VXUS vs XLP: 1% overlap
Vanguard Total International Stock ETF and Consumer Staples Select Sector SPDR Fund share 0.5% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VXUS and XLP hold 5 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VXUS | in XLP | Δ |
|---|---|---|---|
| CASH | 2.4% | 0.2% | 2.3% |
| DG | 0.2% | 1.6% | 1.5% |
| EL | 0.1% | 1.3% | 1.2% |
| BG | 0.0% | 1.1% | 1.0% |
| ADM | 0.0% | 2.7% | 2.7% |
Where VXUS and XLP 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 | XLP | Δ |
|---|---|---|---|
| Consumer Staples | 4.9% | 99.7% | −94.8pp |
| 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 XLP, 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
97.2% of VXUS by weight, held in no part of XLP.
93.0% of XLP 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 | XLP | |
|---|---|---|
| Top 10 holdings | 16.3% | 62.1% |
| Positions held | 8,453 | 37 |
| 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 XLP overlap?
VXUS and XLP overlap 0.5% by portfolio weight — largely distinct portfolios. They share 5 holdings. The figure comes from current issuer holdings files (VXUS as of 2026-06-30, XLP as of 2026-07-23).
How is the overlap between VXUS and XLP 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 XLP 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 XLP?
That depends on your goals — we state facts, not advice. At 0.5% overlap, each fund still contributes meaningfully distinct exposure.
What does VXUS own that XLP doesn't?
VXUS holds 8,453 positions and XLP holds 37; 8,448 of VXUS's positions don't appear in XLP at all, and they are 97.2% of VXUS by weight.
You probably hold more than two funds
This page compares VXUS and XLP. 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 XLP
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, XLP as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.