VGT vs XLK: Grades, Fees and Holdings Compared

Vanguard Information Technology ETF

VGTANYSE Arca

State Street Technology Select Sector SPDR ETF

XLKANYSE Arca

Overlap

85.0%by weight

Expense ratio

XLK −0.01pt a year

VGT0.09%XLK0.08%

Avg volume · 30D

XLK 2.0×the volume

VGT4.23MXLK8.32M

10Y return · a year

VGT +0.1pt

VGT+24.6%XLK+24.5%

VGT vs XLK Performance

Oct 28, 2021 – Oct 28, 2026

+136.3%VGT+146.4%XLK

Expense ratio: VGT 0.09%; XLK 0.08%, better
Fund size: VGT $178B; XLK $123B
1Y total return: VGT +24.7%; XLK +27.1%, better
Yield (12M): VGT 0.38%; XLK 0.44%, better
Holdings: VGT 321; XLK 77
Avg volume (30D): VGT 4.23M sh; XLK 8.32M sh, better
NAV per share: VGT $122.79; XLK $186.31
52W range

ETF.net Grade

Pillar letters and Scores for VGT, XLK, with each pillar’s weight
Pillar	VGT	XLK
Cost30% weight	A92	A98Higher
Mission25% weight	A84Higher	A76
Risk15% weight	B55	B56Higher
Tradability15% weight	B57	A98Higher
Holdings10% weight	C41	C41
Durability5% weight	A93Higher	A82

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. VGT and XLK are both graded against the same 23 Technology (Broad) funds, so their Grades compare head to head.

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

XLK ranks 1st and VGT 3rd of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 80
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 77
Rank 3AVGTVanguard Information Technology ETFScore 70
Rank 4BRSPTInvesco S&P 500 Equal Weight Technology ETFScore 68

Our read on each fund

ETF.net Research

VGTAVanguard Information Technology ETF

XLKAState Street Technology Select Sector SPDR ETF

In short

VGT Vanguard's technology sleeve, indexed since 2004: roughly 300 US tech stocks running from megacap giants down to small caps, for 0.09% a year. Broad coverage of the sector rather than just its household names.

XLK A 1998 original: XLK owns the technology slice of the S&P 500, about 70 names, for eight basis points. Big, heavily traded, and top-heavy by design, with quarterly caps the only brake on the giants at the top.

Stated mandate

VGT The fund seeks to track an index measuring the investment return of information technology stocks. It uses an indexing approach for large-, mid-, and small-capitalization U.S. technology companies and normally invests at least 80% of assets in target-index stocks.

XLK The fund seeks to track the price and yield performance of the Technology Select Sector Index before expenses.

Why people hold it

VGT Casts a wide net: about 300 US technology stocks across large, mid and small caps, not just the megacap names everyone already knows.vanguard.com
Charges 0.09% a year, roughly a quarter of what the typical technology sector ETF asks.
One of the largest and most actively traded sector funds around, and it has followed its index closely.
Running since 2004 and among the strongest implementations in its technology peer group. Pays quarterly.

XLK Costs 0.08% a year against a roughly 0.40% median for broad tech funds, tying FTEC as the cheapest of the category's top-rated names and undercutting VGT's 0.09%.
One of the largest and most actively traded funds in the tech aisle, so entering or exiting rarely means fighting the order book.
Running since December 1998 and dead simple: the tech sector of the S&P 500, spanning software, semiconductors, hardware, communications equipment and IT services. Pays quarterly.ssga.com

Worth knowing

VGT Weighted by market value, so the biggest platform companies drive most of the return. The small caps are along for the ride.
One sector, one country: US technology only, which means bigger swings than a total market fund.
If the last basis point matters, XLK and FTEC list at 0.08%.

XLK Top-heavy by construction. About 70 stocks, and the index only trims its biggest weights at quarterly rebalances to stay inside fund diversification limits.spglobal.com
The universe is S&P 500 tech only. Smaller tech companies outside the big index are out, and the Select Sector funds split the S&P 500 up, so some familiar names sit in other sector funds.ssga.com
It is one sector with no ballast from the rest of the market, so a tech drawdown lands here in full.

