VUG vs XLC: 15% overlap
Vanguard Growth ETF and Communication Services Select Sector SPDR Fund share 14.9% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VUG and XLC hold 8 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VUG | in XLC | Δ |
|---|---|---|---|
| GOOGL | 5.7% | 10.1% | 4.3% |
| GOOG | 4.5% | 8.1% | 3.6% |
| META | 3.4% | 18.5% | 15.1% |
| NFLX | 0.8% | 4.3% | 3.5% |
| CASH | 0.3% | 0.2% | 0.1% |
| TTWO | 0.1% | 4.3% | 4.2% |
| LYV | 0.1% | 4.5% | 4.3% |
| TKO | 0.0% | 2.1% | 2.1% |
Where VUG and XLC differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | VUG | XLC | Δ |
|---|---|---|---|
| Communication Services | 15.3% | 99.8% | −84.5pp |
| Information Technology | 56.0% | 0.0% | +56.0pp |
| Consumer Discretionary | 11.4% | 0.0% | +11.4pp |
| Industrials | 5.0% | 0.0% | +5.0pp |
| Health Care | 4.7% | 0.0% | +4.7pp |
| Financials | 3.9% | 0.0% | +3.9pp |
| Consumer Staples | 1.4% | 0.0% | +1.4pp |
| Real Estate | 1.0% | 0.0% | +1.0pp |
Δ is VUG minus XLC, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
84.9% of VUG by weight, held in no part of XLC.
47.9% of XLC by weight, held in no part of VUG.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VUG | XLC | |
|---|---|---|
| Top 10 holdings | 60.3% | 68.6% |
| Positions held | 147 | 25 |
| Cost per $10,000 held, per year | $3 | $8 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do VUG and XLC overlap?
VUG and XLC overlap 14.9% by portfolio weight — largely distinct portfolios. They share 8 holdings. The figure comes from current issuer holdings files (VUG as of 2026-06-30, XLC as of 2026-07-23).
How is the overlap between VUG and XLC calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VUG holds a stock at 6% and XLC holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both VUG and XLC?
That depends on your goals — we state facts, not advice. At 14.9% overlap, each fund still contributes meaningfully distinct exposure.
What does VUG own that XLC doesn't?
VUG holds 147 positions and XLC holds 25; 139 of VUG's positions don't appear in XLC at all, and they are 84.9% of VUG by weight.
You probably hold more than two funds
This page compares VUG and XLC. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch VUG vs XLC
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, VUG as of 2026-06-30, XLC as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.