VUG vs XLY: 11% overlap
Vanguard Growth ETF and Consumer Discretionary Select Sector SPDR Fund share 11.5% 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 XLY hold 20 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VUG | in XLY | Δ |
|---|---|---|---|
| AMZN | 4.5% | 23.5% | 19.0% |
| TSLA | 3.3% | 16.1% | 12.8% |
| MCD | 0.5% | 4.4% | 3.8% |
| TJX | 0.5% | 4.3% | 3.8% |
| BKNG | 0.4% | 3.6% | 3.2% |
| SBUX | 0.3% | 3.2% | 2.8% |
| MAR | 0.2% | 2.1% | 1.9% |
| ORLY | 0.2% | 1.9% | 1.7% |
| HLT | 0.2% | 2.0% | 1.7% |
| DASH | 0.2% | 1.7% | 1.5% |
Where VUG and XLY 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 | XLY | Δ |
|---|---|---|---|
| Consumer Discretionary | 11.4% | 99.9% | −88.5pp |
| Information Technology | 56.0% | 0.0% | +56.0pp |
| Communication Services | 15.3% | 0.0% | +15.3pp |
| 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 XLY, 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
88.4% of VUG by weight, held in no part of XLY.
27.6% of XLY 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 | XLY | |
|---|---|---|
| Top 10 holdings | 60.3% | 68.0% |
| Positions held | 147 | 49 |
| 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 XLY overlap?
VUG and XLY overlap 11.5% by portfolio weight — largely distinct portfolios. They share 20 holdings. The figure comes from current issuer holdings files (VUG as of 2026-06-30, XLY as of 2026-07-23).
How is the overlap between VUG and XLY 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 XLY 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 XLY?
That depends on your goals — we state facts, not advice. At 11.5% overlap, each fund still contributes meaningfully distinct exposure.
What does VUG own that XLY doesn't?
VUG holds 147 positions and XLY holds 49; 127 of VUG's positions don't appear in XLY at all, and they are 88.4% of VUG by weight.
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Related comparisons
Sources: issuer holdings files, VUG as of 2026-06-30, XLY as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.