VB vs DFAS: Holdings Overlap
VBVanguard Small-cap Index Fund
Vanguard · 1312 holdings · $82.5B · as of 2026-03-31
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (VB: 2026-03-31, DFAS: 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 VB and DFAS?
Vanguard Small-cap Index Fund (VB, by Vanguard) holds 1312 positions; Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121. They have 978 holdings in common, and by portfolio weight the two funds are 51.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 978VB holds 1312 · DFAS holds 2121
- Weight in Shared Holdings
- VB 62%·DFAS 83%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 VB
334 of 1312 positions (37.3% of the fund) are not held by DFAS. Showing the top 30 by weight.
Sector Breakdown
| Sector | VB | DFAS |
|---|---|---|
| Industrials | 21.2% | 20.6% |
| Financials | 13.4% | 19.2% |
| Information Technology | 13.8% | 12.0% |
| Consumer Discretionary | 10.5% | 12.4% |
| Health Care | 11.6% | 11.1% |
| Other Sectors | 28.5% | 21.9% |
| Unclassified | 0.7% | 2.7% |
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 VB, 3% of DFAS).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VB | +2.5% | +19.5% | +29.1% | +15.9% | +8.1% | +11.3% | 1.18% |
| DFAS | +3.2% | +20.5% | +31.3% | +14.8% | +9.1% | — | 0.95% |
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 VB vs DFAS →
Shared Holdings(978)
The top 10 shared positions account for 4% of the overlap, led by AA, APA and PR.
 AAAlcoa Corporation COM | 0.25% | 0.22% | 0.22% |
|---|---|---|---|
 APAAPA Corp. COM | 0.21% | 0.25% | 0.21% |
 PRPermian Resources Corporation Class A | 0.23% | 0.21% | 0.21% |
 HIIHuntington Ingalls Industries, Inc. COM | 0.21% | 0.21% | 0.21% |
 OVVOvintiv Inc COM | 0.24% | 0.20% | 0.20% |
 DTMDT Midstream Inc COMMON STOCK | 0.19% | 0.22% | 0.19% |
 WCCWesco International, Inc. COM | 0.19% | 0.29% | 0.19% |
 HASHasbro Inc COM | 0.18% | 0.22% | 0.18% |
 PNFPPinnacle Financial Partners Inc. COM | 0.18% | 0.23% | 0.18% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 0.18% | 0.19% | 0.18% |
 NYTNew York Times Co. (The), Class A | 0.18% | 0.22% | 0.18% |
 FIVEFive Below Inc COM | 0.18% | 0.18% | 0.18% |
 MLIMueller Industries Inc. COM | 0.17% | 0.20% | 0.17% |
 AEISAdvanced Energy Industries, Inc. COM | 0.17% | 0.29% | 0.17% |
 PNWPinnacle West Capital Corp. COM | 0.17% | 0.17% | 0.17% |
 ELANElanco Animal Health Inc COM | 0.17% | 0.21% | 0.17% |
 RRXRegal Rexnord Corporation COM | 0.17% | 0.17% | 0.17% |
 HLHecla Mining Company COM | 0.17% | 0.23% | 0.17% |
 STRLSterling Infrastructure Inc COM | 0.17% | 0.20% | 0.17% |
 ENSGEnsign Group, Inc. (The) | 0.16% | 0.22% | 0.16% |
 GNRCGenerac Holdings Inc. COM | 0.16% | 0.23% | 0.16% |
 MODModine Manufacturing Co. COM | 0.16% | 0.28% | 0.16% |
 BWABorgWarner Inc. COM | 0.16% | 0.25% | 0.16% |
 WBSWebster Financial Corporation | 0.16% | 0.19% | 0.16% |
 JAZZJazz Pharmaceuticals Public Limited Company | 0.15% | 0.25% | 0.15% |
Showing the top 250 of 978 shared holdings by overlap weight.
Frequently Asked Questions
How much do VB and DFAS overlap?
VB and DFAS overlap by 51.0% of portfolio weight. They share 978 holdings (VB holds 1312 positions and DFAS holds 2121), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VB and DFAS?
The two portfolios are 51.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VB and DFAS?
The largest positions held by both funds are AA, APA, PR, HII and OVV. Together the top 10 shared positions account for 4% of the total overlap.
What does VB own that DFAS doesn't?
334 positions (37.3% of VB) are unique to VB, led by EME, NRG and ATO. In the other direction, 1143 positions (16.9% of DFAS) are unique to DFAS.