VBR vs VOE: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
VOEVanguard Mid-cap Value Index Fund
Vanguard · 170 holdings · $24.2B · as of 2026-03-31
How similar are VBR and VOE?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Vanguard Mid-cap Value Index Fund (VOE, by Vanguard) holds 170. They have 15 holdings in common, and by portfolio weight the two funds are 2.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15VBR holds 838 · VOE holds 170
- Weight in Shared Holdings
- VBR 3%·VOE 3%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
823 of 838 positions (96.4% of the fund) are not held by VOE. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | VOE |
|---|---|---|
| Industrials | 18.8% | 13.6% |
| Financials | 18.7% | 17.6% |
| Energy | 4.9% | 13.0% |
| Utilities | 5.3% | 12.7% |
| Consumer Discretionary | 10.9% | 5.0% |
| Other Sectors | 40.6% | 37.6% |
| 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 VOE).
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% |
| VOE | +3.2% | +17.9% | +26.2% | +15.9% | +10.1% | +10.8% | 1.80% |
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 VOE →
Shared Holdings(15)
The top 10 shared positions account for 76% of the overlap, led by DOW, STLD and Q.
 DOWDow Inc COM | 0.36% | 0.28% | 0.28% |
|---|---|---|---|
 STLDSteel Dynamics, Inc. COM | 0.30% | 0.23% | 0.23% |
 QQnity Electronics Inc. COMMON STOCK | 0.29% | 0.23% | 0.23% |
 NINiSource Inc. COM | 0.27% | 0.21% | 0.21% |
 LYBLyondellBasell Industries NV COM EUR0.04 CLASS 'A' | 0.25% | 0.19% | 0.19% |
 LDOSLeidos Holdings Inc COM | 0.24% | 0.18% | 0.18% |
 EVRGEvergy Inc COM | 0.22% | 0.17% | 0.17% |
 WYWeyerhaeuser Company COM NEW | 0.21% | 0.17% | 0.17% |
 CNCCentene Corp. COM | 0.19% | 0.15% | 0.15% |
 CDWCDW Corp COM | 0.19% | 0.15% | 0.15% |
 ESSEssex Property Trust, Inc. COM | 0.19% | 0.15% | 0.15% |
 GPCGenuine Parts Co COM | 0.18% | 0.14% | 0.14% |
 INVHInvitation Homes Inc. COM | 0.17% | 0.13% | 0.13% |
 HUBBHubbell Incorporated COM | 0.16% | 0.12% | 0.12% |
 TRMBTrimble Inc COM | 0.18% | 0.07% | 0.07% |
Frequently Asked Questions
How much do VBR and VOE overlap?
VBR and VOE overlap by 2.6% of portfolio weight. They share 15 holdings (VBR holds 838 positions and VOE holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and VOE?
The two portfolios are 2.6% 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 VOE?
The largest positions held by both funds are DOW, STLD, Q, NI and LYB. Together the top 10 shared positions account for 76% of the total overlap.
What does VBR own that VOE doesn't?
823 positions (96.4% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 155 positions (96.9% of VOE) are unique to VOE.