VBK vs XMHQ: Holdings Overlap
VBKVanguard Small-cap Growth Index Fund
Vanguard · 551 holdings · $24.3B · 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 (VBK: 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 VBK and XMHQ?
Vanguard Small-cap Growth Index Fund (VBK, by Vanguard) holds 551 positions; Invesco S&P MidCap Quality ETF (XMHQ, by Invesco) holds 80. They have 38 holdings in common, and by portfolio weight the two funds are 11.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 38VBK holds 551 · XMHQ holds 80
- Weight in Shared Holdings
- VBK 11%·XMHQ 55%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
513 of 551 positions (88.3% of the fund) are not held by XMHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBK | XMHQ |
|---|---|---|
| Industrials | 24.6% | 28.5% |
| Information Technology | 21.6% | 8.4% |
| Health Care | 16.1% | 19.7% |
| Financials | 6.1% | 15.1% |
| Consumer Discretionary | 9.9% | 9.5% |
| Other Sectors | 20.6% | 18.8% |
| 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 XMHQ).
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% |
| 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 VBK vs XMHQ →
Shared Holdings(38)
The top 10 shared positions account for 52% of the overlap, led by FTI, RGLD and TWLO.
 FTITechnipFMC PLC USD1 | 0.92% | 4.95% | 0.92% |
|---|---|---|---|
 RGLDRoyal Gold, Inc. COM | 0.72% | 2.38% | 0.72% |
 TWLOTwilio, Inc., Class A | 0.64% | 3.00% | 0.64% |
 BWXTBWX Technologies Inc. COM | 0.62% | 2.35% | 0.62% |
 CRSCarpenter Technology Corporation COM | 0.62% | 2.72% | 0.62% |
 NXTNextpower Inc. CLASS A COM | 0.57% | 2.53% | 0.57% |
 TLNTalen Energy Corporation COM | 0.49% | 2.22% | 0.49% |
 GGGGraco Inc COM | 0.47% | 1.52% | 0.47% |
 LECOLincoln Electric Holdings Inc. COM | 0.46% | 1.99% | 0.46% |
 PENPenumbra Inc. COM | 0.41% | 1.93% | 0.41% |
 STRLSterling Infrastructure Inc COM | 0.40% | 2.61% | 0.40% |
 TXRHTexas Roadhouse Inc COM | 0.36% | 1.48% | 0.36% |
 MEDPMedpace Holdings Inc. COM | 0.36% | 2.54% | 0.36% |
 EXELExelixis, Inc. COM | 0.35% | 2.13% | 0.35% |
 28TTopbuild Corporation COM | 0.33% | 1.46% | 0.33% |
 GMEDGlobus Medical, Inc., Class A | 0.32% | 1.28% | 0.32% |
 MANHManhattan Associates Inc COM | 0.27% | 1.79% | 0.27% |
 HLIHoulihan Lokey, Inc., Class A | 0.26% | 1.14% | 0.26% |
 HALOHalozyme Therapeutics Inc COM | 0.25% | 0.99% | 0.25% |
 KNSLKinsale Capital Group Inc COM | 0.25% | 1.19% | 0.25% |
 SFMSprouts Farmers Markets Inc COM | 0.24% | 1.11% | 0.24% |
 CHWYChewy, Inc., Class A | 0.21% | 1.00% | 0.21% |
 EVREvercore, Inc., Class A | 0.19% | 1.80% | 0.19% |
 CHEChemed Corporation COM | 0.18% | 0.84% | 0.18% |
 BSYBentley Systems Incorporated COM CL B | 0.17% | 0.59% | 0.17% |
Frequently Asked Questions
How much do VBK and XMHQ overlap?
VBK and XMHQ overlap by 11.4% of portfolio weight. They share 38 holdings (VBK holds 551 positions and XMHQ holds 80), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBK and XMHQ?
The two portfolios are 11.4% 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 XMHQ?
The largest positions held by both funds are FTI, RGLD, TWLO, BWXT and CRS. Together the top 10 shared positions account for 52% of the total overlap.
What does VBK own that XMHQ doesn't?
513 positions (88.3% of VBK) are unique to VBK, led by CIEN, CASY and NTRA. In the other direction, 42 positions (45.1% of XMHQ) are unique to XMHQ.