VOOV vs XOEX: Grades, Fees and Holdings Compared

Vanguard S&P 500 Value ETF

VOOVANYSE Arca

Xtrackers S&P 100 Ex Top 20 ETF

XOEXBCboe

Overlap

31.5%by weight

Expense ratio

VOOV −0.08pt a year

VOOV0.07%XOEX0.15%

Avg volume · 30D

VOOV 1.00×the volume

VOOV68.7KXOEX68.5K

3Y return · a year

XOEX +1.5pt

VOOV+18.8%XOEX+20.3%

VOOV vs XOEX Performance

Oct 31, 2025 – Oct 30, 2026

+16.6%VOOV+16.1%XOEX

Expense ratio: VOOV 0.07%, better; XOEX 0.15%
Fund size: VOOV $6.8B; XOEX $279M
1Y total return: VOOV +16.6%, better; XOEX +16.1%
Yield (12M): VOOV 1.62%, better; XOEX 1.46%
Holdings: VOOV 442; XOEX 78
Avg volume (30D): VOOV 68.7K sh, better; XOEX 68.5K sh
NAV per share: VOOV $231.14; XOEX $40.82
52W range

ETF.net Grade

Pillar letters and Scores for VOOV, XOEX, with each pillar’s weight
Pillar	VOOV	XOEX
Cost30% weight	A88Higher	B63
Mission25% weight	A87Higher	A80
Risk15% weight	A82Higher	A79
Tradability15% weight	C52	B60Higher
Holdings10% weight	B69Higher	B63
Durability5% weight	A85Higher	C51

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. VOOV and XOEX are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

VOOV ranks 4th and XOEX 12th of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 4AVOTETCW Transform 500 ETFScore 79
Rank 12BFINAFidelity MSCI North American Subset Index ETFScore 68
Rank 12BXOEXXtrackers S&P 100 Ex Top 20 ETFScore 68
Rank 14BIVOVVanguard S&P Mid-Cap 400 Value ETFScore 67

Our read on each fund

ETF.net Research

VOOVAVanguard S&P 500 Value ETF

XOEXBXtrackers S&P 100 Ex Top 20 ETF

In short

VOOV Vanguard takes the S&P 500, sorts it by value traits, and hands you the cheap half: roughly 400 familiar large caps, one published index, seven basis points. A value tilt without leaving the blue-chip universe.

XOEX Take the S&P 100 and delete the 20 biggest names. What's left is about 80 blue chips sitting just behind the mega-cap crowd, wrapped at 0.15% a year.

Stated mandate

VOOV The fund seeks to track the performance of the S&P 500 Value Index.

XOEX The fund seeks to provide results that generally correspond, before fees and expenses, to the S&P 100 Ex-Top 20 Select Index.

Why people hold it

VOOV Charges 0.07% a year against a 0.45% median for its index-tracker peer group. The value tilt arrives without the usual factor-fund markup.
No manager discretion. It follows one published benchmark, the S&P 500 Value Index, holding roughly 400 large-cap names most investors already know.vanguard.com
Running since 2010 and now a multi-billion-dollar fund, it sits among the strongest implementations in its peer group of plain index wrappers.

XOEX One rule, clearly stated: the S&P 100 minus that index's 20 largest members by float-adjusted market cap, leaving roughly 80 large caps to share the weight.indexologyblog.com
Costs 0.15% a year, a third of the typical fee among the plain index wrappers we grade.
Tracks its index closely and sits in the top quartile of its index-wrapper peer group, a strong build for a narrow idea.
Rules-based S&P index, US large-cap stocks only, cash paid out quarterly.

Worth knowing

VOOV SPYV tracks the same S&P 500 Value Index for 0.04%. Same benchmark, thinner fee.
You own one side of the index. When the growth half of the S&P 500 leads, this fund's path diverges from the headline benchmark.
Volume is moderate rather than heavy, so spreads can run wider than the busiest large-cap ETFs. Cash comes back quarterly, not monthly.

