VOO vs XLK: Grades, Fees and Holdings Compared

Vanguard S&P 500 ETF

VOOANYSE Arca

State Street Technology Select Sector SPDR ETF

XLKANYSE Arca

Overlap

39.8%by weight

Expense ratio

VOO −0.05pt a year

VOO0.03%XLK0.08%

Avg volume · 30D

XLK 1.2×the volume

VOO7.22MXLK8.32M

10Y return · a year

XLK +8.8pt

VOO+15.7%XLK+24.5%

VOO vs XLK Performance

Oct 28, 2021 – Oct 28, 2026

+80.7%VOO+146.4%XLK

Expense ratio: VOO 0.03%, better; XLK 0.08%
Fund size: VOO $1.7T; XLK $123B
1Y total return: VOO +13.7%; XLK +27.1%, better
Yield (12M): VOO 1.05%, better; XLK 0.44%
Holdings: VOO 507; XLK 77
Avg volume (30D): VOO 7.22M sh; XLK 8.32M sh, better
NAV per share: VOO $707.53; XLK $186.31
52W range

ETF.net Grade

Pillar letters and Scores for VOO, XLK, with each pillar’s weight
Pillar	VOO	XLK
Cost30% weight	A84	A98
Mission25% weight	A100	A76
Risk15% weight	C51	B56
Tradability15% weight	C53	A98
Holdings10% weight	C41	C41
Durability5% weight	A93	A82

Where each fund ranks

How we build Categories ›

Different Categories. Their Grades do not compare head to head.

S&P 500⁠

Category · 14 funds

See all 14 ›

VOO ranks 3rd of 14 funds in the S&P 500 Category.

Rank 1ASPYMState Street SPDR Portfolio S&P 500 ETFScore 82
Rank 2AIVViShares Core S&P 500 ETFScore 79
Rank 3AVOOVanguard S&P 500 ETFScore 74
Rank 4AUSPXFranklin U.S. Equity Index ETFScore 71

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

XLK ranks 1st 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

Our read on each fund

ETF.net Research

VOOAVanguard S&P 500 ETF

XLKAState Street Technology Select Sector SPDR ETF

In short

VOO Not a standalone ETF but a share class of Vanguard's flagship 500 Index Fund: the same roughly 500 large US companies, 0.03% a year, in a wrapper you can trade all day.

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

VOO The fund invests in stocks represented by the S&P 500 Index and seeks to closely track that index's return as a measure of overall U.S. stock performance.

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

Why people hold it

VOO 0.03% a year against a 0.15% median for S&P 500 trackers. On a fund this size, that fee gap is the whole product.
Holds the index outright, all roughly 500 names, and its tracking record sits among the tightest in the S&P 500 group.vanguard.com
One of the most actively traded ETFs in the market, which tends to keep the cost of getting in and out small.
It is the ETF share class of Vanguard's 500 Index Fund, and Vanguard is owned by its own funds, so no outside parent takes a cut.vanguard.com sec.gov

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

VOO Large US companies only, weighted by size, so the biggest few names carry the most weight and drive much of the move.spglobal.com
Membership is not purely mechanical: an S&P index committee decides which companies come in and go out.spglobal.com
SPYM tracks the same index for 0.02%. A rounding error for most, but real if cost is your only tiebreaker.

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 VOO profile⁠

Full XLK profile⁠

VOO vs XLK Holdings

Holdings as of Oct 27, 2026

How VOO and XLK differ

Overlap by weight

39.8%

Shared holdings make up 99.8% of XLK and 39.8% of VOO.

Level by level

Holdings74 in both39.8%
Sector11 Sectors40.6%
Countryby domicile98.3%
Asset classEquity100%

Sector

Sector weights in VOO and XLK, widest gap first
Sector	More in VOOMore in XLK	VOO	XLK
Technology	XLK +59.4 points	40.5%	99.9%
Financials	VOO +11.1 points	11.1%	0.0%
Communication	VOO +10.0 points	9.9%	0.0%
Health Care	VOO +9.3 points	9.3%	0.0%
Consumer Discretionary	VOO +8.8 points	8.8%	0.0%
Industrials	VOO +7.6 points	7.5%	0.0%
Consumer Staples	VOO +4.3 points	4.3%	0.0%
Energy	VOO +3.3 points	3.4%	0.1%
Utilities	VOO +1.9 points	1.9%	0.0%
Real Estate	VOO +1.7 points	1.7%	0.0%
Materials	VOO +1.6 points	1.6%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in VOO and XLK, widest gap first
Country	More in VOOMore in XLK	VOO	XLK
United States	VOO +1.7 points	100.0%	98.3%
Ireland	XLK +1.3 points	0.0%	1.3%
Netherlands	XLK +0.4 points	0.0%	0.4%

