⚖️ XLK vs VGT Comparison · Free & No Signup

XLK vs VGT: S&P 500 Tech vs All US Information Technology

XLK owns S&P 500 tech stocks. VGT is broader — it also includes smaller tech companies outside the S&P 500. Both are heavily concentrated in Apple, Microsoft, and Nvidia.

💰 XLK is cheaper 🔬 Compare top 10 holdings → 💡 Plain-English verdict
🤝 BFF Take
Similar Funds — XLK Slightly Cheaper, VGT Slightly Broader

XLK (Technology Select Sector SPDR) and VGT (Vanguard Information Technology ETF) are both technology ETFs but draw from different universes. XLK holds only the technology sector stocks within the S&P 500 — about 65 large-cap names, concentrating heavily on Apple, Microsoft, and Nvidia. VGT uses the MSCI US Investable Market IT index, which includes S&P 500 tech names PLUS mid and small-cap technology companies — roughly 300+ holdings. Despite VGT's broader universe, the top holdings are nearly identical since mega-cap tech dominates the weighting. XLK charges 0.09% vs VGT's 0.10%. Both are essentially a mega-cap tech concentration play. Note: Visa and Mastercard are in XLK (classified in tech by S&P GICS) but NOT in VGT (classified as financials by MSCI) — a real composition difference.

📋 Quick Takeaways
💳XLK includes Visa and Mastercard (S&P classifies them as tech); VGT does NOT — a meaningful composition difference
📊XLK holds ~65 S&P 500 tech stocks; VGT holds ~300+ including small and mid-cap tech companies
💰XLK costs 0.09%; VGT costs 0.10% — nearly identical fees, XLK marginally cheaper
📊 Data-Based Take: XLK has the lower fee

Whether the lower-cost fund suits your situation depends on your existing holdings, account type, tax situation, and how you use each fund. This is a cost comparison, not a personalized recommendation.

Reviewed by a CFA® Charterholder · Data as of Jul 14, 2026 · Educational only, not financial advice
XLK
State Street Technology Select Sector SPDR ETF
Expense Ratio
0.09% ✓
1-Year Return
+45.3%
AUM
$123.9B
Holdings
65
VGT
Vanguard Information Technology Index Fund ETF Shares
Expense Ratio
0.10%
1-Year Return
+40.9%
AUM
$169.2B
Holdings
320

📋 XLK vs VGT — Key Facts Side by Side

Metric XLK VGT
Fund Name State Street Technology Select Sector SPDR ETF Vanguard Information Technology Index Fund ETF Shares
Issuer State Street Vanguard
Tracks Index S&P 500 Technology Sector MSCI US Investable Market IT 25/50
Expense Ratio 0.09% ✓ 0.10%
Cost per $10K/yr $9.00 $10.00
AUM $123.9B $169.2B
Holdings 65 320
Inception 1998 2004
1-Year Return +45.35% +40.92%
3-Year Return +30.22% +30.01%
5-Year Return +20.54% +19.12%
Dividend Yield 0.42% 0.36%
Holdings Overlap See holdings overlap →
Avg Bid-Ask Spread 0.00% 0.00%

Expense ratio, AUM, and returns updated Jul 14, 2026 from ETF BFF database. Returns are annualised. Not investment advice.

📊 XLK vs VGT — Annualised Returns

Annualised returns (trailing, price-based). Past performance does not guarantee future results.

🎯 Which Fund Fits Which Investor?

Often fits investors who...
XLK
  • want the lowest fees: saves ~$1/yr per $10K vs VGT
  • already use State Street and prefer staying within one fund family
Often fits investors who...
VGT
  • want broader diversification (320 holdings vs 65)
  • already use Vanguard and prefer staying within one fund family

💰 What the Fee Difference Actually Costs

Adjust the numbers for your situation. This models each fund's expense ratio compounding against your balance over time.

Assumes a constant annual return reinvested, with each fund's expense ratio deducted yearly. Illustrative only; actual returns vary. Past performance does not guarantee future results.

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❓ XLK vs VGT — Frequently Asked Questions

XLK holds only tech sector stocks within the S&P 500 (~65 names) using S&P GICS sector classification. VGT tracks MSCI's US Information Technology universe (~300+ stocks) including mid and small-cap tech. The most significant holdings difference: XLK includes Visa and Mastercard (S&P classifies them as tech); VGT does not (MSCI classifies them as financials). Both heavily concentrate in Apple, Microsoft, and Nvidia at the top.
Performance between XLK and VGT has been very similar over time, within 1-2% per year. The key driver for both is the mega-cap tech holdings — Apple, Microsoft, Nvidia — which dominate both portfolios by weight. XLK has occasionally benefited from Visa/Mastercard inclusion when payments outperform; VGT gets more from small/mid-cap tech when that segment leads.
Adding either alongside VOO or VTI intentionally overweights technology beyond its natural S&P 500 weight (~32%). This is a deliberate active bet on technology outperformance. Technology has been the dominant US sector for over a decade, but sector concentration adds meaningful risk. In 2022, both XLK and VGT fell over 30% while the S&P 500 fell ~18%. Sector ETFs work best for investors who want a specific thesis-driven allocation, not as core holdings.
QQQ (Nasdaq-100) is often compared to tech ETFs but differs in a few ways: QQQ includes non-tech Nasdaq companies like Amazon, Tesla, and Costco. XLK and VGT specifically target the IT sector. That said, the top 10 holdings are heavily overlapping across all three — Apple, Microsoft, and Nvidia lead all of them. QQQ charges 0.20%, making it more expensive than XLK (0.09%) or VGT (0.10%).
S&P (used by XLK) classifies Visa and Mastercard under the Technology sector using GICS. MSCI (used by VGT) classifies them under Financials. This is a longstanding disagreement between index providers about whether payments companies are fundamentally tech or financial services businesses. The result: XLK includes V and MA (~5% combined weight); VGT does not. This is the most meaningful fundamental composition difference between the two ETFs.

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📄 XLK & VGT Fact Sheets

XLK Fact Sheet VGT Fact Sheet
ℹ️ Data shown is for educational purposes and may not reflect the most current figures. Returns are trailing price-based and exclude dividend reinvestment. Past performance does not guarantee future results. ETF BFF is not a licensed financial advisor — this is not personalized financial advice.