VTI vs XLE Overlap
VTI is a total-market U.S. equity ETF from Vanguard, while XLE is an energy sector ETF from SPDR. VTI and XLE show limited overlap, with an estimated weighted overlap of 2.82%. They share 22 holdings in the loaded dataset, led by XOM, CVX, and COP.
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Quick Answer
VTI is a total-market U.S. equity ETF from Vanguard, while XLE is an energy sector ETF from SPDR. VTI and XLE show limited overlap, with an estimated weighted overlap of 2.82%. They share 22 holdings in the loaded dataset, led by XOM, CVX, and COP.
- 2.82% weighted overlap across 22 shared holdings.
- The top three shared holdings explain 56.6% of the measured overlap.
- VTI is the broader fund, while XLE is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- VTI holdings
- Mar 12, 2026
- XLE holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
VTI is a total-market U.S. equity ETF from Vanguard, while XLE is an energy sector ETF from SPDR. VTI and XLE do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like XOM, CVX, and COP.
How They Differ
VTI is a total-market U.S. equity ETF from Vanguard, while XLE is an energy sector ETF from SPDR. VTI is the broader fund, while XLE is the more targeted sleeve. VTI has the lower expense ratio, while XLE charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 56.6% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
If you want the broader portfolio building block, VTI is usually the wider choice. If you want the more focused tilt, XLE is the narrower expression. VTI has the lower expense ratio, while XLE charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 56.6% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between VTI and XLE.
| Holding | Name | VTI Wt. | XLE Wt. | Overlap |
|---|---|---|---|---|
| XOM | Exxon Mobil Corp | 0.90% | 23.52% | 0.90% |
| CVX | Chevron Corp | 0.51% | 17.34% | 0.51% |
| COP | ConocoPhillips | 0.19% | 6.94% | 0.19% |
| WMB | Williams Cos Inc/The | 0.12% | 4.53% | 0.12% |
| SLB | SLB Ltd | 0.11% | 4.13% | 0.11% |
| EOG | EOG Resources Inc | 0.09% | 3.99% | 0.09% |
| PSX | Phillips 66 | 0.09% | 3.76% | 0.09% |
| KMI | Kinder Morgan Inc | 0.09% | 3.71% | 0.09% |
| BKR | Baker Hughes Co | 0.08% | 3.36% | 0.08% |
| VLO | Valero Energy Corp | 0.08% | 3.80% | 0.08% |
Why These ETFs Overlap
VTI is a total-market U.S. equity ETF from Vanguard, while XLE is an energy sector ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are XOM, CVX, and COP, which appear in both portfolios and push the overlap score higher.
Holding both VTI and XLE can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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Frequently Asked Questions About VTI and XLE
What is the overlap between VTI and XLE?+
How many holdings do VTI and XLE share?+
Is the VTI and XLE overlap high?+
Why do VTI and XLE overlap?+
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How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.