VB vs XMHQ: Holdings Overlap
VBVanguard Small-cap Index Fund
Vanguard · 1312 holdings · $82.5B · as of 2026-03-31
XMHQInvesco S&P MidCap Quality ETF
Invesco · 80 holdings · $5.5B · as of 2026-04-30
Holdings snapshots are 30 days apart (VB: 2026-03-31, XMHQ: 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 XMHQ?
Vanguard Small-cap Index Fund (VB, by Vanguard) holds 1312 positions; Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80. They have 79 holdings in common, and by portfolio weight the two funds are 9.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 79VB holds 1312 · XMHQ holds 80
- Weight in Shared Holdings
- VB 9%·XMHQ 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 VB
1233 of 1312 positions (90.5% of the fund) are not held by XMHQ. Showing the top 30 by weight.
Only in XMHQ
1 of 80 positions (1.2% of the fund) are not held by VB.
ALVAutoliv, Inc.1.16%
Sector Breakdown
| Sector | VB | XMHQ |
|---|---|---|
| Industrials | 21.2% | 28.5% |
| Health Care | 11.6% | 19.7% |
| Financials | 13.4% | 15.1% |
| Information Technology | 13.8% | 8.4% |
| Consumer Discretionary | 10.5% | 9.5% |
| Other Sectors | 28.5% | 18.8% |
| Unclassified | 0.7% | 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 (1% of VB, 0% of XMHQ).
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% |
| XMHQ | +4.3% | +16.0% | +18.7% | +14.6% | +10.6% | +13.0% | 0.55% |
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 XMHQ →
Shared Holdings(79)
The top 10 shared positions account for 30% of the overlap, led by FTI, UTHR and RGLD.
 FTITechnipFMC PLC USD1 | 0.39% | 4.95% | 0.39% |
|---|---|---|---|
 UTHRUnited Therapeutics Corporation COM | 0.36% | 3.98% | 0.36% |
 RGLDRoyal Gold, Inc. COM | 0.30% | 2.38% | 0.30% |
 TWLOTwilio, Inc., Class A | 0.27% | 3.00% | 0.27% |
 BWXTBWX Technologies Inc. COM | 0.26% | 2.35% | 0.26% |
 CRSCarpenter Technology Corporation COM | 0.26% | 2.72% | 0.26% |
 ILMNIllumina Inc COM | 0.25% | 3.55% | 0.25% |
 AAAlcoa Corporation COM | 0.25% | 1.94% | 0.25% |
 NXTNextpower Inc. CLASS A COM | 0.24% | 2.53% | 0.24% |
 TLNTalen Energy Corporation COM | 0.20% | 2.22% | 0.20% |
 GGGGraco Inc COM | 0.20% | 1.52% | 0.20% |
 LECOLincoln Electric Holdings Inc. COM | 0.19% | 1.99% | 0.19% |
 CSLCarlisle Companies Incorporated | 0.19% | 2.74% | 0.19% |
 RNRRenaissancere Holdings Ltd. COM USD1 | 0.18% | 1.72% | 0.18% |
 PENPenumbra Inc. COM | 0.17% | 1.93% | 0.17% |
 ELANElanco Animal Health Inc COM | 0.17% | 1.44% | 0.17% |
 STRLSterling Infrastructure Inc COM | 0.17% | 2.61% | 0.17% |
 CCKCrown Holdings Inc COM | 0.16% | 1.41% | 0.16% |
 EVREvercore, Inc., Class A | 0.16% | 1.80% | 0.16% |
 ACMAECOM | 0.15% | 1.47% | 0.15% |
 TXRHTexas Roadhouse Inc COM | 0.15% | 1.48% | 0.15% |
 MEDPMedpace Holdings Inc. COM | 0.15% | 2.54% | 0.15% |
 EXELExelixis, Inc. COM | 0.15% | 2.13% | 0.15% |
 28TTopbuild Corporation COM | 0.14% | 1.46% | 0.14% |
 DCIDonaldson Company Inc. | 0.14% | 1.30% | 0.14% |
Frequently Asked Questions
How much do VB and XMHQ overlap?
VB and XMHQ overlap by 9.3% of portfolio weight. They share 79 holdings (VB holds 1312 positions and XMHQ holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VB and XMHQ?
The two portfolios are 9.3% 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 VB and XMHQ?
The largest positions held by both funds are FTI, UTHR, RGLD, TWLO and BWXT. Together the top 10 shared positions account for 30% of the total overlap.
What does VB own that XMHQ doesn't?
1233 positions (90.5% of VB) are unique to VB, led by EME, NRG and ATO. In the other direction, 1 positions (1.2% of XMHQ) are unique to XMHQ.