VBK vs XAR: Holdings Overlap
VBKVanguard Small-cap Growth Index Fund
Vanguard · 551 holdings · $24.3B · as of 2026-03-31
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (VBK: 2026-03-31, XAR: 2026-08-06). 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 XAR?
Vanguard Small-cap Growth Index Fund (VBK, by Vanguard) holds 551 positions; State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47. They have 21 holdings in common, and by portfolio weight the two funds are 6.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21VBK holds 551 · XAR holds 47
- Weight in Shared Holdings
- VBK 7%·XAR 46%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
530 of 551 positions (93.0% of the fund) are not held by XAR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBK | XAR |
|---|---|---|
| Industrials | 24.6% | 98.4% |
| Information Technology | 21.6% | 0.0% |
| Health Care | 16.1% | 0.0% |
| Consumer Discretionary | 9.9% | 0.0% |
| Financials | 6.1% | 0.0% |
| Other Sectors | 20.6% | 0.0% |
| Unclassified | 0.9% | 1.6% |
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, 2% of XAR).
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% |
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
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 XAR →
Shared Holdings(21)
The top 10 shared positions account for 87% of the overlap, led by FTAI, CW and WWD.
 FTAIFTAI Aviation Ltd COM USD0.01 | 0.84% | 2.54% | 0.84% |
|---|---|---|---|
 CWCurtiss-Wright Corporation | 0.84% | 2.57% | 0.84% |
 WWDWoodward Inc. COM | 0.71% | 2.58% | 0.71% |
 ATIATI Inc COMMON STOCK | 0.66% | 3.15% | 0.66% |
 BWXTBWX Technologies Inc. COM | 0.62% | 2.36% | 0.62% |
 CRSCarpenter Technology Corporation COM | 0.62% | 2.76% | 0.62% |
 RKLBRocket Lab Corp. COM | 0.61% | 1.86% | 0.61% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 0.43% | 2.71% | 0.43% |
 AVAVAeroVironment, Inc. COM | 0.23% | 2.56% | 0.23% |
 HXLHexcel Corporation COM | 0.20% | 2.91% | 0.20% |
 KRMNKarman Holdings Inc. COMMON STOCK | 0.15% | 3.11% | 0.15% |
 SAROStandardAero Inc. COM | 0.14% | 3.13% | 0.14% |
 MRCYMercury Systems Inc COM | 0.13% | 2.01% | 0.13% |
 DRSLeonardo DRS Inc COM | 0.12% | 2.11% | 0.12% |
 ACHRArcher Aviation, Inc., Class A | 0.09% | 2.68% | 0.09% |
 LOARLoar Holdings Inc COM SHS | 0.08% | 1.83% | 0.08% |
 VSECVSE Corp. COM | 0.08% | 3.37% | 0.08% |
 FLYFirefly Aerospace Inc. COM | 0.06% | 0.79% | 0.06% |
 VOYGVoyager Technologies, Inc., Class A | 0.02% | 0.42% | 0.02% |
 BETABeta Technologies Inc. COM SHS CL A | 0.02% | 0.59% | 0.02% |
 YSSYork Space Systems, Inc. | 0.01% | 0.18% | 0.01% |
Frequently Asked Questions
How much do VBK and XAR overlap?
VBK and XAR overlap by 6.7% of portfolio weight. They share 21 holdings (VBK holds 551 positions and XAR holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBK and XAR?
The two portfolios are 6.7% 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 VBK and XAR?
The largest positions held by both funds are FTAI, CW, WWD, ATI and BWXT. Together the top 10 shared positions account for 87% of the total overlap.
What does VBK own that XAR doesn't?
530 positions (93.0% of VBK) are unique to VBK, led by FTI, CIEN and CASY. In the other direction, 26 positions (53.7% of XAR) are unique to XAR.