Full VGT profile⁠

Full XLK profile⁠

VGT vs XLK Holdings

Holdings as of Oct 27, 2026

How VGT and XLK differ

Overlap by weight

85.0%

Shared holdings make up 100% of XLK and 89.0% of VGT.

Level by level

Holdings75 in both85.0%
Countryby domicile98.7%
Sector7 Sectors99.3%
Asset classEquity100%

Sector

Sector weights in VGT and XLK, widest gap first
Sector	More in VGTMore in XLK	VGT	XLK
Technology	XLK +0.6 points	99.3%	99.9%
Financials	VGT +0.3 points	0.3%	0.0%
Industrials	VGT +0.3 points	0.3%	0.0%
Energy	XLK +0.1 points	0.0%	0.1%
Consumer Discretionary	VGT +0.1 points	0.1%	0.0%
Materials	Same weight	0.0%	0.0%
Health Care	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in VGT and XLK, widest gap first
Country	More in VGTMore in XLK	VGT	XLK
Singapore	VGT +0.9 points	0.9%	0.0%
United States	XLK +0.6 points	97.7%	98.3%
Ireland	XLK +0.6 points	0.7%	1.3%
Other countries (4)	VGT +0.4 points	0.8%	0.4%

Concentration

Weight in the 10 largest Holdings

VGT63.6%
XLK64.7%

Securities held

VGT319
XLK75

Asset class

VGT: Equity
XLK: Equity

Holdings

Only in VGT244
In both75
Only in XLK0

Only in VGT

244 securities, 10.9% of VGT by weight

Snowflake Inc0.45%
Cloudflare Inc0.45%
Astera Labs Inc0.23%
Okta Inc0.19%
SLBBH11420.18%
Strategy Inc0.16%
Credo Technology Group Holding Ltd0.15%
Atlassian Corp0.15%
MongoDB Inc0.13%
Entegris Inc0.13%
Semtech Corp0.12%
Zoom Communications Inc0.11%
Rubrik Inc0.11%
Nutanix Inc0.11%
Zscaler Inc0.11%
TD SYNNEX Corp0.11%
Lattice Semiconductor Corp0.11%
MACOM Technology Solutions Holdings Inc0.11%
MKS Inc0.10%
Dynatrace Inc0.10%
Onto Innovation Inc0.10%
FormFactor Inc0.09%
SiTime Corp0.09%
DigitalOcean Holdings Inc0.09%
Docusign Inc0.09%
Samsara Inc0.09%
Arrow Electronics Inc0.09%
Unity Software Inc0.09%
Fabrinet0.08%
Sanmina Corp0.08%
Manhattan Associates Inc0.08%
Qorvo Inc0.08%
Rambus Inc0.08%
JFrog Ltd0.08%
Littelfuse Inc0.08%
TTM Technologies Inc0.08%
Advanced Energy Industries Inc0.08%
Cognex Corp0.08%
Avnet Inc0.07%
IonQ Inc0.07%
Guidewire Software Inc0.07%
Viavi Solutions Inc0.07%
SentinelOne Inc0.07%
MaxLinear Inc0.07%
Elastic NV0.07%
InterDigital Inc0.07%
Ralliant Corp0.07%
Plexus Corp0.07%
Gitlab Inc0.07%
Silicon Laboratories Inc0.07%

