VBR vs VO: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
Vanguard · 289 holdings · $109.2B · as of 2026-03-31
How similar are VBR and VO?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Vanguard Mid-cap Index Fund (VO, by Vanguard) holds 289. They have 17 holdings in common, and by portfolio weight the two funds are 1.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 17VBR holds 838 · VO holds 289
- Weight in Shared Holdings
- VBR 4%·VO 2%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
821 of 838 positions (96.3% of the fund) are not held by VO. Showing the top 30 by weight.
Only in VO
272 of 289 positions (98.0% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | VO |
|---|---|---|
| Industrials | 18.8% | 18.4% |
| Financials | 18.7% | 13.8% |
| Information Technology | 8.2% | 14.2% |
| Consumer Discretionary | 10.9% | 9.3% |
| Real Estate | 9.1% | 5.4% |
| Other Sectors | 33.5% | 38.6% |
| 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 VO).
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% |
| VO | +2.6% | +14.8% | +18.0% | +15.7% | +8.0% | +11.6% | 1.29% |
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 VO →
Shared Holdings(17)
The top 10 shared positions account for 74% of the overlap, led by DOW, HUBB and STLD.
 DOWDow Inc COM | 0.36% | 0.16% | 0.16% |
|---|---|---|---|
 HUBBHubbell Incorporated COM | 0.16% | 0.14% | 0.14% |
 STLDSteel Dynamics, Inc. COM | 0.30% | 0.14% | 0.14% |
 QQnity Electronics Inc. COMMON STOCK | 0.29% | 0.13% | 0.13% |
 NINiSource Inc. COM | 0.27% | 0.12% | 0.12% |
 LYBLyondellBasell Industries NV COM EUR0.04 CLASS 'A' | 0.25% | 0.11% | 0.11% |
 LDOSLeidos Holdings Inc COM | 0.24% | 0.11% | 0.11% |
 EVRGEvergy Inc COM | 0.22% | 0.10% | 0.10% |
 WYWeyerhaeuser Company COM NEW | 0.21% | 0.10% | 0.10% |
 CNCCentene Corp. COM | 0.19% | 0.09% | 0.09% |
 CDWCDW Corp COM | 0.19% | 0.09% | 0.09% |
 ESSEssex Property Trust, Inc. COM | 0.19% | 0.09% | 0.09% |
 TRMBTrimble Inc COM | 0.18% | 0.08% | 0.08% |
 GPCGenuine Parts Co COM | 0.18% | 0.08% | 0.08% |
 INVHInvitation Homes Inc. COM | 0.17% | 0.08% | 0.08% |
 VGVenture Global, Inc., Class A | 0.02% | 0.01% | 0.01% |
 CRBGCorebridge Financial Inc. | 0.16% | 0.00% | 0.00% |
Frequently Asked Questions
How much do VBR and VO overlap?
VBR and VO overlap by 1.6% of portfolio weight. They share 17 holdings (VBR holds 838 positions and VO holds 289), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and VO?
The two portfolios are 1.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VBR and VO?
The largest positions held by both funds are DOW, HUBB, STLD, Q and NI. Together the top 10 shared positions account for 74% of the total overlap.
What does VBR own that VO doesn't?
821 positions (96.3% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 272 positions (98.0% of VO) are unique to VO.