VBR vs IVOO: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
IVOOVanguard S&P Mid-cap 400 Index Fund
Vanguard · 400 holdings · $3.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (VBR: 2026-03-31, IVOO: 2026-05-31). 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 IVOO?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Vanguard S&P Mid-cap 400 Index Fund (IVOO, by Vanguard) holds 400. They have 260 holdings in common, and by portfolio weight the two funds are 44.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 44.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 260VBR holds 838 · IVOO holds 400
- Weight in Shared Holdings
- VBR 44%·IVOO 59%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
578 of 838 positions (55.7% of the fund) are not held by IVOO. Showing the top 30 by weight.
Only in IVOO
140 of 400 positions (40.7% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | IVOO |
|---|---|---|
| Industrials | 18.8% | 25.6% |
| Financials | 18.7% | 14.3% |
| Information Technology | 8.2% | 15.7% |
| Consumer Discretionary | 10.9% | 11.1% |
| Real Estate | 9.1% | 6.7% |
| Other Sectors | 33.5% | 26.4% |
| Unclassified | 0.5% | 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 VBR, 0% of IVOO).
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% |
| IVOO | +3.1% | +18.5% | +26.0% | +14.6% | +9.0% | +11.2% | 1.14% |
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 IVOO →
Shared Holdings(260)
The top 10 shared positions account for 10% of the overlap, led by UTHR, FLEX and USFD.
 UTHRUnited Therapeutics Corporation COM | 0.63% | 0.68% | 0.63% |
|---|---|---|---|
 FLEXFlex Ltd. COM USD0.01 | 0.58% | 1.58% | 0.58% |
 USFDUS Foods Holding Corp COM | 0.49% | 0.51% | 0.49% |
 ILMNIllumina Inc COM | 0.43% | 0.71% | 0.43% |
 AAAlcoa Corporation COM | 0.42% | 0.57% | 0.42% |
 OVVOvintiv Inc COM | 0.41% | 0.44% | 0.41% |
 THCTenet Healthcare Corporation COM NEW | 0.40% | 0.44% | 0.40% |
 ITTITT Inc COM | 0.40% | 0.48% | 0.40% |
 RSReliance Inc COM | 0.38% | 0.57% | 0.38% |
 MKSIMKS Inc. COM | 0.37% | 0.62% | 0.37% |
 WPCW. P. Carey Inc COM | 0.37% | 0.46% | 0.37% |
 NLYAnnaly Capital Management, Inc. COM NEW | 0.37% | 0.45% | 0.37% |
 APGAPI Group Corp COM STK | 0.36% | 0.45% | 0.36% |
 EWBCEast West Bancorp Inc COM | 0.36% | 0.48% | 0.36% |
 JLLJones Lang LaSalle Incorporated COM | 0.35% | 0.38% | 0.35% |
 DTMDT Midstream Inc COMMON STOCK | 0.33% | 0.41% | 0.33% |
 CSLCarlisle Companies Incorporated | 0.33% | 0.40% | 0.33% |
 RGAReinsurance Group of America, Incorporated COM NEW | 0.32% | 0.38% | 0.32% |
 WCCWesco International, Inc. COM | 0.32% | 0.50% | 0.32% |
 OHIOmega Healthcare Investors, Inc. COM | 0.31% | 0.39% | 0.31% |
 TOLToll Brothers, Inc. COM | 0.31% | 0.37% | 0.31% |
 RNRRenaissancere Holdings Ltd. COM USD1 | 0.31% | 0.35% | 0.31% |
 BJBJ's Wholesale Club Holdings, Inc. | 0.31% | 0.32% | 0.31% |
 NYTNew York Times Co. (The), Class A | 0.31% | 0.35% | 0.31% |
 PFGCPerformance Food Group Co. COM | 0.31% | 0.44% | 0.31% |
Showing the top 250 of 260 shared holdings by overlap weight.
Frequently Asked Questions
How much do VBR and IVOO overlap?
VBR and IVOO overlap by 44.0% of portfolio weight. They share 260 holdings (VBR holds 838 positions and IVOO holds 400), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and IVOO?
The two portfolios are 44.0% 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 IVOO?
The largest positions held by both funds are UTHR, FLEX, USFD, ILMN and AA. Together the top 10 shared positions account for 10% of the total overlap.
What does VBR own that IVOO doesn't?
578 positions (55.7% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 140 positions (40.7% of IVOO) are unique to IVOO.