VBK vs VNQ: Holdings Overlap
VBKVanguard Small-cap Growth Index Fund
Vanguard · 551 holdings · $24.3B · as of 2026-03-31
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (VBK: 2026-03-31, VNQ: 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 VBK and VNQ?
Vanguard Small-cap Growth Index Fund (VBK, by Vanguard) holds 551 positions; Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146. They have 26 holdings in common, and by portfolio weight the two funds are 4.2% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26VBK holds 551 · VNQ holds 146
- Weight in Shared Holdings
- VBK 4%·VNQ 8%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 VBK
525 of 551 positions (95.5% of the fund) are not held by VNQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBK | VNQ |
|---|---|---|
| Real Estate | 3.9% | 99.3% |
| Industrials | 24.6% | 0.0% |
| Information Technology | 21.6% | 0.0% |
| Health Care | 16.1% | 0.0% |
| Consumer Discretionary | 9.9% | 0.0% |
| Other Sectors | 22.7% | 0.4% |
| Unclassified | 0.9% | 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 VBK, 0% of VNQ).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VBK | +1.8% | +19.6% | +29.4% | +16.6% | +5.3% | +11.4% | 0.42% |
| VNQ | +0.0% | +13.4% | +13.9% | +9.7% | +2.2% | +4.9% | 3.53% |
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 VBK vs VNQ →
Shared Holdings(26)
The top 10 shared positions account for 69% of the overlap, led by SUI, ELS and UDR.
 SUISun Communities, Inc. COM | 0.52% | 0.84% | 0.52% |
|---|---|---|---|
 ELSEquity Lifestyle Properties Inc COM | 0.38% | 0.62% | 0.38% |
 UDRUDR Inc COM | 0.37% | 0.61% | 0.37% |
 AHRAmerican Healthcare REIT Inc. COM SHS | 0.29% | 0.48% | 0.29% |
 CTRECaretrust Reit Inc COM | 0.27% | 0.47% | 0.27% |
 ZUSDZillow Group Inc CL C CAP STK | 0.23% | 0.39% | 0.23% |
 HSTHost Hotels & Resorts Inc COM | 0.22% | 0.77% | 0.22% |
 EPRTEssential Properties Realty Trust Inc. COM | 0.21% | 0.33% | 0.21% |
 HRHealthcare Realty Trust Incorporated Class A | 0.20% | 0.33% | 0.20% |
 RHPRyman Hospitality Properties Inc COM | 0.18% | 0.33% | 0.18% |
 LAMRLamar Advertising Company Class A | 0.18% | 0.63% | 0.18% |
 KRGKite Realty Group Trust COM NEW | 0.17% | 0.30% | 0.17% |
 OPENOpendoor Technologies, Inc., Class A | 0.13% | 0.26% | 0.13% |
 REXRRexford Industrial Realty Inc. COM | 0.13% | 0.44% | 0.13% |
| National Storage Affiliates Trust COM SHS BEN IN | 0.09% | 0.17% | 0.09% |
 JOESt. Joe Co. (The) | 0.08% | 0.13% | 0.08% |
 CURBCurbline Properties Corp. COM | 0.08% | 0.14% | 0.08% |
 PECOPhillips Edison & Co Inc COMMON STOCK | 0.08% | 0.27% | 0.08% |
 OUTOUTFRONT Media Inc COM NEW | 0.07% | 0.25% | 0.07% |
 ZGZillow Group, Inc., Class A | 0.06% | 0.11% | 0.06% |
 IRTIndependence Realty Trust Inc COM | 0.06% | 0.21% | 0.06% |
 PEBPebblebrook Hotel Trust COM | 0.05% | 0.08% | 0.05% |
 IVTInventrust Properties Corporation COM NEW | 0.04% | 0.13% | 0.04% |
| Kennedy-Wilson Holdings Inc COM | 0.04% | 0.06% | 0.04% |
 GNLGlobal Net Lease Inc COM NEW | 0.03% | 0.10% | 0.03% |
Frequently Asked Questions
How much do VBK and VNQ overlap?
VBK and VNQ overlap by 4.2% of portfolio weight. They share 26 holdings (VBK holds 551 positions and VNQ holds 146), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBK and VNQ?
The two portfolios are 4.2% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VBK and VNQ?
The largest positions held by both funds are SUI, ELS, UDR, AHR and CTRE. Together the top 10 shared positions account for 69% of the total overlap.
What does VBK own that VNQ doesn't?
525 positions (95.5% of VBK) are unique to VBK, led by FTI, CIEN and CASY. In the other direction, 120 positions (91.2% of VNQ) are unique to VNQ.