VTI vs XLRE Overlap

VTI is a total-market U.S. equity ETF from Vanguard, while XLRE is a real estate ETF from SPDR. VTI and XLRE show limited overlap, with an estimated weighted overlap of 1.65%. They share 31 holdings in the loaded dataset, led by WELL, PLD, and AMT.

1.6% overlap
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31Shared Holdings
OK
Low Overlap

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Quick Answer

VTI is a total-market U.S. equity ETF from Vanguard, while XLRE is a real estate ETF from SPDR. VTI and XLRE show limited overlap, with an estimated weighted overlap of 1.65%. They share 31 holdings in the loaded dataset, led by WELL, PLD, and AMT.

  • 1.65% weighted overlap across 31 shared holdings.
  • The top three shared holdings explain 30.36% of the measured overlap.
  • VTI is the broader fund, while XLRE 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
XLRE 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

ETF A

VTI

Vanguard Total Stock Market ETF

Issuer
Vanguard
Asset class
Large Cap Equity
Expense ratio
0.03%
AUM
$2T
Inception
May 24, 2001

ETF B

XLRE

State Street Real Estate Select Sector SPDR ETF

Issuer
SPDR
Asset class
Equity
Expense ratio
0.08%
AUM
$8B
Inception
Oct 7, 2015

What Stands Out In This Comparison

01

What This Means

VTI is a total-market U.S. equity ETF from Vanguard, while XLRE is a real estate ETF from SPDR. VTI and XLRE 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 WELL, PLD, and AMT.

02

How They Differ

VTI is a total-market U.S. equity ETF from Vanguard, while XLRE is a real estate ETF from SPDR. VTI is the broader fund, while XLRE is the more targeted sleeve. VTI has the lower expense ratio, while XLRE charges more for its exposure.

03

What Drives The Overlap

The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 30.36% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.

04

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, XLRE is the narrower expression. VTI has the lower expense ratio, while XLRE charges more for its exposure.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 30.36% 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 XLRE.

HoldingVTI Wt.XLRE Wt.Overlap
WELL0.19%10.58%0.19%
PLD0.18%9.38%0.18%
AMT0.13%6.46%0.13%
EQIX0.12%6.96%0.12%
SPG0.09%4.65%0.09%
DLR0.09%4.80%0.09%
O0.08%4.85%0.08%
CBRE0.08%3.64%0.08%
PSA0.07%4.84%0.07%
CCI0.06%3.99%0.06%

Why These ETFs Overlap

VTI is a total-market U.S. equity ETF from Vanguard, while XLRE is a real estate ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are WELL, PLD, and AMT, which appear in both portfolios and push the overlap score higher.

Holding both VTI and XLRE 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.

Related Comparisons

Frequently Asked Questions About VTI and XLRE

What is the overlap between VTI and XLRE?+
VTI and XLRE currently show an estimated weighted overlap of 1.65% based on the loaded holdings data.
How many holdings do VTI and XLRE share?+
They share 31 holdings in the current dataset.
Is the VTI and XLRE overlap high?+
The current verdict is Low Overlap. That means the two ETFs have limited duplication in portfolio weight.
Why do VTI and XLRE overlap?+
VTI and XLRE overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 30.36% of the measured overlap score.
Which ETF is broader, VTI or XLRE?+
VTI is the broader fund, while XLRE is the more targeted sleeve. That does not automatically make one better, but it helps explain why the pair can overlap while still serving different roles.

How Overlap Is Calculated

A straightforward approach used by portfolio analysts.

Overlap = sum(min(Weight_A, Weight_B)) for each shared holding

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.

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