Concentration

Weight in the 10 largest Holdings

VOO39.1%
XLK64.7%

Securities held

VOO506
XLK75

Asset class

VOO: Equity
XLK: Equity

Holdings

Only in VOO432
In both74
Only in XLK1

Only in VOO

432 securities, 60.3% of VOO by weight

Amazon.com Inc3.72%
Alphabet Inc3.07%
Alphabet Inc2.46%
Meta Platforms Inc2.43%
Tesla Inc1.52%
Berkshire Hathaway Inc1.41%
Eli Lilly & Co1.41%
JPMorgan Chase & Co1.34%
ExxonMobil Holdings Corp1.02%
Johnson & Johnson0.97%
Visa Inc0.91%
Walmart Inc0.70%
AbbVie Inc0.70%
Mastercard Inc0.68%
Costco Wholesale Corp0.61%
Chevron Corp0.61%
Caterpillar Inc0.57%
Merck & Co Inc0.54%
Bank of America Corp0.54%
Procter & Gamble Co/The0.51%
Coca-Cola Co/The0.51%
UnitedHealth Group Inc0.50%
General Electric Co0.49%
Philip Morris International Inc0.45%
Netflix Inc0.44%
Home Depot Inc/The0.43%
GE Vernova Inc0.38%
RTX Corp0.38%
Thermo Fisher Scientific Inc0.38%
Goldman Sachs Group Inc/The0.37%
Wells Fargo & Co0.37%
Amgen Inc0.35%
Morgan Stanley0.34%
Linde PLC0.33%
Citigroup Inc0.32%
Verizon Communications Inc0.29%
Gilead Sciences Inc0.28%
Walt Disney Co/The0.28%
PepsiCo Inc0.26%
Abbott Laboratories0.26%
Deere & Co0.26%
AT&T Inc0.25%
Eaton Corp PLC0.25%
Welltower Inc0.25%
McDonald's Corp0.25%
Pfizer Inc0.25%
Union Pacific Corp0.25%
American Express Co0.24%
Charles Schwab Corp/The0.24%
NextEra Energy Inc0.24%

Only in XLK

1 security, 0.2% of XLK by weight

Twilio Inc A0.16%

Weight gaps

All 74 Holdings in both funds, largest gap first.

Holding weights in VOO and XLK, widest gap first
Holding	More in VOOMore in XLK	VOO	XLK
Apple IncAAPL	XLK +7.34 points	7.39%	14.73%
NVIDIA CorpNVDA	XLK +6.94 points	8.40%	15.34%
Microsoft CorpMSFT	XLK +5.82 points	5.79%	11.61%
Advanced Micro Devices IncAMD	XLK +3.09 points	1.52%	4.61%
Micron Technology IncMU	XLK +2.14 points	1.83%	3.97%
Palantir Technologies IncPLTR	XLK +2.07 points	0.65%	2.72%
Broadcom IncAVGO	XLK +2.06 points	2.54%	4.60%
Cisco Systems IncCSCO	XLK +1.94 points	0.64%	2.58%
Intel CorpINTC	XLK +1.76 points	0.91%	2.67%
Palo Alto Networks IncPANW	XLK +1.40 points	0.49%	1.89%
Texas Instruments IncTXN	XLK +1.23 points	0.39%	1.62%
Applied Materials IncAMAT	XLK +1.21 points	0.62%	1.83%
Crowdstrike Holdings IncCRWD	XLK +1.17 points	0.41%	1.58%
Lam Research CorpLRCX	XLK +1.15 points	0.62%	1.77%
International Business Machines CorpIBM	XLK +1.11 points	0.31%	1.42%
Oracle CorpORCL	XLK +0.93 points	0.36%	1.29%
Salesforce IncCRM	XLK +0.92 points	0.29%	1.21%
Analog Devices IncADI	XLK +0.89 points	0.29%	1.18%
Marvell Technology IncMRVL	XLK +0.87 points	0.35%	1.22%
QUALCOMM IncQCOM	XLK +0.84 points	0.30%	1.14%
Amphenol CorpAPH	XLK +0.78 points	0.32%	1.10%
Arista Networks IncANET	XLK +0.78 points	0.32%	1.10%
KLA CorpKLAC	XLK +0.77 points	0.39%	1.16%
ServiceNow IncNOW	XLK +0.76 points	0.21%	0.97%
Accenture PLCACN	XLK +0.73 points	0.17%	0.90%
Sandisk CorpSNDK	XLK +0.70 points	0.39%	1.09%
Dell Technologies IncDELL	XLK +0.59 points	0.25%	0.84%
Seagate Technology Holdings PLCSTX	XLK +0.55 points	0.32%	0.87%
Western Digital CorpWDC	XLK +0.51 points	0.25%	0.76%
Fortinet IncFTNT	XLK +0.50 points	0.17%	0.67%
Adobe IncADBE	XLK +0.47 points	0.14%	0.61%
Intuit IncINTU	XLK +0.44 points	0.11%	0.55%
Datadog IncDDOG	XLK +0.42 points	0.14%	0.56%
Corning IncGLW	XLK +0.41 points	0.19%	0.60%
Synopsys IncSNPS	XLK +0.39 points	0.13%	0.52%
Cadence Design Systems IncCDNS	XLK +0.39 points	0.14%	0.53%
Motorola Solutions IncMSI	XLK +0.37 points	0.11%	0.48%
Hewlett Packard Enterprise CoHPE	XLK +0.33 points	0.13%	0.46%
Lumentum Holdings IncLITE	XLK +0.30 points	0.13%	0.43%
NXP Semiconductors NVNXPI	XLK +0.28 points	0.09%	0.37%
TE Connectivity PLCTEL	XLK +0.28 points	0.09%	0.37%
Autodesk IncADSK	XLK +0.24 points	0.07%	0.31%
Monolithic Power Systems IncMPWR	XLK +0.24 points	0.10%	0.34%
Keysight Technologies IncKEYS	XLK +0.24 points	0.09%	0.33%
Roper Technologies IncROP	XLK +0.21 points	0.05%	0.26%
Ciena CorpCIEN	XLK +0.20 points	0.08%	0.28%
NetApp IncNTAP	XLK +0.20 points	0.06%	0.26%
Everpure IncP	XLK +0.19 points	0.07%	0.26%
Teradyne IncTER	XLK +0.19 points	0.10%	0.29%
Workday IncWDAY	XLK +0.19 points	0.06%	0.25%
Microchip Technology IncMCHP	XLK +0.18 points	0.06%	0.24%
Coherent CorpCOHR	XLK +0.17 points	0.09%	0.26%
Cognizant Technology Solutions CorpCTSH	XLK +0.15 points	0.04%	0.19%
HP IncHPQ	XLK +0.15 points	0.04%	0.19%
Teledyne Technologies IncTDY	XLK +0.14 points	0.04%	0.18%
Jabil IncJBL	XLK +0.12 points	0.05%	0.17%
ON Semiconductor CorpON	XLK +0.12 points	0.05%	0.17%
F5 IncFFIV	XLK +0.12 points	0.04%	0.16%
VeriSign IncVRSN	XLK +0.12 points	0.03%	0.15%
Flex LtdFLEX	XLK +0.11 points	0.06%	0.17%
PTC IncPTC	XLK +0.11 points	0.02%	0.13%
Qnity Electronics IncQ	XLK +0.10 points	0.04%	0.14%
CDW Corp/DECDW	XLK +0.10 points	0.02%	0.12%
Skyworks Solutions IncSWKS	XLK +0.09 points	0.02%	0.11%
Zebra Technologies CorpZBRA	XLK +0.08 points	0.03%	0.11%
First Solar IncFSLR	XLK +0.08 points	0.03%	0.11%
Super Micro Computer IncSMCI	XLK +0.07 points	0.04%	0.11%
Fair Isaac CorpFICO	XLK +0.07 points	0.02%	0.09%
Tyler Technologies IncTYL	XLK +0.07 points	0.02%	0.09%
Gartner IncIT	XLK +0.07 points	0.02%	0.09%
Trimble IncTRMB	XLK +0.07 points	0.02%	0.09%
GoDaddy IncGDDY	XLK +0.06 points	0.02%	0.08%
Akamai Technologies IncAKAM	XLK +0.06 points	0.02%	0.08%
Gen Digital IncGEN	XLK +0.06 points	0.02%	0.08%