Only in XLK

0 securities, 0.0% of XLK by weight

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in VGT and XLK, widest gap first
Holding	More in VGTMore in XLK	VGT	XLK
NVIDIA CorpNVDA	VGT +2.25 points	17.59%	15.34%
Apple IncAAPL	VGT +1.19 points	15.92%	14.73%
Palantir Technologies IncPLTR	XLK +1.17 points	1.55%	2.72%
Cisco Systems IncCSCO	XLK +0.98 points	1.60%	2.58%
Advanced Micro Devices IncAMD	XLK +0.93 points	3.68%	4.61%
Intel CorpINTC	XLK +0.68 points	1.99%	2.67%
Palo Alto Networks IncPANW	XLK +0.65 points	1.24%	1.89%
International Business Machines CorpIBM	XLK +0.65 points	0.77%	1.42%
Texas Instruments IncTXN	XLK +0.64 points	0.98%	1.62%
Crowdstrike Holdings IncCRWD	XLK +0.56 points	1.02%	1.58%
Broadcom IncAVGO	XLK +0.49 points	4.11%	4.60%
Salesforce IncCRM	XLK +0.49 points	0.72%	1.21%
Micron Technology IncMU	VGT +0.49 points	4.46%	3.97%
Accenture PLCACN	XLK +0.45 points	0.45%	0.90%
Microsoft CorpMSFT	XLK +0.45 points	11.16%	11.61%
Oracle CorpORCL	XLK +0.43 points	0.86%	1.29%
ServiceNow IncNOW	XLK +0.43 points	0.54%	0.97%
Analog Devices IncADI	XLK +0.43 points	0.75%	1.18%
QUALCOMM IncQCOM	XLK +0.38 points	0.76%	1.14%
Marvell Technology IncMRVL	XLK +0.34 points	0.88%	1.22%
Amphenol CorpAPH	XLK +0.30 points	0.80%	1.10%
Applied Materials IncAMAT	XLK +0.30 points	1.53%	1.83%
Intuit IncINTU	XLK +0.25 points	0.30%	0.55%
Arista Networks IncANET	XLK +0.25 points	0.85%	1.10%
Adobe IncADBE	XLK +0.22 points	0.39%	0.61%
Fortinet IncFTNT	XLK +0.21 points	0.46%	0.67%
Lam Research CorpLRCX	XLK +0.21 points	1.56%	1.77%
Datadog IncDDOG	XLK +0.20 points	0.36%	0.56%
Dell Technologies IncDELL	XLK +0.19 points	0.65%	0.84%
Synopsys IncSNPS	XLK +0.19 points	0.33%	0.52%
KLA CorpKLAC	XLK +0.18 points	0.98%	1.16%
Motorola Solutions IncMSI	XLK +0.17 points	0.31%	0.48%
Cadence Design Systems IncCDNS	XLK +0.15 points	0.38%	0.53%
Western Digital CorpWDC	XLK +0.15 points	0.61%	0.76%
Lumentum Holdings IncLITE	XLK +0.13 points	0.30%	0.43%
Autodesk IncADSK	XLK +0.11 points	0.20%	0.31%
Sandisk CorpSNDK	XLK +0.12 points	0.97%	1.09%
Corning IncGLW	XLK +0.11 points	0.49%	0.60%
NXP Semiconductors NVNXPI	XLK +0.11 points	0.26%	0.37%
Hewlett Packard Enterprise CoHPE	XLK +0.10 points	0.36%	0.46%
TE Connectivity PLCTEL	XLK +0.10 points	0.27%	0.37%
Roper Technologies IncROP	XLK +0.10 points	0.16%	0.26%
Seagate Technology Holdings PLCSTX	XLK +0.08 points	0.79%	0.87%
Ciena CorpCIEN	XLK +0.07 points	0.21%	0.28%
Monolithic Power Systems IncMPWR	XLK +0.07 points	0.27%	0.34%
Workday IncWDAY	XLK +0.07 points	0.18%	0.25%
NetApp IncNTAP	XLK +0.07 points	0.19%	0.26%
Everpure IncP	XLK +0.06 points	0.20%	0.26%
Keysight Technologies IncKEYS	XLK +0.06 points	0.27%	0.33%
Microchip Technology IncMCHP	XLK +0.05 points	0.19%	0.24%
Coherent CorpCOHR	XLK +0.05 points	0.21%	0.26%
Cognizant Technology Solutions CorpCTSH	XLK +0.05 points	0.14%	0.19%
Twilio IncTWLO	VGT +0.05 points	0.21%	0.16%
HP IncHPQ	XLK +0.04 points	0.15%	0.19%
Teledyne Technologies IncTDY	XLK +0.04 points	0.14%	0.18%
PTC IncPTC	XLK +0.03 points	0.10%	0.13%
ON Semiconductor CorpON	XLK +0.03 points	0.14%	0.17%
Jabil IncJBL	XLK +0.02 points	0.15%	0.17%
CDW Corp/DECDW	XLK +0.02 points	0.10%	0.12%
VeriSign IncVRSN	XLK +0.02 points	0.13%	0.15%
Fair Isaac CorpFICO	XLK +0.02 points	0.07%	0.09%
Super Micro Computer IncSMCI	VGT +0.02 points	0.13%	0.11%
Flex LtdFLEX	VGT +0.02 points	0.19%	0.17%
F5 IncFFIV	XLK +0.02 points	0.14%	0.16%
Skyworks Solutions IncSWKS	XLK +0.01 points	0.10%	0.11%
Teradyne IncTER	XLK +0.02 points	0.27%	0.29%
First Solar IncFSLR	XLK +0.01 points	0.10%	0.11%
Qnity Electronics IncQ	XLK +0.01 points	0.13%	0.14%
Akamai Technologies IncAKAM	VGT +0.01 points	0.09%	0.08%
Gen Digital IncGEN	XLK +0.01 points	0.07%	0.08%
Gartner IncIT	XLK +0.01 points	0.08%	0.09%
GoDaddy IncGDDY	VGT +0.01 points	0.09%	0.08%
Tyler Technologies IncTYL	Same weight	0.09%	0.09%
Zebra Technologies CorpZBRA	Same weight	0.11%	0.11%
Trimble IncTRMB	Same weight	0.09%	0.09%

