SPSM vs VBR: Holdings Overlap
SPSMState Street® SPDR® Portfolio S&P 600™ Small Cap ETF
State Street (SPDR) · 604 holdings · $17.3B · as of 2026-08-06
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
Holdings snapshots are 128 days apart (SPSM: 2026-08-06, VBR: 2026-03-31). 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 SPSM and VBR?
State Street® SPDR® Portfolio S&P 600™ Small Cap ETF (SPSM, by State Street (SPDR)) holds 604 positions; Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838. They have 342 holdings in common, and by portfolio weight the two funds are 20.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 342SPSM holds 604 · VBR holds 838
- Weight in Shared Holdings
- SPSM 57%·VBR 21%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 SPSM
262 of 604 positions (42.6% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPSM | VBR |
|---|---|---|
| Financials | 19.0% | 18.7% |
| Industrials | 17.4% | 18.8% |
| Consumer Discretionary | 13.9% | 10.9% |
| Information Technology | 12.8% | 8.2% |
| Health Care | 10.6% | 8.4% |
| Other Sectors | 25.1% | 34.3% |
| Unclassified | 0.9% | 0.5% |
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 (1% of SPSM, 1% of VBR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPSM | +2.4% | +24.5% | +36.5% | +14.6% | +7.7% | +10.9% | 1.36% |
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
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 SPSM vs VBR →
Shared Holdings(342)
The top 10 shared positions account for 9% of the overlap, led by EMN, ESI and CAG.
 EMNEastman Chemical Company COM | 0.46% | 0.21% | 0.21% |
|---|---|---|---|
 ESIElement Solutions Inc COM | 0.48% | 0.20% | 0.20% |
 CAGConagra Brands Inc COM | 0.39% | 0.18% | 0.18% |
 LKQLKQ Corporation COM | 0.34% | 0.18% | 0.18% |
 JXNJackson Financial, Inc., Class A | 0.51% | 0.18% | 0.18% |
 SMSM Energy Co. COM | 0.36% | 0.18% | 0.18% |
 PRIMPrimoris Services Corp. COM | 0.24% | 0.18% | 0.18% |
 CECelanese Corporation COM | 0.26% | 0.17% | 0.17% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.42% | 0.17% | 0.17% |
 EPAMEPAM Systems Inc. COM | 0.27% | 0.17% | 0.17% |
 LNCLincoln National Corp. COM | 0.43% | 0.16% | 0.16% |
 QRVOQorvo Inc COM | 0.42% | 0.16% | 0.16% |
 TRNOTerreno Realty Corporation COM | 0.40% | 0.15% | 0.15% |
 VSATViaSat, Inc. COM | 0.61% | 0.14% | 0.14% |
 CRCCalifornia Resources Corporation COM STOCK | 0.22% | 0.14% | 0.14% |
 LWLamb Weston Holdings Inc COM | 0.39% | 0.14% | 0.14% |
 AROCArchrock Inc COM | 0.32% | 0.14% | 0.14% |
 PLXSPlexus Corp COM | 0.39% | 0.13% | 0.13% |
 VSNTVersant Media Group Inc. COM CL A | 0.29% | 0.13% | 0.13% |
 NPOEnpro Inc COM | 0.39% | 0.13% | 0.13% |
 TFXTeleflex Incorporated COM | 0.34% | 0.13% | 0.13% |
 RITMRithm Capital Corp. COM NEW | 0.30% | 0.13% | 0.13% |
 ACAArcosa Inc COM | 0.39% | 0.13% | 0.13% |
 PIPRPiper Sandler Companies COM NEW | 0.28% | 0.13% | 0.13% |
 MHKMohawk Industries, Inc. COM | 0.37% | 0.12% | 0.12% |
Showing the top 250 of 342 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPSM and VBR overlap?
SPSM and VBR overlap by 20.9% of portfolio weight. They share 342 holdings (SPSM holds 604 positions and VBR holds 838), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPSM and VBR?
The two portfolios are 20.9% 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 SPSM and VBR?
The largest positions held by both funds are EMN, ESI, CAG, LKQ and JXN. Together the top 10 shared positions account for 9% of the total overlap.
What does SPSM own that VBR doesn't?
262 positions (42.6% of SPSM) are unique to SPSM, led by CORT, GKOS and EAT. In the other direction, 496 positions (79.0% of VBR) are unique to VBR.