All 505 VOO 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.

VOO vs XLK Cost

Overpaying XLK vs VOO

$1,051

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

VOO 0.03%
$638
XLK 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

VOO 0.03%
XLK 0.08%
Overpaying

Year by year

Year	VOO	XLK	Overpaying
10	$55	$147	$92
20	$216	$575	$359
30	$638	$1,689	$1,051

Expense ratio

0.03%VOO, cheaper
0.08%XLK

Different Categories, so each fee sits in its own Category’s range.

VOO among 14 S&P 500 funds

VOO0.03%

0.02%0.45%

Middle half of S&P 500 funds
Median 0.09%

VOO 2nd cheapest of 14 funds

XLK among 23 Technology (Broad) funds

XLK0.08%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

XLK cheapest of 23 funds

VOO vs XLK Dividends

Last 12 months to Oct 28, 2026

Yield (12M): VOO 1.05%, better; XLK 0.44%
Payout (12M): VOO $7.43; XLK $0.83
Last payment: VOO $1.82; XLK $0.22
Ex-dividend: VOO Sep 28, 2026; XLK Sep 21, 2026
Paid on: VOO Sep 30, 2026; XLK Sep 23, 2026
Frequency: VOO Quarterly; XLK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VOOQuarterly · 39 paymentsAll VOO payments⁠

XLKQuarterly · 39 paymentsAll XLK payments⁠

VOO vs XLK Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: VOO 12.4%, betterXLK 22.7%
Return per unit of riskSharpe ratio, 3 years: VOO 1.37, betterXLK 1.23
Worst fallMax drawdown, 5 years: VOO −24.5%, betterXLK −33.6%
Market sensitivityBeta, 5 years: VOO 1.01XLK 1.35; Market = 1

VOO and XLK in the news

All news⁠

Closing Bell
Fed holds rates, stocks rise a third day as long yields climb
18 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
Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026XLK
The Big Picture
The 10-year yield fell to 5%, and it was not cooler inflation
Oct 24, 2026XLK
Closing Bell
Dow drops 1.2% as Brent hits six-month high
Oct 23, 2026XLK

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