VBR vs DFAS: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · 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 (VBR: 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 VBR and DFAS?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121. They have 638 holdings in common, and by portfolio weight the two funds are 49.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 49.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 638VBR holds 838 · DFAS holds 2121
- Weight in Shared Holdings
- VBR 66%·DFAS 56%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 VBR
200 of 838 positions (34.1% of the fund) are not held by DFAS. Showing the top 30 by weight.
Only in DFAS
1483 of 2121 positions (43.6% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | DFAS |
|---|---|---|
| Industrials | 18.8% | 20.6% |
| Financials | 18.7% | 19.2% |
| Consumer Discretionary | 10.9% | 12.4% |
| Information Technology | 8.2% | 12.0% |
| Health Care | 8.4% | 11.1% |
| Other Sectors | 34.3% | 21.9% |
| Unclassified | 0.5% | 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 VBR, 3% of DFAS).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
| 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 VBR vs DFAS →
Shared Holdings(638)
The top 10 shared positions account for 5% of the overlap, led by WCC, BWA and APA.
 WCCWesco International, Inc. COM | 0.32% | 0.29% | 0.29% |
|---|---|---|---|
 BWABorgWarner Inc. COM | 0.27% | 0.25% | 0.25% |
 APAAPA Corp. COM | 0.36% | 0.25% | 0.25% |
 JAZZJazz Pharmaceuticals Public Limited Company | 0.27% | 0.25% | 0.25% |
 DINOHF Sinclair Corporation | 0.24% | 0.23% | 0.23% |
 AAAlcoa Corporation COM | 0.42% | 0.22% | 0.22% |
 DTMDT Midstream Inc COMMON STOCK | 0.33% | 0.22% | 0.22% |
 ALSNAllison Transmission Holdings Inc COM | 0.23% | 0.22% | 0.22% |
 HASHasbro Inc COM | 0.32% | 0.22% | 0.22% |
 NYTNew York Times Co. (The), Class A | 0.31% | 0.22% | 0.22% |
 HIIHuntington Ingalls Industries, Inc. COM | 0.36% | 0.21% | 0.21% |
 RRCRange Resources Corporation | 0.26% | 0.21% | 0.21% |
 ELANElanco Animal Health Inc COM | 0.29% | 0.21% | 0.21% |
 IVZInvesco Ltd COM STK USD0.20 | 0.25% | 0.21% | 0.21% |
 WTFCWintrust Financial Corporation COM | 0.23% | 0.21% | 0.21% |
 OVVOvintiv Inc COM | 0.41% | 0.20% | 0.20% |
 MLIMueller Industries Inc. COM | 0.30% | 0.20% | 0.20% |
 ESIElement Solutions Inc COM | 0.20% | 0.23% | 0.20% |
 FHNFirst Horizon Corporation COM | 0.27% | 0.20% | 0.20% |
 BPOPPopular, Inc. COM USD0.01 | 0.21% | 0.20% | 0.20% |
 PRPermian Resources Corporation Class A | 0.20% | 0.21% | 0.20% |
 SSBSouthState Bank Corporation | 0.22% | 0.20% | 0.20% |
 KNXKnight-Swift Transportation Holdings Inc. Class A | 0.22% | 0.20% | 0.20% |
 OSKOshkosh Corporation COM | 0.22% | 0.19% | 0.19% |
 ARMKAramark COM | 0.26% | 0.19% | 0.19% |
Showing the top 250 of 638 shared holdings by overlap weight.
Frequently Asked Questions
How much do VBR and DFAS overlap?
VBR and DFAS overlap by 49.7% of portfolio weight. They share 638 holdings (VBR holds 838 positions and DFAS holds 2121), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and DFAS?
The two portfolios are 49.7% 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 VBR and DFAS?
The largest positions held by both funds are WCC, BWA, APA, JAZZ and DINO. Together the top 10 shared positions account for 5% of the total overlap.
What does VBR own that DFAS doesn't?
200 positions (34.1% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 1483 positions (43.6% of DFAS) are unique to DFAS.