DES vs VAW: Holdings Overlap
DESWisdomTree U.S. SmallCap Dividend Fund
WisdomTree · 530 holdings · $2.2B · as of 2026-03-31
VAWVanguard Materials Index Fund
Vanguard · 110 holdings · $3.0B · as of 2026-05-31
Holdings snapshots are 61 days apart (DES: 2026-03-31, VAW: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DES and VAW?
WisdomTree U.S. SmallCap Dividend Fund (DES, by WisdomTree) holds 530 positions; Vanguard Materials Index Fund (VAW, by Vanguard) holds 110. They have 25 holdings in common, and by portfolio weight the two funds are 3.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25DES holds 530 · VAW holds 110
- Weight in Shared Holdings
- DES 8%·VAW 4%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DES
505 of 530 positions (91.8% of the fund) are not held by VAW. Showing the top 30 by weight.
Sector Breakdown
| Sector | DES | VAW |
|---|---|---|
| Materials | 7.7% | 99.5% |
| Financials | 23.2% | 0.0% |
| Consumer Discretionary | 13.8% | 0.0% |
| Industrials | 13.1% | 0.0% |
| Energy | 11.3% | 0.3% |
| Other Sectors | 26.4% | 0.0% |
| Unclassified | 4.2% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (4% of DES, 0% of VAW).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DES | +3.2% | +24.6% | +33.0% | +13.6% | +8.4% | +8.2% | 2.22% |
| VAW | +3.2% | +14.7% | +20.8% | +10.3% | +7.0% | +10.1% | 1.34% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DES vs VAW →
Shared Holdings(25)
The top 10 shared positions account for 62% of the overlap, led by SON, CBT and SXT.
 SONSonoco Products Company COM | 1.06% | 0.31% | 0.31% |
|---|---|---|---|
 CBTCabot Corporation COM | 0.49% | 0.30% | 0.30% |
 SXTSensient Technologies Corp COM | 0.30% | 0.26% | 0.26% |
 FULH B Fuller Company COM | 0.27% | 0.22% | 0.22% |
 SLGNSilgan Holdings Inc. COM | 0.38% | 0.22% | 0.22% |
 CCThe Chemours Company LLC COM | 0.46% | 0.21% | 0.21% |
 AVNTAvient Corporation COM | 0.52% | 0.21% | 0.21% |
 HCCWarrior Met Coal Inc COM | 0.20% | 0.32% | 0.20% |
 OLNOlin Corporation COM PAR $1 | 0.56% | 0.19% | 0.19% |
 KALUKaiser Aluminium Corporation COM PAR $0.01 | 0.40% | 0.19% | 0.19% |
 SMGThe Scotts Miracle-Gro Company CL A | 0.66% | 0.18% | 0.18% |
 HWKNHawkins Inc COM | 0.16% | 0.20% | 0.16% |
 MTXMinerals Technologies Inc. COM | 0.17% | 0.15% | 0.15% |
 MTRNMaterion Corp COM | 0.15% | 0.29% | 0.15% |
 KWRQuaker Chemical Corp. | 0.19% | 0.13% | 0.13% |
 GEFGreif, Inc., Class A | 0.29% | 0.10% | 0.10% |
 WSWorthington Steel Inc. COM SHS | 0.17% | 0.09% | 0.09% |
 TRSTrimas Corporation COM NEW | 0.13% | 0.09% | 0.09% |
 RYZRyerson Holding Corporation COM | 0.26% | 0.09% | 0.09% |
 SLVMSylvamo Corp. COMMON STOCK | 0.30% | 0.08% | 0.08% |
 USLMUnited States Lime & Minerals Inc. COM | 0.17% | 0.08% | 0.08% |
 KOPKoppers Holdings Inc COM | 0.14% | 0.05% | 0.05% |
 MYEMyers Industries Inc. COM | 0.21% | 0.05% | 0.05% |
 MATVMativ Holdings Inc COM | 0.13% | 0.03% | 0.03% |
| KRONOS Worldwide Inc. COM | 0.21% | 0.01% | 0.01% |
Frequently Asked Questions
How much do DES and VAW overlap?
DES and VAW overlap by 3.7% of portfolio weight. They share 25 holdings (DES holds 530 positions and VAW holds 110), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DES and VAW?
The two portfolios are 3.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of DES and VAW?
The largest positions held by both funds are SON, CBT, SXT, FUL and SLGN. Together the top 10 shared positions account for 62% of the total overlap.
What does DES own that VAW doesn't?
505 positions (91.8% of DES) are unique to DES, led by TFSL, KGS and EPR. In the other direction, 85 positions (95.8% of VAW) are unique to VAW.