PBUS vs VLUE: Holdings Overlap
Invesco · 537 holdings · $11.4B · as of 2026-05-31
VLUEiShares MSCI USA Value Factor ETF
iShares · 148 holdings · $9.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (PBUS: 2026-05-31, VLUE: 2026-04-30). 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 PBUS and VLUE?
Invesco MSCI USA ETF (PBUS, by Invesco) holds 537 positions; iShares MSCI USA Value Factor ETF (VLUE, by iShares) holds 148. They have 146 holdings in common, and by portfolio weight the two funds are 14.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 146PBUS holds 537 · VLUE holds 148
- Weight in Shared Holdings
- PBUS 15%·VLUE 99%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 PBUS
391 of 537 positions (85.0% of the fund) are not held by VLUE. Showing the top 30 by weight.
Sector Breakdown
| Sector | PBUS | VLUE |
|---|---|---|
| Information Technology | 38.0% | 43.9% |
| Financials | 11.1% | 10.9% |
| Communication Services | 10.7% | 8.3% |
| Consumer Discretionary | 9.7% | 8.0% |
| Industrials | 8.5% | 7.6% |
| Other Sectors | 21.6% | 21.1% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
| VLUE | +3.0% | +45.7% | +77.9% | +30.1% | +16.5% | +14.7% | 1.42% |
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 PBUS vs VLUE →
Shared Holdings(146)
The top 10 shared positions account for 42% of the overlap, led by MU, INTC and CSCO.
 MUMicron Technology Inc. COM | 1.65% | 11.60% | 1.65% |
|---|---|---|---|
 INTCIntel Corporation COM | 0.78% | 9.26% | 0.78% |
 CSCOCisco Systems, Inc. COM | 0.72% | 4.96% | 0.72% |
 AMATApplied Materials Inc. COM | 0.54% | 3.66% | 0.54% |
 BACBank of America Corp. COM | 0.54% | 1.88% | 0.54% |
 MRKMerck & Co., Inc COM | 0.45% | 1.57% | 0.45% |
 QCOMQUALCOMM Inc. COM | 0.40% | 1.80% | 0.40% |
 WFCWells Fargo & Co. COM | 0.37% | 1.11% | 0.37% |
 CCitigroup Inc. COM NEW | 0.34% | 1.94% | 0.34% |
 VZVerizon Communications Inc. COM | 0.31% | 2.66% | 0.31% |
 DISWalt Disney Company COM | 0.28% | 1.09% | 0.28% |
 WDCWestern Digital Corp. COM | 0.27% | 1.88% | 0.27% |
 TAT&T Inc COM | 0.27% | 2.53% | 0.27% |
 PFEPfizer Inc. COM | 0.23% | 1.49% | 0.23% |
 DELLDell Technologies, Inc., Class C | 0.20% | 0.86% | 0.20% |
 NEMNewmont Corporation COM | 0.18% | 0.64% | 0.18% |
 COFCapital One Financial Corp. COM | 0.18% | 0.62% | 0.18% |
 BMYBristol-Myers Squibb Company COM | 0.18% | 1.08% | 0.18% |
 CVSCVS Health Corp COM | 0.17% | 1.11% | 0.17% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 0.17% | 0.65% | 0.17% |
 FDXFedEx Corporation COM | 0.14% | 1.69% | 0.14% |
 CMCSAComcast Corporation CL A | 0.14% | 1.50% | 0.14% |
 ELVElevance Health Inc. COM | 0.13% | 0.63% | 0.13% |
 PNCPNC Financial Services Group, Inc. (The) | 0.13% | 0.45% | 0.13% |
 USBU.S. Bancorp. COM NEW | 0.13% | 0.52% | 0.13% |
Frequently Asked Questions
How much do PBUS and VLUE overlap?
PBUS and VLUE overlap by 14.7% of portfolio weight. They share 146 holdings (PBUS holds 537 positions and VLUE holds 148), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PBUS and VLUE?
The two portfolios are 14.7% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of PBUS and VLUE?
The largest positions held by both funds are MU, INTC, CSCO, AMAT and BAC. Together the top 10 shared positions account for 42% of the total overlap.
What does PBUS own that VLUE doesn't?
391 positions (85.0% of PBUS) are unique to PBUS, led by NVDA, AAPL and MSFT. In the other direction, 2 positions (0.7% of VLUE) are unique to VLUE.