 4.6 times larger.

VO vs XLC: Differences, Returns & Fees
MeasureVOXLC
Return
Total return, 1 year+12.8%−10.4%
Drawdown
Below its high3.1%, high on Aug 14, 202613.3%, high on Jan 30, 2026
Benchmark
What it tracksMorningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)Communication Services Select Sector Index
Cost and size
Expense ratio0.03%0.08%
Net assets, as of Sep 30, 2026$103.4bn$22.5bn
Holdings
Holdings in common1%
Top ten holdings, share of the fund9.7%75.3%

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

What they share

1%

By the books each fund has filed, VO and XLC hold 1% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first VO XLC
Take-Two Interactive Software Inc 0.38% 4.80%
Live Nation Entertainment Inc 0.28% 3.87%
Reddit Inc 0.20% 2.83%
Fox Corp 0.11% 1.83%
Fox Corp 0.07% 1.09%
Charter Communications Inc 0.06% 1.66%
TKO Group Holdings Inc 0.05% 1.47%
Only in one fund ↓
Only in VO
Cloudflare Inc 1.11%
Valero Energy Corp 1.10%
Marathon Petroleum Corp 1.10%
Phillips 66 1.01%
Quanta Services Inc 0.95%
Vertiv Holdings Co 0.92%
Datadog Inc 0.91%
Howmet Aerospace Inc 0.89%
Only in XLC
META PLATFORMS INC CLASS A 21.45%
ALPHABET INC CL A 12.27%
ALPHABET INC CL C 9.82%
WALT DISNEY CO 5.33%
COMCAST CORP CLASS A 4.48%
VERIZON COMMUNICATIONS INC 4.45%
APPLOVIN CORP CLASS A 4.34%
AT+T INC 4.20%
Check overlap with more funds →

Side by side

VO Vanguard Morningstar Mid-Cap ETF XLC State Street Communication Services Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Mid-Cap Tracks an index of Communication services
Total return, 1 year +12.8% −10.4%
Expense ratio 0.03% 0.08%
Already in the S&P 500 91.1% 99.8%
Holdings 273 23
Net assets, VO as of Sep 30, 2026 and XLC as of Oct 27, 2026 $103.4bn $22.1bn

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

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About each fund
VO

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

XLC

XLC tracks an index of Communication services. Over the year to Oct 28, 2026 it returned −10.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 23 positions, with the top ten at 75.3%. It sat 13.3% below its high of Jan 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VO or XLC?
In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and XLC −10.4%.
Which is cheaper, VO or XLC?
VO is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VO and XLC overlap with the S&P 500?
By their latest filed holdings, 91% of VO and 100% of XLC by weight is stocks the S&P 500 already holds.
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ETFIQ, VO against XLC, data as of Oct 28, 2026. https://etfiq.com/compare/any/vo-vs-xlc

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