# Does XLE diversify a portfolio of VOO 60%, QQQ 20% and VXUS 20%?

The overlap of XLE with VOO 60%, QQQ 20% and VXUS 20% is 2.2% by weight, by the issuer files of 2026-08-31 for VOO and VXUS, and 2026-10-12 for QQQ and XLE; their weekly returns had a 0.13 correlation over 156 weeks to 2026-10-13, and 0.65 on the 60 weeks the portfolio fell.

Correlation measures how two ETFs move together: 1 means always together, 0 means no link, below 0 means opposite. Overlap measures how much of an ETF's weight is in companies you already hold, counted at the smaller weight.

## How does XLE compare with your portfolio?

Numbered by the ranking: the lowest overlap first, then the lowest weekly correlation.

### 1. [XLE](https://tickerinside.com/etf/xle/), Energy Select Sector SPDR Fund

- Weekly correlation with your portfolio: 0.13. Moved almost independently of your portfolio.
- Overlap with your portfolio: 2.2% by weight.
- When your portfolio fell: 0.65 over 60 weeks, it moved mostly with it.
- With 10% in XLE and 90% in VOO, QQQ and VXUS at their weights, the portfolio's annualised weekly volatility over the 156 weeks to 2026-10-13 would have been 13.5% instead of 14.5%.

## How did $100 grow in the portfolio and XLE?

$100 in the portfolio became $194 over the 156 weeks from 2023-10-20 to 2026-10-13; in XLE $161. Each line compounds the weekly returns the correlations are measured on.

## How does XLE compare, figure by figure?

| ETF | Overlap by weight | Weekly correlation, 156 weeks | On down weeks, 60 weeks | Mega-cap tech | Largest sector | Largest country outside the US |
|---|---:|---:|---:|---:|---|---|
| [XLE](https://tickerinside.com/etf/xle/), Energy Select Sector SPDR Fund | 2.2% | 0.13 | 0.65 | 0.0% | Energy 99.8% | None, 99.8% US |
| VOO, QQQ, VXUS, your ETFs at your weights | | | | 29.9% | Technology 37.5% | Japan 3.1% |

Sorted by overlap, then by weekly correlation, lowest first. Holdings files: VOO 2026-08-31, QQQ 2026-10-12, VXUS 2026-08-31, XLE 2026-10-12. Weekly returns over the 156 weeks to 2026-10-13; down weeks are the 60 weeks their combined return was below zero.

## Questions and answers

**How much of XLE is in companies VOO 60%, QQQ 20% and VXUS 20% also hold?**
100.0% of XLE's weight is in 21 holdings they also hold (by ticker); counted at the smaller of the two weights, the overlap is 2.2%. XOM, CVX and COP account for 0.61, 0.35 and 0.15 points of it. XLE holdings of 2026-10-12.

**How much of XLE is in mega-cap tech, and how much of VOO 60%, QQQ 20% and VXUS 20%?**
XLE 0.0%; VOO 60%, QQQ 20% and VXUS 20% hold 29.9%.

**How much of XLE is in the United States, and how much of VOO 60%, QQQ 20% and VXUS 20%?**
XLE: 99.8% in the United States (holdings of 2026-10-12). VOO 60%, QQQ 20% and VXUS 20% hold 79.3% there.

How each figure is measured, and the order of the table: https://tickerinside.com/how-the-numbers-are-produced/#diversify

Share this answer: https://tickerinside.com/diversify/?have=VOO:60,QQQ:20,VXUS:20&try=XLE
JSON: https://tickerinside.com/api/v1/diversify?have=VOO:60,QQQ:20,VXUS:20&try=XLE
Sources: VOO https://tickerinside.com/etf/voo/, QQQ https://tickerinside.com/etf/qqq/, VXUS https://tickerinside.com/etf/vxus/, XLE https://tickerinside.com/etf/xle/.
Measurement, not investment advice. CC BY 4.0, cite as: TickerInside (tickerinside.com), Does it diversify me?, https://tickerinside.com/diversify/?have=VOO:60,QQQ:20,VXUS:20&try=XLE, from the ETFs' holdings files and weekly prices, dated as shown.
Canonical page: https://tickerinside.com/diversify/