DES vs VPU: Holdings Overlap
DESWisdomTree U.S. SmallCap Dividend Fund
WisdomTree · 530 holdings · $2.2B · as of 2026-03-31
VPUVanguard Utilities Index Fund
Vanguard · 66 holdings · $8.5B · as of 2026-05-31
Holdings snapshots are 61 days apart (DES: 2026-03-31, VPU: 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 VPU?
WisdomTree U.S. SmallCap Dividend Fund (DES, by WisdomTree) holds 530 positions; Vanguard Utilities Index Fund (VPU, by Vanguard) holds 66. They have 13 holdings in common, and by portfolio weight the two funds are 2.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13DES holds 530 · VPU holds 66
- Weight in Shared Holdings
- DES 5%·VPU 2%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
517 of 530 positions (95.0% of the fund) are not held by VPU. Showing the top 30 by weight.
Sector Breakdown
| Sector | DES | VPU |
|---|---|---|
| Utilities | 4.8% | 99.6% |
| Financials | 23.2% | 0.0% |
| Consumer Discretionary | 13.8% | 0.0% |
| Industrials | 13.1% | 0.0% |
| Energy | 11.3% | 0.0% |
| Other Sectors | 29.3% | 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 VPU).
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% |
| VPU | -4.3% | +3.4% | +3.8% | +14.2% | +8.4% | +8.8% | 2.74% |
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 VPU →
Shared Holdings(13)
The top 10 shared positions account for 97% of the overlap, led by NWE, MDU and AVA.
 NWENorthWestern Energy Group Inc COM NEW | 0.92% | 0.29% | 0.29% |
|---|---|---|---|
 MDUMDU Resources Group, Inc. COM | 0.49% | 0.27% | 0.27% |
 AVAAvista Corporation COM | 0.65% | 0.22% | 0.22% |
 OTTROtter Tail Corporation COM | 0.41% | 0.22% | 0.22% |
 AWRAmerican States Water Co. COM | 0.36% | 0.20% | 0.20% |
 CPKChesapeake Utilities Corporation COM | 0.30% | 0.19% | 0.19% |
 MGEEMGE Energy Inc. COM | 0.33% | 0.18% | 0.18% |
 CWTCalifornia Water Service Group COM | 0.33% | 0.18% | 0.18% |
 NWNNorthwest Natural Holding Company COM | 0.56% | 0.13% | 0.13% |
 MSEXMiddlesex Water Co. COM | 0.18% | 0.06% | 0.06% |
 YORWThe York Water Co. COM | 0.12% | 0.03% | 0.03% |
| Artesian Resources Corp., Class A | 0.08% | 0.02% | 0.02% |
| Genie Energy Ltd., Class B | 0.09% | 0.01% | 0.01% |
Frequently Asked Questions
How much do DES and VPU overlap?
DES and VPU overlap by 2.0% of portfolio weight. They share 13 holdings (DES holds 530 positions and VPU holds 66), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DES and VPU?
The two portfolios are 2.0% 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 VPU?
The largest positions held by both funds are NWE, MDU, AVA, OTTR and AWR. Together the top 10 shared positions account for 97% of the total overlap.
What does DES own that VPU doesn't?
517 positions (95.0% of DES) are unique to DES, led by SON, TFSL and KGS. In the other direction, 53 positions (97.6% of VPU) are unique to VPU.