Data as of Oct 28, 2026.
VOO vs XLF: Differences, Returns & Fees
Over the year to Oct 28, 2026, VOO returned +13.7% to XLF's +7.6%; 11% of their weight is in the same names.
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Net assets: $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF, and $51.6bn on Oct 27, 2026 for State Street Financial Select Sector SPDR ETF.
Pair scorecard
VOO costs 0.05 points a year less; their one-year returns differ by 6.1 points; VOO is 19.6 times larger.
| Measure | VOO | XLF |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +7.6% |
| Drawdown | ||
| Below its high | 3.8%, high on Sep 3, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 Index | Financial Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.08% |
| Net assets, as of Sep 30, 2026 | $1.0tn | $51.0bn |
| Holdings | ||
| Holdings in common | 11% | |
| Top ten holdings, share of the fund | 39.1% | 57.4% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Sep 17, 2010 to Oct 23, 2026 · 840 weekly returnsVOO returned more: +804.0% to +529.3%. VOO swung less: 15.9% to 20.7%. VOO fell less at its worst: −31.8% to −39.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VOO | XLF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +804.0% | +529.3% | VOO | Price change plus distributions, reinvested. |
| Annualized | +14.6% | +12.1% | VOO | Total return as a yearly rate. |
| Price return | +575.9% | +282.6% | VOO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.9% | 20.7% | VOO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.9% | 14.2% | VOO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.8% | −39.3% | VOO | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.84 | 0.58 | VOO | Return above Treasury bills per unit of volatility. |
| Sortino | 1.22 | 0.84 | VOO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.46 | 0.31 | VOO | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VOO and XLF hold 11% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
11% in common
Only in one fund ↓
Side by side
VOO and XLF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VOO and XLF do different jobs. What does each one do in a portfolio?
- What each follows. VOO follows S&P 500 Index and XLF follows Financial Select Sector Index.
- Holdings in common. 11% 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 VOO returned +13.7% and XLF +7.6% with distributions reinvested, a gap of 6.1 points.
Data as of Oct 28, 2026.
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VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
XLF
XLF tracks an index of Financials. Over the year to Oct 28, 2026 it returned +7.6% 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 77 positions, with the top ten at 57.4%. It sat 3.8% below its high of Sep 3, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VOO or XLF?
- In the year to Oct 28, 2026, with distributions reinvested, VOO returned +13.7% and XLF +7.6%.
- Which is cheaper, VOO or XLF?
- VOO 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.
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.
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ETFIQ, VOO against XLF, data as of Oct 28, 2026. https://etfiq.com/compare/any/voo-vs-xlf
ETFIQ. (Oct 28, 2026). VOO against XLF. Retrieved from https://etfiq.com/compare/any/voo-vs-xlf
[VOO against XLF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/voo-vs-xlf)
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