XOEX Thinly traded and modest in size, so spreads can run wider than in household-name index funds.
Not the cheapest shelf: broad wrappers like SCHK, VXF and VT charge less. The exclusion rule is what the extra buys.
It deliberately owns none of the S&P 100's 20 largest members, so results can diverge from standard large-cap funds in either direction.indexologyblog.com

Full VOOV profile⁠

Full XOEX profile⁠

VOOV vs XOEX Holdings

How VOOV and XOEX differ

Overlap by weight

31.5%

Shared holdings make up 80.0% of XOEX and 31.5% of VOOV.

Level by level

Holdings63 in both31.5%
Sector11 Sectors82.9%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in VOOV and XOEX, widest gap first
Sector	More in VOOVMore in XOEX	VOOV	XOEX
Health Care	XOEX +6.3 points	13.2%	19.5%
Technology	VOOV +4.2 points	22.8%	18.6%
Industrials	XOEX +4.0 points	10.0%	14.0%
Consumer Discretionary	VOOV +3.8 points	9.8%	6.0%
Energy	VOOV +3.4 points	7.7%	4.3%
Communication	XOEX +3.4 points	2.9%	6.3%
Real Estate	VOOV +2.5 points	3.1%	0.6%
Financials	XOEX +2.3 points	14.7%	17.0%
Materials	VOOV +1.7 points	3.3%	1.6%
Utilities	VOOV +1.4 points	3.9%	2.5%
Consumer Staples	XOEX +0.9 points	8.6%	9.5%

Country, concentration and asset class

Country by domicile

Country weights in VOOV and XOEX, widest gap first
Country	More in VOOVMore in XOEX	VOOV	XOEX
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

VOOV24.8%
XOEX26.7%

Securities held

VOOV437
XOEX77

Asset class

VOOV: Equity
XOEX: Equity

Holdings

Only in VOOV374
In both63
Only in XOEX14

Only in VOOV

374 securities, 68.3% of VOOV by weight

Apple Inc8.35%
Amazon.com Inc3.95%
ExxonMobil Holdings Corp2.30%
Intel Corp2.05%
Walmart Inc1.59%
Costco Wholesale Corp1.39%
Tesla Inc1.31%
JPMorgan Chase & Co0.97%
Visa Inc0.95%
Johnson & Johnson0.90%
Linde PLC0.75%
Cisco Systems Inc0.69%
Analog Devices Inc0.66%
Eaton Corp PLC0.57%
Western Digital Corp0.56%
Dell Technologies Inc0.56%
Palo Alto Networks Inc0.49%
Vertex Pharmaceuticals Inc0.46%
Prologis Inc0.42%
Marvell Technology Inc0.42%
Chubb Ltd0.39%
Accenture PLC0.39%
Valero Energy Corp0.38%
Marathon Petroleum Corp0.38%
Medtronic PLC0.38%
Automatic Data Processing Inc0.35%
Phillips 660.35%
Freeport-McMoRan Inc0.35%
Equinix Inc0.34%
McKesson Corp0.34%
PNC Financial Services Group Inc/The0.30%
CSX Corp0.30%
Intercontinental Exchange Inc0.29%
Hewlett Packard Enterprise Co0.29%
Blackstone Inc0.29%
Synopsys Inc0.29%
Williams Cos Inc/The0.29%
Elevance Health Inc0.28%
Marsh & McLennan Cos Inc0.28%
Warner Bros Discovery Inc0.27%
Waste Management Inc0.26%
Seagate Technology Holdings PLC0.26%
Travelers Cos Inc/The0.26%
Regeneron Pharmaceuticals Inc0.26%
Motorola Solutions Inc0.25%
Sherwin-Williams Co/The0.25%
SLB Ltd0.25%
EOG Resources Inc0.25%
Cigna Group/The0.25%
Moderna Inc0.25%