All 310 VGT holdings⁠All 75 XLK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

VGT vs XLK Cost

Overpaying VGT vs XLK

$209

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

VGT 0.09%
$1,898
XLK 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

VGT 0.09%
XLK 0.08%
Overpaying

Year by year

Year	VGT	XLK	Overpaying
10	$165	$147	$18
20	$646	$575	$71
30	$1,898	$1,689	$209

Expense ratio

0.09%VGT
0.08%XLK, cheaper

XLK0.08%VGT0.09%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

XLK cheapest of 23 funds

VGT 3rd cheapest of 23 funds

VGT vs XLK Dividends

Last 12 months to Oct 28, 2026

Yield (12M): VGT 0.38%; XLK 0.44%, better
Payout (12M): VGT $0.47; XLK $0.83
Last payment: VGT $0.15; XLK $0.22
Ex-dividend: VGT Sep 23, 2026; XLK Sep 21, 2026
Paid on: VGT Sep 25, 2026; XLK Sep 23, 2026
Frequency: VGT Quarterly; XLK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VGTQuarterly · 39 paymentsAll VGT payments⁠

XLKQuarterly · 39 paymentsAll XLK payments⁠

VGT vs XLK Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: VGT 21.6%, betterXLK 22.7%
Return per unit of riskSharpe ratio, 3 years: VGT 1.30, betterXLK 1.23
Worst fallMax drawdown, 5 years: VGT −35.1%XLK −33.6%, better
Market sensitivityBeta, 5 years: VGT 1.35XLK 1.35; Market = 1

VGT and XLK in the news

All news⁠

Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026VGTXLK
Deep Dive
An equal-weight technology ETF beat the cap-weighted fund by 9.3 percentage points
Sep 28, 2026VGTXLK
Deep Dive
Software funds fall 2.9% as application names are marked down
Sep 12, 2026VGTXLK
Closing Bell
Fed holds rates, stocks rise a third day as long yields climb
17 hours agoXLK
Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026XLK
Closing Bell
Brazil ETF EWZ falls 19.8% as Lula win drives Ibovespa’s worst day since 2020
Oct 26, 2026XLK

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