VOO vs XLI
Vanguard S&P 500 ETF vs State Street Industrial Select Sector SPDR ETF
Which is better, VOO or XLI?
Large Cap Blend against Large Cap Value.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 39.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VOO | XLI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.08% |
| AUM | $997.4B | $31.7B |
| Dividend Yield | 1.04% | 1.18% |
| Holdings | 509 | 84 |
| YTD Return | +11.01%Best | +7.36% |
| 1Y Return | +15.60%Best | +12.55% |
| 3Y Return (annualized) | +20.82%Best | +18.81% |
| 5Y Return (annualized) | +12.60%Best | +12.40% |
| Volatility (annualized) | 14.1%Best | 17.3% |
| Max Drawdown | -34.3%Best | -42.8% |
| $10,000 over 5 years | $18,101Best | $17,940 |
| Top 10 Weight | 37.6%Best | 39.6% |
| Fund Family | Vanguard (US) | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Sep 7, 2010 | Dec 16, 1998 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 16, 2026 (16 years).
VOO vs XLI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
VOO vs XLI Performance
Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US) and State Street Industrial Select Sector SPDR ETF (XLI) is an ETF from SPDR State Street Global Advisors. Over the past year VOO returned +15.60% while XLI returned +12.55%. Year to date, VOO is up 11.01% versus a gain of 7.36% for XLI.
Over three years, VOO compounded at +20.82% per year against +18.81% for XLI; over five years the annualized figures are +12.60% and +12.40% respectively. Across the full 16-year window we track, VOO has the edge at +13.30% annualized vs +11.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLI has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.3% for VOO and -42.8% for XLI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VOO charges 0.03% per year while XLI charges 0.08%. On a $10,000 position that is $3 vs $8 annually, a gap of $5 per year that compounds over a long holding period. On income, VOO currently yields 1.04% against 1.18% for XLI.
Holdings Overlap
8.5% of VOO's money is in holdings XLI also owns. 97.3% of XLI's money is in holdings VOO also owns.
Most of XLI is already inside VOO. Owning both mostly buys the same companies twice.
79 positions in common, counted across the 494 positions we hold weights for in VOO and 84 in XLI, against full books of 509 and 84.
What only one of them owns
Measured across the 494 and 84 positions we hold weights for.
VOO holds 408 positions XLI does not, 90.6% of the fund.
Largest: NVDA 7.55%, AAPL 7.05%, MSFT 5.36%, AMZN 4.13%, GOOGL 3.24%
Top Shared Holdings
| Stock | Weight in VOO | Weight in XLI | Difference |
|---|---|---|---|
| CATCaterpillar, Inc. | 0.58% | 6.61% | 6.03% |
| GEGeneral Electric Co. | 0.58% | 6.37% | 5.79% |
| RTXRaytheon Co. | 0.45% | 5.09% | 4.64% |
| GEVGE Vernova Inc. CDR (CAD Hedged) | 0.41% | 4.45% | 4.04% |
| UNPUnion Pacific Corp | 0.27% | 3.18% | 2.91% |
| DEDeere & Co Sedol 2261203 | 0.23% | 3.13% | 2.90% |
| BABoeing Co | 0.26% | 2.99% | 2.73% |
| ETNEaton Corp Plc | 0.25% | 2.80% | 2.55% |
| UBERUber Technologies Inc | 0.22% | 2.82% | 2.60% |
| PHParker-Hannifin Corp. | 0.19% | 2.21% | 2.02% |
97.3% of XLI is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VOO or XLI?
VOO has an expense ratio of 0.03% while XLI charges 0.08%. VOO is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, VOO or XLI?
Over the past year VOO returned +15.60% vs +12.55% for XLI, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.30% vs +11.92% for XLI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VOO or XLI?
XLI has been the more volatile fund at 17.3% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs XLI -42.8%.
Should I hold both VOO and XLI?
VOO and XLI have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between VOO and XLI?
97.3% of XLI's money is in holdings VOO also owns. 97.3% of XLI's is in holdings VOO also owns. They hold 79 positions in common, counted across the 494 positions we hold weights for in VOO and 84 in XLI.
Which pays a higher dividend, VOO or XLI?
VOO yields 1.04% while XLI yields 1.18%, so XLI currently pays the higher dividend yield.
Is XLI better than VOO?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 39.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.