Data as of Oct 28, 2026.
VOE vs XLE: Differences, Returns & Fees
Over the year to Oct 28, 2026, VOE returned +22.8% to XLE's +61.2%; 13% of their weight is in the same names.
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Net assets: $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF, and $45.2bn on Oct 27, 2026 for State Street Energy Select Sector SPDR ETF.
Pair scorecard
VOE costs 0.03 points a year less; their one-year returns differ by 38.4 points; XLE is 1.7 times larger.
| Measure | VOE | XLE |
|---|---|---|
| Return | ||
| Total return, 1 year | +22.8% | +61.2% |
| Benchmark | ||
| What it tracks | Morningstar US Mid Cap Value Index | Energy Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.08% |
| Net assets, as of Sep 30, 2026 | $22.8bn | $39.1bn |
| Holdings | ||
| Holdings in common | 13% | |
| Top ten holdings, share of the fund | 14.0% | 78.1% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Sep 1, 2006 to Oct 23, 2026 · 1,051 weekly returnsVOE returned more: +515.4% to +346.5%. VOE swung less: 20.4% to 28.1%. VOE fell less at its worst: −61.2% to −68.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VOE | XLE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +515.4% | +346.5% | VOE | Price change plus distributions, reinvested. |
| Annualized | +9.4% | +7.7% | VOE | Total return as a yearly rate. |
| Price return | +301.7% | +145.4% | VOE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.4% | 28.1% | VOE | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.5% | 20.2% | VOE | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −61.2% | −68.9% | VOE | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.46 | 0.35 | VOE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.65 | 0.48 | VOE | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.11 | VOE | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,051 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VOE and XLE hold 13% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
13% in common
Only in one fund ↓
Side by side
VOE and XLE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VOE and XLE do different jobs. What does each one do in a portfolio?
- What each follows. VOE follows Morningstar US Mid Cap Value Index and XLE follows Energy Select Sector Index.
- Holdings in common. 13% of the weight is in the same securities (holdings dated Sep 30, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VOE returned +22.8% and XLE +61.2% with distributions reinvested, a gap of 38.4 points.
Data as of Oct 28, 2026.
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VOE
VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.
XLE
XLE tracks an index of Energy. Over the year to Oct 28, 2026 it returned +61.2% 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 22 positions, with the top ten at 78.1%.
Questions people ask
- Which returned more over the last year, VOE or XLE?
- In the year to Oct 28, 2026, with distributions reinvested, VOE returned +22.8% and XLE +61.2%.
- Which is cheaper, VOE or XLE?
- VOE is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, VOE against XLE, data as of Oct 28, 2026. https://etfiq.com/compare/any/voe-vs-xle
ETFIQ. (Oct 28, 2026). VOE against XLE. Retrieved from https://etfiq.com/compare/any/voe-vs-xle
[VOE against XLE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/voe-vs-xle)
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