VXUS vs XLE: 0% overlap
Vanguard Total International Stock ETF and Energy Select Sector SPDR Fund share 0.2% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VXUS and XLE hold 4 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VXUS | in XLE | Δ |
|---|---|---|---|
| CASH | 2.4% | 0.1% | 2.3% |
| EQT | 0.0% | 2.1% | 2.0% |
| HAL | 0.0% | 1.7% | 1.7% |
| APA | 0.0% | 0.8% | 0.8% |
Where VXUS and XLE 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 | VXUS | XLE | Δ |
|---|---|---|---|
| Energy | 3.0% | 99.8% | −96.8pp |
| Information Technology | 20.9% | 0.0% | +20.9pp |
| Financials | 19.7% | 0.0% | +19.7pp |
| Industrials | 13.8% | 0.0% | +13.8pp |
| Unclassified | 9.1% | 0.0% | +9.1pp |
| Consumer Discretionary | 7.5% | 0.0% | +7.5pp |
| Health Care | 5.3% | 0.0% | +5.3pp |
| Materials | 5.2% | 0.0% | +5.2pp |
Δ is VXUS minus XLE, 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
97.5% of VXUS by weight, held in no part of XLE.
95.2% of XLE by weight, held in no part of VXUS.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VXUS | XLE | |
|---|---|---|
| Top 10 holdings | 16.3% | 73.1% |
| Positions held | 8,453 | 23 |
| Cost per $10,000 held, per year | $5 | $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 VXUS and XLE overlap?
VXUS and XLE overlap 0.2% by portfolio weight — largely distinct portfolios. They share 4 holdings. The figure comes from current issuer holdings files (VXUS as of 2026-06-30, XLE as of 2026-07-23).
How is the overlap between VXUS and XLE calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VXUS holds a stock at 6% and XLE 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 VXUS and XLE?
That depends on your goals — we state facts, not advice. At 0.2% overlap, each fund still contributes meaningfully distinct exposure.
What does VXUS own that XLE doesn't?
VXUS holds 8,453 positions and XLE holds 23; 8,449 of VXUS's positions don't appear in XLE at all, and they are 97.5% of VXUS by weight.
You probably hold more than two funds
This page compares VXUS and XLE. 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 VXUS vs XLE
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, VXUS as of 2026-06-30, XLE as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.