VOXP vs XTL

VOXPBVox Populi ETF

XTLCState Street SPDR S&P Telecom ETF

In short

VOXP US communication services beyond the mega caps: one index sleeve spanning large, mid and small caps, with 25/50 rules capping how far the sector's giants can dominate. A small, lightly traded fund running a very big fund's blueprint.

XTL Telecom, not "communication services." XTL's index sticks to carriers and the equipment makers behind them, and weights them close to equally, so a small-cap gear supplier can count for as much as a national wireless giant.

Stated mandate

VOXP The Fund seeks to track a benchmark measuring the investment return of communication services stocks.

XTL The fund seeks to track, before fees and expenses, the total return performance of the S&P Telecom Select Industry Index.

Why people hold it

• VOXP Costs 0.30% a year, under the 0.35% median for broad communication services funds, and it distributes quarterly.
• Its benchmark is a sector slice of the MSCI US Investable Market Index, which spans large, mid and small cap US stocks, so the basket reaches past the mega caps.msci.com
• The 25/50 rules cap any one issuer at 25% of the index and hold all positions above 5% to 50% combined, a structural check on concentration.msci.com

• XTL Modified equal weighting spreads about 40 names across large, mid and small caps, so no single carrier dominates the basket.ssga.com
• Pure telecom mandate: alternative carriers, communications equipment, integrated telecom and wireless. No social media or streaming riding along under a sector label.ssga.com
• The 0.35% fee sits just under the median for its communication-services peer group, and below iShares' IYZ at 0.37%.
• Live since 2011, with a record spanning multiple telecom build-out cycles and enough regular trading for ordinary retail-size orders.

Worth knowing

• VOXP Vanguard's VOX tracks the same declared index for 0.09%, so the fee gap is the main thing to weigh between two funds built on one blueprint.
• Small asset base and light trading volume mean wider spreads than the category's giants; limit orders matter more here.
• Launched in 2022, so it has far less track record than the decade-plus incumbents, and long-run tracking data is thin.

• XTL Broad communication-services rivals XLC, FCOM and VOX charge under 0.10%. The narrower, equal-weighted build costs several times that.
• Equal weighting puts real money into small and mid cap equipment makers, so price swings tend to run wider than a mega-cap carrier basket.ssga.com
• About 40 stocks inside one industry means single-company news lands harder here. Distributions arrive quarterly.

Full VOXP profile⁠

Full XTL profile⁠