SHLD vs VTWO: Holdings Overlap
Global X · 48 holdings · $7.6B · as of 2026-05-31
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
How similar are SHLD and VTWO?
Global X Defense Tech ETF (SHLD, by Global X) holds 48 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 11 holdings in common, and by portfolio weight the two funds are 1.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SHLD holds 48 · VTWO holds 1952
- Weight in Shared Holdings
- SHLD 8%·VTWO 1%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 SHLD
37 of 48 positions (91.6% of the fund) are not held by VTWO. Showing the top 30 by weight.
Only in VTWO
1941 of 1952 positions (98.3% of the fund) are not held by SHLD. Showing the top 30 by weight.
Sector Breakdown
| Sector | SHLD | VTWO |
|---|---|---|
| Industrials | 82.5% | 19.4% |
| Information Technology | 8.0% | 17.8% |
| Health Care | 0.0% | 15.5% |
| Financials | 0.0% | 14.3% |
| Consumer Discretionary | 0.0% | 7.3% |
| Other Sectors | 0.0% | 20.8% |
| Unclassified | 9.1% | 4.8% |
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 (9% of SHLD, 5% of VTWO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
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 SHLD vs VTWO →
Shared Holdings(11)
The top 10 shared positions account for 100% of the overlap, led by KTOS, MOG-A and AVAV.
 KTOSKRATOS DEFENSE and SECURITY SOLU COMMON STOCK USD.001 | 1.81% | 0.34% | 0.34% |
|---|---|---|---|
 MOG-AMoog, Inc., Class A | 1.70% | 0.30% | 0.30% |
 AVAVAeroVironment, Inc. COM | 1.32% | 0.23% | 0.23% |
 MRCYMercury Systems Inc COM | 1.13% | 0.18% | 0.18% |
 OSISOSI System Inc. COM | 0.58% | 0.10% | 0.10% |
 VOYGVoyager Technologies, Inc., Class A | 0.43% | 0.07% | 0.07% |
 BBAIBigbear Ai Holdings Incorporated COM | 0.37% | 0.06% | 0.06% |
 BKSYBlackSky Technology, Inc., Class A | 0.24% | 0.05% | 0.05% |
 RCATRed Cat Holdings Inc. COM | 0.26% | 0.04% | 0.04% |
 NPKNational Presto Industries Inc. COM | 0.11% | 0.02% | 0.02% |
| Telos Corp. | 0.04% | 0.01% | 0.01% |
Frequently Asked Questions
How much do SHLD and VTWO overlap?
SHLD and VTWO overlap by 1.4% of portfolio weight. They share 11 holdings (SHLD holds 48 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SHLD and VTWO?
The two portfolios are 1.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SHLD and VTWO?
The largest positions held by both funds are KTOS, MOG-A, AVAV, MRCY and OSIS. Together the top 10 shared positions account for 100% of the total overlap.
What does SHLD own that VTWO doesn't?
37 positions (91.6% of SHLD) are unique to SHLD, led by LMT, RTX and GD. In the other direction, 1941 positions (98.3% of VTWO) are unique to VTWO.