Only in XOEX

14 securities, 19.8% of XOEX by weight

Palantir Technologies Inc Class A2.79%
Applied Materials Inc2.04%
Lam Research Corp1.97%
Caterpillar Inc1.89%
United Technologies Corp1.77%
Netflix Inc1.70%
2226792D1.56%
GE Vernova1.51%
Accenture Ltd-Cl A1.04%
Intuitive Surgical Inc1.01%
Uber Technologies Inc0.88%
Medtronic plc0.78%
Booking Holdings Inc0.73%
Defiance Le Cap Ex-Mag 7 Etf0.15%

Weight gaps

All 63 Holdings in both funds, largest gap first.

Holding weights in VOOV and XOEX, widest gap first
Holding	More in VOOVMore in XOEX	VOOV	XOEX
Mastercard IncMA	XOEX +2.89 points	0.51%	3.40%
AbbVie IncABBV	XOEX +2.57 points	0.86%	3.43%
Coca-Cola Co/TheKO	XOEX +1.74 points	0.66%	2.40%
Philip Morris International IncPM	XOEX +1.69 points	0.45%	2.14%
Chevron CorpCVX	XOEX +1.68 points	1.39%	3.07%
General Electric CoGE	XOEX +1.53 points	0.53%	2.06%
Goldman Sachs Group Inc/TheGS	XOEX +1.42 points	0.30%	1.72%
Amgen IncAMGN	XOEX +1.41 points	0.25%	1.66%
Procter & Gamble Co/ThePG	XOEX +1.31 points	1.16%	2.47%
UnitedHealth Group IncUNH	XOEX +1.28 points	1.13%	2.41%
International Business Machines CorpIBM	XOEX +1.26 points	0.34%	1.60%
Merck & Co IncMRK	XOEX +1.20 points	1.23%	2.43%
Home Depot Inc/TheHD	XOEX +1.19 points	0.97%	2.16%
Morgan StanleyMS	XOEX +1.15 points	0.30%	1.45%
Gilead Sciences IncGILD	XOEX +1.10 points	0.29%	1.39%
Oracle CorpORCL	XOEX +1.10 points	0.39%	1.49%
American Express CoAXP	XOEX +0.93 points	0.18%	1.11%
Texas Instruments IncTXN	XOEX +0.93 points	0.88%	1.81%
Bank of America CorpBAC	XOEX +0.92 points	1.22%	2.14%
McDonald's CorpMCD	XOEX +0.89 points	0.31%	1.20%
Thermo Fisher Scientific IncTMO	XOEX +0.83 points	0.86%	1.69%
Wells Fargo & CoWFC	XOEX +0.83 points	0.83%	1.66%
ConocoPhillipsCOP	XOEX +0.70 points	0.52%	1.22%
Walt Disney Co/TheDIS	XOEX +0.64 points	0.62%	1.26%
PepsiCo IncPEP	XOEX +0.64 points	0.59%	1.23%
Union Pacific CorpUNP	XOEX +0.63 points	0.56%	1.19%
Abbott LaboratoriesABT	XOEX +0.62 points	0.59%	1.21%
Citigroup IncC	XOEX +0.61 points	0.74%	1.35%
Boeing Co/TheBA	XOEX +0.61 points	0.28%	0.89%
NextEra Energy IncNEE	XOEX +0.61 points	0.54%	1.15%
Salesforce IncCRM	XOEX +0.58 points	0.65%	1.23%
Pfizer IncPFE	XOEX +0.58 points	0.56%	1.14%
Verizon Communications IncVZ	XOEX +0.57 points	0.65%	1.22%
Blackrock IncBLK	XOEX +0.57 points	0.52%	1.09%
Deere & CoDE	XOEX +0.53 points	0.58%	1.11%
ServiceNow IncNOW	XOEX +0.53 points	0.19%	0.72%
Bank of New York Mellon Corp/TheBNY	XOEX +0.53 points	0.12%	0.65%
Intuit IncINTU	XOEX +0.51 points	0.11%	0.62%
Lockheed Martin CorpLMT	XOEX +0.49 points	0.36%	0.85%
General Dynamics CorpGD	XOEX +0.48 points	0.14%	0.62%
QUALCOMM IncQCOM	XOEX +0.48 points	0.68%	1.16%
Danaher CorpDHR	XOEX +0.48 points	0.48%	0.96%
Altria Group IncMO	XOEX +0.47 points	0.39%	0.86%
Capital One Financial CorpCOF	XOEX +0.42 points	0.41%	0.83%
Lowe's Cos IncLOW	XOEX +0.41 points	0.35%	0.77%
Starbucks CorpSBUX	XOEX +0.41 points	0.37%	0.78%
Bristol-Myers Squibb CoBMY	XOEX +0.40 points	0.44%	0.84%
Charles Schwab Corp/TheSCHW	XOEX +0.39 points	0.55%	0.94%
AT&T IncT	XOEX +0.39 points	0.57%	0.96%
Emerson Electric CoEMR	XOEX +0.39 points	0.21%	0.60%
CVS Health CorpCVS	XOEX +0.38 points	0.38%	0.76%
Southern Co/TheSO	XOEX +0.38 points	0.33%	0.71%
Duke Energy CorpDUK	XOEX +0.35 points	0.31%	0.66%
Adobe IncADBE	XOEX +0.32 points	0.33%	0.65%
American Tower CorpAMT	XOEX +0.32 points	0.26%	0.58%
3M CoMMM	XOEX +0.30 points	0.29%	0.59%
US BancorpUSB	XOEX +0.30 points	0.31%	0.61%
United Parcel Service IncUPS	XOEX +0.30 points	0.24%	0.54%
Mondelez International IncMDLZ	XOEX +0.29 points	0.25%	0.54%
Comcast CorpCMCSA	XOEX +0.28 points	0.26%	0.54%
General Motors CoGM	XOEX +0.27 points	0.23%	0.50%
FedEx CorpFDX	XOEX +0.24 points	0.22%	0.46%
T-Mobile US IncTMUS	XOEX +0.23 points	0.27%	0.50%

