Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
VOO vs XLI: how they differ
VOO and XLI hold 0% of their weight in the same names, and VOO returned more over the year.
Vanguard 500 Index Fund and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, VOO and XLI hold 0% of their money in the same securities at the same weight.
| Only in VOO | Only in XLI |
|---|---|
| NVIDIA Corp 7.53% | CATERPILLAR INC 6.92% |
| Apple Inc 6.61% | GENERAL ELECTRIC 6.32% |
| Microsoft Corp 4.31% | RTX CORP 4.98% |
| Amazon.com Inc 3.63% | GE VERNOVA INC 4.64% |
| Alphabet Inc 3.26% | DEERE + CO 3.18% |
| Broadcom Inc 2.78% | UNION PACIFIC CORP 3.17% |
| Alphabet Inc 2.60% | BOEING CO/THE 3.02% |
| Micron Technology Inc 2.02% | 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 Jun 30, 2026 and Sep 10, 2026.
| VOO Vanguard 500 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 | S&P 500 | Industrials |
| Total return, 1 year | +17.6% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.1 pts | −3.3 pts |
| Expense ratio | 0.03% | 0.08% |
| Already in the S&P 500 | 100.0% | 100.0% |
| Holdings | 506 | 85 |
VOO in plain words
VOO is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 506 positions, with the top ten at 36.5%.
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, VOO or XLI?
- In the year to Sep 13, 2026, with distributions reinvested, VOO returned +17.6% and XLI returned +14.3%, so VOO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VOO or XLI?
- VOO charges 0.03% a year and XLI charges 0.08%, so VOO is cheaper. Fees come from each fund's prospectus.
- How much do VOO and XLI overlap with the S&P 500?
- By their latest filed holdings, 100% of VOO 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, VOO against XLI, data as of Sep 13, 2026. https://etfiq.com/compare/any/voo-vs-xli Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources