Data as of Oct 28, 2026.

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VO vs XLP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VO returned +12.8% to XLP's +13.8%; 5% 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 $14.6bn on Oct 27, 2026 for State Street Consumer Staples Select Sector SPDR ETF.

At a glance
+12.8%
VO total return, 1 year
+13.8%
XLP total return, 1 year
0.03%
VO expense ratio
0.08%
XLP expense ratio

Pair scorecard

VO costs 0.05 points a year less; their one-year returns differ by 1.0 point; VO is 7.7 times larger.

VO vs XLP: Differences, Returns & Fees
MeasureVOXLP
Return
Total return, 1 year+12.8%+13.8%
Drawdown
Below its high3.1%, high on Aug 14, 20263.5%, high on Oct 22, 2026
Benchmark
What it tracksMorningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)Consumer Staples Select Sector Index
Cost and size
Expense ratio0.03%0.08%
Net assets, as of Sep 30, 2026$103.4bn$13.4bn
Holdings
Holdings in common5%
Top ten holdings, share of the fund9.7%62.9%

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

What they share

5%

By the books each fund has filed, VO and XLP hold 5% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

5% in common

Positions both hold · largest shared weight first VO XLP
Target Corp 0.70% 3.94%
Keurig Dr Pepper Inc 0.39% 2.83%
Archer-Daniels-Midland Co 0.38% 2.25%
Sysco Corp 0.37% 2.35%
Kroger Co 0.34% 2.24%
Colgate-Palmolive Co 0.34% 4.39%
Kenvue Inc 0.34% 2.23%
Kimberly-Clark Corp 0.32% 2.17%
Dollar General Corp 0.26% 1.67%
Hershey Co 0.23% 1.44%
Estee Lauder Cos Inc 0.23% 1.60%
Church & Dwight Co Inc 0.22% 1.49%
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 XLP
WALMART INC 11.05%
COSTCO WHOLESALE CORP 9.14%
PROCTER + GAMBLE CO 7.69%
COCA COLA CO 7.34%
PHILIP MORRIS INTERNATIONAL 6.56%
ALTRIA GROUP INC 4.54%
MONDELEZ INTERNATIONAL INC A 4.19%
PEPSICO INC 4.10%
Check overlap with more funds →

Side by side

VO Vanguard Morningstar Mid-Cap ETF XLP State Street Consumer Staples Select Sector SPDR ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Mid-Cap Tracks an index of Consumer staples
Total return, 1 year +12.8% +13.8%
Expense ratio 0.03% 0.08%
Already in the S&P 500 91.1% 99.6%
Holdings 273 36
Net assets, VO as of Sep 30, 2026 and XLP as of Oct 27, 2026 $103.4bn $14.6bn

VO and XLP 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.

XLP

XLP tracks an index of Consumer staples. Over the year to Oct 28, 2026 it returned +13.8% 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 36 positions, with the top ten at 62.9%. It sat 3.5% below its high of Oct 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VO or XLP?
In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and XLP +13.8%.
Which is cheaper, VO or XLP?
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 XLP overlap with the S&P 500?
By their latest filed holdings, 91% of VO and 100% of XLP by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, VO against XLP, data as of Oct 28, 2026. https://etfiq.com/compare/any/vo-vs-xlp

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