All 398 VOOV holdings⁠All 78 XOEX 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.

VOOV vs XOEX Cost

Overpaying XOEX vs VOOV

$1,657

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

VOOV 0.07%
$1,480
XOEX 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

VOOV 0.07%
XOEX 0.15%
Overpaying

Year by year

Year	VOOV	XOEX	Overpaying
10	$128	$274	$146
20	$503	$1,071	$568
30	$1,480	$3,137	$1,657

Expense ratio

0.07%VOOV, cheaper
0.15%XOEX

VOOV0.07%XOEX0.15%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

VOOV 6th cheapest of 42 funds

XOEX 15th cheapest of 42 funds

VOOV vs XOEX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): VOOV 1.62%, better; XOEX 1.46%
Payout (12M): VOOV $3.75; XOEX $0.59
Last payment: VOOV $0.95; XOEX $0.16
Ex-dividend: VOOV Sep 23, 2026; XOEX Sep 18, 2026
Paid on: VOOV Sep 25, 2026; XOEX Sep 25, 2026
Frequency: VOOV Quarterly; XOEX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VOOVQuarterly · 39 paymentsAll VOOV payments⁠

XOEXQuarterly · 16 paymentsAll XOEX payments⁠

VOOV vs XOEX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: VOOV 11.8%, betterXOEX 12.7%
Return per unit of riskSharpe ratio, 3 years: VOOV 1.15XOEX 1.17, better
Worst fallMax drawdown, 5 years: VOOV −18.1%XOEX −14.7%since Nov 2022
Market sensitivityBeta, 5 years: VOOV 0.84XOEX 0.86; Market = 1

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